A strong economy, rising global consumer purchasing power, and digital innovation have all fueled record growth in the travel and hospitality industry. But there are still several challenges that could throw the industry off course in 2019. What are the biggest trends likely to shape hospitality, airlines, cruises, and ground transportation in the year ahead?
STRs preliminary January 2019 data for hotels in Sydney indicates lower occupancy and room rates influenced by supply growth.
During the week of 27 January to 2 February, U.S. hotel occupancy was mostly flat (+0.1% to 56.7%), but a 2.3% ADR increase to $124.95 drove RevPAR up 2.4% to $70.83.
Canadian hotel occupancy rose 1.8% to 56.6% during the week ending 2 February, while a 2.1% ADR increase to 147.29 Canadian dollars ($111.06) drove RevPAR up 3.9% to CA$83.35 ($62.85).