Friday, May 5, 2017

Hospitality News For The Week Of 5/5/17

Hotels Reap More Profits But Aren’t Yet Winning the Direct Booking Wars

The 2017 Trends in the Hotel Industry report was recently published by CBRE Hotels’ Americas Research. The report shows profits in the hospitality industry rose in 2016, despite only small increases in occupancy (+0.2 percent) and average daily rate (+2.5 percent). Industry-wide total operating revenue was up by 2.4 percent, while gross operating profits climbed up by 3.7 percent. Hotels experienced cost increases in commissions paid to travel agents, OTA’s and others of 6.8 percent in 2016, indicating the efforts by hoteliers to increase direct bookings are note having the desired effect. Full Story Here:

Breach at Sabre Corp.’s Hospitality Unit

Another hospitality industry data security breach was disclosed, this time by Sabre Corp. in their quarterly filing with the U.S. Securities and Exchange Commission (SEC). In the filing, Sabre stated they are currently investigating unauthorized access to payment information in a subset of hotel reservations processed through the company’s SynXis Central Reservations System. According to Sabre over 32,000 properties use the system. The filing went on to report that the unauthorized access has been stopped and there is no evidence of continued unauthorized activity. Full Story Here:

4 Insights For North American Travel This Summer - By Marissa Rasmussen

Sojern published its latest Global Travel Insights Report regarding North American travel this summer. Nearly half (46 percent) of all travel searches for the month of June this year are for longer trips of more than 12 days. The two top departure dates in June 2017 have been June 1 and June 30. The top most searched travel destination for this summer is Seattle, alongside London, Orlando, and Chicago. Many people appear to be seeking long weekends away this summer as well with 21 percent searching for a Thursday departure and 22 percent searching for Friday. Full Story Here:

STR: US hotel results for week ending 29 April

Positive results were reported by the U.S. hotel industry during the week of 23-29 April 2017, according to data published by STR. Compared to the week of 24-30 April 2016, industry-wide occupancy was up by 3.7 percent, at 70.3 percent. Average daily rate climbed higher by 5.1 percent to reach $127.50 for the week. Revenue per available room rose 8.9 percent to end the week at $89.65. Full Story Here:

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