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Travel and Tourism Industry: Difference between revisions
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* In Q2 2023, business travelers averaged 4.18 nights per hotel stay. This reflects a 3% decrease in trip length over the same quarter in 2022 and a 3% decrease in trip length compared to Q1 2023. | * In Q2 2023, business travelers averaged 4.18 nights per hotel stay. This reflects a 3% decrease in trip length over the same quarter in 2022 and a 3% decrease in trip length compared to Q1 2023. | ||
* The number of hotel reservations is up 50% over Q2 2022 and 15% over the previous quarter. | * The number of hotel reservations is up 50% over Q2 2022 and 15% over the previous quarter. | ||
* The average nightly spend on hotels for business trips was $157.01, compared to $152.38 in Q2 2022. Spend on reservations overall was 50% higher than the previous year and 27% higher than Q1 2023. | |||
== References == | == References == | ||