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How hotels are gearing up for summer travel - Fox Business
Hotels catered to leisure travelers are better positioned to take on summer travel traffic
As leisure travel begins to pick up, major hotel brands are positioning themselves and aiming to win back travelers from home-sharing rivals like Airbnb
Operating in the new normal means that hotels might face more competition to alternative lodging options that can offer more attractive costs worth the value. While hotels are still mostly empty with occupancy nearing 37 percent the week ending May 30, a 43 percent drop from a year ago, according to data and consulting firm STR, Airbnb is already seeing a surge in growth. From May 17 to June 6, there were more nights booked for travel to Airbnb listings in the U.S. than during the same time period in 2019.
Recovery on a global scale is underscored by Airbnb’s demand in the first weekend of June, as it saw year-over-year growth in gross booking value, excluding cancellations or alterations, for all reservations made around the world for the first time since February.
Hotels catered to leisure travelers are better positioned to take on summer travel traffic
As leisure travel begins to pick up, major hotel brands are positioning themselves and aiming to win back travelers from home-sharing rivals like Airbnb
Operating in the new normal means that hotels might face more competition to alternative lodging options that can offer more attractive costs worth the value. While hotels are still mostly empty with occupancy nearing 37 percent the week ending May 30, a 43 percent drop from a year ago, according to data and consulting firm STR, Airbnb is already seeing a surge in growth. From May 17 to June 6, there were more nights booked for travel to Airbnb listings in the U.S. than during the same time period in 2019.
Recovery on a global scale is underscored by Airbnb’s demand in the first weekend of June, as it saw year-over-year growth in gross booking value, excluding cancellations or alterations, for all reservations made around the world for the first time since February.