15 Hospitality Industry Trends for 2022/2023
Nestor Gilbert, FinancesOnline
Keeping an eye out for the latest trends can help you stay on top of industry changes and events that impact how you do business. This hospitality trends report delves into the latest and most significant developments that are reshaping guest experience, tech adoption, and tourism, among others.
Fall Travel Trends Highlight How and Where Americans Will Spend
Laurie Baratti, Travel Pulse
Amidst rising gas prices and inflation, travelers are still seeking out their next vacation spot, although it may look a little different. Cost is certainly a factor, encouraging trips that are closer to home and shorter in duration. Travel within the US is still the more popular choice, although some are seeking adventure overseas, bringing on more international travel.
Global Hotel Occupancy Exceeds Pre-Pandemic Levels in July and August
Anna Ransom, Amadeus Hospitality
According to Amadeus’ in-depth Demand360® business intelligence data, global hotel occupancy has exceeded pre-pandemic levels consistently throughout the summer, being up 3% to 2019. This indicates consistent consumer confidence when it comes to booking travel for future stay dates. Group travel is also strong in Q4 and into 2023, proving that hoteliers can mitigate the potential impact of staff shortages.