With the Coronavirus scare gaining momentum, this article revisits the 2003 SARS pandemic, seeking insight into the potential impact on individual markets and travel as a whole.
U.S. hotel occupancy dipped 1.4% to 59% during the week of 2-8 February, but a 1.5% ADR increase to $128.75 kept RevPAR flat at $75.98.
During the week of 2-8 February, Canadian hotel occupancy fell 1.7% to 56.1%, ADR rose just 0.2% to 148.15 Canadian dollars ($111.82) and RevPAR dropped 1.5% to CA$83.18 ($62.78).
In 2007, CBRE introduced Trends® in the Hotel Spa Industry in response to the spa industrys rapid expansion within hotels and resorts and its relevance to hotels bottom lines. For the second time in the history of the publication, spa revenue increased at a higher rate than rooms revenue and total operating revenue.
Survey by Travel Leaders Network assesses impact of coronavirus on leisure travel bookings
Insightful articles authored by real-world hoteliers and revenue managers, of large and small properties across the globe, form the format of this eBook, which would not only assist in understanding the basics of the subject deeply, but will also bring a global perspective to the world of Revenue Management.
Now available for viewing and download, the NextGuest Q1 2020 Whitepaper: The Hotel Digital Marketers Whitepaper, covers current trends and industry insights hoteliers should be paying attention to in order to have a strong digital presence. The whitepaper takes a deep dive into strategies that will help to reach different audiences in different stages of their travel planning journey.
Diversity and inclusion have been moving up the boardroom agenda within hospitality, travel and leisure (HTL) for several years. So, are employees feeling the benefits? To find out, we once again joined forces with WiHTL and The MBS Group.
Preliminary January data for from STR shows hotels in Jeddah, Saudi Arabia, increased occupancy by 31.3% to 63.7%, and despite an 8.9% ADR decrease to 601.01 Saudi Arabian riyals ($160.27), RevPAR rose 19.6% to 382.57 riyals ($102.02).
Sydney hotel occupancy dropped 4.9% to 75.7% in January, according to preliminary monthly data. ADR decreased 2.1% to 206.42 Australian dollars ($139.20) and RevPAR fell 6.8% to AU$156.18 ($105.32).