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Hotel Industry Pulse growth rate improves in December
Economic research firm e-forecasting.com in conjunction with Smith Travel Research announced that the Hotel Industry's Pulse index gained ground in December. After edging down 0.3 percent in November, HIP increased 1.7 percent in December. ...more
Beyond Dubai: What's Ahead for the Middle East This Year?
When the 818-meter Burj Dubai tower, the world's tallest building, opened for occupancy with lots of fanfare on January 4, it was proclaimed to be a crowning achievement of the emirate of Dubai, with its bold plans to establish itself as a regional trade and services hub. ...more
Why Hotels Are Not Recovering Any Time Soon
Hotel industry performance is often predictable yet somehow still catches us by surprise. Like any other economy, the sector relies on a balance of supply and demand-do not let the flat panel TVs and fantastic beds fool you. Hotel performance is significantly tied to the overall economy as well as the industry's own cyclical trends. Recovery is a vague concept but one that is easy to evaluate. Here is the PhoCusWright Financial Edition's outlook for the hotel industry. ...more
Canadian Occupancy, ADR, RevPAR - Week Ending January 9, 2010
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
U.K. Airport Hotels see bright side of freeze
The recent freeze across the U.K. brought with it contrasting fortunes for hotel operators. Daily data from STR Global, the leading provider of market data to the world's hotel industry, showed recent adverse weather and road conditions reduced people's desire to travel locally. Guests were forced either to cancel their plans to travel or to stay in hotels as airports were closed. ...more
U.S. hotel performance for the week ending 9 January 2010
The U.S. hotel industry reported decreases in all three key measurements during the week of 3-9 January 2010, according to data from STR. ...more
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