Friday, July 15, 2016

Hospitality News For The Week Of 7/15/16

2017 Global Travel Price Outlook Identifies Key Risks For Global Market

The Global Business Travel Association (GBTA) has published research which points out risk factors for the worldwide travel industry going forward into 2017. The report, called the 2017 Global Travel Price Outlook, indicates the performance of emerging markets, geopolitical risks, Britain’s uncertain future in the aftermath of exiting the EU, U.S. interest rates, and the global price of oil as forces shaping the future of the hospitality industry and the world as a whole. Full Story Here:

 

Google adds new hotel deals and flight tracking features

Google announced they are beginning to roll out a series of updates designed to help travelers find the best deals in airline tickets and hotel accommodations. These updates will identify and bring up results with significant price reductions, leading to two times as many bookings for those flights or accommodations. Users will also have the ability narrow results further with a variety of filters. For travelers with flexibility, the results can identify different times and dates for even further savings. Full Story Here:

 

Hotel guest satisfaction plateaus as “perks” become standard expectations: J.D. Power study 

J.D. Power has released its 2016 North America Hotel Guest Satisfaction Index Survey. The report is based on the responses of over 63,000 hotel guests in both Canada and the United States, gathered between May 2015 and May 2016. The survey reports that customer satisfaction has risen for the fourth consecutive year, but only by a small amount this time. This may indicate recent improvements made by hotels offering greater value may be now taken for granted and expected by hotel guests. Full Story Here:

 

US Hotel Occupancy Down 6.4 Percent To 67.4 Percent Week Ending July 9th 2016

Mixed results were reported by the U.S. hotel industry for the week of 3-9 July 2016, according to data released by STR. As compared to the same period in 2015, industry-wide occupancy dropped 6.4 percent, finishing at 67.4 percent for the week. However, Average daily rate improved by 1.3 percent, ending the week at $121.11. Revenue per available room was also down by 5.2 percent, to end up at $81.59 by week’s end. Full Story Here:

 


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