Monday, November 2, 2015

Hospitality News For The Week Of 10/30/15

ReviewPro releases its 2015 Top Luxury Hotel & Brand Report

ReviewPro, a guest intelligence solutions provider, released the results of their second annual report of the most highly rated luxury hotels and brands around the world. The report is based on reputation scoring and is compiled from guest reviews from a variety of online sources. TripAdvisor is the largest source of these online guest reviews, providing 28 percent of the total number of online guest reviews. Guests at luxury hotels posted an average of 836 reviews per hotel during 2015. Full Report Here:  


STR: US results for week ending 24 October

Industry wide, U.S. hotels performed well for the week of 18-24 October 2015, recording positive results. As compared to the same time frame last year, occupancy rose by 1.7 percent to reach 70.6 percent. Average daily rate climbed by 4.6 percent to $124.76 by week’s end. Revenue per available room increased by 6.4 percent to close the week at $88.08. Full Story Here:


Millennials Want to Travel More for Business, Embrace Value of Face-to-Face Meetings

The Global Business Travel Association (GBTA) recently released the results of their Business Traveler Sentiment Index. The study found that members of the Millennial Generation are almost two times more likely to travel for business than their Baby Boomer counterparts. Additionally, the research went on to state the importance of conducting business in person, according to Millennials. A solid majority, at 57 percent, believe face-to-face meetings will never be replaced by technology. Full Story Here:


US Hotel Occupancy Up 1.4 percent to 71.3 percent For Third Quarter 2015 

The three major hotel performance yardsticks indicated positive growth in year-to-year measurements for the third quarter of 2015. Occupancy increased by 1.4 percent to stand at 71.3 percent for the quarter. Average daily rate climbed 4.5 percent to reach $122.66 for the quarter. And revenue per available room was up 5.9 percent to $87.47 for the third quarter of 2015. Full Story Here:


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