Friday, May 6, 2016

Hospitality News For The Week Of 5/6/16

Online and Mobile Bookings Continue to Strengthen Hotel Performance

According to data published in TravelClick’s North American Distribution Review (NADR; Q2 2016), hotels in North America are experiencing continued growth in both online and mobile bookings. The report is an aggregate of hotel bookings by channel. TravelClick projects online (OTA’s, hotel sites, and GDS) booking growth to remain positive in the next quarter, especially for hotel websites and OTA’s. The report highlights the migration by the traveling public away from obsolete technology and toward greater acceptance of digital technology for travel. Full Story Here:

 

US Hotel Occupancy Up 1.5 Percent To 68.0 Percent Week Ending April 30th - 2016

The U.S. hotel industryput up positive numbers in the key performance measurements, for the week of 24-30 April 2016. According to data from STR, industry wide occupancy climbed 1.5 percent to reach 68.0 percent for the week when compared to the same period last year. Average daily rate rose by 0.6 percent to $121.15 by the end of the week. Revenue per available room was up by 2.2 percent, reaching $82.34 by week’s end. Full Story Here:

 

TripAdvisor changes Popularity Ranking algorithm

TripAdvisor is implementing changes to its ranking algorithm designed to limit the influence of so-called “fast risers”. The intention of this change is to raise the level of accuracy for the rankings, according to the company. TripAdvisor expects the accuracy of rankings to drop during the transition period, but will improve as the rankings stabilize over time. Full Story Here:

 

Megamergers could spur new wave, types of consolidation

A new wave of mergers and consolidations within the hospitality industry could be coming soon, according to a panel discussion at Michigan State University Real Estate Investment Management Advisory Council. A number of factors were cited as possible drivers of these mergers, including globalization, the fluctuating price of oil, and the relationship between smaller start-up companies and large, established corporations. Full Story Here:

 


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

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