Hospitality Trends Hotel Industry News EN Hospitality Trends HVS Report - The Growth of Micro Hotels in North America - By Sirinthorn Ramchandani Hospitality Development HVS This article provides insight into the unique design of micro hotels, where demand is growing, and why these properties are a favourable investment to meet the growing demand of millennial travellers. Thu, 19 Sep 2019 14:17:49 EST Accor, Marriott Lead Africa Hotel Industry Expansion Hospitality Development STR Accor’s portfolio covered 24,512 rooms as of 31 July 2019, while Marriott accounted for 24,508 rooms. The companies also lead the development pipeline with 19,745 and 15,219 rooms under contract, respectively. Under contract covers the in construction, final planning and planning phases of the pipeline. Thu, 19 Sep 2019 12:44:05 EST Global CRM Study Preview: The Top Challenges when It Comes to CRM - By Nicki Graham Hospitality Technology Cendyn This is the first article in a preview series of H2C’s Global CRM Study, a collaborative report that leverages interviews and a global survey to explore the current state of CRM in the hospitality industry. Thu, 19 Sep 2019 12:01:57 EST Mostly Positive YOY Results for US Hotel Industry for Week Ending September 14th - 2019 Hospitality Market Reports STR U.S. hotel occupancy was flat at 69.6% during the week of 8-14 September, ADR increased 0.8% to $132.59 and RevPAR rose 0.8% to $92.26. Thu, 19 Sep 2019 11:23:57 EST Hospitality Social Media Marketing News - September 19, 2019 Issue Hospitality Internet Lodging Interactive As we all start the month of September off strong, it’s important to remember that keeping up with all the new social media updates will help us keep the momentum going. And this month, we definitely got some big updates. Let’s take a look at all the new changes that impact hotels and resorts and what they mean for businesses in the hospitality industry. Thu, 19 Sep 2019 11:06:31 EST Hospitality Technology StayNTouch, A Shiji Group Brand One of the top priorities for hoteliers, according to a recent travel trends report, is a renewed focus on the 'battle for the Phono-sapien.' This term was first coined by The Economist to describe the next stage of human evolution, to a mobile-first consumer who looks at their phone every 12 minutes and checks it within five minutes of waking up. Thu, 19 Sep 2019 10:59:31 EST Canadian Hotel Industry Reports Mixed YOY Resuts for Week Ending 14 September 2019 Hospitality Market Reports STR Canadian hotel occupancy dropped 1.7% to 76.6% during the week of 8-14 September, but a 2.6% ADR increase to 181.85 Canadian dollars ($137.09) drove RevPAR up 0.8% to CA$139.23 ($104.96). Thu, 19 Sep 2019 10:51:05 EST Bracing for the Boom: Are Hoteliers Missing Out on the Most Profitable Guests? - By Alan E. Young Hospitality Marketing Puzzle Partner Over the past few years, millennials (individuals born between 1982 and 2000) have received special attention, as leaders across industries speak to their growing presence, impressive buying power, and unique buying behaviors. However, while millennials may be the future, the decision to turn our sights away from the baby boom generation would be irrevocably ill-advised. Thu, 19 Sep 2019 10:39:56 EST July 2019 U.S. Passenger Airline Employment Data Hospitality Employment Bureau of Transportation Statistics The 21 U.S. scheduled passenger airlines employed 1.5% more workers in July 2019 than in July 2018 Wed, 18 Sep 2019 14:02:24 EST Managing RevPAR For Profits - By Robert Mandelbaum and Bram Gallagher Ph.D. Hospitality Yield Management CBRE In recent years, the role of the revenue manager has expanded. Revenue managers are now charged not to just maximize revenue, but profits as well. With the aid of multiple data sources, sophisticated models, and article intelligence, revenue managers have mastered the science of maximizing revenue. However, they are still learning to master the maximization of profits. Wed, 18 Sep 2019 12:01:48 EST Positive YOY Performance for US Hotel Industry for August 2019 Hospitality Market Reports STR In August, U.S. hotel occupancy was flat at 71.4%, and a 0.9% ADR increase to $132.47 drove RevPAR up 0.9% to $94.55. Wed, 18 Sep 2019 11:19:37 EST World's Top Five Fastest Growing Airports for Passengers and Cargo Revealed Hospitality Other Articles Airports Council International ACI also names world’s top airports for passengers, cargo, and aircraft movements Wed, 18 Sep 2019 10:58:31 EST Restaurant Trends - Growing And Emerging Concepts - Change and Activity Septmber 5, 2019 Hospitality Food and Beverage Update from on growing and emerging restaurant concepts Tue, 17 Sep 2019 13:20:46 EST Hurricane Dorian Takes Its Toll on Florida Hotel Demand Hospitality Market Reports STR Coastal markets in Florida, Georgia and South Carolina reported steep demand declines between 30 August and 5 September in response to the threat of Hurricane Dorian. Tue, 17 Sep 2019 11:48:08 EST TripAdvisor Releases Data Detailing Fake Review Volumes Hospitality Internet TripAdvisor 2.1% of all review submissions that year were identified as fake - but most never made it onto the platform Tue, 17 Sep 2019 11:34:00 EST Second Quarter 2019 U.S. Airline Financial Data Hospitality Travel Trends Bureau of Transportation Statistics U.S. scheduled passenger airlines reported a second-quarter 2019 after-tax net profit of $4.8 billion, the 25th consecutive quarterly after-tax profit, and a pre-tax operating profit of $6.9 billion, the 33rd consecutive quarterly pre-tax profit. Tue, 17 Sep 2019 11:26:04 EST August 2019 U.S. Airline Traffic Data Hospitality Travel Trends Bureau of Transportation Statistics U.S. airlines carried an estimated 78.2 million systemwide (domestic and international) scheduled service passengers in August 2019, seasonally-adjusted, according to the Bureau of Transportation Statistics’ (BTS) first estimate, up 0.3% from the July second estimate. Mon, 16 Sep 2019 12:09:01 EST ACI World Airport Traffic Report Shows Global Airline Passenger Growth Resilience Despite Global Uncertainty Hospitality Travel Trends Airports Council International Traffic in emerging markets growing faster than advanced economies Mon, 16 Sep 2019 11:49:09 EST August Flash U.S. Monthly GDP Visualizes Recession Probability at 11.3% Hospitality Market Reports's U.S. monthly-GDP ™, rose in August by an annualized month-to-month growth rate of 0.6% to $19,084 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 1.2% in July. Mon, 16 Sep 2019 11:17:56 EST London Hotels Reported Lower Occupancy but Significant Overall Performance for August Hospitality Market Reports STR According to preliminary August data, London hotel occupancy dipped 0.3% to 86.7%, ADR rose 4.8% to 151.58 ($188.77) and RevPAR increased 4.5% to 131.39 ($163.62). Fri, 13 Sep 2019 11:57:19 EST