Friday, May 12, 2017

Hospitality News For The Week Of 5/12/17


Hotel Industry Stares Down Expedia and Priceline

The American Hotel & Lodging Association(AHLA) is stepping up its efforts to publicize what it sees as a duopoly over the hotel industry by Expedia Inc. and Priceline Group Inc., according to documents acquired by The AHLA is attempting to persuade government officials of unfair practices of the online travel agencies. The association says consumer choice is hurt and small businesses suffer under the current situation. Full Story Here:

Eye on Hospitality: Increase in Tourism a Boon for Restaurants and Hotels

According to projections from the U.S. Department of Commerce’s National Travel and Tourism Office (NTTO), 78.6 million international visitors are expected to enter the United States in 2017. The NTTO sees steady growth in international travel to the U.S., projecting over 94 million visitors by 2021. A 28 percent increase is the expectation between 2015 and 2021, according to the NTTO, boosting confidence within the hospitality industry. Full Story Here:

U.S. Travel Industry Jobs Show Healthy Growth During Trump’s First 100 Days

Job growth in the leisure and hospitality sector has surged recently with 55,000 jobs created in April 2017, according to the latest jobs report from the U.S. Bureau of Labor Statistics. The travel industry was the top sector in the U.S. for jobs growth in the month of April. This represented a 2 percent growth rate at 15.8 million jobs in the industry, compared to the same month last year. Full Story Here:

US Hotel Occupancy Up 3.3 Percent To 67.9 Percent - Week Ending May 6th 2017

Positive performance figures were posted by the U.S. hotel industry during the week of 30 April to 6 May 2017, according to STR. When compared to the same time period last year, industry-wide occupancy rose by +3.3 percent to reach 67.9 percent by the end of the week. Average daily rate climbed up +2.4 percent, to attain $126.67 by week’s end. Revenue per available room was +5.8 percent higher at $85.96 for the week. Full Story Here:

1 comment:

  1. This is great for US to stepping up in the field of hospitality and hotel industry which is the main source of economic of there. You can also get the efficient and high skilled hospitality management services from Hotel Management Company.