Friday, April 10, 2015

Hospitality News For The Week Of 4/10/15

U.S. Business Travel on the Rise Despite Dwindling Perks

Spending on business travel is up in the U.S. and forecast to rise further, according to a recent forecast from the Global Business Travel Association. The GBTA predicts a business travel spending during 2015 to amount to $310.2 billion; this represents an increase of 6.2 percent. Total number of trips is forecast to rise by 1.7 percent, reaching the total number of trips at 490.4 million. This business travel increase is coming at the expense of reduced travel perks. Companies are expecting personnel to travel much more frugally in the wake of the great recession. Full Story Here:


Infographic - Global Travel Health Check

This useful infographic illustrates the state of global travel in 2015. Based on results from the TripAdvisor TripBarometer global travel economy report, it presents the crucial travel numbers and how they will impact worldwide travel during 2015. The majority of travelers are planning on increasing their leisure travel spending this year. 75 percent of those surveyed plan on international travel in the current year. Full Story Here:


US Hotel Occupancy Drops 4.0% To 62.9% Week Ending 4/4/2015

Numbers for the U.S. hotel industry were mixed for the week ending 4/4/15, with several figures showing a decline, according data from STR, Inc. As compared to the same period last year, occupancy fell by 4 percent to 62.9 percent. Average daily rate climbed by 3.4 reaching the level of $116.01. However, revenue per available room dropped for the first time in 49 weeks by 0.7 percent to $72.93. The 49 weeks of growth in RevPar is the longest positive streak ever tracked by STR. Full Story Here:


US Hotels Showing Strong Profitability Growth 

According to figures just released by and hotel price indices, April Profits per Room are rising by 11.3 percent for U.S. hotels. In 2014, half of all hotel sales in the U.S. were made by travelers using either the hotel brand’s own website or travel agent merchant websites. Seven years ago the figure was only 25 percent. Room rates at the 25 most popular destinations in the U.S. are averaging $221.38, up from $202.40 the previous month. Full Story Here:





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