Led by millennials, some 88 million Americans plan to take family vacations this year. According to the latest research from AAA Travel, 44 percent of millennials are planning a family getaway, more than members of Generation X (39 percent) or baby boomers (32 percent).
Brazil reported a 10.2% year-over-year occupancy increase in January, the highest occupancy increase for any month in the country in nearly seven years.
London reported hotel occupancy decreased 0.4% to 77.3% in February, according to preliminary data from STR. ADR rose 1.2% to 133.84 ($185.96) and RevPAR increased 0.8% to 103.48 ($143.78).
Airfare prices are slowly climbing in markets with the strongest demand, according to BCD Travels midyear update to the 2018 Industry Forecast. Meanwhile, the outlook for global hotel rates in 2018 remains unchanged with a 2-4% increase predicted over last year.