Key Travel Indicators
Happy New Year - Welcome to 2018!
The year has started well with a strong economic outlook and positive travel indicators. While gas prices are up from this time last year they remain historically low. Gas prices should stay relatively low this year – which is good news for drive travel in the state.
Enjoy the remainder of winter in Indiana and don’t forget to start planning your spring and summer road trips exploring the state.
All the best,
Dr. Jonathon Day
Purdue Hospitality and Tourism Research Center
Industry Sentiment As of September 2016
Upcoming 12 Months
(Avg. price per gallon)
January 2017 $2.36
January 2018 $2.57
December 2016: 45.8%
November 2017: 46.4%
Revenue per Available Room (RevPAR)
December 2016: $40.45
December 2017: $41.77
December 2016: 683,018
December 2017: 711,742
December 2016: 4,350
December 2017: 4,249
Market Intelligence and Insights
A selection of recent marketing intelligence from around the industry…
The Nov 2017 Travel Trends Index from US Travel Association shows strong continued growth in domestic travel in the coming months. Click here for the details.
Deloitte is predicting the hotel sector is projected to sustain 5-6 percent growth through 2018. For details, click here.
What are the megatrends impacting tourism in 2018 ? Some of the trends on the list this year – Travel Brands are Experience Platforms, Cities are better navigating the collision of their visitors and local economies, and personal fulfillment is the new luxury. You can get the full report from Skift here or you can hear the Skift megatrends podcast here
Tnooz has identified five hospitality trends to keep an eye on in 2018. They include smart rooms, predictive aps, bots and conversational marketing. For the full list, click here