Higher room rates will lead to a quicker return to 2019’s nominal ADR levels
Updated forecast now projects that occupancy, revenue per available room and average daily rate all could match or exceed 2019 levels as early as this year.
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Source markets with a high potential for outbound travel are Germany, the UK, the USA, France and the Netherlands
In Europe, outbound travel intentions have remained stable, at almost 90 per cent of pre-pandemic levels, while in America they have reached now almost 75 per cent, and in Asia 66 per cent.
Should travelers rethink Europe plans because of the war in Ukraine?
According to a recent survey conducted by MMGY Travel Intelligence, the war in Ukraine is now twice as likely to impact Americans' travel plans to Europe as the coronavirus pandemic.
U.S. travel agency sales reaches highest total since February 2020. ARC-accredited travel agency air ticket sales totaling $5.4 billion in February 2022, a 253% year-over-year increase from February 2021.
Delta's business travel is 60 percent back. Company believes that US economy over the next year or two is going to be meaningfully larger than it was in 2019.
Rising oil prices will likely affect travel this summer. Prices are pinching Americans who are already feeling the heat of inflation, and it will make travel more expensive this spring and summer.
Daily housekeeping is disappearing. The trend of no more daily housekeeping - while largely initiated by COVID-19 - has become the norm at many hotels.
Hospitality robots get major funding. US-based Bear Robotics has secured $81m in a Series B funding round to introduce new robots for the hospitality industry.
Google transitions to more privacy-compliant Analytics 4. Major changes are coming to Google Analytics as it navigates higher consumer privacy standards and increasingly complex international privacy laws.
Triptease: The post-Covid landscape, a new report for hotels. An overview of where the market currently stands, the new customer trends, and the actions you can take today to set your hotel up for success.
HSMAI Americas announces 2022 calendar of events and education. A mix of virtual and face-to-face programs represents both the opportunity to learn and exchange best practices.