The International Air Transport Association (IATA) announced that passenger demand in May (measured in revenue passenger kilometers or RPKs), dropped 91.3% compared to May 2019. This was a mild uptick from the 94% annual decline recorded in April 2020. The improvement was driven by recovery in some domestic markets, most notably China.
Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate fell to 11.1 percent. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic.
Theres more evidence supporting a deep, short recession followed by a long, tough recovery. While lower-income households are spending, higher-income households are saving, leaving markets perplexed.
The survey clearly shows many consumers are uncomfortable visiting retailers, restaurants and hotels, and also that there are specific actions businesses can take now to earn both worker and consumer trust and confidence.
U.S. hotel occupancy decreased 38.7% to 46.2% during the week of 21-27 June. ADR fell 29% to $95.37 and RevPAR dropped 56.5% to $44.03.
Canadian hotel occupancy declined 62.2% to 27.5% during the week of 21-27 June. ADR dipped 35.4% to 114.27 Canadian dollars ($84.09) and RevPAR dropped 75.6% to CA$31.38 ($23.09).
Generation Z Travellers believe that tourism benefits local communities, while also being aware of the personal benefits of travel, such asunderstanding other cultures and building life experiences and self-confidence. These were just two of the findings revealed in the study published by the European Travel Commission (ETC) aimed to understand the travel motivations and the broader world view of Generation Z.
Road Trips, Long Weekends Popular Among Would-Be Travelers, 68% Likely to Stay in a Hotel
Occupancy for the sector increased 83% from April to May, reaching a level of 49.4%. In April, short-term rental occupancy fell to 27%.
ADA website cases continue to be filed against hotels nationwide, but some courts are pushing back against serial plaintiffs. My partner, Marty Orlick, shares the news below from a website case filed in the Northern District of New York.