USA & Canada Reports - Hospitality Net

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July 23, 2009

Global Business Travel Spend Projected to Exceed $986 Billion by 2013; China to Outpace U.S. in Growth

The National Business Travel Association (NBTA) and Egencia™, the corporate travel arm of Expedia Inc., today released a sample of findings from a landmark study that quantifies global business travel spend and projects business travel growth through 2013. Evaluating 72 countries, the study shows that business travel growth patterns vary dramatically across the globe with North America advancing at an average rate of just over 2 percent per year for the last decade, Western Europe growing 4.6 percent annually and Asia Pacific advancing by 7.2 percent annually over the same period. Emerging Europe and the Middle East/Africa region advanced annually by 12.4 percent and 7.7 percent, respectively, from 1998 to 2008.

Report Sales & Marketing

July 23, 2009

US full-service hotels operating expense trends | Smith Travel Research

Smith Travel Research recently released its 2009 Hotel Operating Statistics (HOST) report. While reviewing a 10-year history of full-service hotels’ expenditures and revenues, several questions come to mind: How effectively has this segment of the hospitality industry been managing profitability during poor and strong economic cycles? During market downturns, how were expenses managed while revenues declined? Was profitability maximized during robust economic periods?

Report Sales & Marketing

July 22, 2009

New National Travel MONITOR℠ Survey Reveals Shifting Accommodation Preferences

The current economic environment is apparently influencing consumers’ interest in certain types of lodging accommodations as revealed in the just-released Ypartnership/Yankelovich 2009 National Travel MONITOR℠. Compared to last year, preference for independently operated hotels and resorts is up, while preference for chain-affiliated properties is declining. Leisure travelers are also more likely to cite “value for the price” as a key consideration when selecting lodging accommodations.

Report Sales & Marketing

July 17, 2009

U.S. hotel Pipeline for June 2009 | STR

The total active U.S. hotel development pipeline includes 4,690 projects with 501,476 rooms, according to the June 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 4.1-percent decrease in the number of rooms in the total active pipeline compared to May 2009 and a 24.5-percent decrease compared to June 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

Report Markets & Performance

July 17, 2009

Global pipeline tapers off in second half of year | hotelnewsnow.com

Ground-up development is rolling at Concord Hospitality. The Raleigh, North Carolina-based hotel management and development company added three new hotels to its 51-hotel portfolio in the past six weeks, and it expects to add at least six more by the end of the year.

Report Markets & Performance

July 17, 2009

STR reports U.S. performance for week ending 11 July 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 5-11 July 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 9.7 percent to end the week at 60.3 percent. Average daily rate dropped 9.6 percent to finish the week at US$93.97. Revenue per available room for the week decreased 18.4 percent to finish at US$56.65.

July 13, 2009

Hitwise Monthly Travel Category Report - Jun 2009

This monthly report provides Hitwise data on: (1) The websites That Entered and Left the Top 100 Travel Category websites - Top 20 websites for the past month based on visits - Most popular search terms typed into a search engine that resulted in traffic to websites classified by Hitwise within the Travel industry. (2) The Traffic Distribution Analysis of visits to the Travel category - The Visits Duration Analysis to the Travel Category - Fast Movers - indicating websites which have witnessed substantial increases in rank in the online Travel industry

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July 13, 2009

Chicago Hotel Industry Outlook: 2009 - 2012

While the national recession continued into the first half of 2009, the Chicago hotel industry, as with many major cities throughout the United States, continued to experience shrinking demand. Looking to the second half of 2009, some evidence suggests that the recession may be nearing an end and the pace of decline may be moderating in the hotel industry. This article examines several of the historical trends and future sources of supply and demand that are expected to shape the city of Chicago’s hotel industry performance during the next three to four years. Additionally, we present findings from our survey of hotel managers throughout Chicago. Based on this data, HVS developed projections of hotel demand, supply, and performance through 2012.

Chicago, Illinois, United States

Report Markets & Performance

July 10, 2009

Canadian hotel investment market expected to recover in 2010 according to Colliers International Hotels and HLT Advisory

According to a survey conducted by Colliers International Hotels and HLT Advisory, the economic recovery is unlikely to benefit the Canadian hotel industry until 2010. The survey of 325 hotel owners, managers and advisors found that 59 per cent of respondents anticipate seeing clear signs of economic recovery in 2010, with only one-fifth (19%) of respondents expecting a recovery this year.

Colliers International

Report Markets & Performance

July 10, 2009

Mark Woodworth, president of PKF Hospitality Research, Interviewed by Stacey Mieyal Higgins | hotelnewsnow.com

Mark Woodworth, president of PKF Hospitality Research, discussed the firm's revised forecasts during a break at the AH&LA Summer Summit.

