Category Archives: Trends

US Hotels See Strongest Demand Since 2015

Hotels & ResortsNewsTrends

During the year’s first three months, consumer confidence drove demand for lodging at the strongest quarterly rate since 2015, reports PricewaterhouseCoopers (PwC). Both occupancy and the average daily room rate saw modest growth, and revenue-per-available room increased 3.4 percent. Reinforced by rising employment, higher real income and increased household net worth, consumer confidence and sentiment…

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Category Archives: Trends

Meetings Hit Hardest as US Travel Industry Set to Lose $1.3 Billion in 2017

NewsTravelTrends

Since the announcement of President Donald Trump’s first travel ban in February, travel leaders have warned against its potential impact on the industry. One week after the executive order was signed, Global Business Travel Association (GBTA) reported that the travel ban caused the United States to lose $185 million in bookings in one week. Although…

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Category Archives: Trends

Category Archives: Trends

Hotel Building Buoyed National Economic Outlook in April

Hotels & ResortsNewsTrends

Westin Irving Convention Center Las Colinas Hotel Hotel construction groundbreaking ceremonies were bright spots in the April building report from Dodge Data & Analytics released May 19. Hotel construction starts rose 5 percent from the previous month, according to the report. Dodge specifically called out the $106 million hotel portion of One Beverly Hills, a mixed-used…

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Category Archives: Trends

luxury travel on rise

Luxury Travel Keeps on Rising

NewsTravelTrends

Luxury travel has been doing quite well in recent years. In 2016, the industry experienced a record-breaking 32 percent growth rate. Travel Experts Inc., a host agency for independent luxury travel agents, now predicts a continuing climb throughout 2017. In fact, the company’s luxury travel agents have already reported a 58 percent increase since 2016…

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Category Archives: Trends

ICCA Names Top 20 Association Meeting Cities

Meeting PlanningTrends

ICCA, the International Congress and Convention Association, has released its annual rankings of top meeting cities and countries, and there have been quite of a few shake-ups among the top 10 meeting destinations. Top Meeting Cities Paris has landed at the top spot with 196 meetings, one more than No. 1 Berlin reported last year….

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Category Archives: Trends

2017 Meetings Industry Trends Reveal Sunny Outlook

Meeting PlanningTrends

Meeting Professionals International (MPI) has released its quarterly Meetings Outlook report. The report presents trends and predictions that MPI members believe will have a major impact on the meetings industry. In the Spring 2017 edition, meeting planners are optimistic about increased budgets, meeting space availability and attendance. Here are key highlights from the report: 1….

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Category Archives: Trends

Meetings Diversity Undergoes a Renovation

Meeting PlanningTrends

New trends and challenges are emerging in the meetings industry Minority groups naturally come together to resist and mingle, and in so doing need a venue to congregate and discuss, to celebrate and bond. For some time now, the meetings and hospitality industry has provided a variety of safe, encouraging spaces for those who identify…

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Category Archives: Trends

Home Sharing Gains Ground, but Business Travel Pros Remain Cautious

NewsTravelTrends

Travel professionals are not exactly embracing home-sharing properties, but they aren’t rejecting them outright, either. A recent study conducted by Global Business Travel Association (GBTA) of Alexandria, Virginia, found that businesses are paying close attention to the use of home-sharing properties for employee travel. The study, “Home-Sharing and Travel Policies—A Shifting Landscape,” found one out…

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Category Archives: Trends

Navigating an Unsettled Landscape: Financial and Insurance Meetings

Meeting PlanningTrends

Regulations and attitudes are changing within the financial and insurance industry As followers of the stock market can attest, business optimism has rocketed in the six months since the U.S. presidential election. Fueling the rise, the Trump administration wants to enact changes in corporate regulation, taxes and tariffs. Those changes would have a major impact…

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