For the week ending August 15, the US hotel occupancy finally went above 50% for the first time since the pandemic began. That being said, the occupancy rate of growth continued to trail that of China and Europe. That is to say that China and Europe are recovering at a faster pace than the US--we are all on the same road to recovery, the US is just not hitting the accelerator as much.
A recent study by The Center for Hospitality Research at Cornell University constitutes one of the first pieces of empirical research on the effect social media has on hotel purchasing decisions by different market segments. The report titled How Travelers use Online and Social Media Channels to Make Hotel-choice Decisions takes a snapshot of the rapidly changing field of how consumers gather information and make their decisions regarding travel purchases, based on responses of 2,830 recent travelers. This report is particularly helpful in that it gathered findings based on the guest's market segment and reports how a channels importance varies according to the stage in the decision process. "Business travelers often use the hotel recommended by their company, although many of them use search engines or online travel agents for their hotel search. Recommendations of friends and colleagues are less important to business travelers than they are to leisure travelers