leisure travel
Healthy Outlook for Europe Hotels: Corporate Demand Recovering, Leisure Travel Remains Resilient
May 24, 2023
Analysis by: Robin Rossmann, Will Anns Europe hotel performance caused some reason for concern during the first quarter of 2023, but momentum points to healthy performance ahead for gateway cities and secondary markets thanks to recovering corporate demand as well as resilient leisure travel. Solid overall since the last wave of COVID Despite slow Q1 performance, hotels showed better yield percentage change than other forms of commercial real estate in Europe, such as office, retail and industrial space. Additionally, when expanding performance out to a 10-month view, top-line and bottom-line metrics trended well in nominal and real (inf...
SURVEY: Most Americans More Likely to Stay in Hotels, Vacation This Summer vs. Last
AHLA | May 22, 2023
WASHINGTON (May 22, 2023) – This summer, most adults are more likely than they were in the summer of 2022 to stay in a hotel and take vacation trips, according to a new national Hotel Booking Index survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult. Thinking about the summer ahead, most adults report being more likely than they were in 2022 to stay in a hotel (56%), take more frequent (55%) and longer (52%) leisure or vacation trips, the survey says. According to the findings, hotels are the top lodging choice among those planning to travel for business (77%) and leisure (54%)...
Bags Packed: Reuniting With Lost Vacations
Deloitte | April 3, 2023
By Anthony J. Jackson, Peter Caputo, Maggie Rauch, Stephen Rogers Prolonged inflation has taken its toll on consumers’ finances. Even as inflation rates show signs of easing,1 roughly four in 10 Americans surveyed in Deloitte’s Global State of the Consumer Tracker feel financially worse off compared to a year ago.2 Many continue to cite concerns around savings and nearly half still say they’re delaying large purchases.3 Americans’ sense of financial well-being seems to have taken a hit, and over the past year, so has spending confidence.4 Recession warnings certainly aren’t making matters any better. Through all the gloom, ...
Analysis: 2022 Hotel Leisure Travel Revenue Projected To Be Up 14% Over Pre-Pandemic Levels
AHLA | October 17, 2022
WASHINGTON (October 17, 2022) – U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs. The projections are not adjusted for inflation, and real hotel revenue recovery will likely take several more years. Post-pandemic recovery remains uneven, particularly in many major cities and destinations where business travel continues to lag. Among the top 50 U.S. markets, 80% are projected to see hotel leisure travel reve...
Travel Disruption and Increasing Financial Barriers Stall Consumer Sentiment, but Wanderlust Remains
STR | August 18, 2022
Debate continues on the extent to which global tourism recovery will be impinged by increasing inflationary pressures and potential travel disruption. Thus far, any potential impact has not been visible in the hospitality sector. The STR Market Recovery Monitor, based on data for the week ending 30 July 2022, showed that more than 90% of North American markets and around 80% of global markets were achieving revenue per available room (RevPAR) that was 80% or above 2019 levels when adjusted for inflation. However, the expected seasonal slowing of peak leisure demand season is beginning and intersecting with significant macroeconomic hea...
U.S. Travel Forecast: All Sectors Projected to Surge in Short Term, but Headwinds Are on Horizon
U.S. Travel Association | June 22, 2022
WASHINGTON (June 22, 2022)—Days after the United States repealed its Covid-19 testing requirement for inbound air travelers, U.S. Travel Association released its full biannual forecast for travel through 2026—including both travel spending and volume—which projects that all segments of travel, in spite of rising inflation, will surge in the short term due to pent-up demand and consumer savings. However, this is not expected to last, leading to slower growth in the later years of the forecast. The international component of the forecast was released earlier this month at the association’s IPW trade show. U.S. Travel estimates th...
The Year of the Big Family Holiday: Brits Set to Spend Over £80bn on Family Holidays this Year
Hilton | May 27, 2022
LONDON, UK: 27 May, 2022 – As the worst effects of the pandemic pass, travellers are expected to make more considered travel choices. In fact, with over a third (37%) of the nation admitting they have not fully used their annual leave since before the pandemic, new research by Hilton (NYSE: HLT), reveals that Brits are prepared to spend an estimated 34% more on their holidays this year than pre-pandemic - an average total of £1,246 per person on travel, and an impressive £83.6bn as a nation this year. However, despite this willingness to spend, value remains key to UK holidaymakers as affordability ranks the top ‘must-have’ for ha...
Getting Back to Getaways: 2022 Deloitte Summer Travel Survey
Deloitte Transportation, Hospitality & Services | May 24, 2022
Against the backdrop of a persisting pandemic, the Deloitte 2022 summer leisure travel survey explores Americans’ travel intent Eileen Crowley Michael Daher Peter Caputo United States United States United States Anthony J. Jackson Maggie Rauch Bryan Terry United States United States United States As the COVID-19 pandemic moves through unpredictable ups and downs, intent to travel continues to climb higher. Unhindered by continued news about variants or by rising airfares and hotel rates, travel intent has reached a level that would have been high befo...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
Ulrich Schwer Appointed General Manager of Hotel de Rome, Berlin
STR: U.S. Hotel Results for Week Ending 3 June
Nothing Is Free, Even Free Shipping
Hard Rock Hotel & Casino Ottawa Celebrates Groundbreaking
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.