Hotel Industry News - Trends

The hotel industry in the United States appears to be rebounding this summer, mainly because of strengthening business travel. Travelers should not count on last-minute availability. So far the biggest beneficiary is New York, though other cities on the East Coast are starting to report gains as well. And the upscale, full-service hotels that ha... - More

Given the rivers of cash that flow through most bars, hotels and restaurants, it's surprising how weak the internal controls can be, expecially with small operators. - More

UK Chain Hotels Market Review – June 2010 - More

The crisis is behind us, but there are still many obstacles to opening new hotels. When you identify a good opportunity, don’t let it slip out of your grasp. - More

For 2009, the U.S. lodging industry posted pre-tax profits of $16 billion – down from $25.8 billion in 2008 – and $127.2 billion in sales – down from $140.6 billion in 2008, according to the American Hotel & Lodging Association (AH&LA) Lodging Industry Profile (LIP), an annual statistical analysis of the industry. - More

By now everyone has heard just how much U.S. hotels suffered on the top line in 2009. The 16.7 percent decline in RevPAR reported by Smith Travel Research for 2009 was greater than any annual decrease in revenue published in PKF Hospitality Research’s (PKF-HR) annual Trends® in the Hotel Industry reports since 1932. - More

In year-over-year measurements, the Asia/Pacific region’s occupancy rose 14.5 percent to 63.9 percent, average daily rate increased 10.8 percent to US$121.83, and revenue per available room jumped 27.0 percent to US$77.83. - More

The region’s occupancy rose 7.0 percent to 64.9 percent, average daily rate ended up 1.8 percent to US$100.31, and revenue per available room increased 8.9 percent to US$65.11. - More

The region’s occupancy rose 1.7 percent to 59.2 percent, average daily rate increased 14.3 percent to US$151.00, and revenue per available room grew 16.3 percent to US$89.37. - More

The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for June 2010, according to data compiled by STR Global. - More