Interest in travel internationally is bouncing back
Over half of Americans are planning on traveling this spring, with over a third planning on taking two or more trips - and travelers are also planning to splash more cash.
Full recovery will not be achieved until 2024
A recovery is on the horizon: 46 per cent growth is possible in 2022 – domestic tourism remains more popular than traveling abroad; Artificial Intelligence, smart homes and workations as potential sales drivers?
Likely to become a permanent practice lasting well beyond the pandemic
In a global study of eight countries, 65% of 5,500 respondents say they plan to extend a work trip into a leisure one, or vice versa, in 2022.
US: Meetings volume increases 48.1 percent in February. If the year continues at this pace, volume levels will bring the industry closer to baseline 2019 numbers, says Knowland.
Travel demand will let airlines pass along fuel costs. The industry “takes time” to pass along pricier fuel into higher airfares but will do so in the coming months by reducing the amount of flying available.
Corporate travel: Shift to offline hotel bookings expected. With the latest updates to PSD2, corporate travelers will likely move away from online booking tools to contacting their TMC.
More hotels sign up to Expedia’s UNESCO sustainable travel pledge. Global initiative additions include Melia Hotels International, THB Hotels, Universal Hotels, and more.
Hospitality technology looking at other industries. That old concept that proprietary technology can give you a competitive advantage will not come back again.
What is your hotel doing to stand-out? Today’s digitally savvy travelers are doing more research, on more online booking platforms before booking hotel rooms.
Cendyn: Bleisure trips, workations - positioning your hotel for the latest hybrid travel trends. The emergence of hybrid travel as a major trend is an exciting opportunity for hotels.
OTA Insight acquires Transparent. The market leader in short term rental business intelligence will join forces with the market leading hotel business intelligence platform.