Business Travel by the Numbers

Following September and October demand levels that slightly exceeded projections, STR and Tourism Economics boosted their forecast of U.S. 2020 hotel performance, but warned at least the first half of 2021 will be rough for the industry, with a full recovery to pre-Covid levels of revenue per available room not expected until 2024. Meanwhile, the International Air Transport Association found little reason for optimism in its September air passenger data.

MEETINGS

American Express Meetings & Events in its annual forecast of upcoming meetings activity projected 2021 meetings spending would slide even further year over year on both an overall and a per-attendee basis, based in part on an August-September worldwide survey of 560 meeting and event professionals. Meanwhile, Hertz Corp. in a U.S. Securities and Exchange Commission filing detailed its U.S. market share as well as that of its competitors.