Thanks to advanced business intelligence (BI) tools, hotel operators today can spend more time focused on analyzing the data rather than collecting the data. They can get more work done within the same timeframe, and make better, faster decisions along the way.
Job openings were little changed at 7.1 million on the last business day of October. Over the month, hires edged up to 5.9 million nearly matching a series high, while separations were little changed.
London hotel occupancy rose 2.5% to 85.9% in November, according to preliminary data from STR. ADR rose 3% to £156.94 ($198), which drove RevPAR up 5.6% to £134.85 ($170.13).
According to preliminary November data from STR, hotels in Jeddah, Saudi Arabia, reported occupancy decreased 4.3% to 43.9%, ADR dropped 10.1% to 624.69 Saudi Arabian riyals ($166.58) and RevPAR fell 14% to 274.35 riyals ($73.16).
Rwanda is no longer a newcomer into the tourism scene it has paved its own way to becoming a leading eco-tourism and MICE destination, anchored in its vision, values, aspirations and leadership. Now is the time to invest in this country full of opportunities and possibilities.
European hoteliers had cause for celebration in October, as hotels recorded a 6.1-percent year-on-year increase in profit per room. Performance was boosted by a number of major festivals hosted in key cities, according to the latest data tracking full-service hotels from HotStats.
Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent. Job gains occurred in health care, in manufacturing, and in transportation and warehousing.
At the industry level, US hoteliers enjoyed solid gains in the just-ended month of November, according to the published December issue of the Hotel Industry Pulse (HIP) Digest.
Expedia.com analyzed thousands of data points this year to identify the top trends in travel for 2018, and the results show that American travelers are increasingly interested in unique and novel experiences. Highlights from the report include the rise of secondary destinations like Chiang Mai, the Azores and Cartagena, and non-traditional lodging options such as tentalows and houseboats.
IATA announced global passenger traffic results for October showing that demand rose 6.3% compared to the same month last year.