ForwardKeys, the leading travel analytics firm has identified six major trends in global air travel this summer. They are revealed by an analysis of the top destinations and top origin markets compared to last year and to pre-pandemic levels in 2019. The major trends are: • US dominance • Patchy post-pandemic recovery • The Far […]
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Europe’s tourism recovery is maintaining its momentum despite economic headwinds, reaching about 95% of 2019 levels of international tourist arrivals. Though inflation and increased travel costs are squeezing consumers’ wallets, travel spending is still prioritised over other discretionary expenses. The latest data available shows that one-quarter of reporting European destinations have surpassed pre-pandemic levels of […]
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After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market-level, New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. […]
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New research from ForwardKeys, which has the freshest and most comprehensive air ticketing data available, reveals that flight bookings to the USA have soared following two announcements that the destination would reopen to vaccinated foreign travellers in November. By mid-October, weekly bookings exceeded 70% of pre-pandemic levels. The first announcement was made on 20th September, […]
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The Centers for Disease Control and Prevention (CDC) is expanding the requirement for a negative COVID-19 test to all air passengers entering the United States. Testing before and after travel is a critical layer to slow the introduction and spread of COVID-19. This strategy is consistent with the current phase of the pandemic and more […]
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U.S. hotel profitability fell back to levels seen during earlier months of the pandemic, and year-over-year declines worsened from the previous month, according to STR ‘s November monthly P&L data release. In a year-over-year comparison with November 2019, the industry reported the following: GOPPAR: -97.5% to US$2.13 TRevPAR: -73.5% to US$60.92 EBITDA PAR: -120.2% to […]
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Summer travel inarguably looks different this summer, and the latest report from Expedia sheds light on the emerging priorities and behaviors of Americans looking to get away. Leveraging search and demand data and a national poll of 1,000+ Americans, results from the report include: 85 percent of U.S. travelers are likely to take a road […]
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The Baird/STR Hotel Stock Index fell 5.3% in June to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9%. “Hotel stocks were volatile in June as the broader reopening trade continued into the early part of the month; the Hotel Brand and Hotel REIT Sub-Indices were […]
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Lufthansa resumes service from Munich to the U.S.A. For the first time since March 13, 2020, the airline will operate non-stop flights to and from Los Angeles and Munich. The milestone route will be flown with one of Lufthansa’s most modern, long-haul aircraft – the Airbus A350. Yesterday, the airline also deployed the same jet […]
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Highlighting its continued commitment to hotel owners, team members and guests, Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,300 hotels across 90 countries, launched “Count on Us,” a new long-term, multi-faceted initiative to build confidence among guests and to support franchisees as it begins making preparations to welcome travelers back to […]
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