Monday, May 4, 2015

Hospitality News For The Week Of 5/1/15

Kathmandu hotels deal with quake aftermath

The recent, devastating 7.8 magnitude earthquake in Nepal has left area hotels undamaged, but desperate to account for all of their employee’s safety. The quake has resulted in the loss of almost 4,000 lives and left over 7,000 with injuries. The Crowne Plaza Kathmandu-Soaltee was structurally unaffected by the massive tremor and guests were unharmed. The Crowne Plaza is now serving as a central hub for aid agencies and has donated $100,000 toward local aid. Full Story Here:


US Hotel Occupancy Up 4.3% To 69.8% Week Ending April 27th - 2015

The week of 19-25 April 2015 was positive for the U.S. hotel industry, in data reported by Smith Travel Research (STR). Compared to the same period last year, occupancy rose by 4.3 percent to reach 69.8 percent. Average daily rate increased by 6.5 percent, ending the week at $120.07. Revenue per available room climbed 11.0 percent, attaining $83.86. Full Story Here:


Traveler insights and trends explored with Virtuoso’s first Generational Travel Study.

A study released by Virtuoso, reveals insight into the demographic differences between generations of current travelers. The research was conducted over the course of six years and studied the spending habits of all the age groups that make up travel today. Additionally data provided from focus groups, interviews with travel experts, and information gathered by partner Wealth Engine, were combined with the raw data from the study, to compile the study results. Full Story Here:


Five things to know: 30 April 2015

Q1 results from the hospitality industry have begun to be released. Positive results are generally being reported by the industry. For example La Quinta Holdings reported revenue per available room was up by 8.2 percent; average daily rate rose 4.3 percent; and occupancy improved by 233 basis points. Full Story Here:


Posted via OnFast -

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