Only hotels in the South Atlantic region experienced a positive price momentum during this period. The performance of hotels in non-gateway cities declined at a faster rate relative to those in gateway cities. Hotel financial operating performance has finally returned to positive profitability with operating profit exceeding both a hotel propertys operating costs as well as financial (borrowing) cost, based on economic value analysis (EVA).
During the week of 6-12 October, U.S. hotel occupancy fell 1.4% to 70.8%, ADR dipped 1.2% to $131.38 and RevPAR decreased 2.6% to $92.99.
Canadian hotel occupancy rose 1.6% to 70.4% during the week of 6-12 October while ADR increased 0.7% to 158.96 Canadian dollars ($120.90) and RevPAR rose 2.3% to CA$111.91 ($85.11).
The 21 U.S. scheduled passenger airlines employed 2.3% more workers in August 2019 than in August 2018
Last month, Starfleet Research, the leading provider of best practices IT market research for the hospitality industry, released The 2019 Smart Decision Guide to Hospitality Revenue Management. Now in its fifth edition, this title is widely considered to be the hotel industrys most authoritative and comprehensive resource on this topic. The new edition is now available for complimentary access.
Travel influencers are having a moment. With the ability to showcase stunning photography and lesser-known parts of the world, social media is the perfect platform for avid travelers to gain a following. This provides the perfect opportunity for hotel brands to partner with influencers and tap into those audiences in order to reach ideal guests.
The International Air Transport Association (IATA) announced the results of its 2019 Global Passenger Survey showing that passengers are looking to technology to improve their travel experience.
The second quarter 2019 average domestic itinerary air fare of $364 was an increase from both the first quarter of 2019 and the second quarter of 2018, adjusted for inflation.
In August 2019, reporting marketing carriers posted an on-time arrival rate of 77.6%, up from both the 76.9% on-time rate in July 2019 and from 75.2% in August 2018.
Hotels in Sydney reported occupancy fell 3.5% to 79.6% in September, according to preliminary STR data. ADR decreased 2.6% to 205.44 Australian dollars ($138.60) and RevPAR declined 6.1% to AU$163.60 ($110.37).