Why We Still Believe in Travel
Chief Executive Officer
Staycations are Here to Stay As Guests Start Holiday Planning
We are now moving closer to the Holiday season, and with parts of Europe going back in lockdown, hotels are not witnessing a high volume of Year-end travel chatter on social media. However, an encouraging trend for hotels is a 4x increase in chatter on staycations, giving hope that guests would be booking longer stays during the holiday season, a trend that we are already seeing in our bookings data. Get more trends at our ‘We believe in travel’ page.
We Believe Travelers Are More Curious Than Before
BCV, A RateGain company and hospitality’s proven social media partner works with leading luxury properties to manage their guest experience and the analytics from these messages, clearly tell us, that more people are willing to travel, more people are taking care of restrictions and last but not the least, each HOTEL is handling more guest messages than ever before. Our analytics state that as compared to Aug 2019, each hotel is handling 44% more messages. To understand what these messages were about, see our analysis
We Believe Travelers Are Booking And Not Just Looking
DHISCO, the industry’s most reliable distribution partner, trusted by all major hotel chains globally, is becoming the nerve center of recovery data and more importantly, optimism as we get insights that hint towards travel recovery. Analyzing 2019 vs 2020 Look to Book ratios on a logarithmic scale shows how after the pandemic, the ratios are closely trending to pre-pandemic levels and in some cases going lower than 2019 levels, proving that impulse travel might not be a thing of the past.
We Believe That Some Countries Will Recover By End Of 2020
The world’s top 16 tourism markets are slowly inching towards 2019 levels and RateGain is tracking this recovery week on week. Led by China, United States, UAE, Germany, Thailand, and India, some of the biggest tourism markets are seeing active interest from travelers, and we believe this will improve as we approach the end of 2020.