Early June rising and big dip mid June, covid rising.
Booking windows
Summer travel majority 0-21 days out
With week or 3 weeks out less change in Covid - 19
91 days plus, bigger group looking further out
0-21 days is a big opportunity
Summer going to change because of longer summer and different ways they are opening
Tracking search for week over week. Previously more domestic, and recently domestic and international are converging, this is a global view not U.S. only
You can see in the US, domestic is more prevalent. Recently went from 84% to 94%
Trends-
Under age of 35
Less concerned with health and safety
Intercept when booking
People looking to see what is available
A quarter actively shopping
In the early months people were looking at cancelling but that has diminished
People are willing to pay more to get more, because they are uncertain when they will get to travel again.
Travelers are currently dreaming
Looking for unique things destinations can offer,
Smaller destinations, local restrictions, what is the policy doing to keep people safe, and what capacity health care facilities have that travelers could be aware of in the smaller destinations if they get sick.
People want to know what we are doing to keep them safe and clean
Demand is not projected to return until 2023
Revpar is not forecasted to return to 2019 levels until 2024
Unprecedented decline
Travelers need to be financially able, traveling will not put health at risk, follow travel laws, businesses need to know employees will be safe,
Banquets and buffet will have to change
Some market types are better fared, drive markets
Hotels in drive to markets should recover faster
Data indicates that areas like this has already been on the positive trend
International demand 12% this has further moved to domestic
We expect leisure demand will return before meetings demand
Health is the foundations, so if the health is declining again we are potentially on the cusp on a renewed decline and weakness