Goodbye double-digit growth? Hotel prices soared post-pandemic, but with inflation cooling and travel normalizing, 2024 poses the question: Can pricing strength hold? We think so.
Good news for travelers, bad news for hotel owners. The U.S. hotel industry is seeing a (modest) decline in room rates after a recent dramatic run-up in prices.
The travel industry faces several challenges entering the new year, and here's a list of the biggest ones it faces on its ongoing road to a full recovery.
Global travel softened due to the seasonality of demand. In October 2023, the Skift Travel Health Index dipped to 103. Europe was impacted the most due to reduced pent-up demand and economic concerns. Despite China's Golden Week holiday, the travel recovery in the country remained sluggish.
Travel is booming this summer despite flights and hotels becoming pricier for many consumers, and here's a look at a few reasons why trips aren't getting cheaper.
Inflation no longer seems to be a major hurdle for Americans eager to travel, but flight delays and disruptions that plagued airlines last summer could once again make Fourth of July travel difficult for millions of people.