Market Recovery Monitor - 13 August 2022

The deceleration in U.S. hotel room demand continued as the final days of summer near. For the week of 7-13 August 2022, demand declined by 558,000 rooms week over week (WoW) with occupancy dropping to 68.5%. The WoW decrease in demand (-2%) was less than expected. In 2011, which has the exact same calendar composition as this year, weekly demand fell by more than 3%. Overall, the week’s demand was 98% of the 2019 comparable. Nominal average daily rate (ADR) also softened, falling 1.5% WoW to US$152 but up 8.5% year over year (YOY). Nominal revenue per available room (RevPAR) decreased 3.5% WoW to US$104, which was 13% higher than a year ago. Both nominal ADR and RevPAR remained well ahead of 2019 levels. Real ADR (inflation-adjusted) was equal to 2019, but real RevPAR was 5% lower. All performance measures have decreased for the past three weeks, coinciding with the start of K-12 schools, mostly in the south. Read More

GSA increases per diem rate

The FY2023 standard per diem rate will increase to $157 for the continental U.S., and rates for the 316 non-standard areas will be at or above FY2022 rates, the General Services Administration (GSA) announced Wednesday. 

Why it matters: Government travel is integral to the hotel industry, supporting tens of thousands of jobs and billions in travel spending. Many private sector businesses and organizations also use the federal per diem rate as a guide when setting their own travel standards. Read More

The CT Tourism Booth at the Big-E is looking for a variety of tourism literature/ and or brochures to hand out and display. So, they are reaching out to see if their stakeholders would like to provide materials. If your town or organization is looking for representation, this is a great opportunity to take advantage of. 

Connecticut Tourism Booth

2022 BIG E

September 16- October 2, 2022



Instructions:

1) Address your shipment to:

     CT Building/ Avenue of the States/ Tourism Booth

     Eastern States Exposition

     1305 Memorial Avenue

     West Springfield, MA 01089

2)  If you are delivering your brochures in person acceptance of delivery begins September 6 through September 15, between the hours of 9am-3pm. Enter through Gate 1 and follow one way traffic pattern. Please unload promptly and exit the roadway. Any time after the 15^th, you must ship according to method #1.

3) Whether you are shipping or delivering in person, please be sure to:

● Affix a copy of your brochure to the outside of each box for identification purposes.

• Indicate the quantify the total number of boxes sent. (Example: 1 of 2, 2 of 2)

● Brochures must be banded in bundle-size quantities, for easy handling and storage.

● All shipments must be prepaid with a maximum weight of 30 lbs. per box. 

4) Following is a guide on how many to send/deliver:

● Send up to 500 brochures if annual attendance is up to 5,000

● Send up to 2,500 brochures if annual attendance is up to 20,000

● Send up to 5,000 brochures if annual attendance is 20,000 and up

● PLEASE do not send more than 500 brochures if you are an Event.

PLEASE DO NOT send dated material or the balance of your end-of season inventory. Storage space is extremely limited. In the past, we used to deliver the surplus of literature to the Connecticut Welcome Centers. PLEASE NOTE: We no longer have the resources to do this.

If you have any further questions regarding providing literature for the CT Tourism Booth at the Big-E, you can reach out to Rosemary Bove via email at rosemary.bove@ct.gov.