Friday, November 4, 2016

Hospitality News For The Week Of 11/4/16

Paris Hotels Report A Staggering 15.1% Decline In RevPAR Through The First Three Quarters Of 2016

Hotels in Paris, France are experiencing an astounding drop in revenue per available room across the first three quarters of 2016. France is still reeling from the effects of a series of terrorist attacks this year. Paris hotels have seen a decline in RevPAR of 15.1 percent in 2016 so far. In France as a whole, RevPAR has fallen by 11.0 percent during the same time period. This is according to figures published by STR, which projects performance to recover in the second half of 2017 barring future attacks. Full Story Here:


Tech is enhancing travel experiences: CTA survey

A new study released by the Consumer Technology Association (CTA) has found that nearly all travelers who own a smartphone are now using them to enhance their travel experience. The survey points out how travelers utilize their devices for information access, contact their people back home and record their travel experiences through photos and video. Smartphones are most commonly used (64 percent), but digital cameras (61 percent), tablets (27 percent) and laptops (17 percent) are used as well. Full Story Here:


Survey Reveals Latest U.S. Hotel Trends

The American Hotel & Lodging Association (AHLA) has published its 2016 Lodging Survey, conducted by STR. Key findings uncovered in the survey indicate how the hospitality industry is moving forward in a number of areas. Hoteliers are continually striving to improve the guest experience and provide a better value to their customers, while becoming a better global neighbor. Hotels are advancing through investments in technology, sustainability and charitable giving for example. Full Story Here:


STR: US hotel results for week ending 29 October

During the week of 23-29 October 2016, STR reports the U.S. hotel industry recorded positive performance figures. Compared to the same time period last year, industry-wide occupancy was up by 8.1 percent to 67.2 percent for the week. Average daily rate climbed 4.3 percent to finish at $125.98 by the end of the week. Revenue per available room rose 12.7 percent to attain $84.62 by week’s end. Full Story Here:


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