Sales & Marketing Reports - Hospitality Net

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July 10, 2005

Growth in Hotel Food and Beverage Revenues Lack the Same Kind of Sizzle Found in Room Revenues; Expense Controls Help F&B Profits Grow

Atlanta: While U.S. hotels have enjoyed a strong increase in room revenue during the current recovery period, growth in hotel food and beverage sales, while improving, lacked the same kind of sizzle, according to an recent study by a leading hospitality consultant. Fortunately, tight cost controls by management have enabled food and beverage profitability to keep pace with the profit growth of other operating departments. These observations come from an analysis of the data collected for the recently released 2005 edition of Trends in the Hotel Industry published by PKF Hospitality Research (PKF-HR), an affiliate of PKF Consulting. Only those hotels that operate food and beverage outlets or banquet facilities were included in the research.

June 26, 2005

Boston Hotel Market Outlook

The Red Sox went from cursed to first in 2004 and the Boston lodging market also emerged from its own mini-curse and began the process of reversing three years of painful RevPAR losses. Table 1 summarizes historical trends between 1999 and 2004. The information was provided by Smith Travel Research, and includes hotels in Boston (including the airport sub-market) and Cambridge.

June 22, 2005

Monthly Profitability: London Hotels Full Of Energy | Deloitte Reports

Latest results from the HotelBenchmark Monthly Profitability Survey for London reveal this year is off to a cracking start for hoteliers across the capital. Year-to-April 2005 results show Income Before Fixed Charges (IBFC) has grown 7% per-available room (PAR) adding an additional £450 PAR to the bottom line. Total revenue has also increased by 7% but despite this, the profit conversion ratio remains virtually unchanged from the same period last year at 43%.

June 7, 2005

Singapore To See Tourists Double In 10 Years - But Will The Hotel Industry Be Ready? | Deloitte Reports

Located in the heart of Southeast Asia, Singapore has for centuries been a bridge between the East and West, bursting with culture, cuisine, arts and architecture. The country ranks among one of the smallest and most densely populated in the world. However, this has not stopped Singapore from thinking big. In January the Minister for Trade and Industry announced plans to double visitor arrivals and triple tourism receipts over the next ten years. As Singapore embarks upon this ambitious phase of development, we look at how it is planning to achieve this target and the implications for the hotel industry.

May 29, 2005

In April, Europe Registered Its Best Monthly Performance In Nearly 5 Years | MKG Reports

The 9.8% rise in RevPAR registered in April versus last year constitutes the best performance in the European hotel industry in nearly 5 years. Indeed the calendar has been favourable to the European hotel industry: Easter fell in March this year, business tourism profited from a longer period of activity, to the benefit of hotels positioned on this segment. Everything came together to make for excellent results: a combined rise in average daily rates (+4.5%) and occupancy rates (+3.3 points). With the exception of the budget hotel sector, which largely compensated for a drop in its number of visitors by rising average daily rates, all indicators are in the black in all categories. These very good results are driven by the midmarket and upmarket segments. The 3* and 4* categories registered rises equal to or greater than 10%, while 2* hotels rose by 7.8%.

May 13, 2005

Beijing And Shanghai Hotel Performance On The Up | Deloitte Reports

Latest results from the China edition of the HotelBenchmark Survey by Deloitte show that revenue per available room (revPAR) across China increased by 18% to US$70 during the first quarter of 2005. This is not surprising, as visitor arrivals to the country have been booming. According to the China National Tourist office, international visitors increased by 48% in 2004 to reach 17m. Strong economic growth, an increase in the number of low-cost airlines and the relaxation of travel regulations have also resulted in a surge in domestic travel across the country.

May 12, 2005

London Hotel Development Monitor | May 2005

Since 1989, Visit London has been compiling data about new hotel developments across London. This information details new hotel openings, as well as potential developments which are likely to be constructed. This data can help identify gaps in London’s hotel market, and geographical areas where hotel coverage is poor.

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May 12, 2005

Weekly U.S. Lodging Performance May 1, 2005 - May 7, 2005 | Smith Travel Research

Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.

May 8, 2005

Middle East Travel & Tourism Poised for Robust Growth in 2005 | WTTC Reports

DUBAI, UAE and LONDON, UK | The World Travel & Tourism Council (WTTC) released its 2005 Travel & Tourism forecasts for the Middle East countries today at the Arabian Travel Market in Dubai, UAE.

May 5, 2005

Is The Sky Falling On The Convention Center Industry?

In January of 2005, the Bookings Institution published a policy brief authored by Prof. Heywood Sanders called Space Available: the Realities of Convention Centers as Economic Development Strategy. Sanders paints a grim view of the convention industry as one in which out of control local government investment in convention center space is underway despite a precipitous and permanent decline in the demand for that space. Sanders describes the state of the industry as an “arms race” in which “local officials are willing to try almost any investment in their quest for more convention visitors.” He claims this futile quest is motivated by vested interests1 and their say anything consultants who have consistently exaggerated the potential economic impact of convention center development.

