Friday, September 18, 2015

Hospitality News For The Week Of 9/18/15

Why the DOJ approved the Expedia/Orbitz deal 
The U.S. Department of Justice (DOJ) gave the go ahead to Expedia to proceed with their acquisition of Orbitz, an online travel agency rival. This despite widespread opposition from the hotel industry, led by the American Hotel & Lodging Association, which fears a duopoly of only two leading online travel agencies; Expedia and Priceline. Among the reasons given by the DOJ is the current evolution-taking place in the industry with recent entrance of TripAdvisor’s Instant Booking and Google’s Hotel and Flight Finder. Full Story Here:

Business Travel Bookings Are Higher Than Or On Par With Last Year
A survey of 392 leading corporate travel specialists by Travel Leaders Group, found that over 80 percent of them stated their business travel bookings are either higher or the same as the same time period in 2014. The results were published as part of the 2015 Fall Travel Trends Survey of 1,152 travel agent experts. Almost 70 percent reported their clients added a hotel reservation onto their travel itineraries. Additionally, an over 68 percent majority report their clients book “Luxury” or “Upper Upscale” category hotel accommodations. Full Story Here:

STR: US results for week ending 12 September 
All three key performance measurements declined in the U.S. hotel industry for the week ending 12 September, according to figures from STR. When compared to the same period last year, occupancy was down by 6.4 percent to 63.8 percent. Average daily rate dropped by 1.2 percent to $116.07. Ending the week at $74.03, revenue per available room slid down by 5.5 percent. Full Story Here:

Today’s Traveler: How Online Travel Is Changing {infographic} 
Spring Metrics put together an infographic illustrating how the traveler of today is booking their travel. The infographic shows how travelers are overwhelmingly shifting to book travel online. For both business and leisure travel, hotel websites lead online travel agencies as the preferred booking method. 96 percent report beginning the travel planning process on search engines. Full Story Here:

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