Thursday, March 31, 2016

Hospitality News For The Week Of 3/25/16

Phoenix Report Reveals 85% of Airbnb Operators Listed Properties for Rent More than 30 Days, Bringing in $41 Million in Profits

There is mounting evidence to suggest that there is a growing trend in commercial operators running illegal hotels utilizing the short-term rental website, Airbnb. The American Hotel & Lodging Association (AH&LA) released the results of a study focusing on commercial activity in the Phoenix area involving Airbnb. The research shows that properties listed more than 30 days per year make up 85% of the listings on the website. This accounts for $41 million dollars in revenue for Airbnb in the Phoenix area. Full story here:

US Hotel Occupancy Up 1.9 Percent To &0.5 Percent Week Ending March 19th - 2016

According to data from STR, the U.S. hotel industry showed positive numbers in the three performance measurements the week of 13-19 March 2016. Occupancy was up by 1.9 percent, when compared to the same time period last year, reaching 70.5 percent for the week. Average daily rate climbed 4.2 percent to $127.72 by week’s end. Revenue per available room rose by 6.2 percent to finish the week at $90.04. Full story here:

TripAdvisor’s Traveller’s Choice awards ranks world’s top destinations

TripAdvisor has released the results of its annual Traveler’s Choice awards, ranking the favorite destinations around the world. The top three in order are London, United Kingdom; Istanbul, Turkey; and Marrakech, Morocco. The results were compiled with an algorithm which took into account both quality and quantity of reviews and ratings of hotels, restaurants and attractions worldwide. Full story here:

Luxury wellness travel and the millennial generation

SpaFinder Wellness released the results of their survey of 200 travel agents across North America and Europe regarding wellness travel. The study examined the demographics of those travelers who are largely motivated to book travel around the availability of wellness facilities and amenities such as spas. Leading this travel segment are people aged 46 to 55. However, Millennials are fast becoming the core of this segment. Full story here:

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