For the week ending 5 June 2021, U.S. industry occupancy increased ever so slightly to 61.9%, up +0.2 points from the previous week. Room demand increased for a fifth straight week but by its smallest amount of the past four weeks.
U.S. airlines carried 41.2 million systemwide (domestic and international) scheduled service passengers in March 2021, seasonally-adjusted, according to the Bureau of Transportation Statistics (BTS), up 29.6% from February.
70% of British workers agree travelling for work and conducting face-to-face meetings strengthens business relationships – Almost half of prospective business travellers would use work-funded travel to escape their household – Expensing fancy hotels top of the wishlist for 37% of respondents, as business travel returns
Among the Top 25 Markets, Miami saw the largest increases over 2019 across each of the three key performance metrics: occupancy (+9.0% to 77.1%), ADR (+69.1% to US$257.24) and RevPAR (+84.2% to US$198.30).
COVID-19 sparks a dramatic 37% fall in the sectors contribution to GDP – More than 290,000 jobs lost, while many more remain protected by the expansion of the employment scheme – However, the return of international travel this year could see GDP contribution rise sharply and jobs return
Sensibill analyzes everyday consumer spending trends related to travel during the pandemic
Understanding which customer groups drive the greatest value is critical to the success of your revenue management strategy.
News of easing pandemic restrictions boosts travellers hopes for summer 2021; however, overseas trips are not yet the preferred option for many
Summer 2021 A Caribbean Vacation or a Staycation
During the earliest days of COVID – 19, hotel average daily rate (ADR) in South America was as low as 47.8% below pre – pandemic levels. One year later, rates in the region have improved slightly – Aprils 15.7% increase was the first year – over – year positive in the metric since the middle of 2019 – but still remain far from recovery.