Friday, December 11, 2015

Hospitality News For The Week Of 12/11/15

Tourism Megatrends: 10 Things You Need To Know About The Future Of Tourism

Tourism is growing worldwide and this trend is expected to continue for the foreseeable future. This is according to a study released by Horwath HTL. The study identifies ten factors currently shaping the future of global tourism. The growing number of senior citizens with the time and money to travel is cited as a driving force behind these travel increases. As is the immense number of Millennial Generation travelers coming into their time, a growing middle class worldwide, and the evolution of technology. Full Story Here:


Terrorism And Turmoil Biggest Deterrents To Tourism

While tourism is growing worldwide, there are deterrents to growth as well. Terrorism, conflicts, and health concerns are among the influences toward travelers making or changing their plans. The CMO Council and AIG Travel published their report on the opinions and concerns that drive consumers to alter their travel arrangements. One result of negative world events is the rise in travel insurance taken out by travelers in the event their trips are cancelled or ruined by outside forces. Full Story Here:


Guests willing to share data in exchange for personalized hotel service: study

A study recently released by Sabre Hospitality Solutions and Forrester Consulting has pointed out the public’s willingness to give up their personal information to hoteliers, in exchange for a higher level of personalized service. The research shows how, despite almost two thirds of leisure travelers having no hotel brand loyalty, hoteliers are missing the opportunity presented by customer personalization. Full Story Here:


STR: US results for week ending 5 December

Positive results were attained in two of the three most important hotel industry performance indicators during the week between 29 November 2015 and 5 December 2015. This is according to industry wide figures published by STR, Inc. The industry wide average occupancy fell by 0.4 percent, as compared to the same period last year. More positively, average daily rate climbed 1.8 percent to reach $116.51 by week’s end. And revenue per available room rose 1.5 percent to $66.37 for the week. Full Story Here:



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