Report Markets & Performance

July 10, 2009

STR posts US results for week ending 4 July 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 28 June-4 July 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 6.0 percent to end the week at 57.7 percent. Average daily rate dropped 7.4 percent to finish the week at US$95.16. Revenue per available room for the week decreased 13.0 percent to finish at US$54.94.

June 29, 2009

National Travel MONITOR Reveals Where U.S. domestic Travelers Want to Go

In the battle for domestic travel dollars during the year ahead, the just-released Ypartnership/Yankelovich 2009 National Travel MONITOR(SM) reveals that the West is likely to win, with the South not far behind. When asked about their interest in visiting specific regions across the country during the next two years, more than seven in ten (72%) leisure travelers said they'd like to visit the western region of the United States, followed by the South with 62 percent (62%), the Northeast with 33 percent (33%) and the Midwest with 21 percent (21%). Interest in the West and Northeast has decreased since 2008, however, while the appeal of the South and Midwest remained consistent.

Report Sales & Marketing

June 24, 2009

Cornell Study Finds that Lower Hotel Prices Cost Hotels Money in Good Times and Bad

When close competitors cut their prices, the temptation for hotel operators is to follow with reductions of their own. While that strategy may increase occupancy, it reduces revenue per available room (RevPAR), when compared to a hotel’s competitive group. This is the key finding of a new study from Cornell's Center for Hospitality Research, “Competitive Pricing in Uncertain Times,” by Cathy A. Enz, Linda Canina, and Mark Lomanno.

June 23, 2009

STR reports U.S. performance for May 2009

The U.S. hotel industry posted declines in all three key performance measurements during May, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.8 percent to end the month at 55.7 percent. Average daily rate dropped 9.8 percent to finish the month at US$97.03. Revenue per available room for the month decreased 20.4 percent to finish at US$54.05.

June 23, 2009

Industry posts record room revenue in 2008, other indicators slide | STR Reports

The U.S. hotel industry average daily rate reached a record high, ending 2008 at US$106.55, but Pre-Tax Income Profits for the year were down 7.9 percent to US$25.8 billion, according to STR’s Hotel Operating Statistics (HOST) Study.

June 19, 2009

STR posts US results for 7-13 June 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 7-13 June 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 10.1 percent to end the week at 61.0 percent. Average daily rate dropped 9.4 percent to finish the week at US$96.61. Revenue per available room for the week decreased 18.6 percent to finish at US$58.96.

June 19, 2009

Luxury chain scale shows pricing disparity | STR

STR determines chain scales by grouping branded hotels based on average room rates. There are seven segments in all: luxury, upper upscale, upscale, midscale with food & beverage, midscale without food & beverage, economy and independent. All independent (nonbranded) hotels are categorized in a single, separate chain scale category.

Report Markets & Performance

June 15, 2009

STR reports U.S. hotel Pipeline for May 2009

The total active U.S. hotel development pipeline includes 4,907 projects with 522,778 rooms, according to the May 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 22.2-percent decrease in the number of rooms in the total active pipeline compared to May 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

Report Markets & Performance

June 12, 2009

STR posts Canada results for week ending 6 June 2009

The Canadian hotel industry posted decreases in all three key performance measurements during the week of 31 May-6 June, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 12.8 percent to end the week at 64.8 percent. Average daily rate dropped 14.8 percent to finish the week at CAD$130.18. Revenue per available room for the week decreased 25.8 percent to finish at CAD$84.30.

Report Markets & Performance

June 12, 2009

STR posts US results for week ending 6 June 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 31 May-6 June 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 13.9 percent to end the week at 56.6 percent. Average daily rate dropped 10.5 percent to finish the week at US$95.90. Revenue per available room for the week decreased 22.9 percent to finish at US$54.24.

Technology 6 hours ago

RoomPriceGenie launches Portfolio Calendar to give hotel groups clearer control of revenue performance

RoomPriceGenie's Portfolio Calendar gives multi-property hotel groups a single dashboard view of occupancy, ADR, RevPAR, and pricing across all properties to streamline revenue oversight.

Steinhausen, Switzerland

Technology 7 hours ago

VDA Telkonet and Cloudbeds Announce Strategic Partnership to Connect Smart Room Automation with Cloud Hospitality Management

VDA Telkonet and Cloudbeds will integrate guestroom automation with Cloudbeds PMS to auto-trigger room settings at check-in, with commercial availability planned for Q1 2027.

Technology 8 hours ago

Avalora Introduces Cross-Platform Guest Intelligence™

Avalora launched Cross-Platform Guest Intelligence (CPGI) at The Hospitality Show in Miami Beach, an AI platform that aggregates guest interaction data across hotel systems to surface revenue and service insights.

Miami Beach, Florida, United States

Development 11 hours ago

Realtime Reservation appoints Ricky Castoldi as Chief Sales Officer

Ricky Castoldi, formerly CSO at Cendyn, joins RTR to lead global sales following the company's acquisition of Spanish firm Stay.

RealTime Reservation LLC

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