Friday, July 22, 2016

Hospitality News For The Week Of 7/22/16

STR: US hotel performance for Q2 2016

The second quarter of 2016 saw the U.S. hotel industry post positive numbers in the three key performance measurements. When compared to the second quarter of 2015, occupancy was nearly unchanged at 0.6 percent for the resulting 69.4 percent. Average daily rate was 2.9 percent higher at $124.47 for the quarter. Revenue per available room climbed by 3.5 percent to reach $86.33 at the end of the quarter. Full Story Here:  

 

The Potential Economic Impact Of Brexit For London, The UK And Europe

The recent vote by the United Kingdom toexit the European Union has resulted in an uncertain economic future for Britain. PwC has revised its projections for the U.K. downward in response to this development. PwC expects growth of GDP to be 1.6 percent for 2016 and 0.6 percent in 2017. This is a reduction from the previous projection of 1.9 percent and 2.3 percent, prior the vote to leave the EU. Growth is expected to return after narrowly averting a recession in 2017. Full Story Here:

 

STR: US hotel results for week ending 16 July

The week of 10-16 July 2016 ended with mixed results being reported by the U.S. hotel industry. Compared to the same time period last year, industry wide occupancy dropped 1.4 percent to end the week at 77.5 percent. Average daily rate however climbed 3.4 percent to attain $128.12 by the end of the week. Revenue per available room was higher as well, rising 1.9 percent to reach $99.33 at week’s end. Full Story Here:

 

Travel And Hospitality Brands Miss The Connection With Travelers

The travel and hospitality industry fails to fully engage and connect with travelers across all social media platforms, according to the report entitled State of Social Engagement 2016. Released by Lithium Technologies, the study found that travel brands do not respond quick enough on social media to customer concerns. They usually respond by focusing upon only one channel, at the expense of all the others. Furthermore, when customers come to brand social media for either support or assistance of any kind, all they usually find is sales information. Full Story Here:

 


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

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