the source for hotel and hospitality trends
Outbound tourism from South Korea is not forecast to surpass pre-pandemic levels until 2024, when departures are projected to reach 29.6 million. However, South Korea is forecast one of the highest growth periods from 2020–2025 in the Asia-Pacific (APAC) region, with a compound annual growth rate (CAGR) of 40% and 30.2 million traveling outbound by 2025.
U.S. hotel industry occupancy soared to its highest level since November 2019, reaching 66.0% for the week ending 12 June 2021. Room demand surpassed 25 million in the week, up 1.6 million week on week, and was 91% of the level recorded in the comparable week from 2019. This is significant given the fact that business travel and group demand remain curtailed.
70% of respondents have travel plans in the next six months, with half wishing to visit another European country – The majority of Europeans surveyed (72%) intend to travel between June and September, while another 16% are eyeing autumn travel – Quarantine requirements and sudden changes of rules remain major concerns for Europeans
While weekday occupancy was still down double digits from the corresponding days in 2019, weekend occupancy was 0.2% (Friday) and 3.2% (Saturday) higher than the 2019 comparables.
Lingering COVID restrictions and a patchwork approach to reopening across the country will prevent the economically crucial business travel segment from recovering until at least 2024, according to a Tourism Economics analysis released Tuesday by the U.S. Travel Association.
On 17 May, the Kingdom of Saudi Arabia cautiously opened its borders and ended months of strict border controls. While restrictions are still in place depending on source market, traveler vaccination status, and reason for travel, the news was met with much relief both inside and out of the Kingdom.
New data reveals cruise travelers are taking longer trips and want to cruise as soon as possible; Millennials and Gen Z look for a lower price and environmentally-friendly policies
A new survey indicates consumers have yet to get their fill of restaurants, which means the positive sales trajectory has more room to run.
Retail sales remained at elevated levels in May despite month-to-month fluctuations that masked near-record performance, the National Retail Federation said today.
Despite 70% of U.S. consumers feeling pent-up desire to travel again, the majority remain anxious about the cost and safety of traveling