Sales & Marketing USA & Canada Reports - Hospitality Net

Advertisement

February 14, 2023

Trend Report: Sandals® Resorts Takes the Romantic Pulse of America, Coins 2023 'The Year of We'

Couples are optimistic about their relationships and intend to make more time for their partners in 2023 according to a recent survey by the Sandals Institute of Romance – Sandals Resorts' trend-house responsible for analyzing and spotting the latest global news in modern love, relationships, and intimacy. Surveying more than 1,000 adults across the United States in partnership with Wakefield Research, the data points to major trends, expectations, and other factors impacting relationships, passion, and connection in the year ahead.

Sandals Resorts International

October 4, 2016

Corporate Hotel Rate Negotiations 2017 Forecast – A Change in the Balance of Power from Sellers to Buyers

As the corporate and contract rate negotiation season is about to begin, the 2017 outlook is for a change in the balance of power from sellers to buyers. Corporate and contract rate negotiations generally begin during September and continue into December. Corporate and contract rates represent almost 20 percent of occupied U.S. room nights and almost 30 percent of U.S. lodging industry revenue.Following among the largest percent and dollar increases in corporate contract rates in decades of typically between 5.75 to 7 percent for 2016, the forecast for 2017 is for increases on 3.25 to 4.0 percent. Overall average daily rate (ADR) for the U.S. lodging industry is expected to increase approximately 4.5 to 5.0 percent in 2016, with smaller increases for 2017 of 4.0 to 4.5 percent.U.S. hotel occupancy in 2015, approximately 65.5 percent, was the highest since 1984 and consensus forecast for 2016 at the time of the negotiations was for occupancy to increase, so the balance of power in negotiations favored sellers. Actual occupancy will be slightly lower than occupancy in 2015.There are four factors that will have the greatest effect to shift the balance of power from the sellers to the buyers:

By Bjorn Hanson, Ph.D., Clinical Professor, NYU

April 7, 2011

Value Remains In Vogue: In Pursuit Of The Best Deal | Ypartnership Insights March 2011

Yes, most economic indices (including our Traveler Sentiment IndexTM) now suggest that demand for travel services will recover nicely in the year ahead, but this doesn't mean consumers are ready to pay higher fares and rates just yet. In fact, the results of our soon-to-be-released 2011 Portrait of American TravelersTM reveal that value remains in vogue, and that travelers are still focused on finding the best fares and rates when planning and purchasing travel services, whether for business or leisure. This should come as no surprise as the memory of their personal financial angst caused by the Great Recession still looms large.

May 27, 2010

And Now For Some Good News... Is The Gray Cloud About To Pass? | The April Traveler Sentiment Index

The Traveler Sentiment IndexSM from our April travelhorizonsSM survey reveals a significant increase in perceived “money available for travel” (82.4 in April 2010, up from 70.3 in April 2009), suggesting that consumers are now more confident about their personal finances and may, therefore, be more inclined to make discretionary expenditures on travel services than they were one year ago.

April 6, 2010

Deloitte Whitepaper Offers Insight for Tourism, Hospitality and Leisure Companies to Consider in Their Efforts to Succeed in the Recovery

Over the last several years, tourism, hospitality and leisure (THL) companies have experienced a downturn of historical proportions. Companies were glad to see 2009 come to an end. The protracted recession in the United States that began in late 2007 and the global meltdown of financial markets that occurred a year later led to a sharp cutback in spending from businesses and consumers. As both leisure and business travel contracted, many sectors suffered multi-year declines that were the worst ever recorded by industry-watchers.

Deloitte Development LLP

January 25, 2010

DLA Piper 2010 Hospitality Outlook Survey

Faced with a marketplace still struggling to regain its footing, the majority of hospitality executives remain bearish, but bullish sentiment has begun to gain momentum. According to the DLA Piper 2010 Hospitality Outlook Survey, asset values are expected to stabilize during the next 12 months and the majority of respondents expect the US hospitality industry to rebound in 2011.

DLA Piper UK LLP

December 1, 2009

Ringing In The New Year | Ypartnership Insights November 2009

Without question, 2009 has been a year of considerable challenge for practically every travel service provider. So, as the year comes to a close, our thoughts turn to the year ahead with the hope that market conditions will improve. And for some in the industry, just "stabilize" would come as welcomed relief. The results of our most recent travelhorizonsTM survey (which we co-author every 90 days with the U.S. Travel Association) suggest we’re not out of the woods yet, however. And, not surprisingly, value will be in vogue once again.

Ad #1 Hotel PMS

See why hotels are switching to Mews

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo.

Ad Tambourine One

All you need is one.

Some call it a website with a booking engine built in. Some call it a booking engine with a website built in. We call it One.

November 18, 2009

Meeting Planners Struggle To Control Costs | PKF Reports

Hotel managers are not the only party at the negotiating table struggling to control costs and operate within the limits of austere budgets. Meeting planners have also been given the challenge of setting up effective events at the least possible cost.

November 17, 2009

Deloitte Holiday and Winter Travel Survey Suggests Cautious Optimism

While the tourism, hospitality and leisure (THL) sector continues to be challenged by current economic conditions, a new survey from Deloitte suggests reason for cautious optimism heading into the holiday and winter travel season.

Deloitte Development LLP

October 26, 2009

New travelhorizons(TM) survey reveals affect of H1N1 virus on Americans' travel plans

The U.S. Centers For Disease Control and Prevention is reporting the H1N1 virus (a.k.a. the Swine Flu) is now "widespread" in 46 of 50 states. Numerous schools have been closed and public events canceled as a result. Physician visits to evaluate flu-like symptoms are also reported to be higher now than the level typically recorded at the peak of the winter flu season.

September 21, 2009

Market report: Los Angeles

Demand probably has hit bottom in Los Angeles, but rates might still have a ways to go in what looks like a challenging immediate future for one of the country’s biggest hotel markets. The market posted an 11-percent decline in demand in 2009 through July, according to data compiled by Smith Travel Research. The drop in rate was slightly less at 10.8 percent.

Los Angeles, California, United States

September 11, 2009

Hitwise Monthly Travel Category Report - August 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

August 26, 2009

American Express Reports Q2 Business Travel Monitor Results for North America

At the National Business Travel Association Conference, American Express Business Travel, a global leader in business travel management, released its North America Business Travel Monitor (BTM) data and analysis including domestic and international airfare, hotel rates, and car rental prices paid for the second quarter of 2009.

American Express

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.

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?

Ad Tambourine One

All you need is one.

Some call it a website with a booking engine built in. Some call it a booking engine with a website built in. We call it One.

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.

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.

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.

May 29, 2009

New National Travel MONITOR Reveals Changes In Leisure Travelers' Online Search Behavior

While the percentage of leisure travelers who report making reservations online has grown more than thirty-seven percent (37%) since the year 2000, "Consumers' search behavior has changed in recent years as people have become more familiar with search technology and the number of travel planning/purchasing sites has grown exponentially," said Peter C. Yesawich, chairman and CEO of Ypartnership.