Using first quarter ticketing data from the Airlines Reporting Corp. (ARC), publicly available travel data and GBTAs economic research and models, GBTA developed an uncertainty forecast for 2017 showing the impact this mounting geopolitical uncertainty is having on the economy. There is no question that uncertainty is bad for business travel and bad for the global economy.
Orlando and New York are the No. 1 and No. 2 most-searched destinations, respectively, for Memorial Day weekend getaways
While the U.S. hotel industry reported flat year-over-year occupancy performance during the week of 14-20 May, ADR rose 1.5% to $127.91 and RevPAR increased 1.5% to $90.26.
The new Catella Market Tracker, The European Hotel Market, shows a clear shift in the structure of hotels in recent years the budget and luxury segments are the two winners from this development. In 2016, approximately EUR 17.8 billion was invested in the hotel asset class, and growth is expected in almost all European countries, especially Spain, Germany, Austria, Ireland and Sweden.