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Business Travel Bounce Back For NYC

You can see tourism’s return in the streets of NYC and data supports it, particularly on the business travel front. Business Travel NYC

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  • In the next 6 months, 84% of business travelers are planning to make at leas one conference, convention or trade show trip according to the U.S. Travel Association
  • Last month’s events volume skyrocketed 428% year over year, and 55% over the previous month
  • Hyper growth mode: “The first three months of this year mark a decisive turnaround for corporate travel, based on statistics from a range of specialists”
  • American Express Global Business Travel and TripActions report a business travel booking boom

 

NYC projects business travel will double to more than 9 million travelers this year. Weekend pedestrian traffic in Times Square has reached 94% of 2019 numbers as part of broad evidence of NYC recovery. The most recent occupancy numbers from HANYC covering April 2nd-9th are strong:

 

Occupancy: 77.3%

ADR: $261.16

RevPAR: $202.64

 

When it comes to the most popular international locales for summer vacation, Americans have their sights set on Mexico, with San Jose del Cabo remaining number two behind Cancun and Puerto Vallarta jumping up an impressive three spots from last year to sixth in 2022. Meanwhile, fourth-ranked Montego Bay, Jamaica and fifth-place Punta Cana, Dominican Republic climbed two and three spots from last year, respectively.

Top 10 Summer 2022 International DestinationsTop 10 Summer 2022 International Destinations

 

“Our findings show that ‘revenge travel’ is about to be taken to a whole new level in summer 2022,” Daniel Durazo, director of external communications at Allianz Partners, said in a statement. “While it’s no surprise that Americans are planning to kick back and relax in sun-soaked destinations both domestically and internationally, U.S. cities that were once buzzing tourist destinations pre-pandemic, like Boston, New York and Los Angeles, are seeing a significant return of travelers this summer as well, signaling a positive step in tourism recovery.” Business Travel NYC

 

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