Friday, March 30, 2018

Hospitality News For The Week Of 3/30/18

Top destinations around the world in 2018

The winners of the 2018 Travelers’ Choice awards for destinations were announced by TripAdvisor. The awards are given in recognition of the favorite places for travelers to visit around the globe. Paris took the top spot globally and New York City is once again the number one U.S. destination for the 8th time in a row. Globally London came in second place, followed in order by Rome, Bali and Crete rounding out the top five. In the U.S. Maui, Las Vegas, Oahu and Orlando followed New York in order for the top five. Full Story Here:

Spring Hotel Outlook Shows Stability and Consistency in North American Markets

According to TravelClick’s March 2018 North American Hospitality Review (NAHR), hotels in North America are continuing growth in all travel segments. Published data from the company indicates that across all travel segments average daily rate is up by 0.7 percent and bookings have risen by 1.7 percent in the first quarter of 2018. Since the beginning of the year a positive growth trend has been ongoing. Growth in the transient segment has been particularly solid with bookings up by 2.2 percent overall and revenue per available room up 3.3 percent. Full Story Here:

U.S. Families Spend the Most Time Together on Vacation

In a study of the amount of quality time U.S. families spend together released by Visit Anaheim, 60 percent of U.S. parents describe their everyday life as hectic and they see the limited vacation time they spend with their family as essential. 65 percent of parents of school-aged (4-18) children spend more quality time on vacation with their children. Knowing there is entertainment for their kids motivates 67 percent of those parents as to the destination for their vacations. Full Story Here:

STR: US hotel results for the week ending 24 March

In year-over-year comparison the U.S. hotel industry posted positive performance figures during the week of 18-24 March 2018, according to STR. Industry-wide occupancy rose up by +1.0 percent to 69.4 percent. Average daily rate was +4.4 percent higher, ending the week at $133.42. Revenue per available room went up by +5.4 percent to reach $92.53 by the end of the week. Full Story Here:

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