Friday, August 11, 2017

Hospitality News For The Week Of 8/11/17


Modest Growth To Continue For U.S. Hotels

STR and Tourism Economics have released at the 2017 Hotel Data Conference their latest forecast for the U.S. hotel industry through 2018. The forecast projects a continuation of modest growth levels for the remainder of this year and all of the next. So far this year demand growth has exceeded previous projections resulting in a revised upward forecast for 2017 in revenue per available room. RevPAR is expected to be +2.3 percent for 2017, in year-to-year comparison. Full Story Here:


U.S. News & World Report Reveals 2017-18 Best Travel Rewards Programs

U.S. News & World Report has published their list of the 2017-18 Best Travel Rewards Programs with Marriott Rewards taking the top honors. Continuing in order: Wyndham Rewards, Choice Privileges, World of Hyatt, and Best Western Rewards rounded out the top five in the hotel category. The rankings were based largely on the ease of earning and redeeming the travel rewards in addition to free amenities, program-affiliated credit cards and redeemable experiences. Full Story Here:


Infographic: The Tech Hoteliers Expect By 2015

Oracle has created an interesting infographic illustrating what new technology hoteliers would like to see come to fruition during the next five years to eight years. According to the report guest facial recognition technology is desired by 72 percent of the surveyed hoteliers. Other top tech requests include VR for both staff training and guest entertainment, cleaning robots and staff activity tracking via wearable tech. Full Story Here:


STR: US hotel results for week ending 5 August

According to figures reported by STR, the U.S. hotel industry posted largely negative performance results for the week of 30 July through 5 August 2017. In year-over-year comparison, industry-wide occupancy was down -1.5 percent to 74.5 percent for the week. Average daily rate was higher however at +0.7 percent, finishing the week at $129.00. Revenue per available room was -0.8 percent lower, ending the week at $96.08. FullStory Here:


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