Friday, August 19, 2016

Hospitality News For The Week Of 8/19/16

Southern Lodging: Uncertainty grows among US hoteliers

The Southern Lodging Summit was recently held in Memphis, Tennessee and the keynote panel speakers reported growing concern and uncertainty in the U.S. hotel industry. While overall performance has been positive, there are some troubling indicators however. Financing, supply growth and distribution concerns were pointed out by the panel of hotel company executives as factors currently impacting U.S. hoteliers. Full Story Here:

 

New Loyalty Program Rankings Reveal a Growing Points Divide for Travel Brands

U.S. News & World Report released the results of their annual travel rewards rankings, indicating a change in results. The Best Travel Rewards Programs report has, since its inception in 2013, ranked Marriott Rewards as number one. But the 2016 rankings are shifted with Wyndham Rewards now number one. Wyndham completely restructured its rewards program in 2015, greatly simplifying it in the process. Since the re-build Wyndham Rewards has added an additional 7 million members. Full Story Here:

 

US hotels saw 6% growth in direct bookings, online and mobile, in Q216

Research released by the travel technology company TravelClick shows a significant rise in direct hotel bookings. When compared to the same time period in 2015, second quarter direct hotel website bookings rose by 6 percent. This data indicates a much higher growth rate for brand site bookings over online travel agencies. OTA’s posted a 3.3 percent growth rate during the same period. Future reservations for the third quarter show 33 percent are on brand website and 21.6 percent are through OTA’s. Full Story Here:

 

US Hotel Occupancy Down 1.5 Percent To 73.1 Percent Week Ending August 13th - 2016

Mixed results were reported by the U.S. hotel industry for the week of 7-13 August 2016. According figures published by STR, industry-wide occupancy dropped by 1.5 percent to 73.1 percent. This is when compared to the same week last year. Average daily rate climbed up 2.6 percent however, reaching $125.98 by week’s end. Revenue per available room increased as well, rising by 1.1 percent to $92.12 for the week. Full Story Here:

 


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