Friday, December 8, 2017

Hospitality News For The Week Of 12/8/17

U.S. Travel Trends Index - Domestic Leisure And Business Travel Continue To Thrive

Despite a report last week indicating a 3.9 percent decline in international travel to the U.S. through the first half of this year, overall travel in the U.S. up for October according to the latest Travel Trends Index (TTI). In year-over-year tracking U.S. travel rose by 3.6 percent for October 2017. Most of the growth in U.S. travel is coming from the domestic leisure travel segment which accounted for a 4.2 percent growth in October. The U.S. Travel Association predicts a modest rebound for international inbound travel during the early part of 2018. Full Story Here:

Seven Ways Hotels Will Change in 2018

A panel of hospitality industry experts and insiders is predicting seven ways in which luxury hotel brands will change in 2018. The predictions include the addition of new fees in major markets, turndown service will become optional in luxury hotels, and guest rooms will become more technology  connected. Further, changes will entail front desks receiving a makeover, brands appealing to the values of their guests, the rise in importance of wellness, and hotels selling experiences more than just rooms. Full Story Here:

Fitch’s 2018 Outlook for U.S. Lodging: Fitch Predicts Uninspiring Growth, with Some Upside Risk from Brighter Corporate Outlook

Fitch Ratings is predicting a stable 2018 for the U.S. lodging sector with a continuation of modest growth. Revenue per available room will experience single digit growth of 0 - 2 percent through the coming year. Average daily rates will be higher, keeping RevPAR modestly positive. Supply is forecast to exceed the growth in demand, leading to a modest decline in occupancy industry-wide. Full Story Here:

STR: U.S. hotel results for week ending 2 December

Positive industry-wide performance numbers were posted in year-over-year comparison by the U.S. hotel industry for the week of 26 November - 2 December 2017. According the figures published by STR, occupancy climbed up by +1.3 percent to 56.6 percent for the week. Average daily rate edged +0.2 percent higher to finish at $117.82 for the week. Revenue per available room rose by +1.5 percent to end the week at $66.71. Full Story Here:

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