Restaurant Trends - Growing And Emerging Concepts - Change and Activity October 28, 2014
Update from Restaurantchains.net on growing and emerging restaurant concepts
Jobless rates were lower in September than a year earlier in 339 of the 372 metropolitan areas, higher in 26, and unchanged in 7. Nonfarm payroll employment was up in 314 metropolitan areas over the year, down in 53, and unchanged in 5.
Sway retro! 'See the USA in your Chevrolet!' (belt it out, Dinah). 'Wheres the Beef?' 'Plop, plop, fizz, fizz oh, what a relief it is.' Simpler times, with our lives viewed through the prism of advertising.
The industrys occupancy increased 3.8 percent to 70.3 percent; average daily rate rose 5.2 percent to US$117.91; and revenue per available room was up 9.2 percent to US$82.93. Demand increased 4.8 percent during the third quarter, while supply was up 0.9 percent.
Whilst Londons hotel profitability showed positive year -on-year movements in the month of September, the UK provinces put the capitals performance in shade with gross operating profit per available room (GOPPAR) showing a double digit growth. In particular, Scottish hoteliers recorded a 27.3% surge in this metric, according to the latest data from HotStats.
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Lifestyle hotels have arrived, and you just have to admire the pluck of hoteliers, particularly as the definition of 'lifestyle' is so fertile. Our friends at dictionary.reference.com help us out a bit with 'the habits, attitudes, tastes, moral standards, economic level, etc., that together constitute the mode of living of an individual or group'.