European Hotels Showcase Diverse Performance in September 2024
Across Europe, the hospitality industry posted moderate growth in Average Daily Rates (+1.8%), and Revenue per Available Room (+1.2%), despite slight fluctuations in certain segments.
the source for hotel and hospitality trends
Across Europe, the hospitality industry posted moderate growth in Average Daily Rates (+1.8%), and Revenue per Available Room (+1.2%), despite slight fluctuations in certain segments.
The rise of autonomous vehicles and shared mobility are among the top trends driving the future of transportation.
This marks the 14th consecutive month of growth. The capacity, measured in available cargo tonne-kilometers (ACTKs), also increased by 6.4% compared to the same period in 2023.
The International Air Transport Association (IATA) reports that global passenger demand hit a new record high in September 2024, up 7.1% from the previous year.
By 2040, technology will significantly transform the travel industry, with virtual reality and AI playing a crucial role in enhancing customer experience.
The Pacific Asia Travel Association (PATA) has released its Annual Tourism Report 2024, highlighting a solid recovery in international visitor arrivals (IVAs) throughout the Asia Pacific region post-pandemic. The report indicates that tourism numbers in 2023 nearly doubled from those in 2022, and this upward trend continues into 2024.
This article explains how to market hotel stays as ideal experiential gifts to increase holiday bookings and off-season occupancy rates.
The U.S. hotel industry experienced a 2.5% decrease in occupancy and a 1.3% drop in Revenue per Available Room (RevPAR) in September 2024 compared to the same month in 2023.
The Latin American hospitality industry is experiencing significant growth, with hotel construction in the region expanding by more than 10% annually, according to the Q3 2024 Latin America Construction Pipeline Trend report by Lodging Econometrics
Distinct travel personalities emerge between American and Canadian travelers, with differing spending habits, travel preferences, and sources of travel information.