Monday, October 26, 2015

Hospitality News For The Week Of 10/23/15

US Hotel Occupancy Up 3.3% To 67.9% During September 2015
The month of September 2015 was a positive one for the U.S. hotel industry, according to figures released by STR, Inc. As compared to the same period last year occupancy rose by 3.3 percent for the month, reaching 67.9 percent industrywide. The average daily rate climbed by 4.6 percent to $122.02. And revenue per available room was up by 8.0 percent, attaining $82.82 for the month of September 2015. Full Story Here:

US business travel spending growth slows in 2015
The Global Business Travel Association (GBTA) released its outlook report for the end of 2015 and into 2016. The growth rate in U.S business travel spending is projected to slow going forward through 2016. A number of factors have combined to create this scenario, including global economic uncertainty and inflation predicted to remain flat. Full Story Here:

STR: US results for week ending 17 October
The U.S. hotel industry posted positive numbers for the week of 11-17 October 2015, as reported by STR, Inc. Occupancy industrywide was up 1.8 percent to 71.8 percent. Average daily rate climbed 3.6 percent, reaching $123.77. And revenue per available room increased 5.5 percent, ending the week at $88.91. Full Story Here:

Stock declines temper industry cycle peak
Despite the hotel industry posting consistently positive numbers in the most important performance measurements, stocks of U.S. hotel companies have declined during the year. Equity analysts believe other factors are in play and the industry’s performance in general is not to blame. Experts point to the volatility and decline in the stock throughout 2015 as negatively influential on the hotel industry, regardless of actual figures. Full Story Here:

Posted via OnFast -

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