Leading Indicator for Hotels Advances 11 Months in a Row
Hotel Industry Leading Indicator HIL Up in September
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Omni-channel shoppers expected to spend 66 percent more on gifts than those shopping in stores only; despite personal data security concerns, 56 percent of Americans will continue to shop at retailers that have experienced a data breach
International tourist arrivals worldwide grew by 5% during the first eight months of 2014 according to the latest UNWTO World Tourism Barometer. Despite geopolitical challenges and a lingering economic recovery, tourism demand was strong during the northern hemisphere high season of June to August.
The National Restaurant Association today released new research during its second annual Restaurant Innovation Summit that shows overall technology use in restaurants is increasing. More than a third of consumers say they are more likely to use technology-related options in restaurants now than two years ago.
The Baird/STR Hotel Stock Index has expanded to 20 stocks, up from 15 previously, effective for the fourth-quarter 2014. New constituents include Chesapeake Lodging Trust, Hersha Hospitality Trust, La Quinta Holdings, Pebblebrook Hotel Trust and Strategic Hotels & Resorts.