Hospitality Industry News - Trends

In year-over-year measurements, the industry’s occupancy ended the week with a 4.0-percent increase to 54.9 percent. Average daily rate dropped 3.0 percent to finish the week at US$96.05. Revenue per available room for the week was up 0.9 percent to finish at US$52.75. - More

Travel professionals report a confident outlook and see an increased role for service, technology, and specialization to serve the needs of future travelers - More

Online Luxury Hotel Deal Expert's Annual Survey Reveals Preferences, Travel Booking Practices and Most Sought-After Destinations of More Than 6,000 Travelers - More

In year-over-year measurements, the industry’s occupancy decreased 0.4 percent to 55.3 percent. Average daily rate fell 0.9 percent to finish the week at CAD$125.36. Revenue per available room for the week dropped 1.3 percent decrease to CAD$69.36. - More

The total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week - More

As the recession sapped demand for travel, hotel operators got creative. They shut down restaurants, closed floors and even cut back on newspaper delivery to ride out the downturn. - More

With almost 50% of traffic numbers available, the February pax numbers are down by more than (2.4%) - More

When the economy slows, many businesses react by retrenching and cutting costs in order to weather the downturn.
- More

European Cities Marketing (ECM) represents more than 100 major cities in 33 countries. An analysis of a representative sample of European cities conducted by the association shows that the European city tourism market has experienced a surprisingly fast recovery in visitor flows beginning in the second half of 2009. - More

By the end of February 2010, there was little movement in the AGEM Index, as the net impact of gains and losses for various global gaming suppliers remained relatively unchanged from the previous month. The index fell modestly by 0.60 points, or 0.6 percent, to close at 102.28. - More