Hotel News Resource
November, 20 2017
The U.S. Hotel Industry Is Projected to Record Stronger-Than-Expected Growth For 2017
The U.S. Hotel Industry Is Projected to Record Stronger-Than-Expected Growth For 2017
Predictions for total-year 2017 are that the U.S. hotel industry will report a 0.5% increase in occupancy to 65.7%, a 2.1% rise in average daily rate (ADR) to US$126.66 and a 2.5% lift in revenue per available room (RevPAR) to US$83.23. RevPAR grew more than 3.0% for each year from 2010 to 2016. Read More
Construction Pipeline Europe
European Hotel Pipeline Under Contract at 274,743 Rooms in 3,035 Hotel Projects For October 2017
Five major European markets, including London, Munich, Istanbul, Moscow and Dublin, all reported more than 3,000 rooms in construction during October. Read more
Market Report U.S.
US Hotel Occupancy Up 4.9 Percent to 68.5 Percent - Week Ending November 11th - 2017
Average daily rate up 4.8 Percent to US$128.92 Read more
Construction Pipeline Central/South America
Central/South America Hotel Development Pipeline Under Construction Drops 7.7 Percent for October 2017
During October, the Central/South America region reported 25,910 hotel rooms in construction, which is a 7.7% year-over-year decrease compared to October 2016. Read more
U.S. Employment Trends
Increased Number of Workers Calling In Sick When They Aren't
Increased Number of Workers Calling In Sick When They Aren't
40 percent of workers have called in sick in the last 12 months when they weren't, compared to 35 percent in 2016 Read more
Market Report Canada
Canadian Hotel Occupancy Up 6.6 Percent to 65.0 Percent For Week Ending 11 November 2017
Revenue per available room grows 11.9 Percent to CAD$94.08 Read more
GDPR Compliance
HFTP Builds Educational Campaign Ahead of GDPR Compliance Requirements
HFTP Builds Educational Campaign Ahead of GDPR Compliance Requirements
With just over six months until the new EU General Data Protection Regulations (GDPR) are in effect, Hospitality Financial and Technology Professionals (HFTP®) is ramping up its education campaign to prepare the hospitality industry for compliance. Read more
Enterprise Business Intelligence Application
Aptech’s PVNG Web-Based Enterprise Accounting Goes Live at 2 Hotel Companies
Multi-Property, Multi-Brand Operators Standardize Accounting on Easy-to-Use PVNG Read more
Tapestry Collection Development Update
Tapestry Collection by Hilton Adds Three Hotels to Portfolio
Suite at The Troubadour New Orleans, Tapestry Collection by Hilton
Tapestry Collection by Hilton, continues to grow with the addition of three hotels, all of which anchor notable southern, coastal cities in America. The Troubadour New Orleans opens today, and The Cotton Sail Hotel Savannah (Georgia) and Hotel Ballast Wilmington (North Carolina) have been signed and are set to debut as part of Hilton’s collection of original upscale hotels in 2018. Read more
Hotel Web Sites
A New Fort Collins Destination Shines on The Elizabeth Hotel’s Custom Website
The Elizabeth Hotel, set to open in fall 2017 in Downtown Fort Collins, CO, needed a one-of-a-kind website to reflect their highly anticipated Old Town property. The hotel partnered with the HEBS Digital team to create a fully responsive website, featuring industry-leading technology to drive direct bookings and showcase The Elizabeth Hotel’s thoughtful amenities and vibrant spaces. Read more
The Business Case For Vanity Websites
New White Paper - The Value in Vanity Websites
Based on data collected over the past 20 years, the Vizergy team has verified at least one truth in digital hospitality marketing: Vanity websites help hotels grow thier business. Read more

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In Brief...

Caesars Acquisition
Caesars Entertainment to Acquire Centaur Holdings, LLC for $1.7 Billion

Hotel Development Brazil
Four Seasons Hotel São Paulo at Nações Unidas to Open In 2018

Hotel Transaction South Carolina
Courtyard by Marriott Charleston Summerville, S.C. Sold for $20.2 Million

Management Appointment Four Seasons Hotels
Michael Schmid Named General Manager for the Four Seasons Hotel São Paulo at Nações Unidas

Hotel Opening Miami
TownePlace Suites Miami Airport Opens

Hotel Opening Russia
Holiday Inn Express Moscow - Paveletskaya Opens

Hotel Opening Miami
WoodSpring Suites Miami Southwest Opens

Hotel Opening Singapore
Andaz Singapore Hotel Opens

Digital Marketing
Fortuna Realty Group Consolidates Digital Marketing with Tambourine

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