This week in Hospitality & Tourism #45 2022

Recovery of Business Travel Inconsistent Across US

While group travel demand is showing clear signs of recovery, hoteliers across the U.S. are less positive about the health of business travel. As business from corporate accounts typically slows down in the fourth quarter, many hoteliers are now looking to the first quarter of 2023 for an improved mix of sales.

Convenience is Top Priority for Passengers Post Pandemic

The International Air Transport Association (IATA) announced the results of its 2022 Global Passenger Survey (GPS), showing that travelers top concerns for travel in the post-COVID crisis period are focused on simplification and convenience.

Passengers want convenience when they plan their travel and when choosing where to depart from. Their preference is to fly from an airport close to home, have all booking options and services available in one single place, pay with their preferred payment method and easily offset their carbon emissions.

STR: U.S. hotel results for week ending 5 November

As expected due to the Halloween calendar shift, U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019, according to STR‘s latest data through 5 November.

• While none of the Top 25 Markets showed an occupancy increase over 2019, Tampa came closest to its pre-pandemic comparable (-1.0% to 72.4%).
• Miami posted the largest ADR increase over 2019 (+37.9% to US$249.69).
• The steepest RevPAR declines were in San Francisco (-32.8% to US$143.60) and Washington, D.C. (-23.3% to US$110.09).

30 October - 5 November 2022 (percentage change from comparable week in 2019):

• Occupancy: 62.4% (-9.2%)
• Average daily rate (ADR): US$147.48 (+11.4%)
• Revenue per available room (RevPAR): US$91.99 (+1.1%)