Friday, September 16, 2016

Hospitality News For The Week Of 9/16/16

G6 Hospitality Launches Revolutionary Cloud-Based Revenue Management System For Motel 6 And Studio 6 Properties

The parent company of the hotel brands Motel 6 and Studio 6, G6 Hospitality LLC, has rolled out their G6 Revenue Optimization Workspace to its corporate-owned and franchisee properties. G6 worked closely with Above Property (Naples, FL) in the development of the revolutionary cloud-based revenue management system. The system provides rate and inventory management in near real-time, and does so from any device, anytime. Full Story Here:

 

Fitch: US hotels gain incremental negotiating strength over OTAs.

More favorable commission rates are now being negotiated with online travel agencies by U.S. hospitality companies, according to Fitch Ratings. This has been the result of several factors including a strong industry showing in fundamentals and the ongoing trend toward brand consolidations. Larger brands are, naturally, able to negotiate contract terms more favorable to their hotels. Fitch expects the mergers and acquisitions to continue through the next few years. Full Story Here:

 

US Hotel Occupancy Down 1.4 Percent To 62.8 Percent - Week Ending September 10th - 2016

Mixed results were recorded by the U.S. hotel industry during the week of 4-10 September 2016. According to figures published by STR, when compared to the same time period last year, industry wide occupancy dropped 1.4 percent to settle at 62.8 for the week. Average daily rate however climbed up by 1.8 percent to reach $118. 58 by the end of the week. Revenue per available room was almost unchanged at 0.3 to $74.45 at week’s end. Full Story Here:

 

Scoring the NFL’s impact on the hotel industry

As another NFL season has begun, STR has published the beginning of an on-going series on the impact the NFL has on hotel performance numbers in the various NFL cities throughout America. The study has compiled the stats from local area hotels and matched them to each NFL home game since 2008. Across the time span, the NFL contributed a net impact of $77 million in hotel revenue during the 2015 season. This includes the Super Bowl, Hall of Fame game, and games played in London. Full Story Here:

 

Visit Above Properrty


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

No comments:

Post a Comment