News from
GBTA Insights: Canada's Business Travel Sector's 2025 Outlook Marred by Market Instability
2025-05-01 21:29:23| Hotel Resource
Canadian business travel spending surpassed pre&pandemic levels in 2024, growing by 15% year&over&year, but market uncertainty tempers the outlook for 2025, according to insights presented at the 2025 Global Business Travel Association (GBTA) Canada Conference.
Category:
Hospitality
LATEST NEWS
Resilient U.S. Hotels Show Strong RevPAR Growth Amidst Economic Challenges
2025-05-01 21:22:46| Hotel Resource
Despite economic and geopolitical uncertainty, the U.S. hotel market saw a 0.4% year&over&year increase in occupancy rate in Q1, driven by a 1.0% growth in demand, per CBRE's Q1 analysis.
Category:
Hospitality
Barclays Report Highlights Increased Dependence on Travel Rewards Programs
2025-05-01 19:53:26| Hotel Resource
The Barclays 2025 Travel Rewards and Loyalty Report reveals that nearly 80% of travelers rely on loyalty programs, with Millennials leading the way. The trend of selecting travel destinations from favorite TV shows or movies, known as "set&jetting," is also gaining traction.
Category:
Hospitality