Friday, October 2, 2015

Hospitality News For The Week Of 10/2/15

North American Hotels Experiencing Heavy Business
The North American Hospitality Review (NAHR) was released in September 2015 by TravelClick, and the review states hotels are experiencing high numbers of advance bookings in the third quarter of this year. This indicates hotel industry performance should continue to be higher, compared to the same period last year, for the remainder of the year and into 2016. Industry wide numbers have all been significantly higher in 2015 and this should continue, despite the recent state of flux in worldwide markets. Full Story Here:

US Hotel Occupancy Up 2.3% To 70.3% Week Ending September 26TH - 2015
During the week of 20-26 September 2015, the U.S. hotel industry posted positive numbers yet again in figures when compared to the same period last year. Industry wide occupancy climbed 2.3 percent to reach 70.3 percent. Average daily rate rose 4.9 percent to $122.56 for the week. And revenue per available room was up by 7.2 percent, ending the week at $86.17. Full Story Here:

Hotel & Lodging Forecast 2016 has made their predictions for the hospitality industry in 2016. This comes in advance of next week’s The Lodging Conference. Usually Hotelguru waits until after the conference to make their predictions, however this year’s strong numbers made the projections easily made without conferring with other hospitality experts. It is now expected that the next twelve months will be the best ever recorded by the hospitality industry. Full Story Here:

Coffee is key to business meetings
Hilton Worldwide released the results of a global study of business meeting preferences by business professionals. Over two-thirds still prefer face-to-face meetings and most think the meetings are more productive when coffee and/or tea is served. This is particularly true in the U.K. and China where 61 and 58 percent respectively think this to be true. In the U.S., 71 percent of city dwellers said coffee was important to successful meetings. Full Story Here:

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