Skip to content

Beaverlodge-London

We Believe in Wicked Travel

Menu
  • Travel & Hotel News
  • Transportation Centre
  • Tourist Information
  • Vacation Packages
  • Travel Recreation
  • Hostelry
Menu

US hotel industry slowly rebounding amid summer travel surge

Posted on August 5, 2021 by sNawaWebs.ADV

Check out what’s clicking on FoxBusiness.com.

With the U.S. travel industry on the rebound amidst the COVID-19 pandemic, customers are slowly returning to hotels. 

Matthias Tillmann, the chief financial officer of travel search website Trivago, said that the company was noticing more users were looking at hotels again. 

LEISURE TRAVEL IS REBOUNDING BUT HOTEL INDUSTRY HAS A LONG ROAD AHEAD, REPORT SAYS

“Last year, we saw a significant shift away from hotels to alternative accommodations,” he told Barron’s. “This year, with a pickup in volume, it has reversed a little bit, so the shift came down, but it’s still above 2019 levels. What we have seen so far this summer is that it’s between 2019 and 2020 levels.”

Part of the reason for this shift is that hotels are more accessible, with more availability than vacation rentals on sites like Airbnb and the Expedia Group-owned Vrbo.

“As volumes come back, we have already seen in some destinations – and particularly in rural and nature destinations – that the alternative accommodations inventory is getting tight,” Tillmann noted. “With more people looking for reservations, they have to go somewhere else. And on the supply side, only the hotels have the capacity to ramp up inventory quickly.”

Ticker Security Last Change Change %
TRVG TRIVAGO N.V. 2.98 +0.07 +2.59%
HLT HILTON WORLDWIDE HOLDINGS, INC. 126.68 +2.13 +1.71%
WH WYNDHAM HOTELS & RESORTS 70.59 +2.26 +3.31%

Tillmann said he believes that while pricing will be a larger factor in where people travel, customers will return to hotels once again.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The publication noted that a rebound was also seen in results from Wyndham Hotels & Resorts and Hilton Worldwide Holdings.

On Monday, hospitality industry news site Hospitality Net said that hotels in smaller and less-traveled markets and locations are recovering the fastest, due to the pandemic’s impact on travel patterns and that travel had begun to rebound in the country’s 25 largest hospitality markets.

Impacted by a summer surge, non-top 25 markets reported occupancy just three percentage points below the same figure in 2019, driving the average daily rate more than $6 above its pre-pandemic level.

A new American Hotel & Lodging Association (AHLA) report showed that leisure travel was on the road to recovery but is still far below pre-pandemic levels due to a lack of business travelers.

CLICK HERE TO READ MORE ON FOX BUSINESS

As a result, AHLA projected that almost 500,000 direct hotel operations jobs lost during the pandemic won’t return by year’s end and room revenue will be down $44 billion this year compared to 2019. 

AHLA said that states and localities are projected to face a more than $20 billion loss in unrealized tax revenues from hotels over the past two years,

FOX Business’ Daniella Genovese contributed to this report.

Recent Posts

  • The Hostelry, Artsy And Inexpensive Stay In Bacolod City
  • Speak to Us
  • Indofest 2020 Dibuka, Perlengkapan Outside Diskon Sampai 60 Persen
  • The Importance of Travel Recreation for Your Health and Wellbeing
  • Contact Information
  • Listings
  • Synthetic Blood Substitutes Market By Key Players, Emerging Trend |Product Type, Application and Region
  • Electric Vehicle Fast Charging System Market Size 2022-2030 : Growth and Analysis By Top Key players

About Us

  • Contact Us
  • Advertise Here
  • Privacy Policy
  • Sitemap

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • September 2021
  • August 2021
  • July 2021

Categories

  • Hostelry
  • Tourist Information
  • Transportation Centre
  • Travel & Hotel News
  • Travel Recreation
  • Vacation Packages

Tag

articles bitcoin blockchain business buzzle Centre city contact Covid crypto cryptocurrency deals Department guide hostelry Hotel Hotels hub Industry information insights Leading Leisure list News open Outdoor packages Parks popular pub rates Recreation room state summer Top tourism tourist Tourists Transportation Travel Vacation visitors Weekly
  • Partner links

  • Visit Now

    Home Improvement
    © 2023 Beaverlodge-London | Powered by Superbs Personal Blog theme
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Cookie settingsACCEPT
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT