Friday, July 8, 2016

Hospitality News For The Week Of 7/8/16

Global hotel pulse: America’s news
Hospitality industry experts are predicting hotel occupancy in the U.S. to remain virtually flat through 2017. In turn, this will slow down the growth of revenue for hotels industry wide. Widespread panic across the hotel industry like in a recession is not expected however. Growth in supply having finally caught up with demand is the reason given. The first hotel operated by an American company in over half a century has opened in Cuba. The Four Points by Sheraton is located in Havana and is owned by Starwood Hotels & Resorts. Full Story Here:

What do guests actually say when they leave negative hotel reviews?
Hospitality CRM tech provider Ryan Solutions, recently completed and published their study of 5,000 recent poor hotel reviews. The analysis is designed to give hoteliers an idea of what is really being said by hotel customers in their reviews. Cleanliness, staff, and comfort led above all other concerns in importance to hotel customers in the report. Full Story Here:

American leisure and business travelers: Current trends
A recently completed travel survey by Choice Hotels has found, among other things, that 72 percent of travelers this summer are taking to the roads by car to their destinations. 58 percent state they would like to visit Cuba once the embargo is completely lifted, but not in the first year. Nearly one out of ten travelers claim their main motivation for travel is to brag on social media about it. Almost half, at 42 percent say they enjoy staying in a hotel because they don’t have to clean the bathroom. Full Story Here:

US Hotel Occupancy Up 4.8 Percent To 71.5 Percent Week Ending July 2nd - 2016
The week of 26 June through 2 July 2016 was positive for the U.S. hotel industry. In year-to-year comparison, industry wide occupancy rose by 4.8 percent to 71.5 percent for the week. The average daily rate climbed 3.6 percent to attain $123.97 by the end of the week. Revenue per available room was up by 8.6 percent as well, reaching $88.64 at the end of the week. Full Story Here:

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