Friday, May 19, 2017

Hospitality News For The Week Of 5/19/17


Cuba opens to US hotel brands, with strings attached

The first ever South American Hotel Investment Conference Cuba was held in Havana this week. The purpose of the conference was to plan how the investment and promotion of Cuban international tourism will progress going forward. The Cuban Ministry of Tourism seeks foreign investment in and management expertise for its hotels  and other tourism projects. This will be accomplished through partnerships with Cuban companies and the government of Cuba. Full Story Here:

U.S. Travelers Need Time Off More Than Ever: Survey+ Finds Half are More Stressed Than a Year Ago [Infographic]

U.S. travelers are experiencing more stress than they were a year ago. This is according to a survey sponsored by Wyndham Vacation Rentals. In fact, the stress is bad enough that more than a third (37 percent) are canceling or delaying vacations due to the stresses of travel itself. Many Americans (67 percent) are becoming overwhelmed by the information overload of too many travel choices as well. 62 percent of U.S. travelers believe that finding accommodations with more room and privacy would help make travel less stressful. Full Story Here:

Infographic: US indie hotel performance strong

An infographic published by STR illustrates how independent hotels in the U.S. have been on a path of solid growth over the course of the last year. Factors driving the growth includes demand exceeding supply, with growth in rates pushing up revenue per available room by 4.6 percent in February for example. The infographic breaks the country down by regions and indicates average daily rate, occupancy and revenue per available room for independent hotels across America by region. Full Story Here:

US Hotel Occupancy Up Slightly (0.1 percent) To 67.9 Percent - Week Ending May 13th - 2017

Mostly positive performance figures were posted by the U.S. hotel industry for the week of 7-13 May 2017, according to published data from STR. Occupancy was up only by 0.1 to finish the week at 67.9 percent. Average daily rate was 2.1 percent higher, reaching $125.64 by the end of the week. Revenue per available room rose as well by 2.0 percent to end the week at $85.34. Full Story Here:

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