Thursday, December 21, 2017

Hospitality News For The Week Of 12/22/17

What US tax reform could mean for hotel industry

The U.S. Congress passed new tax reform legislation this week that will be signed into law by the President. Oxford Economics, the parent company of Tourism Economics, has published their analysis of the legislation’s expected impact on the U.S. economy and the hotel industry. Oxford predicts the U.S. economy will receive its greatest boost during 2018 with a 2.8 percent increase in GDP.  This growth will result an expansion in business investment of 6 percent and a 2.7 percent increase in consumer spending. Growth is expected to slow down during 2019 to 1.9 percent and 1.5 percent in 2020. Full Story Here:

When Your Hotel Charges $350 for a Negative Review

A guest at the Abbey Inn & Suites in Brown County, Indiana has claimed the hotel charged her $350 after posting an honest, but negative review of her and her husband’s stay. Katrina Arthur claims their hotel accommodations were dirty, smelled and had a broken air conditioner. After leaving the review she was charged $350 and threatened with legal action if she did not delete the review. After deleting it, she contacted the Indiana attorney general’s office, which filed a lawsuit against the hotel. Full Story Here:

Hospitality workers most sleep deprived of all professions

According to study data from bed manufacturer Sealy, the hospitality industry is the most sleep deprived in the UK. After questioning 5,000 working people, including 830 hospitality workers, the research indicated that 14 percent of hospitality workers had suffered a work-related injury as a result of fatigue from lack of sleep. More than half (63 percent) reported losing their temper regularly and 28 percent stated their lack of productivity as well. Full Story Here:

STR: US hotel results for week ending 16 December

Positive results were reported by the U.S. hotel industry for the week of 10-16 December 2017, according to STR. Compared to the same period last year, industry-wide occupancy rose by +4.5 percent to 56.4 percent for the week. Average daily climbed up +3.5 percent to finish the week at $115.67. Revenue per available room was +8.1 percent higher, ending the week at $65.24. Full Story Here:

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