Will business travel ever completely return?
Consumer sentiment suggests that a full recovery of business travel may never occur. If there is full recovery in terms of volume, the composition of the segment will probably look different.
Market Recovery Monitor - 20 August 2022
For a fourth consecutive week, U.S. room demand declined week on week with occupancy settling at 67.3%, which was 1.2 percentage points lower than the week prior.
Market Recovery Monitor - 27 August 2022
As expected since the end of July, demand is trending down, but the week-on-week decrease for 21-27 August 2022 continued to be less than what was observed in previous years.
U.S. Hotels – July 2022 Commentary
Monthly occupancy reached 70% for the first time in the pandemic-era. But lack of midweek business demand remains a drag on demand (and thus occupancy) recovery.
STR/TE Market Forecast Assumptions – August 2022
Analysis behind the latest hotel market forecasts from STR and Tourism Economics is available.
Accommodation preferences: Where do travelers’ loyalties lie?
While hotel demand has risen, consumer sentiment toward the traditional form of accommodation has slipped in recent months. With the hotel sector, full-service properties remain the top preference.
Market Recovery Monitor - 3 September 2022
The Friday and Saturday of Labor Day weekend produced an all-time demand record for those two days. The previous high came last year.
More global markets above pre-pandemic occupancy levels, highest RevPAR in Mediterranean-facing countries
A new edition of STR’s global bubble charts shows stronger recovery around much of the world, with the highest overall levels in the Mediterranean.
Value of travel increasing in importance, while spending remains resilient
Pricing value and deals are becoming more important to consumers, but the overall travel spending outlook looks stable, according to our latest research.
Market Recovery Monitor - 10 September 2022
Based on the latest week of data (4-10 September 2022), and accounting for a holiday calendar shift, the 3-day Labor Day weekend (Friday – Sunday) in the U.S. was the second best behind 2021.
Special Report for the 2022 Independent Hotel Show
Through its strong, ongoing partnership with the Independent Hotel Show, STR is pleased to provide this special report. Read now for insights into Independent vs. Branded hotel performance indicators in the UK, customer segmentation, forward bookings and forecasts. ...
Market Recovery Monitor - 17 September 2022
Groups and business travel provided a post-Labor Day boost in the U.S. with Monday-Wednesday occupancy reaching 69.9% nationally and 75.5% in the Top 25 Markets. The latter was the second highest level of the pandemic-era.