Monday, April 16, 2018

Hospitality News For The Week Of 4/13/18

Trump Economy Driving Profit Growth at Hotels Across the U.S. in 2017

The hotel benchmark service, HotStats, has published the results of their “Profit Matters: U.S. Annual Hotel Performance Tracker 2018” report. According to the publication’s findings, U.S. hotels experienced an increase in profitability during 2017, following along with the general economic growth seen in the nation last year. The report states that there was a 2.9 percent increase in profit per room in 2017 for full-service U.S. hotels. This growth is attributed to 2.3 percent increase in GDP, year-over-year, experienced by the U.S. economy in 2017. Full Story Here:

Hoteliers share insights on the industry’s future

A panel of hotel industry experts recently spoke at the Hunter Hotel Conference in Atlanta about the future of the industry, reporting the industry is currently experiencing a period of dynamic change. Important takeaways include the continued growth in technological innovation across the industry. The industry’s further move toward guest personalization through technology and the increasing utilization of data to drive marketing decisions. Full Story Here:

Hotel’s technology now a factor in AAA ratings

The guidelines used by hotel evaluation inspectors for the AAA has been updated. 27,000 hotels are inspected and approved by AAA across the U.S., Canada, Mexico and the Caribbean. The changes now include taking into account the degree of connectivity of each evaluated hotel. A score for “connective “technology”, including free WiFi, availability of USB ports, mobile apps, mobile key technology, kiosks and digital messaging services. Full Story Here:

US Hotel Occupancy Drops 2.7 Percent To 68.3 Percent - Week Ending April 7th - 2018

According to published data from STR, the U.S. hotel industry posted mostly negative performance figures for the week of 1-7 April 2018. Compared to the same period last year, industry-wide occupancy dropped -2.7 percent to 68.3 percent for the week. Average daily rate was up +0.7 percent however, finishing the week at $128.84. Revenue per available room fell by -2.0 percent to finish the week at $88.03. Full Story Here:

No comments:

Post a Comment