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Q2 Earnings Indicate a Business Travel Surge and Strong Leisure Trend

Smart Meetings

Hilton and Marriott’s statistics are looking up after revenue per available room (RevPAR) met or exceeded 2019 levels. Hilton CEO Chris Nassetta attributes the growth of business travel, as “bookings for company meetings strengthened each month of the quarter.” Systemwide, it was 14% above 2019 Q2 weekend levels.

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2023 Travel Outlook

Advanced Travel and Tourism

2023 is shaping up to be a great year for travel. Travel foundation predicts an increase in spending compared to 2022, and even when compared to levels in 2019. Travel foundation predicts an increase in spending compared to 2022, and even when compared to levels in 2019.

Travel 205
MICE professionals

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CWT Study: Business Travel Costs Are Still Going Up, Slightly

Smart Meetings

Plus strategies for managing increased business travel costs in 2024 Business travel and event cost are not increasing as steeply as they were in 2022, but they’re still going up, according to 2024 Business Travel Forecast , a new study by CWT and Global Business Travel Association (GBTA). In 2022, air travel saw a 72.2%

Travel 246
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State of In-Person Events: Who’s Booking What, Where & When?

Smart Meetings

Positivity sentiment rose from 30 percent in February to 45 percent in April, and by all accounts those numbers have continued their upward trend in May. Who’s Booking : Hyatt is seeing a huge increase in leads from third-party RFP platforms like Cvent, and site selection companies like HelmsBriscoe. 75 in February to.81 81 in April.

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The Breakdown on International Travel in 2022

Smart Meetings

International travel grew gradually in 2021 after the quarantine of 2019, yet 2022 has seen a huge spike. With more countries opening their borders and lifting Covid restrictions, 2022 international travel has increased exponentially since 2019 and progressing towards pre-pandemic numbers.

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Travel Is Not Going Back To Normal

Smart Meetings

Countries are continuing to relax their previously strict travel policies as Covid is perceived to be relatively under control. With most people vaccinated and fewer reports of positive cases, Covid related mandates in the travel industry have been relaxed. So, the question is—where are the travel trends going in 2023?

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Incentive Travel is Changing; Here’s What You Need to Know

Smart Meetings

The timely strategy session titled “ 2022 Incentive Trends & Wish List ” covered some of the unexpected shifts impacting incentive programs, including a desire to stay home with new pets and hobbies, people moving away from densely populated geographical areas and increased responsibilities of remote workers.