By Thomas Hazinski and Thomas Hazinski

April 25, 2005

New National Study Shows Gays More Likely Than Non-Gays to Book Travel Online

ROCHESTER, N.Y. | According to a recent nationwide survey, gay, lesbian and bisexual (GLB) adults who are online are more likely to book hotel reservations through online portals than heterosexual online adults. While fully 35 percent of heterosexual respondents said they don’t book travel online, fewer than one in five (18%) GLB respondents said they did not.

Harris Interactive

April 13, 2005

Hotel Performance In Macau Is On Its Way To Winning The Jackpot | Deloitte Reports

Macau is located on the western bank of the Pearl River Delta in the Guangdong province of Southern China, intersecting Mainland China and the South China Sea. Over recent years, the casino-led city has experienced a tourism boom, fuelled by the liberalisation of the gaming industry in 2002. This has naturally had a knock-on impact on hotel performance which reached its highest levels to date last year. Results from the HotelBenchmark Survey by Deloitte show that Macau's revenue per available room (revPAR) increased by 35.4% to US$63 in 2004.

April 13, 2005

Hotel Report Shows UK Hotel Industry 'buoyant' | PKF Reports

The UK hotel industry is definitely on the way up, according to PKF hotel consultancy services. Investments are at record levels whilst trading performances of both London and regional UK hotels are approaching levels last seen five years ago, as revealed in PKF’s annual Hotel Britain report, launched today.

April 12, 2005

Leisure Travel Hits Six Year High; Outlook Positive for Leisure Travel in the Year Ahead According to 2005 National Leisure Travel Monitor Results

ORLANDO, Fla. | The percentage of adult Americans who have taken at least one overnight trip of more than 75 miles from home has risen to the highest level observed since 1999 according to the Yesawich, Pepperdine, Brown & Russell/Yankelovich Partners 2005 National Leisure Travel Monitor. According to this closely-watched barometer of the travel habits, preferences and intentions of Americans, fully 58% of American adults took such a trip during the past 12 months (up from 49% last year), of which one third took at least one trip primarily for business and 93% took at least one trip primarily for pleasure.

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April 10, 2005

A Rejuvenating Year For Texas Hotels And Restaurants | Texas Hospitality Indicator Rises 8.69% Over Last Year’s Fourth Quarter

Virtue Group has released the quarterly results of the Texas Hospitality, Bar, and Restaurant Report (collectively known as the Texas Hospitality Indicator) for the fourth quarter of 2004 and for the year-end.

Virtue Group LLC and Virtue Group LLC

April 6, 2005

French Hotel Market Performance February 2005 | BDO Reports

Activity of Parisian and regional hotels showed a slow down in recovery with generally decreasing RevPARs. The Palaces & Deluxe hotels as well as the 2 star properties (both in the capital and in the provinces) are an exception to the dropping RevPAR trend while other categories are severely affected.

April 3, 2005

MKG's 2005 World Ranking Of Hotel Groups | Intercontinental Hotels Group Maintains Its Position As World Leader

As a foreshadow of the detailed assessment of the worldwide hotel industry, compiled each year by MKG Consulting and published in the May/June issue of HTR Magazine, here is a listing of the 10 largest groups, and 20 largest brands in the world. Last year, through the acquisition of the American, Candlewood Suites, the British InterContinental Hotels Group took the lead in the worldwide ranking of hotel groups. Despite a new restructuring of its supply, which led to the loss of some 2,000 rooms, it maintained its advance over the challenger, Cendant, who reduced the difference by increasing its supply.

March 30, 2005

Internet Booking Continues to Grow in Popularity among Business Travelers, Accenture Survey Finds

NEW YORK | Almost three-quarters of U.S. business travelers use the Internet as their primary means of arranging their business travel, according to results of a survey released today by Accenture (NYSE: ACN).

March 17, 2005

WTO Update Shows High Overall Confidence In Post Tsunami Recovery

Berlin, Germany, According to the latest WTO Market Intelligence report, revealed at the second Emergency Task Force meeting in the German capital, the overall confidence in a rapid tourism recovery in the Indian Ocean region is rather high.

March 7, 2005

For The Second Consecutive Year, The French Hotel Supply Lost Rooms | MKG Reports

Like last year, the hotel supply registered a minimal drop of 0.1% in the number of rooms. With 661,779 rooms as of January 1st 2005 versus 662,327 in 2004 and 20,140 hotels as of January 1st 2005 versus 20,398 last year, the difference between the openings and closings of hotels shows a slight diminution: 258 fewer hotels, and 548 less rooms.