Travel Week in Review – January 26th, 2024

New CoStar data shows 2023 RevPAR up almost 5%; pipeline data for December shows confidence with increases in planning stages. CoStar released new data on full-year 2023 U.S. hotel performance and pipeline status that revealed record results for ADR and RevPAR and a December increase in planning stage activity for development. The U.S. hotel industry posted its highest ADR and RevPAR on record in 2023 with occupancy hitting 63%, up 0.6% versus 2022; ADR up 4.3% over 2022 at $155.62. Read More…

U.S. domestic business travel volume is projected to remain below pre-pandemic levels until 2026, while total business travel spending—both domestic and international—is not forecast to recover before 2028, according to a forecast released Wednesday by the U.S. Travel Association and prepared by Tourism Economics. U.S. Travel projects business travel volume and spend each to continue to grow year over year through 2027, the last year of the forecast, but at a declining rate each year. Read More…

Though still “well behind” where it should be relative to gross domestic product growth, corporate travel in the first few weeks of January took a “nice step up,” United Airlines chief commercial officer Andrew Nocella said on a Tuesday fourth-quarter earnings call. “Quarter four was OK. It wasn’t spectacular in any way,” Nocella said. Read More…

Passengers who are traveling on one major U.S. airline in 2024 have a new reality to consider. On American Airlines  (AAL) – Get Free Report, flyers are going to want to look a little more closely at how they are booking tickets.” A new policy goes into effect on Jan. 29 regarding delays and cancellations. And you may well want to be sure you are a part of the carrier’s loyalty program. “Facing unexpected delays or cancellations on your next American Airlines flight?” asked Gary Leff of View From the Wing. Read More…

Don’t rent a car if you’re going to stay at a major capital, it’s not worth it, it’s much better to use public transport and get an occasional Uber.” Users delve into the logistical challenges of driving on narrow streets and finding parking in busy areas, sharing their experiences to dissuade fellow travelers from renting cars. Transit is usually very efficient and cost-effective across much of Western Europe. “Watch out for pickpockets in Western Europe. Read More…