Tuesday, February 3, 2015

Hospitality News For The Week Of 1/30/15

Hotels Kick off the New Year with Strong Revenue Performance Driven by Average Daily Rate Growth


Major hotel markets across North America saw strong rate growth going into 2015, according to TravelClick’s “North American Hospitality Review”. Growth of 4.5 percent is expected in average daily rate, in turn indicating revenue per available room will be strong in 2015 as well. The year to year 12 month outlook points toward overall committed occupancy growth at the rate of 2.8 percent. Full Story Here:


Global Hospitality Trends Report Suggests Healthy 2015 for Industry

A report released by the audit firm EY, indicates the hospitality industry is a strong engine of economic growth worldwide and should continue gains in 2015. The report called “Global hospitality insights: Top thoughts for 2015”, states that the hospitality industry accounts for 266 million jobs around the world and makes up 9.5 percent of global gross domestic product. The report goes on to state strong growth is expected industrywide during 2015 despite geopolitical instability, health related issues, and the inconsistency of economic growth globally. Full Story Here:



US Hotel Occupancy Up 2.9% to 57.1% Week Ending January 24TH - 2015

U.S. hotels experienced a rise in occupancy rate during the week ending 1/24/15 of 2.9 percent. Average daily rate was up by 5.1 percent at $114.42. Revenue per available room finished the week at $65.32, which amounts to a rise of 8.1 percent. Three major markets led the way by experiencing double digit growth in average daily rate, San Francisco/San Mateo at +37.4 percent to $173.45; Phoenix at +12.1 percent to $144.85; and Miami/Hialeah at +11.6 percent to $240.60. Full Story Here:



Most popular and trending cities: where travelers went in 2014

Hotels.com released statistics showing how American travelers are increasingly making Mexico their destination of choice. Cancun/Riviera Maya has now surpassed Montreal, Hong Kong ,Tokyo, and Barcelona to become the sixth most visited international destination by Americans. Other Mexican cities saw significant increases in the numbers of American travelers visiting those destinations as well. London remains the favorite international destination for U.S. travelers. Full Story Here:


Posted via OnFast - http://www.OnFast.com

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