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The International Air Transport Association (IATA) released February 2020 data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs*), decreased by 1.4% compared to the same period in 2019.
Shifting from Reaction to Action
There is no such thing as a post-COVID-19 world. Already, the pandemic has impacted how we will live, work and travel long after the threat has passed. CEO Clayton Reid looks beyond the crisis to project how traveler behavior will shift, and how brands can leverage both short-term marketing strategies and long-term planning.
he coronavirus (COVID-19) pandemic is having a profound impact on the hospitality industry, as travel restrictions, limits on large gatherings, the closure of restaurants and bars and, perhaps most influential, fear of the virus, have brought travel – and most other aspects of hospitality – to a virtual halt.
As the situation surrounding the COVID-19 outbreak continues to evolve, STR are dedicated to keeping you up-to-date with the hotel industry data and analysis most relevant to your region. STR has several upcoming regional COVID-19 webinars now open for registration:
A new analysis released Tuesday by the U.S. Travel Association projects that decreased travel due to coronavirus will inflict an $809 billion total hit on the U.S. economy and eliminate 4.6 million travel-related American jobs this year.
Proprietary Ranking System Reveals the Best Destinations for the World's Largest Events; Las Vegas, Orlando, Atlanta, Frankfurt and Shenzhen Among the Top-Ranked
Planners Point to Growing Priorities of Service Delivery and Value, Over-Reliance on Technology, Creative Meeting Environments, Demand for Curated Experiences
While unfortunate, slumps and crises do happen in the travel industry, often with severe consequences. Low occupancy rates, loss of revenue and even motivation are all real effects that can impact your hotel business. We know that trying to see the positive in each negative situation is not always realistic, however, there are certain strategies that can help you keep your head above the water even in the midst of a crisis as serious as the Coronavirus (COVID-19) outbreak.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in cargo tonne kilometers (CTKs), decreased by 3.3% in January 2020, compared to the same period in 2019.