Friday, January 23, 2015

Hospitality News For The Week Of 1/23/15

STR: US hotel performance for year-end 2014 

Hotels in the U.S. experienced strong growth in 2014, according to a report released by STR, Inc. Across three vital measurements, the numbers indicated significant growth in the industry. Over the previous year, U.S. hotels’ occupancy rose 3.6 percent to 64.4 percent; average daily rate saw an increase of 4.6 percent in attaining the figure of $115.32; and revenue per available room gained 8.3 percent to reach $74.28. Of the top 25 hotel markets in the U.S., all experienced increases in these crucial statistics across the board. Full Story Here:


The top 10 revenue-generating booking sites of 2014

In an infographic released by SiteMinder, retained its title as the number one revenue-generating booking site for the third consecutive year. TheBooking Button, at number three, remained in the top five for third time as well. SiteMinder ranked each site based on gross booking revenue during the previous calendar year ending December 31, 2014. Full Story Here:


IHG Trends Report challenges brands to build ‘trust capital’ 

In their 2015 Trends Report, IHG stresses the importance of building trust between brands and consumers. In what the company calls ‘trust capital’, brands must build up the confidence of their customers in the company’s levels of credibility, integrity, leadership, and responsibility within the entire organization. IHG was speaking in regards to all business industries in general, in addition to the hotel industry specifically. Full Story Here:


Infographic - How Mobile And Data Is Changing The Travel Industry - 5 New Emerging Trends

Eyefortravel has released an infographic illustrating the five emerging trends resulting from the hospitality industry’s growing utilization of data and mobile. Among the trends reported, mobile has led to a 30 to 60 percent drop in direct brand bookings. Also, of significance is the shifting emphasis by travel suppliers from the first time booker to building customer loyalty resulting in repeat bookings. Full Story Here:


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