A new British Airways survey of 2,000 U.S. baby boomers shows that the generation wants to travel the world, but feels hindered by work and cost. More than a fifth surveyed said they haven’t traveled more due to work commitments. Nearly two-thirds of women and 48 percent of men said they have never acquired a passport because they don’t believe they can afford to travel overseas. Read more here.
Starwood Hotels & Resorts has sent a letter to Georgia Gov. Nathan Deal, urging him to oppose a religious freedom bill that, in its current form, could lead to discrimination based on sexual orientation and gender identity. Starwood General Counsel Kenneth Siegel said the legislation is contrary to the company’s core values of diversity and inclusiveness and will have a profound negative financial impact on its 17 managed and franchised hotels in Georgia. The bill has passed Georgia’s House and Senate. Read more here.
Vail Resorts has reported higher-than-expected profits and revenue in the latest quarter. Benefiting from increased visitation and higher prices, the ski-resort operator saw a rebound at its Tahoe properties and growth at its Colorado and Park City resorts. Vail has also updated its resort earnings forecast, raising its projected earnings from $405-$430 million to $430-$445 million. To read more, click here.
Primary election season is on fire this year, and it would seem room demand is, too. Data from STR indicates that there is a relationship between room demand increases and the race’s level of competition. If both parties are selecting a candidate, like this season, demand and revenue is driven upward. Primary election seasons with a sitting president in office are not as high, as there are only primaries for one party during such years. To read more, click here.
Moderate economic growth and decreasing unemployment rates helped buoy the U.S. travel and tourism sector in 2015. Domestic arrivals grew by 2.4 percent with 2.2. billion trips, according to a report from Canadean. Due to a stronger U.S. dollar, outbound travel growth was robust in 2015, but international arrivals’ growth slowed in comparison to 2014. Even though a strong U.S. dollar weakens the buying power of foreign travelers, that hasn’t stopped them from flocking to major markets like New York City, which is expecting 59.7 million tourists this year. That would exceed last year’s record of 58.3 million visitors by 2.4 percent, The New York Times reports. China, the fourth-largest source of foreign tourists to the city, is projected to account for 920,000 visitors in 2016. Read more here.
Orlando hotel company Rosen Hotels & Resorts has announced customers’ credit card information may have been breached over an 18-month period. Guests who stayed at one of the company’s seven properties in Florida between September 2014 and Feb. 18, 2016 are at risk. Compromised data includes the cardholder’s name, card number, expiration date and internal verification code. Read more here.