Friday, October 20, 2017

Hospitality News For The Week Of 10/20/17


Study: Tourism Generates More Than a Third of Jobs, Half of GDP in North American Destinations

The World Travel & Tourism Council (WTTC) recently published a study which analyzed the economic impact of travel and tourism on the top North American destinations. The study entitled “North American City Travel & Tourism Impact” looked into the impact of travel across eleven destinations in the United States, Canada, and Mexico. In the city of Cancun, tourism-related employment accounts for 39 percent of the total jobs, the highest in the survey. The Mexican city also leads in tourism-related GDP at 49 percent. FullStory Here:


Marriott Survey Predicts More Spending on Meetings in 2018

Spending on group meetings is expected to rise in 2018, according to a survey conducted by Marriott of their 100 largest convention and resort hotels in the Western Hemisphere. 54 percent of the survey respondents are projecting group spending to increase during the coming year. 26 percent of those surveyed have hotel renovations currently underway to their convention and room facilities. Also, 27 percent of the respondents report that they are make investments in better technology to enhance group events at their properties. Full Story Here:


Conde Nast Traveler Reveals the 2017 Readers’ Choice Awards for Best Hotels

Conde Nast Traveler announced the 30th annual Readers’ Choice Awards recently. The survey of over 300,000 readers involved ratings of 7,320 hotels and resorts across 610 cities, 225 islands, 468 cruise ships, 158 airlines, and 195 airports. Award winners include top hotel in the U.S. - Faena Hotel in Miami Beach, top small city in the U.S. - Charleston, SC and top big city - Chicago, Illinois. Full Story Here:


STR: US hotel results for week ending 14 October

Positive year-to-year performance figures were posted by the U.S. hotel industry for the week of 8-14 October 2017, according to STR. Industry-wide occupancy increased by +2.4 percent to reach 72.3 percent for the week. Average daily rate climbed up by +5.3 percent to $130.83 by the end of the week. Revenue per available room jumped up +7.8 percent to attain $94.58 by week’s end. Full Story Here:



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