Tuesday, July 14, 2015

Hospitality News For The Week Of 7/10/15

International tourist arrivals up 4% in the first four months of 2015

According to the UNWTO (United Nations World Tourism Organization), international tourism is up by 4 percent over the same period last year. The organization, in its World Tourism Barometer report, states that tourist arrivals rose in the first four months of the year. The agency is predicting continued growth over the summer, with the expectation of nearly 500 million tourists traveling abroad in July and August. Between January and April, 332 million travelers spent an overnight stay away from home. Full Story Here:

 

Google quietly adds instant booking for hotels, copying TripAdvisor

Without an official announcement, Google has added instant booking to its hotel search results pages. Google-facilitated bookings have begun appearing from a select handful of hotel listings from U.S. search results. No U.S. hotel chains are participating with Google on their new offering. So far only independent hotels are being booked directly through Google. Full Story Here:

 

STR: US hotel results for week ending 27 June

The week of 21-27 June 2015 found the U.S. hotel industry reporting positive results over all. Over the same period last year, occupancy had increased by 1.1 percent to reach 76.9 percent. Average daily rate rose by 4.6 percent to $122.15. And revenue per available room climbed 5.7 percent, attaining $93.96 by weeks end. Full Story Here:

 

U.S. Business Travel Spending To Rise Nearly 5 Percent In 2015

A new study by the GBTA Foundation and Visa predicts an increase in U.S. business travel spending of 4.9 percent during 2015. $302.7 billion dollars will be spent on business travel in America during the current year, according to the research. Lingering concerns over the U.S. economy will prevent even higher growth levels from being attained. The study sees a better outlook for 2016, predicting a gain of 5.4 percent to the level of $318.9 billion in U.S. business travel spending. Full Story Here:

 


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