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July 21, 2008

Comments

Meilee

Any comments on Pricewater's Study that focused on the drive markets? Any ideas on their correlation between hotel occupancy and gas prices? If I remember correctly it was for every 10% price jump at the gas pumps hotel occupancy dropped .5%. #'s from 2005, 06, and 07 were crunched in the analysis.

Bill Geist

And that's the difference, isn't it? Not all markets will see an occupancy decrease because of a reduction in air service. Fuel prices will negatively impact some while benefiting others.

The real key will be what happens to business travel because of cost/hassle. Because business travel drives room tax revenue...and room tax revenue drives promotion. Decrease in business travel = Decrease in promotion = Decrease in Leisure & Convention Travel.

SEO hotel

As the fall travel season begins, U.S. airlines are sharply reducing domestic flights and routes nationwide to cut their losses from high jet fuel prices.

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