Friday, January 29, 2016

Hospitality News For The Week Of 1/29/16

5 important US hotel and travel trends with the power to shape 2016

With the beginning of a new year in mind, SiteMinder and the California Hotel and Lodging Association jointly identified five trends which could shape the hospitality industry in the U.S. during 2016. Americans receiving increased time for paid vacations by their employers should give hotels a boost. Mobile will continue to play a growing role in hotel bookings. Hotels will increasingly share their facilities, such as spas and golf courses, with Airbnb guests. World travel is becoming more accessible with countries like Cuba opening to Americans. Online hotel room distribution will continue to grow as well. Full Story Here:


Hotel Market Hits Its Peak

The Americas Lodging Investment Summit is being held in Los Angeles this week. The summit opened with a panel of industry experts stating that the hotel market has hit its peak, but should remain there through this coming year. Several factors, including the volatile economy worldwide, however give reason for caution. While growth will continue, the rate of it is slowing. Full Story Here:


US Hotel Occupancy Drops 1.9 Percent To 56.2 Percent Week Ending January 23rd - 2016

According to figures published by STR, Inc. the U.S. hotel industry put up mixed performance numbers for the week of 17-23 January 2016. As compared to the same time frame last year, industry wide occupancy was down 1.9 percent to 56.2 percent. However, average daily rate climbed by 2.5 percent to $116.51. Revenue per available room was up by 0.5 percent, attaining $65.51 by week’s end. Full Story Here:


Hotels Start 2016 Strong, Led By Increase In New Group Business

The new year of 2016 has begun for hoteliers with strong growth in hotel bookings. This surge has been experienced by 76 percent of North America’s top 25 markets. While business demand has slowed, leisure and wholesale bookings are up. With the decreased number of business hotel bookings hoteliers are forced to concentrate on other market segments with lower average daily rates. Full Story Here:


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