travel disruption
Trends in Hospitality – How the Weather Rules the World
Lionel Saul | February 13, 2023
By Lionel Saul, Tatyana Tsukanova In our first monthly digest of 2023, we look at weather patterns and climate change – the most impactful trends in the travel and hospitality industry capable of causing unexpected shifts in our carefully crafted plans. And, yes, how the weather is impacting us was the hottest topic during this latest winter holiday season. Industry insights Summer in winter, disrupted vacations and skiing without snow The tourism and hospitality industry is a weather-sensitive industry and, as a result, the weather has the potential to shape the attractiveness of destinations. We all agree that, ideally, we expec...
Travel Disruption and Increasing Financial Barriers Stall Consumer Sentiment, but Wanderlust Remains
STR | August 18, 2022
Debate continues on the extent to which global tourism recovery will be impinged by increasing inflationary pressures and potential travel disruption. Thus far, any potential impact has not been visible in the hospitality sector. The STR Market Recovery Monitor, based on data for the week ending 30 July 2022, showed that more than 90% of North American markets and around 80% of global markets were achieving revenue per available room (RevPAR) that was 80% or above 2019 levels when adjusted for inflation. However, the expected seasonal slowing of peak leisure demand season is beginning and intersecting with significant macroeconomic hea...
