Tuesday, May 26, 2015

Hospitality News For The Week Of 5/22/15

Hospitality’s First Hackathon Postponed Until Later This Year

Hospitality’s first ever Hackathon has been postponed to a later date, most likely later in 2015. The event was scheduled to take place the two days preceding the upcoming Hospitality Industry Technology Exposition and Conference (HITEC) in Austin, Texas on June 15-18. Hospitality Financial and Technology Professionals (HFTP) cited lack of available space for the postponement. The annual HITEC event is drawing record attendance this year and Hackathon organizers want the industry’s first to receive the level of exposure and attention it fully deserves. Full Story Here:

STR: US hotel results for week ending 16 May

According to figures from STR, Inc., the U.S. hotel industry continues to see positive numbers, as compared to the previous period last year. Industrywide, occupancy was up 0.5 percent to reach 70.3 percent. Average daily rate rose 5.2 percent, ending the week at $122.10. Revenue per available room increased by 5.7 percent, attaining $85.80 by the end of the week. Full Story Here:

Average Daily Rate Growth For U.S. Hotels Expected To Accelerate In 2016

PwC US has revised its projections regarding the U.S. hotel industry for the remainder of 2015 through 2016. The stellar performance of the industry during the first quarter of 2015 has resulted in upgraded expectations for U.S. hotels over the rest of the year and next. In year-over-year figures, the industry saw revenue per available room rise by 8.0 percent. PwC is predicting this will continue, resulting in a 7.0 increase for the year 2015, and is expected to further grow by 6.1 percent in 2016. Full Story Here:

Adobe report predicts summer travel spend to increase to $65 Billion

With its release of the annual Digital Index Travel Report, Adobe projects spending on summer travel will rise to $65 billion. This represents an increase of seven percent over the period between Memorial Day to Labor Day in 2014. Adobe’s report studied more than 15 billion website visits to major U.S. travel, airline and hotels from 2013 until 2015. Also 3 million social media mentions were examined as well. Full Story Here:

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

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