Friday, April 15, 2016

Hospitality News For The Week Of 4/15/16

U.S. Online Hotel Room Rates Are Up 12.2% From A Year Ago This April
Across the top 25 most popular destinations in the U.S., hotel room rates are up. This is when compared to April of last year. Rates are, on average, $213.85 in April 2016. This represents a 12.2 percent increase from last April. According to e-forecasting.com, 65 percent of all hotel reservations are completed online, either with online travel agencies or directly on brand websites. Last month, March 2016, rates averaged $197.08 among the top U.S. destinations. Full Story Here:


Global uncertainty causing delays in business travel growth
The Global Business Travel Association has released the results of their GBTA BTI Outlook - United States 2016 Q1, which indicates a continued slowing in growth of business travel originating in the U.S. Over the same period last year, 2016 will see a 1.8 percent growth in U.S. business travel. This represents what the GBTA calls “anemic but steady growth”. Several signs point to improvement during 2017, including U.S. election year being in the past and potential departure from the EU of the United Kingdom. Full Story Here:


Global Hotel Ranking - Top 10: What Does the Future Hold After the Marriott-Starwood Merger
Starwood Hotels & Resorts and Marriott International have agreed to terms in their merger, which should become final after each complete their shareholder meetings respectively. Afterward, Marriott + Starwood will become the largest hotel company in the world, with 1,108,852 rooms worldwide. Previously, Hilton Worldwide was the largest in the world now second. Now third, IHG was the largest hotel company around the world in 2015. Full Story Here:


10 percent of global travel spends influenced by TripAdvisor
Oxford Economics released, on behalf of TripAdvisor, the Global Economic Contribution of TripAdvisor report. According to the report’s figures, TripAdvisor was responsible for the generation of 22 million tourism trips, 352 million tourism nights and $64 billion in incremental travel expenditures globally, in just a year’s time. The report measures the impact in over 100 countries of the far-reaching influence on travel by TripAdvisor on a global basis. Full Story Here:


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

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