As countries reopen their borders and international air travel resumes, pent-up demand for hard-earned vacations is driving new luxury travel trends.
More than 9 in 10 restaurant operators experienced supply delays or shortages of key food or beverage items in recent months.
The average U.S. domestic air fare increased in the second quarter of 2021 to $300, up 12.6% from the first quarter 2021 inflation-adjusted fare of $266. The second quarter 2021 fare increased as passenger travel increased significantly.
Occupancy: 61.6% (-8.2%) – Average daily rate (ADR): US$133.11 (+1.0%) – Revenue per available room (RevPAR): US$82.04 (-7.3%)
America's real monthly GDP
If you happened to read my pre-event blog post, then you already know about my excitement to attend Phillip R. Maltins presentation about Solving the Mystery of Employment Law: Techniques for Controlling the Workforce and Staying out of Court. Well, it did not disappoint. I walked out of Mr. Maltins presentation with a better understanding of employment law, and Im certain that I was not the only one.
Still 9.2% Behind Pre-Pandemic August 2019
Four in five operators said their restaurant experienced a decline in customer demand for indoor on-premises dining due to the delta variant.
After a difficult winter, Brazils hotel occupancy is once again on the rise, reaching 44% in August 2021, or about 74% of the 2019 comparable.
Two of the four world regions, Europe and Asia Pacific, showed an increase in hotel pipeline activity at the end of the third quarter, according to September 2021 data from STR.