Friday, August 24, 2018

Hospitality News For The Week Of 8/24/18



U.S. hotels report decline in occupancy in July

For the first time in twelve months the U.S. hotel industry experienced a decline in occupancy for the month of July 2018, in year-over-year comparison. According to data published by STR, industry-wide occupancy decreased by -0.2 percent to 73.6 percent for July. Average daily rate increased by 2 percent to $133.44 for the month. STR attributes the decline in occupancy to supply growth, at 2.1 percent, outpacing growth in demand, which was 1.9 percent. Full Story Here:


Survey Reveals Americans’ Travel Bucket Lists

The overwhelming majority of Americans, 77 percent, have a travel bucket list yet only 3 percent have visited all the destinations on their list. This is according to the Travel Bucket List Survey, conducted by Love Home Swap. The survey respondents cited many reasons, but cost prevented most from making their trips the most at 85 percent. Five international destinations are emerging as the hot spots for American bucket list travel. In order: Japan (55 percent), Finland (34 percent), Thailand (34 percent), Portugal (28 percent) and Argentina (26 percent). Full Story Here:


Five Global Trends in Family Vacations for 2018

The online travel agency Agoda just published the results of a survey conducted of family vacation travelers. The Family Travel Trends 2018 found that 65 percent of U.S. travelers have taken a trip with their core family during the last year. Furthermore, 11 percent have traveled with extended family and 23 percent with grandparents and/or grandchildren. A few important takeaways for hoteliers include hotels being the most popular form of accommodation for families and trend toward shorter duration, but more frequent family vacations. Full StoryHere:


US Hotel Occupancy Up 0.3 Percent To 72.5 Percent - Week Ending August 18th - 2018

According to data from STR, the U.S. hotel industry recorded positive performance figures for the week of 12-18 August 2018. Compared with the same week last year, industry-wide occupancy was +0.3 percent higher at 72.5 percent for the week. Average daily rate rose by +2.2 percent to finish the week at $129.77. Revenue per available room went up by +2.5 percent to end out the week at $94.08. FullStory Here:

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