Hyatt Hotels Corporation’s Post

The summer travel season is set to heat up and many consumers want luxurious resort stays. Hyatt Hotels Corporation’s leisure travel bookings for July 4 are up 25% year over year at resort properties in the Americas. Despite inflationary pressures, consumers continue to prioritize leisure travel with the higher-earning demographic still driving growth, according to Hyatt CFO Joan Bottarini. About 50% of the company’s revenue, globally, is leisure-based travel, 20% is business, and about 30% is group travel, Bottarini said. “We’re smaller than our bigger peers,” Bottarini said. “But we’re mighty from a brand recognition perspective.” Read more: https://lnkd.in/gteXN3kF

In this article, PWC shares some interesting insights into 2024 travel trends. “Economic headwinds and geopolitical tensions will likely impact hotel performance through 2024. Leisure demand, while still strong, began to soften in the back half of this year (2023) for US hotels, as other parts of the world continued to reopen their vacation destinations and leisure travelers began to once again feel safe traveling abroad.” Traverse offers technological solutions to help hotel brands drive more business directly, improving overall profitability. Get ahead of potentially challenging trends and contact us today! https://lnkd.in/ghDQJQfh

Bleisure travel is the combination of business and leisure travel, and it’s a growing trend among travellers. In fact, a recent study found that nearly 60% of business trips include at least one day of leisure time. So what does this mean for hoteliers? Well, for starters, it means that there’s a growing market of travellers who are looking for hotels that can accommodate both their business and leisure needs. And secondly, it means that hoteliers need to start thinking about how they can cater to the bleisure traveler. There is a large and growing market for bleisure travel. In fact, research suggests that the bleisure travel market will be worth 497 billion by 2022. what are the ways can hotels of the future contribute to this growing phenomena of Bleisure? Write below!

In this article, PWC shares some interesting insights into 2024 travel trends. “Economic headwinds and geopolitical tensions will likely impact hotel performance through 2024. Leisure demand, while still strong, began to soften in the back half of this year (2023) for US hotels, as other parts of the world continued to reopen their vacation destinations and leisure travelers began to once again feel safe traveling abroad.” In addition, we know, historically, occupancy tends to soften during election years. Suiteness specializes in driving sales for higher end suites and connecting room products, which can help build RevPAR and occupancy stability for our hotel partners. https://lnkd.in/ghDQJQfh

Growth in leisure demand has moderated for US hotels. Domestic travelers have continued to seek out experiences internationally and inbound international traffic has yet to recover to pre-pandemic levels. An increased appeal of short-term rentals by leisure travelers has contributed to moderating leisure demand for hotels. Individual business travel and group demand have continued to improve but have still not been able to offset the softening of leisure demand. As a result, occupancy levels have declined year-over-year in each of the past four quarters but are expected to gradually improve through the balance of this year and at least the first half of 2025. Room rate growth played a significant role in the initial recovery for US hotels but began to dampen during the last three quarters of 2023 and continued through Q1 2024. You can find more information in these two links. https://lnkd.in/gFJCftt8 https://lnkd.in/gr9gn3jv

The hotel industry is the heartbeat of travel! Offering a home away from home, hotels are crucial in providing comfort and convenience to travelers. Whether business trips or leisure vacations, hotels ensure a seamless travel experience. They're not just places to stay; they're where travel memories are made, and journeys are enriched. The hotel industry is intrinsically linked to the travel industry, serving as a fundamental pillar. Hotels not only provide essential accommodations for travelers, but they also enhance the overall travel experience. This symbiosis is mutually beneficial: as travel increases, so does the demand for hotel accommodations, driving growth in the hotel industry. Conversely, a thriving hotel sector with diverse and quality offerings can attract more travelers, boosting the travel industry. Both industries work hand in hand, each contributing to the success and expansion of the other. To know more about how can help you buy and sell hotel properties in the U.S., visit https://lnkd.in/gb_qCicT #travel #tourism #travelsector #hotelsector #SinghCommercialGroup #KWCommercial #hotelbroker #US

Great news for the hospitality industry! Recent trends indicate positive signs for leisure, group, and international travel in the U.S. As we continue to navigate the recovery, these trends offer a hopeful outlook for hoteliers and travel planners alike. Dive into the full article to explore the latest insights: US Hotel Demand Trends Show Positive Signs for Leisure, Group, and International Travel.

Whilst professionalizing vendor management in destination management activities has come a long way, determining the best pricing models remains a key priority for safeguarding margins and unlocking growth. Check out this insightful blog post from Simon Kucher that highlights the overall importance of smart pricing models in the leisure travel and tourism industry. #pricingmodels #destinationmanagement #tourismindustry #smartpricing #growthunlocking

Business travel and Leisure travel is on the RISE 🛩 , and there is an opportunity to REDUCE your #carbonfootprint by arranging longer stays and fewer trips. Did you know you can contribute to the sustainability efforts of your company, country, etc by booking longer business travel stays and reducing the number flights you take during the year? Why not stay in #furnishedapartments!?! #sustanability #shorttermrentals #businesstravel #fact

Elevate Your Travel Experience Why settle for a generic vacation when you have unique tastes and preferences? Booking through sites like Expedia and Booking.com limits you to what they showcase. What if the perfect resort or hotel isn’t promoted? At Quezada Luxury Travel, we bypass generic options. By getting to know you personally, we tailor recommendations for hotels, resorts, tours, experiences, and even destinations to fit your unique desires. When clients switch from generic online bookings to our bespoke travel planning, the difference is remarkable: They savor their travels more. They feel truly special and well cared for. Every trip becomes unforgettable. This is how travel should be. I’m here to elevate your next adventure! #QuezadaLuxuryTravel #LuxuryTravelPlanning #TravelExpert #BespokeVacation #PersonalizedTravel #TravelWithPurpose #CustomizedExperiences #BeyondOrdinary #VacationsBeyondExpectations