Monday, February 6, 2017

Hospitality News For The Week Of 2/3/17

North American Hoteliers Greeted with Growth in the New Year

TravelClick has released the results of their January 2017 North American Hospitality Review (NAHR), indicating that 2017 should be a good year for the industry. Average daily rate and committed occupancy are both experiencing significant gains for the first two quarters of the year. Particularly strong is the transient segment with leisure travel up 10.8 percent and business transient up by 8.6 percent. Through the whole year transient bookings are up 3.2 percent compared to 2016, while average daily rate is up by 3.4 percent for the year as well. Full Story Here:

ALIS: Wall Street execs like hotel industry’s direction

The Americas Lodging Investment Summit was held in Los Angeles last week. During the summit a number of Wall Street leaders stressed their bullishness about the hospitality industry. According to members of the “Wall Street Outlook” panel discussion, a number of current conditions have them feeling positive about the industry’s future. The healthy state of the publicly traded hotel companies, the resurgence of real estate investment trusts, and the election of Donald Trump as President of The United States have all contributed to strong outlook for the industry. Full Story Here:

U.S. News & World Report picks top 15 U.S. hotels, including seven in the West

U.S. News & World Report published this week their rankings for best fifteen hotels in the U.S. and around the world. The rankings are based on a standard of “luxury hotels” with a minimum of 20 rooms. The factors going into the decision-making process include the ratings of guests on TripAdvisor, any awards or stand out recognition the property has received, and what class of hotel it belongs to, among others. The top five in the U.S. were: the Langham in Chicago; the Four Seasons Resort in Hualalai, Hawaii; the Jefferson in Washington, D.C.; Montage Kapalua Bay in Maui, Hawaii, and the Lodge at Sea Island at Sea Island, GA. Full Story Here:

US Hotel Occupancy Up 1.3 Percent To 57.8 Percent - Week Ending January 28th - 2017

Positive performance results were posted by the U.S. hotel industry the week of 22-28 January 2017, according to figures posted by STR. Compared to the same time period last year, industry-wide occupancy was 1.4 percent higher at 57.8 percent for the week. Average daily rate climbed up 2.3 percent to reach $119.93 at week’s end. Resulting in a growth rate of 3.8 percent for revenue per available room, rising to $69.35 for the week. Full Story Here:

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