Saturday, November 19, 2016

Hospitality News For The Week Of 11/18/16

15-year survey reveals F&B decline in hotels, but potential remains 

The hospitality intelligence firm, HotStats, just released the results of a 15-year study of hotel food and beverage departments and their revenue performance across a nearly 45,000 room sample. The research found that UK hotels studied, food and beverage accounted for only 34.3 percent of hotel revenue. In the city of London it was even less at just 22 percent. HotStats attributes the findings to the growing cost of labor, which rose by 11.8 percent during the years studied. Growth in food and beverage revenue has lagged well behind the growth in room revenue during same time period. Full Story Here:

 

Moderate Growth Projected For The U.S. Hotel Industry In Final STR/Tourism Economics U.S. Forecast Of 2016

According to the last projections of 2016 released by STR and Tourism Economics, the U.S. hotel industry should see continued but muted performance growth in 2017. The predictions for the total year 2016 amount to flat occupancy at 65.4 percent, average daily rate up by 3.1 percent to $124.10 and revenue per available room increasing by 3.1 percent to reach $81.18 for the year. 2017 is predicted to bring occupancy levels lower by 0.5 percent to 65.1 percent, but average daily rate and revenue per available should climb by 2.8 percent and 2.3 percent respectively. Full Story Here:

 

Google says US hotel-related searches are up 25% in the US

Google has reported that hotel searches on the search engine rose by 25 percent between July 2015 and July 2016. This report comes as Google is in the midst of updating its Hotel Ads website. The changes enable hotel managers to filter language and pricing, while allowing under some pricing models, to delay payment until after a guest stays with the hotel. Full Story Here:

 

STR: US hotel results for week ending 12 November

Positive performance results were reported in the U.S. hotel industry for the week of 6-12 November 2016, according to data published by STR. Compared to the same time period last year, occupancy was up by 1.6 percent to 65.3 percent. Average daily rate climbed up 3.3 percent, to reach $122.70 for the week. And revenue per available room saw 5.0 percent of growth to end the week at $80.16. Full Story Here:

 

 

 


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

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