Weekly U.S. lodging performance for the week of Dec 17, 2006 - Dec 23, 2006
Weekly summary of Occupancy, ADR and REVPar for the United States.
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In a number of articles on www.HotelLawBlog.com, I have talked about the exploding international hotel markets, including Mexico, Costa Rica, the Caribbean, Spain, Italy, London Saudi Arabia, Dubai and China - but particularly INDIA. Why are we building hotels in India? Why are all of the brands and operators trying to stake out territory in India?
My standing rib roast cost a lot less this year. Overall, I paid $40 for a 4 rib roast which was nicely marbled and labeled certified Angus beef. Trimming was minimal (about 4%) and I dry aged the meat for 4 days in my refrigerator. Dry aging can reduce a roast's weight by 10% to 15%. My roast lost 9% of the weight during the aging process.
At the recent International Society of Hospitality Consultants (ISHC) Annual Conference in Miami, ISHC members participated in a series of roundtable discussions to identify their Top Ten Issues in the Hospitality Industry for 2007.
Hotel F&B should be leased, is a mantra I hear. People claim hotels should include F&B because it can be profitable. I feel the profit motive should be secondary. The primary role of F&B is to enhance the potential Room Revenues of a hotel.
This year at least a third of all hotel bookings will be generated from the Internet (29% in 2006, 25% in 2005). Another third of all hotel bookings will be influenced by the Internet, but done offline (call center, walk-ins, group bookings, etc). By the end of 2010, over 45% of all hotel bookings will be completed online (Merrill Lynch). Are hoteliers taking full advantage of this dramatic channel shift?
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