Hospitality Trends Hotel Industry News EN Hospitality Trends Everything You Need to Know About Metasearch Advertising Hospitality Marketing Cendyn When done well, metasearch can be a hotel’s best friend. It’s a source of demand that can be more affordable than OTAs, more reliable than your and less costly than brand marketing. On the flipside, when done poorly, metasearch can waste money and reduce profitability. Thu, 27 Feb 2020 13:17:49 EST MENA Chain Hotels Market Review - January 2020 Hospitality Market Reports HotStats While 2019 may have been a year to forget for Middle East and North Africa hotels, the beginning of the new year kicked off on a high note. Thu, 27 Feb 2020 12:54:04 EST The Coronavirus Has the Potential to Jeopardize the Global Business Travel Industry Hospitality Travel Trends Global Business Travel Association (GBTA) The coronavirus has the potential to threaten the entire global business travel industry. According to a new lightning poll released today by the Global Business Travel Association (GBTA), the virus could potentially cost the industry $46.6 billion per month. That translates into $559.7 billion annually, or 37% of the industry’s total 2020 forecasted global spend. Thu, 27 Feb 2020 12:25:41 EST Revenue, Profit Up at European Hotels to Start Year Hospitality Market Reports HotStats It was a good start of the year for hoteliers in Mainland Europe. On the back of the positive results recorded in the last quarter of 2019, profit per available room achieved a 5.7% year-over-year increase in January 2020. Thu, 27 Feb 2020 12:15:49 EST 2020 State of the Restaurant Industry Report Released Hospitality Food and Beverage National Restaurant Association Restaurant industry sales are projected to reach a record $899 billion in 2020, with the moderate 4% growth rate mirroring general economic conditions. Thu, 27 Feb 2020 12:01:29 EST Mostly Negative YOY Results for US Hotel Industry for Week Ending February 22nd - 2020 Hospitality Market Reports STR For the week ending 22 February, the U.S. hotel industry reported a 0.7% increase in average daily rate to $130.55, which was not enough to overcome a 2.1% year-over-year decrease in occupancy to 63.2%. As a result, revenue per available room was down 1.4% for the week to $82.55. Thu, 27 Feb 2020 11:56:31 EST Canadian Hotels Report Negative YOY Results for Week Ending 22 February January 2020 Hospitality Market Reports STR For the week ending 22 February, Canadian hotels reported a 2.5% year-over-year decrease in occupancy to 58.5% and a 0.1% dip in average daily rate, which resulted in a 2.6% decline in revenue per available room. Thu, 27 Feb 2020 11:49:07 EST Global Chains Lead Europe in Hotel Net Unit Growth Hospitality Development STR The five largest global hotel chains also rank in the top 10 for room counts, fueled by year-over-year increases in net unit growth, according to STR data. Thu, 27 Feb 2020 11:23:49 EST The Top 5 Things You Need to Know Now in Hotel Digital Marketing: February 2020 Edition Hospitality Internet NextGuest As we continue to ramp up our 2020 digital strategies, it’s important to stay ahead of the curve with the latest changes in the digital landscape. This month’s updates include changes to featured snippets, key points to consider when deciding to leverage the social platform TikTok, and the rollout of video ad blocking in Chrome. From SEO to design, read on for the top five things you need to know now in hotel digital marketing. Thu, 27 Feb 2020 11:13:01 EST How To Boost Occupancy Without Dropping Rates? - By Mark Nixon Hospitality Yield Management STAAH Slashing rates to boost occupancy can be very tempting. But is important to note that lowering rates doesn’t create demand; it can erode your price and brand integrity. Wed, 26 Feb 2020 13:07:36 EST CWT and GBTA Report: Drivers, Opportunities and Constraints to Improve Sustainability in the Travel Industry Hospitality Travel Trends CWT When asked how confident they were on the industry’s ability to make the future of business travel more sustainable, 65% of delegates were either broadly confident or very confident. The percentage grew to 71% when asked about the willingness of the industry. Wed, 26 Feb 2020 12:11:28 EST Hotels in the Asia Pacific Region Report Negative Results for January 2020 Hospitality Market Reports STR In January, hotels in the Asia/Pacific region saw occupancy decline 11.3% to 57.8%, ADR increase 4.3% to $104.03 and RevPAR decrease 7.5% to $60.15. Wed, 26 Feb 2020 11:10:26 EST The Shifting Landscape of Consumer Trends in Travel and Hospitality Hospitality Management Deloitte Human experience: At the heart of learning, living, connecting, and business loyalty Tue, 25 Feb 2020 13:02:58 EST Hotels in the Middle East Report Mixed Results for January 2020 Hospitality Market Reports STR Middle East hotel occupancy rose 8.1% to 73.3% in January, and despite a 2.6% decline to $148.57, RevPAR rose 5.3% to $108.90. Africa's hotel occupancy rose 2.4% to 54.7% during the month, ADR increased 3.2% to $119.59 and RevPAR rose 5.7% to $65.41. Tue, 25 Feb 2020 12:44:55 EST HVS Report - 2020 European Hotel Valuation Index - By Maria Coll and Sophie Perret Hospitality Development HVS Hotel values across Europe gained a further 3% in 2019, on the back of similar RevPAR growth on average for all markets in our latest European Hotel Valuation Index. Tue, 25 Feb 2020 12:28:44 EST CBRE 2020 Canadian Real Estate Market Outlook Hospitality Development CBRE Real estate has unprecedented momentum and in 2020 several sectors will near top speed. Tue, 25 Feb 2020 12:10:20 EST Hotels in the Central/South America Region Report Positive Results for January 2020 Hospitality Market Reports STR Hotels in Central and South America raised occupancy 0.9% to 56.5% in January, and a 2.8% ADR increase to $91.57 drove RevPAR up 3.7% to $51.75. Tue, 25 Feb 2020 12:00:16 EST ICSC Finds Two-Thirds of Consumers Spend Over $600B a Year on Dining Out Hospitality Food and Beverage Restaurant News Resource 50% of Adults Say it is an Essential Part of their Lifestyle Tue, 25 Feb 2020 11:56:19 EST Markets Throughout Asia/Pacific Show Coronavirus Impact on Hotel Occupancy Hospitality Market Reports STR According to an STR data analysis, Macau saw the steepest occupancy decline (-97%), falling from an absolute level of 96% to just 3% in a matter of six weeks. Tue, 25 Feb 2020 11:07:22 EST Location, Location, Location - the 3Ls of Employee Safety Technology - By Robb Monkman, Founder and CEO of React Mobile Hospitality Security React Mobile By now, we're probably all familiar with the famous three L's of real estate: location, location, location. But the 3 Ls can apply to hotel worker safety as well. Tue, 25 Feb 2020 10:46:48 EST