Friday, September 14, 2018

Hospitality News For The Week Of 9/14/18

Hoteliers, Residents Brace for Hurricane Florence

Hoteliers and residents in the states expected to bear the brunt of Hurricane Florence have been making preparations for the worst all this week. Although ultimately striking the North Carolina coast Friday morning as a Category 1 hurricane, Florence has slowed its forward progress and is expected to dump locally record-setting rainfall across the region. Widespread, potentially catastrophic flooding and power outages are also expected as a result of Hurricane Florence in the immediately affected states of North Carolina, South Carolina and Virginia. Full Story Here:

U.S. Department of Commerce Reports Record Spending by International Visitors in 2017

According to the U.S. Department of Commerce the U.S. had nearly 77 million international visitors in 2017. The department’s International Trade Administration National Travel and Tourism Office (NTTO) also reported those visitors spent a record-setting $251.4 billion during 2017, representing a two percent increase over 2016. The NTTO also stated that during 2017 travel and tourism exports supported over 1.2 million American jobs in the United States. The American tourism industry also generated a $77.4 billion trade surplus last year as well. Full Story Here:

Labor, taxes headline hoteliers’ agenda on Capital Hill

Members of Congress are hosting a group of hoteliers from the American Hotel & Lodging Association and the Asian American Hotel Owners Association this week to discuss issues important to the hotel industry. Issues to be discussed include permanently extending tax deductions for small businesses and lower individual rates, government support for career development and apprenticeship programs. Full Story Here:

US Hotel Occupancy Down 3.5 Percent To 61.7 Percent - Week Ending September 8th - 2018

The U.S. hotel industry reported largely negative performance data compared to the same period last year for the week of 2-8 September 2018, according to STR. In year-over-year comparison, industry-wide occupancy was -3.5 percent lower at 61.7 percent for the week. Average daily rate was +1.0 percent higher at $121.95 by the end of the week. Revenue per available room was down by -2.4 percent to finish the week at $75.25. Full Story Here:

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