Friday, April 1, 2016

Hospitality News For The Week Of 4/1/16

New Report Reveals Airbnb Revenue In Los Angeles Driven By ‘Illegal Hotels’

Building evidence of a disturbing trend, the American Hotel & Lodging Association (AH&LA) released the Phase ll results of their ongoing study series of Airbnb practices, this time in the Los Angeles area. According to the survey, the majority (84 percent) of Airbnb operators offer properties for rent more than 30 days per year. 22 percent offer properties over half the year. Most troubling, is the 4.36 percent of operators who list properties more than 360 days a year, for $80 million in revenue annually, accounting for 30 percent of Airbnb’s Los Angeles area revenue. The AH&LA states these are, what amounts to, unregulated and illegal hotels. Full Story Here:

 

 

What Are The Most Searched Cities for Hotels by State?

The last-minute hotel booking service website, HotelTonight, released the results of their study of the most searched for cities in America by state. Not surprisingly, New York City and Chicago led the results. The two destinations combined to claim 12 of the 50 states nationwide. The large cities of Florida were also popular for last-minute hotel bookers, with Ft. Lauderdale and Orlando leading respectively. Atlanta, Baltimore, Boston, and Dallas were also well represented in multiple states.. Full Story Here:

 

STR: US hotel results for week ending 26 March

According to figures from STR, the U.S. hotel industry showed mostly negative results the week of 20-26 March 2016, in year to year comparisons. Industry wide occupancy was down by 5.6 percent to 65.5 percent for the week. Average daily rate climbed 1.3 percent to end the week at $123.57. However, revenue per available room dropped by 4.4 percent to end at $80.96. Full Story Here:

 

 

Fairmont Hotel Study Proves Cultural Immersion, Emotional Connection And Place Identity Define “the New Luxury” In Travel

Fairmont Hotel & Resorts released the initial results of their analysis of the state of luxury travel called, Luxury Insights Report: Stewardship of Iconic and Historic Buildings. The first part in a series, the report reveals the connection between luxury travel and emotional connection through place identity. Luxury travelers today are seeking more than great service in world class destinations, but are following their hearts as well. Full Story Here:


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