Performance

Tale of Two Travel Markets: High-End Hotel Segments See Steady Guest Satisfaction Improvement, While More Affordable Hotel Segments Post Declines, J.D. Power Finds

With an average daily rate (ADR) for a U.S. hotel room of $158.45 in May 2024—the second-highest month ever behind $159.01 in October 20231—virtually every traveler in every hotel price bracket is paying more for a hotel room. According to the J.D. ...

J.D. Power
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Markets & Performance
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Guest Experience
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Tale of Two Travel Markets: High-End Hotel Segments See Steady Guest Satisfaction Improvement, While More Affordable Hotel Segments Post Declines, J.D. Power Finds17 July 2024J.D. PowerMarkets & Performance
Tale of Two Travel Markets: High-End Hotel Segments See Steady Guest Satisfaction Improvement, While More Affordable Hotel Segments Post Declines, J.D. Power Finds
Performance

Philippines’ Travel & Tourism Sector Set for Historic Year

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Travel & Tourism in the Philippines, with its economic contribution, job numbers, and visitor spending all set to reach new highs.

World Travel & Tourism Council (WTTC)
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Markets & Performance
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National & International Policy
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Philippines’ Travel & Tourism Sector Set for Historic Year15 July 2024WTTCMarkets & Performance
Philippines’ Travel & Tourism Sector Set for Historic Year
Opinion

U.S. Hotel Industry Midyear Review: Market Trends, Inflation Impact, and Future Outlook for 2024

A midyear snapshot of performance in the top 65 markets in the US indicates that on a trailing 12-month basis through May, RevPAR is up slightly year over year (due to slight increases in both occupancy and ADR) and this is largely driven by increas...

Tommy Crozier
Tommy Crozier
Head of Hotels Valuation & Advisory - U.S.
CBRE Hotels
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Real Estate & Investment
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Markets & Performance
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Tommy Crozier
by Tommy Crozier and Tim Dick
12 July 2024CBRE HotelsMarkets & Performance
CBRE Hotels
Performance

Travel Prices Decline, Lead the Way for Overall Economy

Thursday’s Consumer Price Index (CPI) release for June reveals an encouraging trend: Inflation is easing across the board—and travel-related goods and services are at the forefront. For the second month in a row, prices throughout the travel sector ...

U.S. Travel Association (USTA)
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Markets & Performance
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National & International Policy
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Travel Prices Decline, Lead the Way for Overall Economy12 July 2024U.S. Travel AssociationMarkets & Performance
Travel Prices Decline, Lead the Way for Overall Economy
Performance

Japan’s Travel & Tourism Sector to Surpass Previous Records in 2024

The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Japan’s Travel & Tourism sector, with its economic contribution, job numbers, and visitor spending, all set to reach historic levels.

World Travel & Tourism Council (WTTC)
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Markets & Performance
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National & International Policy
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Japan’s Travel & Tourism Sector to Surpass Previous Records in 202412 July 2024WTTCMarkets & Performance
Japan’s Travel & Tourism Sector to Surpass Previous Records in 2024