Monday, February 29, 2016

Hospitality News For The Week Of 2/26/16

STR: US results for the week ending 20 February

Industrywide performance measurements were all higher the week of 14-20 February 2016, when compared to the same time period last year. Occupancy rose by 0.6 percent, to reach 64.3 percent for the week. The average daily rate climbed 2.1 percent to attain $120.04 by week’s end. And revenue per available room was up 2.7 percent, rounding out the week at $77.17. Full Story Here:

 

Fast-forward to 2017: What will the global hotel industry look like?

Phocuswright in conjunction with SiteMinder recently released the results of their Independent Lodging Market Report. This report includes hospitality projections by industry experts. The U.S. market is predicted to grow 6.8 percent by 2017. Chains in Europe will see three times the growth of chains over independents during that time period. Online booking is projected to makeup 39 percent of total sales in Europe by then. The majority of the U.S. market will be comprised of online travel agencies, at 52 percent. Full Story Here:                                                                                                                    

The Hotel Yearbook 2036 Breaks New Ground, Looks 20 Years Into The Future

Published by the Swiss publisher, Wade & Co. The Hotel Yearbook 2036 takes a longer view of the hospitality industry across the next 20 years. Fictitious in nature, the Yearbook looks at possible future outcomes and end results, based on developments today. With so many rapid changes taking place industrywide, this is important considering twenty years ago no one saw OTA’s and WiFi connectivity for guests on the horizon. Full Story Here:

 

How Hotel, Airbnb Rates Compare Around the World

A study published by the bus travel booking website Busbud, compares rates between hotels and their Airbnb competition. The site examined 220,000 hotel and Airbnb listings in their compilation of 22 major world cities. Major takeaway was the cheaper rates found in 16 of the 22 cities. In North America mainly in the South, hotel’s edge out Airbnb by as much as $126.24 for example in Austin, Texas. Full Story Here:

 

 


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