Thursday, August 20, 2015

Hospitality News For The Week Of 8/14/15

US hotel industry eclipses 5 million rooms
The U.S. hotel industry crossed a major milestone in June 2015. For the first time in history there are now over 5 million hotel rooms across America. According to figures from STR, Inc.; the nation’s 53,554 hotel properties had 5,001,163 rooms. Since February 2008 the U.S. hotel industry has grown by and average of more than 5,600 rooms per month. Full Story Here:

STR: US results for week ending 8 August
Positive results were reported yet again by the U.S. hotel industry the week of 2-8 August 2015, as compared to the same period last year. Industry-wide occupancy was up by 1.6 percent for the week. Average daily rate rose by 4.0 percent to $123.84. Revenue per available room climbed 5.7 percent, ending the week at $95.34. Full Story Here:

Ritz-Carlton Hotel Company Leads Online Conversation Among Hotel Brands
According to rankings released by Engagement Labs, The Ritz-Carlton Hotel Company leads all other hotel brands in social media engagement on both Facebook and Twitter. However, in word of mouth rankings, Hilton Hotel & Resorts lead all others. Best Western International and Marriott International were second and third ranked respectively on Facebook. Hilton Hotels & Resorts and Marriott Hotels ranked second and third place on Twitter. Full Story Here:

Proposed Expedia-Orbitz Deal Causing Widespread Concern
Industry-wide concern is mounting around the the proposed Expedia-Orbitz merger. The American Hotel & Lodging Association (AH&LA) has announced its opposition to the deal and is asking the Department of Justice to deny the proposal. The concern is that the online travel agency (OTA) market would be controlled by only two companies, Priceline and Expedia. This would create a Duopoly resulting in the potential for drastically higher booking fees charged to hotels by the OTA’s. Full Story Here:

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