Friday, June 15, 2018

Hospitality News For The Week Of 6/14/18

After Strong First Quarter, CBRE Lifts 2018 U.S. Lodging Forecast and Expects Continued Growth

Based on first-quarter performance data from STR, CBRE Hotels’ Americas Research has raised its projections for the U.S. hotel industry in 2018. Industry-wide first-quarter results indicate a 3.5 percent increase in revenue per available room, which exceeded the projected gain of only 2.5 percent forecast previously by CBRE. In response, CBRE is now projecting annual growth in revenue per available room for U.S. hotels to be 2.8 percent for 2018. The continued growth has now been sustained for 33 consecutive quarters, going back to first quarter 2010. Full Story Here:

Report: Wi-Fi, In-Room Fridge Among Top Guest Concerns

A new study recently published by Expedia and Northstar Research Partners has uncovered the top concerns of hotel guests. The survey findings from 18,229 respondents in 23 countries found the lack of free Wi-Fi offered by a hotel to be their most significant issue. 93 percent of those surveyed globally stated complimentary Wi-Fi is somewhat to very important. According to respondents in the U.S., it is the most important factor in booking a hotel. Secondary amenities according to those surveyed include in-room fridge (78 percent) and complimentary toiletries (78 percent). Full Story Here:

Hotel sector to tackle forced labour

The Global Forum for Responsible Recruitment and Employment was held recently in Singapore at which the International Tourism Partnership (ITP) announced its three Principles on Forced Labour. According to the ITP, every worker should have freedom of movement. No worker should pay for a job. And no worker should be indebted or coerced to work. The Principles are supported by the ITP’s thirteen member hotel groups. Full Story Here:

STR: US hotel results for week ending 9 June

According to published performance data by STR, the U.S. hotel industry posted mixed results in year-over-year comparison for the week of 3-9 June 2018. Compared to the same period last year, industry-wide occupancy was lower slightly by -0.2 percent to 72.9 percent for the week. Average daily rate was higher however by +2.5 percent at $131.38 by week’s end. Revenue per available room was also up, rising by +2.3 percent to reach $95.82 for the week. Full Story Here:

Thursday, June 14, 2018

Sustainability For Hotels - Part 3

The growing level of eco-consciousness among the hospitality industry and travelers is leading to the implementation of a number of green initiatives by hotels. These changes are proving to be mutually beneficial to both hotels and their guests. The idea is to minimize the ecological footprint of the travel industry and be responsible corporate citizens of our Earth.  

Water Consumption

There is much that any hotel can do to reduce the amount water that they waste. Hotels in the course of daily operations, along with their guests, consume large quantities of water. The property can change out showerheads and toilets to low flow designs. Additionally, the hotel can install faucet aerators in sinks to reduce water consumption by their guests.

Hotel laundry is an area of operations where much change can be implemented in the name of sustainability. Hotels should instruct housekeeping staff to only change sheets and towels when necessary. Guests should be encouraged to only require laundry change on an as-needed basis. Linen reuse initiatives can produce compelling results for hotel water conservation programs. Furthermore, wastewater can be made safer by utilizing only biodegradable cleaning products.

Waste Elimination

Hotels and their guests generate immense volumes of trash. Reductions in the amounts produced can begin with the hotel property and how it conducts business. The amount of trash created by individually contained soaps, shampoos and other hotel-provided toiletry items is astounding alone. Hotels can buy these items in bulk and create uniquely hotel branded dispensers for them as an alternative. All unnecessary and redundant paperwork should also be eliminated, which will streamline guest procedures in the process. Staff should be required, and guests should always be encouraged to follow all trash recycling guidelines.

The volume of non-biodegradable trash generated by a hotel is not the only waste, which must be reduced by hoteliers and their guests. An item not often considered in assessing sustainability is food waste. Traditionally considered acceptable due to the nature of hospitality, wasting food is now coming under the scrutiny of hoteliers and restaurateurs examining the sustainability of their establishments. A realistic analysis of the quantities of food on customer’s plates when they are finished should yield a simple answer and solution of more effective portion control. For buffets, an examination of consumption patterns to help eliminate food waste will prove effective as well.

The concept of hotel sustainability can be moved into effective implementational reality by establishing a “green team” within the hotel organization to take the lead on sustainability issues. Budgeting is crucial within an organization, and focus is required by both staff and management to become reality. At smaller hotels this need be only an individual. However, operating a sustainable hotel should be everyone’s concern.

Tuesday, June 12, 2018

Sustainability For Hotels - Part 2

The implementation of green initiatives has begun to gain traction with the global community and sustainability is now the expected standard by guests for hotels around the world. In this regard, there are a number of specific measures available to hoteliers in order to rise to customer expectations. Given the current consciousness of environmental concerns, hotels can enlist their guests in bringing sustainability to fruition. Going forward, the adoption of sustainable hospitality practices promise to be mutually beneficial to hoteliers and their guests in addition to the whole planet at large.

Sustainable Energy Practices

Sustainable hotel energy solutions will involve both the hotel property and the guest to bring the initiative to successful implementation. Hotels can begin by making the investment in new lighting and bulbs that are more energy efficient. For example, LED fixtures combined with motion-sensing capability are effective measures hoteliers can take in reducing the consumption of electricity at their properties. Posting signage asking guests to turn off unnecessary lights, television, air conditioning, and when leaving a room, can make a difference in energy savings as well.

