Friday, December 18, 2015

Hospitality News For The Week Of 12/18/15

Latest Lodging Forecast Extends Record U.S. Occupancy Through 2017

The December 2015 edition of Hotel Horizons, published by PKF Hospitality Research and CBRE Hotels, reports the recent record occupancy levels set by the U.S. hotel industry will continue through 2017. High occupancy levels should continue despite supply changes expected over the next two years. Since the global security situation is unpredictable, recent worldwide events did not play role in the company’s projections and could change the projected outcome. Full Story Here:


STR: US results for week ending 12 December

Compared to the same time period last year, the U.S. hotel industry recorded positive results across the three most important measurements during the week of 6-12 December 2015. Occupancy rose by 0.1 percent to reach 58.3 percent. Average daily rate climbed 3.0 percent to $115.42 by week’s end. Revenue per available room was up by 3.2, attaining $67.26 for the week. Full Story Here:


The Global Hotel Industry and Trends for 2016

2016 is projected to be a year of growth for the global hospitality industry, particularly in the U.S. Killarney Hotels put together an interesting infographic with predictions for hotels in the coming year. Worldwide the hospitality industry is projected to rise to the level of $550 billion in 2016. If this prediction holds true, industry wide revenue will have grown by nearly $100 billion in just five years time. Full Story Here:


Luxury Institute Survey Shows Affluent Travelers Rankings Of 40 Global Luxury Hotel Brands

The 2016 Global Hotels Luxury Brand Status Index was released by the objective and independent, Luxury Institute. In a study conducted with 3,900 affluent travelers around the globe, the top five brands are Four Seasons, The Ritz-Carlton, JW Marriott, Grand Hyatt, and InterContinental. The survey measured and ranked brands based on quality, exclusivity, social status, and self-enhancement. All brands were scored on a scale of 0-10. Full Story Here:


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