In September, U.S. hotel occupancy decreased 2.1% to 68% year over year, while ADR rose 1.9% to $131 and RevPAR dipped 0.3% to $89.10.
Augusts 439,615 full-time equivalents (FTE), was the second highest monthly employment total since November 2004 (439,776 FTEs), down 0.9 percent from the highest monthly total in July 2018 (443,475).
Booking.com has delved into its unprecedented insights from over 163 million verified guest reviews and research from 21,500 travelers across 29 countries to reveal eight travel predictions for 2019.
Meetings industry has achieved consistent growth in spend and attendees for the fourth consecutive year, solidifying its value as a business enabler
Hurricanes Michael and Florence are both gone, but the extent of their destruction is now coming into clearer focus.
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 7-13 October 2018, according to data from STR.
The third quarter of 2018 saw meeting planners award an unusually high number of RFPs for all future dates compared to a particularly weak third quarter of 2017. The growth rate in awarded RFPs to U.S. hotels over the past 12 months average 11.4%, based on data from the Cvent Supplier Network. The third quarter grew an impressive 14.7%.
The Canadian hotel industry saw occupancy increase 1.3% to 69.6% for the week of 7-13 October. ADR rose 2.5% to 158.15 Canadian dollars ($121.19) and RevPAR increased 3.9% to CA$109.99 ($84.29).
Its no secret: Cyber Monday is a huge opportunity for hoteliers to drive bookings. What began as a one-day online shopping holiday has, over the years, extended into Black Friday and Thanksgiving, with some brands promoting deals even earlier. As a result, consumers arent just searching for deals earlier, theyre also making more purchases over a longer period of time. According to Adobe Analytics, American consumers spent $19.62 billion online between Thanksgiving and Cyber Monday in 2017, a 15% increase year over year.
The Educational Foundation just released a report on the Gen Z workforce and what we need to do to recruit them to our industry.