travel demand
10 Hotel Trends to Watch in 2024
Pedro Colaco | December 15, 2023
By Pedro Colaco In the aftermath of a robust resurgence in the travel industry throughout 2023, hotels are gearing up for a transformative 2024, marked by shifting consumer preferences and the rise of cutting-edge technologies to help hotels address increasingly complex consumer and operational demands. This article explores the top 10 trends poised to redefine hotels and the wider travel and hospitality landscape in the coming year. 10 Hotel Trends to Watch in 2024 As we gear up for the new year, we foresee that a number of trends that arose in 2023 will continue to be critical for hotels in 2024. Hotels will continue to prioritize sus...
Summer Travel Forecast for Hoteliers: It’s Going to Be Hot
Joe Vargas | July 12, 2023
How cloud hospitality solutions can help you meet demand and keep your cool By Joe Vargas The summer vacation season is heating up for hoteliers as travelers continue to compensate for missed vacations in recent years and treat themselves to bucket-list trips. Despite inflation, hotel demand in April was only 2% below 2019 levels and spending remained on par with 2022, according to the U.S. Travel Association. According to Deloitte's 2023 summer travel survey, half of Americans are taking a leisure trip that includes paid lodging. To keep up with the robust level of current demand while delivering the ‘wow’ experiences desired ...
New Travel Forecast Shows Normalizing of Leisure Travel Demand From Post-Pandemic Surge
U.S. Travel Association | June 15, 2023
WASHINGTON - The U.S. Travel Association released its biannual forecast for travel to and within the United States through 2026, showing a normalized rate of growth in the domestic leisure travel sector after months of elevated demand. “Robust domestic leisure travel demand has been the driving force in the overall industry’s post-pandemic comeback,” said U.S. Travel Association President and CEO Geoff Freeman. “Though the surge we experienced in the last year is starting to moderate, we expect this segment to remain resilient in coming quarters.” Domestic Leisure Travel Domestic leisure travel is expected to remain s...
Spring Travel Demand Underscores Urgent Need for Federal Upgrades to Air Travel System
U.S. Travel Association | March 21, 2023
Air travel will surpass pre-pandemic levels this spring, according to new estimations, underscoring the urgent need for federal government investment in the U.S. air travel system which is already strained by inefficiencies and passenger dissatisfaction. “Periods of high demand—like spring break and holiday weekends—are a stress test that reveal the inadequacies of our current air travel system,” said U.S. Travel Association President and CEO Geoff Freeman. “Demand may be high now, but countless frustrating air travel experiences may cause passengers to choose other modes of transportation or simply stay home in the future.” ...
Report: Tripadvisor Releases Seasonal Travel Index of 2023 Outlining Traveler Sentiment
Tripadvisor | March 7, 2023
Two-thirds of travelers surveyed planning trips between March and May 2023 Half (50%) plan to spend more this upcoming season, compared to the same period last year Almost half (45%) will travel the same amount, while two in five 41% plan to travel more Major cities - including Paris, London, New York and Rome - dominate the list of top global destinations NEEDHAM, Mass., March 7, 2023 -- Tripadvisor®, the world's largest travel guidance platform, releases its first Seasonal Travel Index of 2023, providing an outlook for travel patterns and demand over the next three months. Overview The majority of travelers (6...
Opportunities for Tourism Due to Post-Pandemic Travel Triggers
Dr Cindy Heo | January 30, 2023
By Dr. Cindy Heo Insights from a recent research project that analyzes the post-pandemic emotional triggers behind making travel decisions. The findings highlight how people today are deciding to travel due to a desire to make human connections, find a sense of belonging, create lasting memories and undertake affordable sustainable actions. These new values of travel are opening up important opportunities for hoteliers and DMOs to create innovative and engaging offers based on quality rather than quantity of travel demand. In brief, new opportunities for tourism abound thanks to very personal, human triggers. Impact of Covid-19 on perso...
With So Many Headwinds, Why Are People Still Traveling?
STR | January 24, 2023
At the end of 2022, data and insights from STR showed the hospitality industry at substantial levels of performance recovery around the globe with no signs of demand significantly slowing. So, with rising inflation, record-high travel prices, flight disruptions and short-staffed hotels, why are people still traveling? This piece from STR provides some answers based on consumer research of more than 1,000 travelers at the end of November 2022. Rising inflation? No problem, travelers expect to spend more on travel. It appears that travelers are taking rising prices in stride. When asked about their expected spend in five maj...
Despite Economic Uncertainty, Travel Remains a Top Priority
David Millili | November 15, 2022
By David Millili Hospitality and travel industry momentum remains strong as people are unwilling to give up travel and experiences again Despite fears of a probable global recession and the impact of rising interest rates and inflation looming, travel demand is seeing no sign of slowing down. While other industries may see a slowdown, people are reluctant to give up travel and experiences again. The most recent American Travel Sentiment Study indicates that 92% of Americans have travel plans in the next six months, which is among the highest level of travel seen since the beginning of the pandemic. Airports have once again transforme...
