Monday, April 27, 2015

Hospitality News For The Week Of 4/24/15

Google Makes Another Big Move Toward Dominating Hotel Search

Search giant, Google, is making moves to solidify its domination of hotel search. By adding filters for price, rating, class of hotel, etc. Google is giving consumers no reason to look anywhere else but their ads for the hotel they are seeking. For example, by clicking the “more” filter hotel shoppers can only see hotel ratings from Zagat, owned by Google. These changes make for a convenient user experience, while keeping competition at bay. Full Story Here:

 

Branded properties grow as world shifts away from independently operated hotels

There is a worldwide trend toward branded hotels and away from independents, according to study by hotel consultants HVS London. In North America this is most apparent, with 85 percent of the study sampled hotels being franchised, 13 percent operated under management contracts, and only 2 percent being owned and leased properties. Europe, in contrast, has a significantly higher percentage of independent hotels, at 30 percent owned and leased properties, and those under management contract comprising 20 percent. The remaining half are franchised across Europe. Full Story Here:

 

Report: North American Hotel Industry Strong Overall

The hotel industry across North America has a bright future outlook and is in a strong position, according to the April 2015 TravelClick North American Hospitality Review (NAHR). The report shows key industry benchmarks are up over the same period last year, reserved occupancy is up by 0.8 and revenue per available room has risen by 5.6 percent. Average daily rate is up 4.4 percent, year to year. The next 12 months are projected to be good ones according to TravelClick. Full Story Here:

 

STR: US hotel results for week ending 18 April

The week of 12-18 April saw positive results, across all key measurements, for the U.S. hotel industry. In year-over-year figure comparisons according to STR, occupancy was up 9.4 percent reaching 68.8 percent; average daily rate rose by 8.3 percent to attain $121.20; and revenue per available room increased by 18.5 percent to end the week at $83.43. Full Story Here:

 


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