Friday, February 12, 2016

Hospitality News For The Week Of 2/12/16

US Hotel Industry Recession Risk Remains Low

The measure of hotel business activity, e-forecasting.com’s Hotel Industry’s Pulse (HIP), was just recently released. The predictive analytic rose by 0.4 percent in January. This followed a 0.2 percent rise in December. The six-month growth rate stood at 2.8 percent, which had followed a 2.5 percent rate in December. The analytics further indicates no sign of recession. Full Story Here:

 

Top CEOs: Both good, bad signs for hotels

The recent 2016 Americas Lodging Investment Summit featured a “View from the Boardroom” meeting of some of the industry’s top CEOs. Ultimately there was a wide range of opinions, with both positive and negative points espoused. This resulted in a variety of conflicting conclusions being drawn at the end of the meeting. Full Story Here:

 

STR: Airbnb has no ‘material’ impact on Manhattan’s room demand

According to a report issued last week by STR, Airbnb has not had a negative impact on the Manhattan hotel industry. The report states that the 9 percent of Manhattan’s 92,000 total lodging units comprised of Airbnb units account for only 3.5 percent of the total revenue from lodging in the borough. Airbnb has much lower occupancy rates than hotels, while rates are about $100 less per night compared with hotels as well. Full Story Here:

 

AH&LA Applauds Bipartisan Bill To Protect Consumers from Online Hotel Booking Scams

Representing all the segments of the U.S. lodging industry, The American Hotel & Lodging Association (AH&LA), announced its support for a bipartisan bill introduced in Congress. The bill is designed to protect American consumers from the approximately 15 million hotel booking scams each year.  Fraudulent websites, posing as hotel sites, are stealing money from both the public and hoteliers. The bill would put specific safeguards in place while also taking corrective action as well. Full Story Here:

 


Posted via OnFast - http://www.OnFast.com

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