Read on for executive insights and data-driven reporting on topics that include the future of personalization, the mobile payments transformation, Europe’s new General Data Protection Regulation, and the problem with digital assistants.
Travel to and within the U.S. grew 3.6 percent year-over-year in April, according to the U.S. Travel Association’s latest Travel Trends Index (TTI) – marking the industry’s 100th straight month of overall expansion. Though the raw numbers are in positive territory, the U.S. continues to trail other global travel heavyweights in capturing share of the booming international travel market.
The most noteworthy component of the April TTI was domestic business travel, which grew for a fourth consecutive month—the first four-month win streak for that segment since January-April 2015. Forward-looking bookings and searches for business travel appear to be on an upswing as well, leading to a strong business Leading Travel Index (LTI)—the forecasting portion of TTI.
In conjunction with the 2018 NYU Hospitality Investment Conference, CBRE Hotels’ Americas Research has prepared a “Fact Sheet’ that highlights our current outlook for the U.S. lodging industry.
Two studies focusing on trip extras show how timing matters when hoteliers offer ancillary products
A new white paper titled Business Travelers and their Demand for Ancillary Services, commissioned by iSeatz, a technology company providing ancillary booking solutions, and researched by Phocuswright, shows that timing around offering ancillaries matters just as much as what ancillaries the hotels are offering. The research, along with an earlier study focused on leisure travelers, reveals that although the types of trip extras in which leisure and business travelers are interested may differ, the ways these travelers are willing to engage with this content are extremely similar.
This white paper is the companion piece to Hotel Ancillaries: An Unexplored Opportunity which focused on the leisure traveler’s interest in ancillary products.
Sara Dolnicar, closing keynote speaker at #TTRA2018, authored a book on Peer-to-Peer Accommodation Networks that is available to all.
Peer-to-peer accommodation networks are pushing boundaries we did not even know existed. These networks have rocked the established accommodation sector, dramatically increasing the variety of accommodation options available to people around the world.
This is the first book to provide an in-depth analysis of the business model of Airbnb, to discuss factors facilitating the transition of peer-to-peer networks from niche market to mainstream accommodation providers, and to predict that the next step of development for peer-to-peer accommodation networks will be to become online one-stop travel shops. Many other hot topics around peer-to-peer accommodation are discussed.
Download the OA version at www.goodfellowpublishers.com/peertopeer
You may have read the recent article in Skift about the Zip codes that buy the most travel. ADARA worked with Skift to supply the analysis for the article from our data co-op of more than 200 top travel brands.
We looked at purchases made between October 2017 and April 2018 and uncovered some interesting insights.