Google says private accommodation is recovering faster than hotels on a global scale
Google has highlighted three trends that it is seeing in the travel sector, ten months into the outbreak of the coronavirus.
External Articles
Some Never Recover: ADR Cycles In The US Hotel Industry
Hotels always recover from economic downturns, right? Wrong.
The Future of Airbnb
In the travel wreckage caused by the pandemic, home-sharing has emerged as battered, but with a steady pulse, as rental houses became social-distancing refuges for the travel-starved.
Marriott Sees Growth In Caribbean And Latin America, Despite COVID-19
Marriott Hotels and Resorts, like other hotel companies, has been navigating the bumpy travel road created by the COVID-19 pandemic. There are lots of twists and turns, but some regional pockets of the world show faster revitalization signs than others. Hotel brands like Marriott are working to hard to instill traveler confidence while following international guidelines and encouraging guests to monitor each destination's coronavirus prevention measures.
The travel industry turned upside down: Insights, analysis, and actions for travel executives
Although the travel industry is no stranger to hardship and has been seriously damaged by the pandemic, we have already seen strong leadership actions that are keeping companies and their people above water while remaining focused on long-term growth. Many players have acted quickly to retain customer goodwill, tap into new sources of liquidity, and work effectively with unions to agree on voluntary redundancy programs. We have also seen innovation and a focus on customer experience. These examples illustrate the travel industry's strength that will help it chart a way forward through these challenging times.
EU travel industry steps up quarantine pushback
Leaders of Europe's coronavirus-stricken travel and tourism industries have appealed to the EU's chief executive to press governments to end quarantine requirements and instead embrace coordinated restrictions and testing.
Kalibri Industry Health Dashboard Updated - 09/15/20
This dashboard is designed to provide critical insights to the hotel community as we weather the storm of COVID-19. Updates are made weekly.
Marriott CFO: Corp. Clients Booking Twice the U.S. Room Nights from Spring
Marriott International now is selling to corporate customers in the United States twice as many nights and booking twice as many nights than it was in April and May, Marriott SVP and CFO Leeny Oberg said Monday during the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum 2020.
Marriott built its own ‘Airbnb’ before coronavirus crashed business travel. Did it help?
Marriott International began its push back against the success of Airbnb in Spring 2019 with Marriott Homes & Villas, a luxury property lodging service that offered customers a private residence alternative to hotel rooms. Bookings are up, by a lot, during Covid-19, as more travelers flock to individual properties. That's made the Airbnb rival a rare bright spot in business results for the hotel giant, which like its peers, has seen a massive falloff in traditional room bookings as business travel, travel to urban centers, and international vacation travel dwindled during the pandemic.
Cvent Trends: Smaller Meeting Sizes, Lower ADRs, Chain Scale Shift
Many meetings since March have been canceled, postponed or moved to virtual platforms because of the Covid-19 pandemic, but about $2 billion worth of meeting requests for proposals during the second quarter of 2020 were sourced through meetings management company Cvent's network, Cvent senior director of analytics Jeffrey Emenecker said during the recent Cvent Connect virtual conference.
Demand Trickle Slightly Lifts US Hotels In July
U.S. hotels in July continued their steady performance improvement, STR data shows. The trends continued into August as occupancy hit 50% in the week ending 15 August, reflecting growing demand amid ongoing summer travel.
Best Western CEO says Airbnb can't promise the cleanliness hotels can during pandemic
Since March, most Americans have stayed at home and worked from home; no travel meant no hotel stays. U.S. hotels have lost more than $46 billion in booking revenue since mid-February, according to the American Hotel & Lodging Association (AHLA). In May, U.S. hotel profit fell by 105% vs. May 2019. The industry is projecting a 50% drop in revenue for 2020 overall. As of July 30, more than half of the open hotel rooms in the U.S. were sitting empty.
Travelers are flocking to Airbnb, Vrbo more than hotels during COVID-19 pandemic. But why?
Sean Malin and his friends, like many Americans this summer, were desperate to get the heck out of (quarantine) Dodge despite the coronavirus pandemic.
Marriott's Sorenson believes "the worst is now behind us"
Marriott International saw global RevPAR drop 84.4% in the second quarter, with Marriott CEO Arne Sorenson telling investors that the three months through June "will mark the bottom, and that the worst is now behind us."
Six Months Into COVID-19: What Does The Data Say?
The 2020 Chinese New Year fell on 24-25 January, and just like every year, STR analysts expected a steep decline in demand as people stayed home and then a sharp uptick in leisure room demand for a week of vacation. However, it was not meant to be.
Airbnb Says Its I.P.O. Plans Are Back on Track
Airbnb has resumed its efforts to go public, despite significant damage to the home rental business caused by the coronavirus pandemic, Airbnb's chief executive, Brian Chesky, told employees Wednesday.
Consumer Engagement with Travel Sites Dips with Resurgence of COVID-19 Cases
Last month we introduced a consumer engagement metric, minutes per unique visitor, as a potential leading indicator of travel site visitation. What we witnessed was that as engagement grew in May 2020, visitation to travel sites also increased a week or two later. This lift in visitation was subsequently followed by an increase in travel site bookings.
The Great Travel Depression? Hotels, Cruise Lines, Airlines Prepare To Open Q2 Books
For much of the first half of this year, consumers stuck at home as the coronavirus circled the globe. Many people only dreamed of taking off to faraway lands or cruising across oceans and seas to exotic locales, while the industry that provided those services saw its own dreams turn into nightmares.
Us Hotels Show Slight Uptick In May
States reopened, weekend occupancy soared and now COVID-19 numbers spike. More cases could impact business and group travel in H2. For now, we look at May and are grateful that the worst seems to behind us.
Sabre indicates 'modest' recovery signs but air bookings still slammed
"The environment remains uncertain, with reductions in airline capacity and a volatile macro environment," Sabre said in an unscheduled update to investors this week.