Friday, May 13, 2016

Hospitality News For The Week Of 5/13/16

Low gas prices, inbound travel fuel promising US summer

Hoteliers across the U.S. are preparing for what looks to be a very busy summer travel season. A combination of factors is expected to create hotel demand at or above the figures from 2015’s strong summer. Cheaper gas, stronger consumer confidence, increased domestic and international travel are building up anticipation for the summer. Travelers are beginning to show a trend toward traveling longer distances for their vacations. Full Story Here:

 

Hotel owners’ suit fights Marriott’s Starwood bid

The recent acquisition of Starwood Hotels & Resorts Inc. by Marriott International Inc. is running into opposition from a group of hotel owners in New York and Chicago. The owners claim the merger will violate contract clauses designed to prohibit franchise hotel competition from within the same company encroaching on their business. The owners are suing to block the already troublesome merger. Full Story Here:                                                                  

 

Infographic: How millennials want to use tech in hotels

 

Oracle Hospitality recently completed a study of how the millennial generation prefers to use their mobile devices when staying in a hotel. The study called, “Millennials and hospitality: The redefinition of service”, questioned 9,000 millennials in eight countries. The results were published by STR Inc. and summarized in an interesting infographic. Useful takeaways for hoteliers seeking to connect with millennials include, 55 percent want to access their own content through guest room equipment. And 87 percent use their smartphones on hotel property. Full Story Here:

 

US Hotel Occupancy Down 1.6 Percent To 65.8 Percent Week Ending May 7th - 2016

 

Across the three key hotel performance measurements during the week of 1-7 May 2016, the U.S. hotel industry put up mixed results when compared to the same period last year. Industry wide occupancy fell 1.6 percent to 65.8 percent for the week. Meanwhile, average daily rate climbed 2.1 percent to reach $123.43 by week’s end. Revenue per available room was up 0.4 percent to $81.19 by the end of the week. Full Story Here:

 


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

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