Monday, July 24, 2017

Hospitality News For The Week Of 7/21/17

G6 Hospitality Selects Above Property® for Advanced Hospitality Technology Platform

G6 Hospitality, LLC has announced the selection of Above Property® for its cloud-based travel platform services suite at the Motel 6 and Studio 6 properties. The parent company G6 Hospitality is continuing an existing partnership with Above Property® in the platform transformation of its properties. Above Property's Distributed Reservations, Inline Revenue Management®, Channel Management, Call Center, and Content Management modules re-imagine how core travel systems operate today. Through an orchestrated multi-datacenter, multi-cloud provider configuration, Above Property brings a new level of speed, stability and scalability to the travel industry. Full Story Here:

Summer Continues With Inconsistent Rates And Bookings For North American Hoteliers

TravelClick has released its North American Hospitality Review (NAHR) for July 2017. The report indicates inconsistency in average daily rate and bookings across all travel segments going into the third quarter of 2017. Some travel segments however are showing positive indications of growth. Group travel has grown by 1.3 percent in average daily rate and transient travel bookings have risen by 2.6 percent. Overall average daily rate inched up only 0.1 percent, while overall bookings dropped by -0.8 percent. Full Story Here:

Strength in Global Economy Means Higher Travel Pricing in 2018

The Global Business Travel Association (GBTA) has published its fourth annual 2018 Global Travel Forecast, predicting higher travel pricing across all travel sectors in 2018. The report, created in partnership with Carlson Wagonlit Travel and the support of the Carlson Family Foundation, expects increases of as much as 4 percent in some sectors. Hotel prices are forecast to be 3.7 percent higher in 2018. Reasons cited include Uncertainties and risk in global politics and emerging markets. Full StoryHere:

STR: US hotel results for week ending 15 July

According to figures published by STR, the U.S. hotel industry posted mostly positive performance figures for the week of 9-15 July 2017. Compared to the same period last year, industry-wide occupancy dropped slightly by -0.1 percent to 77.4 percent for the week. Average daily rate was up by 1.7 percent however, ending up at $130.76. by the end of the week. Revenue per available room climbed 1.6 percent higher to finish the week at $101.15. Full Story Here:  

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