Friday, April 29, 2016

Hospitality News Fro The Week Of 4/29/16

Consumer mega-trends impacting hospitality in 2016: Report

Sabre Hospitality Solutions, in a partnership with TrendWatching, has released the results of their global study of consumer travel trends called Consumer Mega-Trends Impacting Hospitality. The report analyzes emerging mega-trends which will shape the future of hotels. Key facets of the study include the supremacy of guest personalization to today’s traveler. Another takeaway is the importance of marketing messages being in context and relevant, rather than bombarding consumers with general offers constantly. Full Story Here:

 

US Hotel Occupancy Down 1.9 Percent To 68.4 Percent Week Ending April 23rd - 2016

Mixed results were reported by the U.S. hotel industry the week of 17-23 April 2016. Industrywide occupancy dropped by 1.9 percent to 68.4 percent, when compared to the same time period last year. Average daily rate however climbed up by 1.8 percent by week’s end to reach $122.47. Revenue per available room remained nearly flat at - 0.1 percent, ending the week at $83.76. Full Story Here:

 

Weakening Spring New Reservation Demand Produces Cloudy Outlook For Hoteliers 

Accordingto data from TravelClick’s April 2016 North American Hospitality Review, new reservation growth is weakening in the majority of North American hotel markets. Particularly in the business travel segment, transient bookings are down by -0.2 for the next year. However, committed occupancy is up in 18 of the top 25 markets across North America, when compared to last year. Full Story Here:

 

Hilton officials expect rebound after soft Q1

A number of global concerns have been impacting the hospitality the first quarter of 2016. The combination of dropping oil prices, concerns over China’s uncertain economy, and threats of terrorism highlighting security issues in Europe have held the worldwide hospitality industry down so far in 2016. Hilton Worldwide has released their 1st quarter earnings report, indicating mixed results, with occupancy down 0.3 percent. However Hilton expects a rebound for the remainder of the year. Full Story Here:

 

 


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