Expedia Group Chief Executive Officer Peter Kern believes that 2023 will be the year that we stop predicting a travel recovery and actually start enjoying it.
Americans are preparing to spend big - again - as omicron cases subside and states across the country loosen covid restrictions.
Timed to coincide with this year’s meeting at the Americas Lodging Investment Summit in Los Angeles, the American Hotel & Lodging Association issued an interesting report on the state of the hotel industry.
Financial leaders at US companies say business travel is likely to boom by the end of 2022. According to a poll from SAP Concur, more than half (52 percent) of the finance managers surveyed say it’s very or extremely likely that their industry will see a substantial increase in business travel by the end of 2022.
The U.S. hotel industry neared 50% occupancy in the latest weekly results as leisure travel began to reemerge from a post-holiday hibernation.
The desires to deliver positive experiences for guests and maintain profits have never been more at odds in the hotel industry than they are now, and executives speaking at the 2022 Americas Lodging Investment Summit said there's a simple reason for that.
As the hotel industry gathered for the Americas Lodging Investment Summit this week, it served as a chance to dive into projections and analysis for the year to come, and a consensus has emerged on both the recovery and the stumbling blocks ahead.
Pricing power in leisure travel destinations and airport markets continue to keep the U.S. hotel industry recovery on track despite hotels being less than half occupied on average.
Travel bookings and inquiries are surging, say travel insiders, in an upward trajectory that, if realized, may both benefit and challenge travelers in the coming year.
While leisure travel has been the lone saving grace for the hotel industry since the onset of the COVID-19 pandemic, hotel sales and marketing experts believe the business mix could grow more diversified in 2022.
With employees continuing to return to offices, ongoing vaccination progress and the reopening of many international borders, the time would seem to be ripe for the return of business travel.
The calendar year has changed, but many of the same factors weighing on hotel forecasts persist — specifically, the outlook for business transient and group travel, how inflation will play into travel demand, leisure travel’s endurance and the emergence of the COVID-19 omicron variant.
Preliminary performance data from CoStar hospitality analytics firm STR shows no impact from the emerging COVID-19 omicron variant on U.S. hotel demand, and patterns suggest any impact in the future will be minimal, according to Jan Freitag, national director for hospitality analytics at CoStar.
Concerns over the Omicron coronavirus variant and fresh travel restrictions have led to a spike in hotel booking cancellations globally, online hotel search firm Trivago said on Tuesday, threatening to upend a fragile recovery in tourism.
While U.S. hotel performance continues to lag 2019 levels, the rate of recovery is a positive sign for hoteliers industrywide.
After 20 months without a single guest in its more than 1,000 rooms, the Hyatt Grand Central in Midtown Manhattan is now sold out on weekends through the end of the year.
The strength of U.S. hotel demand this year has renewed hoteliers’ optimism for a faster recovery, which appears likely according to industry forecasters, with some caveats.
Things are finally looking up for the battered hospitality industry. New data, released by hotel-analytics provider STR at NYU's 43rd Annual International Hospitality Investment Conference this week, showed that daily demand for U.S. hotels is nearly back to prepandemic levels. Group demand also is rising, and hotel CEOs expect occupancy rates and revenue per available room to continue to increase in the coming year.
A happy ending is in sight to the Big Apple’s hotel industry catastrophe — just wait until 2026!
Hilton Worldwide Holdings Inc. Chief Executive Officer Christopher Nassetta says hotels are hedged against inflation thanks to the same dynamic that made the lodging industry one of the biggest losers in the early days of Covid-19 pandemic.