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US Hotel Pricing Trends: Mixed Fortunes for Tourist Destinations

Revenue Hub

Hotel prices in key American leisure destinations soar, while hoteliers in markets more reliant on business travel and long-distance international tourism are facing tougher times. We will broadly split these into more ‘commercial-focused cities’ and ‘consumer tourism focused cities’ for this analysis.

Pricing 84
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Sustainability: The Next Stop for Spanish Tourism Excellence

Revenue Hub

Tourism is vital to Spain. The country’s natural attractions and cultural assets draw crowds from around the world – making many of its communities reliant on tourism. Pre-pandemic, Spain was the second-largest tourism destination in the world, drawing 84 million visitors in 2019 who brought over €92 billion in revenue.

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WTTC: Consumers shift toward sustainable travel

Hotel Business

A new report by World Travel & Tourism Council (WTTC) and Trip.com Group, together with Deloitte, reveals a heightened appetite for sustainable tourism among consumers, with 69% of travelers actively seeking sustainable travel options. But 2023 is looking even better in terms of travelers’ spend.

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Confidence is returning to the UK’s tourism industry

Hotel Owner

Meanwhile, those who are heading overseas might be gasping at the price of their regular beach-side cocktail, due to a weak pound. In addition, what has been previously coined as ‘blended travel’ – mixing business with leisure and tagging on a few days of sightseeing to a business trip – is seeing a rise.

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Omnitrak: U.S. domestic travel enters Q4 on slow note

Hotel Business

domestic travel demand entered the fourth quarter on a slow note in October, continuing a pullback seen in September. In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 Looking ahead, lower gas prices and AAA’s forecast of a 2.3% in October 2023, well above October 2019 (128.0) index levels.

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SiteMinder: Traveler confidence surges post-pandemic

Hotel Business

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

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Travel Recovery Set to Continue Through to Q4 in Europe

Revenue Hub

The travel sector in Europe is slowly but surely showing signs of recovery in the post-pandemic with Istanbul, Lisbon, and Madrid showing strong results. Travel recovery across Europe is set to continue in Q4 despite all the doom and gloom in the news about inflation, recession, oil prices and the war in Ukraine.