Africa Tourism Set for Sustained Growth
The hotel and tourism industry in Africa is beginning a period of sustained growth, according to the sectors leading experts gathered at the Africa Hotel Investment Forum in Addis Ababa
Hoteliers in Budapest recorded growth of 21.6% in RevPAR (Revenue per Available Room) this month, which contributed to an increase in GOPPAR (Gross Operating Profit per Available Room) of 20.5% as performance in the Hungarian capital goes from strength to strength, according to the latest data from HotStats.
Senior Living benefits from the rebound from downsizing. Many Senior Living communities are like resort properties with condos, bungalows and golf. But, they are also a sign of our mortality, this particular phase of our lives. A bit like a hotel, but many of us would rather be somewhere else. So, how do you market your offerings to those prospects?
According to hoteliers who participated in the survey for The 2015 Smart Decision Guide to Hospitality Revenue Management, the top challenges include selecting the right technology solution, hiring the right talent (e.g., revenue managers with the requisite skills and experience to do the job) and engaging the right revenue management consulting services, for those companies that wish to outsource the function or leverage third-party expertise to enhance their in-house capabilities.
Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent. Job gains occurred in health care and information, while mining employment fell.
Opening weekend matches were held 18-20 September, and during that three-day period, each of the four markets to host a match averaged year-over-year RevPAR increases of higher than 25.0%: Cardiff, Wales (+148.5%); Gloucester, England (+37.4%); Brighton, England (+28.2%); and London, England (+27.0%).
In year-over-year measurements, the industry's occupancy increased 2.3% to 70.3%. Average daily rate for the week was up 4.9% to US$122.56. Revenue per available room increased 7.2% to finish the week at US$86.17.