Thursday, June 28, 2018

Hospitality News For The Week Of 6/29/18

Hoteliers Round Out First Half Of 2018 With Consistently Strong Bookings And Rates

According to newly released data from TravelClick, all travel segments are experiencing continued increases in the second quarter of 2018. Compared to the same period last year, the average daily rate is up by 2.5 percent, bookings are 1.4 percent higher, and revenue per available room rose by 4.0 percent. Growth is expected to continue for the next twelve months (June 2018 - May 2019) as well. For the coming twelve months, transient bookings and average daily rate are both up by 2.8 percent in year-to-year comparison. Full Story Here:

Hotels, airlines and travel sites battle bot attacks

The travel industry is under attack on a massive scale by hackers, according to research by Akamai. The researchers analyzed nearly 112 billion bot requests and 3.9 billion malicious login attempts on travel industry sites including hotels, airlines and cruise lines and found almost 40 percent of them were fraudulent. Of these malicious attacks, vast numbers are carried out from two countries, Russia and China. Between November 2017 and March 2018, 650 million attacks originated in Russia and 625 million came from China. Full Story Here:

Americans Less Likely To Use Sharing Economy During 2018 Summer Travel

Allianz Global Assistance recently released the fourth annual Allianz Travel Insurance Sharing Economy Index. The research found 53 percent of Americans are either not very likely or not at all likely to use sharing economy services during the 2018 summer travel season. Trust in sharing economy services is on the decline. Americans finding the sharing economy very or somewhat trustworthy is down three percentage points from last year to 62 percent. Full Story Here:

STR: US hotel results for week ending 23 June

STR is reporting the U.S. hotel industry posted positive performance metrics for the week of 17-23 June 2018. Compared to the same period last year, industry-wide occupancy was +0.1 percent higher at 75.9 percent. Average daily rate rose by +2.9 percent to reach $133.28 for the week. Revenue per available room went up by +3.0 percent to finish the week at $101.12. Full Story Here:

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