This will provide an added benefit of giving hotel guests the feeling of participation in achieving the hotel’s sustainability measures. To encourage additional participation by hotel guests, hoteliers can furthermore offer incentives such as complimentary parking for electric vehicles, which will result in a lower ecological footprint, impacting the planet.  Providing charging stations for those electrical vehicles will take sustainable energy practices a step beyond customer expectations.

However, more direct action may be required of the hotel in order to ensure success in attaining energy sustainability goals. The installation of green roofs featuring solar panels as well as actual gardens, for example, will move the agenda even further. Also, installing eco-mode temperature controls and energy efficient appliances throughout hotels, including HVAC systems and more efficient maintenance routines is beneficial. In new hotel designs and redesigns, incorporating architectural day lighting features will reduce the need for electrical-powered lighting. All of these efforts in the long view stand to profit hotels tremendously in the reduction of operating costs through greater efficiency.

In part three of this series, measures hotels can take in order to reduce the waste of precious water and other resources will be examined.

Friday, June 8, 2018

Hospitality News For The Week Of 6/8/18

Industry outlook sunny amid strong supply, demand

The 2018 NYU International Hospitality Industry Investment Conference was held in New York this week. At the conference, STR presented data which highlights the ongoing record-setting pace of the U.S. hotel industry. U.S. hotels have experienced a 2.9 percent growth in room demand for a 12-month period ending in April 2018, according to STR. In comparison, during the same time period supply only grew by 1.9 percent. The industry has been repeatedly breaking records, occupancy rose by 1 percent to bring it to another record of 66.1 percent. In the same 12-month time frame, average daily rate rose by 2.2 percent and revenue per available room climbed 3.2 percent to reach $84. Full Story Here:

Vacation plans for U.S. travelers

The Travel Insurance division of General Global Assistance has published the results of a survey of U.S. travelers regarding their vacation plans. According to the survey results, the number of Americans making summer travel plans is up to 68 percent. This follows a recent dip in 2016 when the number dropped significantly to 61 percent. Almost half (46 percent) of those surveyed were booking their trip at least four months in advance. The average length of summer trip increased slightly to 1.5 weeks, while the travel budgets for U.S. travelers went down slightly by a percentage point to $2,643. Full Story Here:

Boutique hotels are booming

A report recently published by The Highland Group illustrates how boutique hotels are booming currently and in more demand than luxury and extended stay hotels. According to the research, the supply of boutique hotels rose by 7 percent in 2017, surpassing upscale hotels which only increased by 1.8 percent in comparison. Travelers are seeking to make better connection with the local communities surrounding their destinations and boutique hotels are better accommodating them in their desires. Full Story Here:

STR: U.S. hotel results for week ending 2 June

In year-over-year comparison the U.S. hotel industry posted positive performance figures for the week of 27 May through 2 June 2018, according to data published by STR. Compared to the same period last year, industry-wide occupancy edged up by +0.1 percent to 64.1 percent for the week. Average daily rate was 2.1 percent higher at $122.58. Revenue per available room rose by +2.3 percent to finish the week at $78.61. Full Story Here:

Friday, June 1, 2018

Hospitality News For The Week Of 6/1/18

After Strong First Quarter CBRE Lifts 2018 U.S. Lodging Forecast

Hotels in the U.S. performed better than expected in the first quarter, prompting CBRE Hotels’ Americas Research to revise its outlook for the remainder of 2018. Data reported by STR indicated that U.S. hotels experienced a 3.5 percent increase in revenue per available room during first quarter 2018, exceeding by a full percentage point CBRE’s earlier forecast of a 2.5 percent increase in RevPAR for the year. In accordance, CBRE is now revising the projected annual increase in RevPAR to be 2.8 percent for 2018. Full Story Here:

PWC Suggests Continued Momentum Into 2019 For U.S. Hotels

PWC is forecasting the hospitality industry in the U.S. will continue the momentum built this year to continue in 2019. Favorable economic fundamentals in combination with a surge in demand from the commercial transient segment are keeping the industry’s outlook positive. Going forward rate growth is expected to be strong due to the increased demand for the remainder of the year and into the next. Full Story Here:

Bleisure travelers are hungry for sunshine, sightseeing and cuisine

Expedia has published the results of a multi-national study of the bleisure (business and leisure) phenomenon. Bleisure travel is booming around the globe with business travelers extending their trips to include leisure time in order to make the most of their travel away from home. The study for Expedia Group Media Solutions was conducted by Luth Research to uncover the behaviors, influences, resources, and preferences of leisure travelers from America, Britain, China, Germany and India. The study found among many other things that among respondents, 60 percent of business trips were extended for leisure purposes during the last year. For American bleisure travelers, this amounts to a 40 percent increase since 2016. Full Story Here:

STR: US hotel results for week ending 19 May

According to data published by STR, the U.S. hotel industry reported mixed performance results for the week of 13-19 May 2018. Compared to the same period last year, industry-wide occupancy dropped slightly by -0.5 percent to 70.2 percent for the week. Average daily rate was higher by +3.5 percent, ending the week at $132.36. Revenue per available room climbed +3.0 percent higher to reach $92.92 at week’s end. Full Story Here: