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2008-03-17 Hospitality Trends

Development

MKG Consulting - 2008 European Hotel Groups Ranking
Accor the clear European leader ...more

Global hotel transactions soared 56% in 2007 on back of 'mega-deals'
Hotels remain an attractive investment despite financial market uncertainty ...more

Economic Growth And Tourism Continues To Drive Positive Results For Hotel Investors in EMEA
The hotel market in the EMEA region achieved another year of positive performance results in 2007, with growth recorded in the majority of markets. Whereas the strongest growth was reported in the Middle East and North African region at 12.5 per cent, Europe also reported a solid 8.1 per cent increase year on year. These positive results were driven by EMEA's growing economy and ever increasing leisure and business tourism. ...more

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Employment

Franchising Outpaces Other Sectors of Economy in Growth, Jobs
New Study Shows 18% Expansion from 2001 to 2005 ...more

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Environmental

USGBC Targets Lodging Industry with LEED for Existing Buildings: O&M - By Glenn Hasek
When the U.S. Green Building Council (USGBC) announced revisions to its Leadership in Energy and Environmental Design (LEED) for Existing Buildings Rating System late last year, it was good news for hotel owners and operators. Now called LEED for Existing Buildings: Operations & Maintenance (O&M), the system is a better fit for hotels and is attracting the interest of many of the leading hotel companies. ...more

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Food and Beverage

Food & Beverage - Do You Know Your Break Even Point? - By Joe Dunbar
In my MBA program at Rutgers University, they made sure every graduate could calculate break even points. We were given a myriad of scenarios with a variety of variables. Our tests included irrelevant information to make sure we could focus on the essential formula. Break even point analysis was taught in microeconomics, cost accounting, advanced cost accounting, finance and analytical techniques courses. ...more

Food & Beverage - Two fast ways to boost Menu revenue - By Ken Burgin
Here's how to increase customer spending and profits as quickly as you can reprint the menu. ...more

Consumers Reacting to Higher Menu Prices
In a recent national survey by foodservice consultants Technomic, more than half of consumers polled said they have noticed higher menu prices at full-service restaurants. ...more

Cornell Wine Cellar Optimizer Considers What Wine to Buy and When to Drink It
The growing popularity of wine has encouraged many people to develop their own wine cellars, with the goal of consuming or selling their wine at its peak. Although the goal sounds simple enough, the strategy of what to buy, how long to hold it, and when to open the wine is remarkably complex. ...more

Restaurant Trends - Growing And Emerging Concepts - Data reflects change and activity from November 4, 2007 to March 4, 2008
Update from Restaurantchains.net on growing and emerging restaurant concepts ...more

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Internet

Hitwise US Report: The Impact of Social Networking
How social networks will become a primary channel for targeted marketing. ...more

Hitwise February 2008 Travel Category Report
The Hitwise Travel Report provides marketers an understanding of the competitive online travel landscape in terms of competitive clickstream, including traffic sources and referred destinations. ...more

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Management

Food & Beverage: Maximizing Throughput: Six Steps to Increase Top Line Sales - By Kim Zimmerman Florence
Throughput has become a buzzword in management circles, but even among those who have heard the word, many do not understand what exactly it means or how it applies to a restaurant situation. ...more

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Market Reports

Canadian Occupancy, ADR, RevPAR - Week Ending March 1, 2008
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada. ...more

PKF-HR Revises 2008 Lodging Industry Outlook in New Report
Lower RevPAR Forecast Reflects Impact of Recession ...more

Rate Growth Continues To Fuel London'S Profitability During January 2008
UK Chain Hotels Market Review - January 2008 ...more

UK Hotels: Slowdown Not Meltdown
PricewaterhouseCoopers' latest forecast for the UK hotel sector for 2008 to 2009 calls for a slowdown in demand and decelerating room rate growth but concludes that there is still plenty to play for on the UK hotel scene. ...more

Payroll Makes The Difference To London's Profitability
European Chain Hotels Market Review - January 2008 ...more

