Friday, November 13, 2015

Hospitality News For The Week Of 11/13/15

The importance of travel & tourism to the global economy

Hospitality supplier Nerval has put together an infographic illustrating the importance of the travel sector to the world’s economy. A few examples include the fact that one out eleven jobs worldwide are related to travel or tourism. In 2013 9.5 percent of the world’s economy was contributed by travel and tourism. The travel sector outperforms the wider global economy in terms of growth 3 percent versus 2 percent for the rest of the world’s economy. Full Story Here:


Hotel loyalty isn’t ‘intimate’ I don’t mind

A report published by MBLM has the loyalty level of hotel customers ranked near the bottom of all U.S. brands. U.S. hotels fell to the bottom of loyalty ranking, behind automotive, retail, tech and many other industries. Among hotel brands, Four Seasons Hotels and Resorts, The Ritz Carlton, Marriott, Hilton and Holiday Inn were in the top ten travel companies. Among all U.S. industries, Apple, BMW, Toyota, Amazon, and Harley Davidson were the top five. Full Story Here:


Social media a powerful global influencer in holiday choices: VisitBritain report

A report published by VisitBritain, the national tourism agency of the U.K., highlights the important role played by social media in influencing the vacation plans of travelers. The survey questioned visitors from the U.S.A., Germany, India and South Korea. 89 percent of travelers from all those markets combined stated they used social media at least once in the vacation planning process. Nearly 70 percent acknowledged the influence of content posted by friends in making travel plans. Full Story Here:


STR: US results for week ending 7 November 

Once again the U.S. hotel industry recorded positive numbers in the three most important performance measurements, the week of 1-7 November 2015. According to figures from STR, in comparison to the same period last year, occupancy was higher by 0.2 percent to 66.4 percent. Average daily rate climbed by 3.1 percent to reach $120.73 for the week. Revenue per available room rose by 3.3 percent to end the week at $80.23. Full Story Here:


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