Monday, January 25, 2016

Hospitality News For The Week Of 1/22/16

Survey finds Americans see big savings in loyalty programs, but struggle to take advantage

According to a study by the Wyndham Rewards program, hotel loyalty programs are too complicated for American travelers to leverage in their travels. Yet despite this, a large majority at 77 percent, clearly see the advantages offered by such programs. The attitude towards travel and the economy has seen improvement, but fully 71 percent of U.S. travelers claim to be “cost-conscious”. A clear majority, at 53 percent, plan on traveling more in 2016 than they did last year. Full Story Here:


US Hotel Occupancy Up 0.8 percent To 53.0 Percent For December 2015

For the month of December 2015 the U.S. hotel industry was higher in the three most important measurement figures, in year-to-year comparison. According to figures from STR, Inc., occupancy was up by 0.8 percent, rising to 53.0 percent for the month. Average daily rate climbed 2.4 percent to reach $115.81, when compared to the same month the year before. And, revenue per available room rose by 3.2 percent to attain $61.41 last month. Full Story Here:                                                                                                                                                                              


STR: US results for week ending 16 January

Despite a drop in occupancy for the week, the U.S. hotel industry saw higher performance figures for the week of 10-16 January 2016. This is as compared to the same time frame last year. Occupancy was down by 0.7 percent, ending at 57.2 percent. Average daily rate was higher by 3.5 percent for the week, to reach $118.64 by week’s end. Revenue per available room increased by 2.8 percent, ending at $67.90 for the week. Full Story Here:


Hotel stocks hit by market turbulence

The recent volatility in the stock market has not left hotel stocks alone in its 2016 tumble. 2015 was difficult for hotel stocks, despite the industry putting up great fundamental figures during last year. The Baird/STR Hotel Stock Index declined 20 percent in the course of 2015. This trend has continued recently, mostly as a result of the difficulties experienced by the Chinese economy among other factors. Full Story Here:


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