Friday, March 13, 2015

Hospitality News For The Week Of 3/13/15

Update: Hoteliers Readying For Wearable Tech

This week Apple unveiled its long-awaited Apple Watch, announcing the arrival of wearable tech. In anticipation of this development, a number of hotel chains have been working in advance on how their brands will interface with the new technology. Accor has created an iOS app specifically for the watch. Marriott International announced they will become the first global hotel company to accept payments from guests via Apple Pay. Starwood Hotels & Resorts Worldwide has worked closely in-house with Apple on their integration of the Apple Watch. Full Story Here:



More U.S. Travelers Planning Trips In 2015 Despite Rising Hotel Rates, According To Survey

TripAdvisor released the results of an extensive study of the world’s travel markets called the TripBarometer1. The report on the “Global Travel Economy” is based off the world’s largest accommodation and traveler survey, containing over 44,000 responses globally. The report states 95 percent of U.S. travelers are planning a trip domestically in 2015. Additionally, the survey reports 67 percent of U.S. travelers plan on taking an international trip for pleasure in the coming year. Full Story Here:



Strong Dollar Boosts U.S.-Owned European Hotels

U.S. hotel companies which were capable of investing in the European market in the recession, are reaping the benefits of that expansion in the recovery. With the euro rapidly losing value against the dollar, U.S. hotel companies are capitalizing in a market traditionally controlled by independents. U.S. -owned hotels are now uniquely positioned to fully leverage the coming boom in U.S. travel to Europe. Full Story Here:



US Hotel Occupancy Up 0.5% To 64.5% Week Ending March 7TH - 2015

As the month of March began, US hotels continued posting positive results as compared to the same time of year previously. Average daily rate saw an increase of 2.0 percent, rising to $116.74. Ending the week at $75.27 meant a 2.5 percent increase in revenue per available room over the same time last year. Full Story Here:


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