National & International Policy

How platforms like Booking.com help lodging partners grow their business while delivering savings for American consumers

How platforms like Booking.com help lodging partners grow their business while delivering savings for American consumers

In the span of three years (2019–2021), travelers in the US saved nearly $50 billion on lodging, regardless of how they booked it. This is but one of the conclusions to draw from a recent study by Oxford Economics titled: The Economic Impact of Onli...

Maryam Mujica

Director of Public Affairs for the Americas

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Online Travel Agencies (OTA)

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National & International Policy

How platforms like Booking.com help lodging partners grow their business while delivering savings for American consumers

Restoring Travel’s Role in Reducing America’s Trade Deficit

Did you know: Travel spending is considered an export or an import—depending on who is spending.

Aaron Szyf

Economist at U.S Travel Association

U.S. Travel Association

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National & International Policy

U.S. Travel Association (USTA)

Jobs Report Exceeds Expectations, Led by L&H Boost

The first jobs report of 2023 overshot expectations. Overall, the economy added a staggering 517,000 jobs in January—far higher than the 187,000 increase that was expected—and the unemployment rate fell to 3.4%, its lowest since 1969.

Aaron Szyf

Economist at U.S Travel Association

U.S. Travel Association

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Human Resources

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National & International Policy

U.S. Travel Association (USTA)

Highs, Lows and Some In-Between: 2022 in Review

What a year. 2022 was a mix of setbacks and recovery, coupled with seemingly contradictory economic and consumer data.

Jamie Mageau

Director of Research Products for U.S. Travel Association

U.S. Travel Association

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Lodging Industry

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National & International Policy

U.S. Travel Association (USTA)

Measure ULA Approved: New Transfer Tax on All Real Property Sales Over $5 Million in the City of Los Angeles

Last month Los Angeles voters approved Measure ULA, imposing a new tax on all real property sales or transfers over $5 million. This will affect all parties involved in a real property transaction, and it is important to understand the implications ...

David Tabibian

Partner in JMBM’s Real Estate Department and Global Hospitality Group®

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National & International Policy

JMBM Global Hospitality Group

Latest U.S. Travel Forecast Showcases a Resilient Travel Sector Though Headwinds Remain

The big picture: The latest U.S. Travel forecast is relatively unchanged from our previous estimates from the spring, despite the increased odds of a recession, stubborn inflation and additional headwinds.

Aaron Szyf

Economist at U.S Travel Association

U.S. Travel Association

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Markets & Performance

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National & International Policy

U.S. Travel Association (USTA)

L&H Employment Still Below Pre-Pandemic Levels but Shows Signs of Recovery

This morning, the Bureau of Labor Statistics (BLS) released the latest employment data, which surpassed expectations and showed that the economy added 263,000 jobs in November. This is worrying investors who fear that the Federal Reserve will respon...

Aaron Szyf

Economist at U.S Travel Association

U.S. Travel Association

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Human Resources

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National & International Policy

U.S. Travel Association (USTA)

Hotel Lawyer: FinCEN Issues Final Rule for CTA’s Beneficial Owners Reporting Requirements

Effective January 1, 2024, companies will have to report their beneficial owners to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network as part of the updated Corporate Transparency Act of 2021 (CTA) rules. Unless they are exe...

Vince Farhat

Partner, Chair of the White Collar Defense & Investigations Group

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National & International Policy

JMBM Global Hospitality Group

Despite Moderate Growth, Leisure & Hospitality Jobs Recovery Remains Behind Other Sectors

The big picture: The latest jobs data shows that Leisure & Hospitality (L&H) jobs continued to grow, but nowhere near what is needed for industry growth or to fill the large, and growing, number of openings.

Aaron Szyf

Economist at U.S Travel Association

U.S. Travel Association

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Human Resources

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National & International Policy

U.S. Travel Association (USTA)

Looking Ahead: Holiday Travel Expectations

After two years of smaller celebrations and canceled trips, Americans are looking forward to a more normal holiday season this year. Holiday travel demand is expected to exceed last year’s demand. Nearly six in 10 Americans (59%) plan to travel for ...

Jamie Mageau

Director of Research Products for U.S. Travel Association

U.S. Travel Association

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Consumer Trends

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National & International Policy

U.S. Travel Association (USTA)