Hotel bookings are still at an all-time high despite concerns over the Delta variant
With many Americans expecting to travel over Labor Day weekend, it’s time to put those plans in place as soon as possible. Now is not the time to mess around on ‘CP’ time, because the days of waiting to postpone that hotel stay you’ve been postponing since the start of the pandemic are over – thinking that prices are going to go down – because by the time you do, it will have it gone.
While COVID cases are on the rise in the United States, hotel demand has not yet been affected by the new variant according to hotel experts at travel booking technology company Koddi. Kodi. They report that hotel demand is now at an all-time high.
US demand continued to increase throughout the first half of July, but the rate of increase has slowed over the past week. This coincides with the rise in COVID rates that began earlier this month and has been rising for four consecutive weeks.
That’s no surprise, given that search queries for resorts and hotels in the United States are at their highest level in nearly a decade, according to Google data. The trend also aligns with recent spikes in airline ticket purchases. Earlier this year, American airlines said its bookings were at 90% of pre-pandemic averages.
Demand for 2021 is currently 23.3% higher than the same week in 2019. Historically, late July and early August have been the busiest travel season and demand can be expected to start to decrease at a similar rate.
This is undoubtedly great news for the travel industry, which has been one of the hardest hit by the global pandemic. The past year has seen employee furloughs, plummeting occupancy rates and the evaporation of most, if not all, business travel.
But this news offers glimmers of hope, for the post-Delta variant and beyond. Travel booking in 2022 has already started, hotel share prices are rising, and if you haven’t noticed, tons of new properties are reopening across the globe. Koddi expects Labor Day check-in dates to see a surge in requests over the next few weeks based on historical trends.