HVS U.S. Hotel Industry Statistics Update – Q3 2019 – By Jerod S. Byrd
The Quarterly Market Pulse shows key economic metrics that relate to the hotel industry’s recent performance and near-term forecast.
Mostly Negative YOY Results for US Hotel Industry for Week Ending August 17th – 2019
During the week of 11-17 August, U.S. hotel occupancy fell 1% to 71.7%, and despite a 0.4% ADR increase to $130.89, RevPAR dropped 0.6% to $93.90.
Canadian Hotel Industry Reports Negative YOY Resuts for Week Ending 17 August 2019
Canadian hotel occupancy decreased 2.7% to 80.1% during the week of 11-17 August, and with a 1.1% ADR dip to 182.70 Canadian dollars ($137.55), RevPAR declined 3.8% to CA$146.38 ($110.20).
Now Available: The Q3 Hotel Digital Marketing White Paper
Now available for viewing and download, the NextGuest Digital Q3 2019 Edition: Hotel Digital Marketer’s White Paper. The white paper covers current trends and industry insights hoteliers should be paying attention to in order to have a strong digital presence. The white paper also takes a deep dive into strategies that will help to reach different audiences throughout the travel planning journey.
Pro-Active Prospecting Is The Only Way Hotel Sales Staff Can Do Their Most Important Job: Fill In ‘Gap’ Dates – By Doug Kennedy
In the current market, most hotels, resorts and other venues are experiencing a significant softening in group demand. However, this does not necessarily mean that hotel salespeople are fielding fewer inbound leads, but rather multiple leads are coming in for dates that are in peak demand for transient and for other group business. Here in the era of electronic RFP’s, where one piece of business generates a proposal request for 8, 10 or more properties, hotel salespeople are perhaps busier than ever simply keeping up with what often feels like 'lead spam.'
Gender Reversal of U.S. Consumer Confidence on the Economy
e-forecasting.com™ earliest and always final reading of U.S. consumer confidence, for the world's largest consumer market of $15 trillion, fell in August, after five consecutive monthly increases since last March.
PwC Hospitality Directions US August 2019
The US lodging industry appears to be at an inflection point, driven by a combination of decelerating demand as well as continued economic and global trade risks.
Limited Service Hotels Have Potential to Offer Room Service Through Tech Integration, Research Shows
The percentage of hotels offering room service has declined by 40% in two years, while food delivery adoption has grown rapidly in the same timeframe.
Yield Management For Hotels: What? Why? How?
More bookings, higher rates, better occupancy … what do you think is top of the mind for every hotelier? Yield – how much revenue all of the above get you.
Rainmaker, a Cendyn Company, Ranks on Inc. 5000 List of America’s Fastest-growing Private Companies
This marks the eighth year for Rainmaker to achieve this honor since 2010. With a continuously expanding customer base and an industry leading platform of revenue & profit solutions, Rainmaker continues to rank on the Inc. 5000 list due to its impressive growth in the hospitality space.