In January, U.S. hotels reported occupancy rose 0.7% to 54.8%, ADR increased 0.8% to $124.39 and RevPAR rose 1.5% to $68.13.
e-forecasting.com's US monthly GDP, USmonthlyGDP, rose in January by an annualized month-to-month growth rate of 3.2% to $18,943 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 5.7% in December.
Technology, online intermediaries, social media, revenue management software, shared-services, and the proliferation of market intelligence reports have reshaped the way hotel Sales and Marketing Departments conduct business. These operational changes are evident when evaluating the expenses recorded within the Sales and Marketing Department on a propertys operating statement.
In this article, the author reviews market data associated with the introduction of nine headquarters hotels from the past 16 years to provide insight into the impacts such openings have on their competitive sets performance.
The e-forecasting.com's earliest and final monthly US consumer confidence, eCC, fell in February, following today's update of the largest in scope and size US monthly consumer survey.
I had a chance meeting with Roger Penske in the parking lot behind the paddock in October 1994 at the Indy Car Grand Prix of Monterey in Laguna Seca, California. It was the end of qualifying on Saturday and his pilot and fellow Canadian, Paul Tracy had just won the pole position. For you hoteliers who are not motorsports fans, pole means he was the quickest in qualifying and that means he starts in the first position on Sunday. This is a story about hospitality financial leadership in the face of a challenge and adversity.
STR's pipeline report shows 19,039 hotel rooms in construction in Central/South America as of January, which is down 25.6% year over year.
32 out of 33 reporting destinations saw growth in 2018 to date, with particularly strong increases from the US and Chinese travel markets
This market pulse provides an overview of the tourism and hotel market in Lisbon, Portugal. This snapshot discusses recent tourism trends, the impact of new supply on performance and provides a summary of the hotel pipeline.
Atlanta hotel performance growth exceeded projections during Super Bowl LIII weekend, but ranked below the average of the previous eight host markets, according to an analysis by STRs Consulting & Analytics office.