A new report shows that while business travel is still down from pre-pandemic totals, transient and group business travel have shown growth in 2023.
According to STR, lodging data confirms the accelerated recovery of business and group travel, with the hotel industry finishing September strong with room demand the second-highest ever for the month.
Weekday occupancy has also increased, particularly in the top 25 largest hotel markets in the United States, especially San Francisco, which posted the highest weekday occupancy in the last week of September at nearly 90 percent.
“Group bookings are booming at this point,” Hyatt CEO Mark Hoplamazian said. “That’s happening in so many companies. The power of human connection cannot be underestimated. Human-to-human connections makes creativity work, it elevates the human spirit. That will sustain travel.”
While 2022 totals were still 29 percent below 2019 levels, group occupancy data is now approaching pre-pandemic demand levels and there are expectations that it will reach 2019 levels this fall.
The STR research found several major trends, including a slow but steady recovery, small- and medium-sized companies are leading the way, a boost in business travel from employees returning to the office and the continued growth of bleisure travel.
Last week, American Airlines announced the introduction of a new business loyalty program, dubbed AAdvantage Business. As part of the program, eligible companies and their travelers will earn miles and additional Loyalty Points for booking business travel on the carrier’s official website or app.
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Looking for an interesting gift idea for your favorite frequent traveler? Or sometimes, you just need that extra stocking stuffer for a friend or family member. Whether they work for an airline, travel for work or just like to explore the world, these are some of the most creative goodies you can gift this holiday season to those globetrotters in your life.
The U.S. Travel Association has eliminated the positions of six employees as it restructures the organization, according to an internal memo obtained by Skift and confirmed by the association.
American Express Global Business Travel says its push to make it easier for small businesses to manage their travel needs has paid off. The company reported double-digit transaction growth in the small- and medium-sized business segment in the third quarter.
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Demand and confidence in travel continue to reach pre-pandemic levels, and the industry took another significant step forward on Thursday night with the 2023 edition of the Travvy Awards.
Hyatt Hotels Corp. and Parks Hospitality Holdings are collaborating to expand the brand’s footprint in Mexico with four new properties in key destinations, including Mexico City, Los Cabos, and Cancun.
Daylight savings time has ended, marking the inescapable approach of the winter months. Some look forward to snowy days and a chill in the air, while others start searching for a way to wait them out in sunnier climes.
Trips taken by education consultants and technology providers serving colleges and universities led business travel this year between the U.S., Australia, and New Zealand.
The value of inbound visitors to Europe has returned to pre-pandemic levels with domestic tourism in the region also back in positive territory, reveals new research from WTM.
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