Despite a general decline in travel among Americans, bookings for luxury hotels are increasing significantly, with travelers spending more per night than before the pandemic, indicating a shift towards high-end travel experiences.
Despite economic uncertainty and dwindling household savings, the post-pandemic travel boom continues, with international travel reaching around 90% of pre-pandemic levels this year. Airlines, hotels, and analysts report that travel remains a top priority for consumers, with strong bookings and travel demand leading to record earnings for travel companies. A recent survey by travel tech firm Amadeus shows that international travel is a high-priority discretionary spending category for many respondents in 2023 and 2024. While ticket prices have increased since the pandemic, they are unlikely to plummet as pricing is based on demand. Travelers to Europe and Asia may not see substantial price relief this autumn, while U.S. domestic travel is experiencing pent-up demand. However, lack of supply may lead to more expensive hotel rooms in the U.S. Looking ahead, some airline groups express uncertainty about sustaining demand, and analysts suggest that dwindling consumer savings could impact spending if inflation persists.
United Airlines is set to open a new lounge in Denver's A-West concourse this summer, with a two-story layout and Colorado-themed design. The lounge will feature private workstations, high-top coworking tables, and locally inspired dining options. United is also planning to reopen the B-East club later this summer, which will become the largest club in the network. The airline will eventually have over 100,000 square feet of club space in Denver, including its novel Club Fly concept.