La Quinta by Wyndham’s “La Quinta Means Business” survey tapped into the mindset of today’s business traveler during the busy summer and back-to-school months to determine how the season might impact their decision-making while on the road. Here’s some of the results:

I Need a Vacation

of business travelers who have extended a trip have done so secretly for personal vacation without telling someone, including their coworkers (
32%), boss (26%), and even their own partner (22%)

of these business travelers have extended their business trips to explore the destination

of business travelers say summer is the best time
to extend a business trip for a personal vacation

of business travelers extended their trip
3-5 days

of business travelers have skipped out on a meeting or work event to take a nap or do something restful while on a business trip

On the Home Front

of business travelers with children in school have extended a business trip by 1-2 days specifically to take time for themselves

of business travelers with school-age kids miss some school-related activities due to business travel; 75% business travelers miss activities frequently

of business travelers, while on a business trip, stay connected with their children when school is in session to make sure they get their homework done

of business travelers with kids and pets say they would prefer to travel with their pet and leave the kids at home

JLL unveiled its Hotel Industry Insights + Stats report for the first half of 2019 (H1 2019). Here are some key takeaways:

Investor sentiment remains optimistic but realistic, with hotel investment expected to be a second-half story as H1 2019 volume marks a 28% decrease

The decline in the first half of 2019 is attributable to 70% less portfolio sales activity

The two largest portfolios by volume to transact in H1 2019: Noble Investment Group’s multi-state hotel portfolio ($229M) and Summit’s six-hotel portfolio ($156.8M)

Single-asset hotel transactions activity remained consistent in H1 2019 relative to H1 2018 at approximately $9B, driven by the sale of luxury assets in resort markets, such as South Florida and Lake Tahoe

12 of the top-25 markets saw growth in RevPAR. The market capturing the highest increase in RevPAR at 8.1% was San Francisco

Nashville has demonstrated its momentum as a top secondary market with RevPAR growing nearly 4%, despite supply increasing by 7.9% in year-to-date June 2019

Private equity groups were active acquirers of hotel real estate and accounted for 45% of total volume

Stock price volatility in the first half of the year has limited REITs’ hotel investments to $1.5B, or 15% of total volume

After a slow start to the year, foreign investment accounted for 12% of volume in Q2 2019

After growing 2.8% in 2018, RevPAR is expected to record more moderate growth in 2019 of 2%, driven entirely by growth in room rates as opposed to occupancy

47% of Gen Zers choose to call a local hotel, compared to just 8% who would want to text with them, and 8% who’d communicate with them over social media. This is due to the speed of getting answers and to feel as though they’re speaking with a real human, according to Ooma, which released a study that dives into different generations’ preferred communication methods when it comes to booking travel and communicating with hotels.