Jamie Mageau
Business Travel Accelerating
Jamie Mageau | October 24, 2023
By Jamie Mageau Despite ending 2022 still 29% below 2019 levels, transient and group business travel have made considerable progress this year. With the traditional summer vacation behind us and leisure travel demand ‘normalizing’, it is increasingly important that business travel—both transient and group continue growing. And the signs are there. Lodging data confirms the accelerated recovery of business and group travel. STR reported that the hotel industry finished the month of September strong with room demand the second-highest ever for the month. Weekday occupancy has increased, particularly in the top 25 larges...
Q2 Industry Perspectives: Looking Ahead for the Travel Industry
Jamie Mageau | August 18, 2023
By Jamie Mageau Over the last several weeks, many travel businesses released their Q2 earnings and shared their latest expectations. These insights and perspectives help us understand how some of the largest corporate travel players are viewing the state of the economy and its impact on the travel industry as well as opportunities or barriers on the horizon that may impact their continued growth. Here is a deeper dive into their perspectives. Leisure demand normalizing and returning to pre-pandemic trends Hilton CEO, Chris Nassetta: Leisure demand in the U.S. remained strong but grew more modestly year-over-year due to tougher compariso...
Industry Perspectives: Looking Ahead for the Travel Industry
Jamie Mageau | May 22, 2023
By Jamie Mageau These insights and perspectives help us understand how some of the largest travel corporate players are viewing the state of the economy and its impact on the travel industry as well as the main factors they are monitoring that may hinder their continued growth. The majority of travel organizations are extremely upbeat regarding the upcoming summer travel season yet are remaining flexible should they need to change course in the later part of the year if demand starts to slow. Now that all international restrictions have been dropped, international demand is a key tailwind for the industry for the coming months. Recen...
