The Q3 Outlook projects a challenging U.S. group business market over the next two years, particularly in late 2020 and Q1 of 2021. Hoteliers can draw on these findings as they adjust their group sales and marketing strategies to attract business during a potential slowdown.
Industry Hosts 12.68 Million U.S. Passengers in the Last Year & Generates 421,711 Jobs Domestically
To assess how a change in the federal government per diem rates impact a lodging market, CBRE Hotels Research (CBRE) studied the Cobb County, Georgia market. Cobb County was chosen because in August of 2018 the GSA announced that it had designated Cobb County as new Non-Standard Area (NSA). In turn, the government per diem rate for Cobb Country dropped significantly for fiscal year 2019 which began in October 1, 2018.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 4.5% in September 2019, compared to the same period in 2018. This marks the eleventh consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis in 2008.
Tourist arrivals to the Caribbean increased by a solid 9.7 per cent during the first half of 2019, when compared to the same period last year, the Caribbean Tourism Organization (CTO) revealed today.
This publication provides an overview of current and historical trends in the federal lodging per diem, with a focus on the per diem rates for the top hotel lodging markets, as defined by STR.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.9% in August 2019, compared to the same period in 2018. This marks the tenth consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis in 2008.
Bike-share systems have become a popular method for traveling within a city, and they are rapidly growing in many cities around the world, including New York, Paris, and Shanghai. This rapid growth allows tourists to explore a city on their own, using a communal bike, giving them an essential new way to discover the city.
Hotels have long realized that guest reviews are valuable information that needs to be taken seriously and is indeed quite helpful feedback for improving their offerings. However, this is only the second-best guest feedback there is, after, of course, collecting it face-to-face during the hotel stay.
Airports in Detroit, Portland and Indianapolis Rank Highest in Respective Segments