Q3 Demand: Choice, Lyft See Business Travel Boost

 

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November 08, 2022 Choice: Q3 Corp. Travel, Midweek Occupancy Up By Angelique Platas Choice Hotels International's third-quarter business travel demand again improved and now is approaching its traditional pre-pandemic share of the hotel company's demand, executive said Monday during an earnings call. The company remains "optimistic" for business transient and group travel segments. Keep Reading Lyft Business Q3 Managed Bookings Up 50 Percent Ride-hailing provider Lyft reported $1.05 billion in third-quarter revenue, an all-time high, but its net loss widened. Still, managed bookings through the Lyft Business platform more than doubled year over year. Keep Reading Cvent: Time for Hotels to 'Group Up' CEO Reggie Aggarwal in Cvent's third-quarter earnings call pointed to hotel industry economics as a positive omen for Cvent even as 'economic headwinds' loom in 2023. Keep Reading United Unveils New Club Concept in Denver United Airlines has opened a new club concept at Denver International Airport that gives qualified customers access to grab-and-go food and beverages, the carrier announced Monday. The club is located in the airport's newly expanded Concourse B. Keep Reading Travelport Joins Travalyst Sustainability Coalition Travelport has joined the Travalyst sustainable travel coalition, with plans to implement the organization's methodology for reporting travel emissions. Keep Reading Delta Expands Argentina, Chile Frequencies Delta Air Lines has increased its frequencies on service between Atlanta and each Buenos Aires and Santiago, Chile, the carrier announced. Keep Reading We have 313 pages of federal travel regulations. We're asking those tools to take those 313 pages of policy and make it easy to use. On top of that, we have 59 agencies with 59 different versions of how they interpret and want to apply the policy." - GSA's Ryan Edelstein Read More The Beat Live Is A Month Away Subscribe to the Beat U.S. Ext.-Stay Q3 Occupancy Dips as Rates Rise Third-quarter demand and revenue per available room reached record highs for the U.S. extended-stay hotel sector, while occupancy fell for the first time since 2020, according to a new report from The Highland Group. Keep Reading IATA: 'Strong' September Air Demand Outside China Global air passenger traffic in September continued recovering, with year-over-year increases for both domestic and international demand, according to the International Air Transport Association. Keep Reading Delta's Accelerated Sustainability Flight Plan Sponsored Content by Pam Fletcher, Chief Sustainability Officer – Delta Air Lines At Delta, we see travel as a noble force for good – and the miracle of flight is helping us to better understand the far-reaching impacts of climate change. Read more 301 Route 17 North, Suite 1150 Rutherford, New Jersey, USA 07070

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