Weekly U.S. Lodging Performance for the week of Mar 02, 2008 - Mar 08, 2008
Weekly summary of Occupancy, ADR and REVPar for the United States. ...more

United States Welcomes Two Million Fewer Overseas Visitors in 2007 than in 2000
Travel Community Applauds Recent Increase, Deeply Concerned that Weak U.S. Dollar Not Driving a Boom in Travel to America ...more

Caribbean Tourism: A New Era Or More Of The Same? - By Bevan Springer
Despite the serious challenges facing the Caribbean's tourism industry, from new passport regulations to a slowdown in the United States economy, the Caribbean region can be cautiously optimistic about its future as leaders begin to pay greater attention to this, the Caribbean's basic industry. ...more

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Other Articles

Destination Value Proposition Must Be Honest And Inclusive - By J. Ragsdale Hendrie
Several years ago, a Political Strategist labeled the obvious, 'It's the Economy' which was driving the turmoil, and by the end of the First Quarter 2008, we all know this inescapable fact. However, our varied Hospitality segments tend to interpret the realities quite differently. ...more

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Tax

Mass Appraisals May Lead to High Taxes - By Mark Hutcheson
Every year, most assessors across the nation face the daunting task of determining market value for every property in their jurisdiction. By virtue of necessity, they are required to use 'mass appraisal' techniques to value thousands of properties within a very short time frame. ...more

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Technology

Amadeus announces blueprint for hospitality industry's future
Globalisation and rapidly developing economies to offer great opportunities ...more

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Travel Trends

Hotwire 2008 Travel Value Index Names Phoenix Top U.S. City for Vacation Value
Miami and Milwaukee Also Join Top 10 U.S. Cities Offering the Greatest Overall Value to Visitors ...more

European Travel Strong in '08 as 50 Percent of Americans Trekking Across the Pond This Year
TripAdvisor Survey Reveals Best and Worst of Europe ...more

New Survey Shows Travelers Seek a Hotel Designed with Multi-Tasking in Mind
With nearly 7.4 million Americans saying the lines between their personal and professional lives blur, travelers are demanding the tools to allow that blended lifestyle to continue while on the road.1 According to a new survey from Hyatt Place, 84 percent of business travelers want a hotel that allows for multi-tasking on the road exactly as they do at home.2 ...more

2007 International Visitation and Spending Set New Records For The U.S.
The U.S. Department of Commerce announced that a record 56.7 million international visitors traveled to the United States in 2007, an increase of 11 percent over 2006. This level also surpassed the 2000 record year of 51.2 million visitors. Ten of the top 25 arrival markets broke records set in previous years. ...more

Domestic Adventures Bookings Significantly Up
Bookings Up Nearly 30 Percent For Popular Family Departures, Double-Digit Growth in Demand for Alaska, Montana, Costa Rica, Reports Austin-Lehman Adventures ...more

US Air Traffic Rebounds to 5% in February
Internationals Move Strongly Ahead ...more

Couples with kids spend only 9.8 days of quality time together a year
According to research by Holiday Inn, the average mum and dad manage to squeeze in just 15 minutes a day enjoying each other's company amid their hectic family life - and that's nearly always in bed. ...more

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Yield Management

Contingency Hotel Revenue Management Strategies - I Will not Cut Prices - By Carol Verret
Everyone repeat after me: 'I will not cut prices nor panic sell because it does not stimulate incremental demand and only serves to drive down prices.' (Jeff Weinstein, Editor, Hotels Magazine, February 08) Jeff has given us the mantra that all GMs, Revenue Managers and Directors of Sales should repeat every morning. ...more

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 Departments

Click on the department to go directly to these news items.

. Development 3 items
. Employment 1 item
. Environmental 1 item
. Food and Beverage 5 items
. Internet 2 items
. Management 1 item
. Market Reports 8 items
. Other Articles 1 item
. Tax 1 item
. Technology 1 item
. Travel Trends 7 items
. Yield Management 1 item

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