Friday, January 8, 2016

Hospitality News For The Week Of 1/8/16

STR: US results for week ending 2 January

The US hotel industry had a positive week of 27 December 2015 through 2 January 2016, compared to the same period last year. According to figures from STR, Inc. industry wide occupancy rose by 5.5 percent to 54.7 percent. Average daily rate climbed 3.2 percent to reach $128.90 by week’s end. And revenue per available room was 8.9 percent higher at $70.52. Full Story Here:


January Profits Per Room Fall 0.3% For US Hoteliers

The leading indicator for hoteliers making decisions regarding the future, profits per room was down by 0.3 percent for this January. Additionally, has the unit (per room) cost index higher by 3.6 percent. In the U.S. market, profit margins were down by 2.7 percent last month in December. Full Story Here:


Hoteliers Increasing Marketing Budgets in 2016, with Heavy Emphasis on Mobile

A newly released survey completed by TravelClick indicates the majority of hoteliers will be allocating more funding for marketing in their budgets. The increased marketing budgets come with a surge in spending on mobile for most. The report states over 57 percent of hoteliers will be increasing marketing budgets for 2016. The research also importantly indicates one third of respondents, who are increasing their mobile spending, are doing so because they doing so because of their mobile growth trend experience. Full Story Here:


6 Travel Trends For 2016

TripAdvisorhas released its latest Trip Barometer study which points out trends to watch for in the coming year 2016. A few takeaways include the fact of an increasing desire by travelers to seek all new experiences in travel. Including adventure travel, cruising, and solo travel. Most plan to spend more on travel and destination travel is at the top of their list in their pursuit of culture. Full Story Here:


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