Airport Delays Begin to Hit Hotel Bookings, AHLA Warns
Photo Caption: The beach in front of The Ritz Carlton Key Biscayne Miami.
Skift Take
GlobalData and AHLA warn that U.S. airport delays are reducing hotel bookings in gateway cities. Plus, hotel deal news.
The DJIA fell 793 points on Friday while Nasdaq was down 460 (-2.15%), the S&P 500 fell 108 points and the 10 year treasury yield was up .02 to 4.44%. Lodging stocks were lower with ABNB, HGV and VAC each down -6% on the day.
GlobalData reported that airport delays across the United States are beginning to affect hotel bookings, as disruption to air travel reduces visitor flows and creates uncertainty for travelers. The AHLA has warned that continued delays at US airports are already affecting travel demand, with direct consequences for hotel bookings. The news that TSA workers would be paid is welcome, ahead of the Easter/Passover holiday, but is just one of the issues affecting travel right now as oil prices spiked again on Friday. The GlobalData report said hotel operators are beginning to see shifts in booking behavior linked to travel disruption, with short-notice cancellations and reduced advance bookings among the early indicators. They named gateway cities suc
