PhoCusWright Research

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Industry Update Summary August 2012

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US $250 €197

The stats for August were fine. Hotel occupancy was up strongly, after posting a nothing-to-brag-about increase of less than 1 percentage point in July. ADRs rose, RevPAR was up and airplanes continued to run more than 85% full. So far, so good. Then Spain's budget came out, rioters hit the streets, and we were all reminded that the macro cloud hanging over businesses of all kind hasn't gone anywhere. Priceline shares, always sensitive to Europe, shed more than 1%. Other travel shares also gave up gains from earlier in the month.
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TravelStats | Published: October 2012
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Industry Update Summary June 2012

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US $250 €197

Does online travel know something other industries don't, or is the category whistling before an economic storm? It's an interesting question as we look at June's data, plus stock prices and some earnings reports coming in during July. Early earnings performance from Expedia was excellent, and the hotels are doing well (though hotel stocks are weakening) and the airlines are benefitting from cheaper fuel, higher load factors and a general, welcome discipline that comes from having been whipsawed by cycles before. And yet ... the question is whether – or how long – this can last in the face of a weakening economy and a looming fiscal cliff.
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TravelStats | Published: August 2012
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Industry Update Summary April 2012

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US $250 €197

Online travel's "Goldilocks" recovery continues. Hotel occupancy is rising, hotel rates and RevPAR are around pre-recession peaks and still climbing, and load factors on airplanes are up from last year even as the price of jet fuel slips. Screwing this up would take more than a village. It would take a Congress.
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TravelStats | Published: June 2012
Free For: Money Subscribers