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| 2018 Airline Industry Statistics |
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| IATA released performance figures for 2018 showing that global air connectivity continues to become more accessible and more efficient. Read more |
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| Hotel Construction Pipeline U.S. |
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| At the end of the first half of 2019, analysts at Lodging Econometrics (L.E.) report that the top U.S. markets with the largest hotel construction pipeline is New York City with 166 projects/28,231 rooms. Read more |
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| Cendyn Acquires Rainmaker Group |
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| The acquisition of The Rainmaker Group's integrated solutions will enable Cendyn to drive performance across all aspects of the hotel business. Aligning operations, marketing, sales, and now, revenue will provide hoteliers with the means to optimize their strategies and drive performance and loyalty across their businesses. As part of the acquisition, Tammy Farley, Co-Founder of Rainmaker, will move to the role of board member. Read more |
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| Hotel Construction Pipeline U.S. |
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| Analysts at Lodging Econometrics (LE) reported for the second quarter of 2019, the total U.S. construction pipeline climbed to 5,653 projects/693,207 rooms, up 6% by projects and 9% by rooms year-over-year (YOY). Pipeline totals are just 230 projects shy of the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008. Read more |
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| 2020 Global Travel Forecast |
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| After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1%, according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the global economy is doing well overall - and expected to grow a solid 3.6% in 2020 - a raft of uncertainties are set to put a damper on pricing. Read more |
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| U.S. Employment Trends |
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| Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7 percent. Notable job gains occurred in professional and technical services, health care, social assistance, and financial activities. Read more |
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| Restaurant Trends |
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| Update from Restaurantdata.com on growing and emerging restaurant concepts Read more |
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| Hotel Resort Fees |
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| Another state Attorney General joins in the Resort Fee litigation – this time suing Hilton Read more |
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| Market Report U.S. |
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| e-forecasting.com's U.S. monthly-GDP ™, rose in June by an annualized month-to-month growth rate of 1.8% to $19,057 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 2.8% in May. Read more |
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| Hotel Revenue Management |
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| Revenue management discipline was non-existent until a few years ago. Started in 1980s from the airline industry, the techniques are now adopted across industries and businesses are growing exponentially ever since. Read more |
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| LOS Australia And New Zealand Report |
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| What determines how revenue managers set and adjust their prices? It’s a common question with a seemingly obvious answer: many factors. Most of them relate to supply and demand, an important indicator being your competitors’ pricing. But how do you know you’re comparing apples with apples when looking at your competitors’ prices? Read more |
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