In 2019, U.S. hotels posted flat occupancy growth (66.1%), ADR rose 1% to $131.21 and RevPAR increased 0.9% to $86.76 compared to 2018.
U.S. hotel occupancy rose 0.6% to 54.4% in December as ADR increased 2% to $126.84 and RevPAR rose 2.6% to $69.
According to HVS research, the South East Asia market is on a trajectory to add 170,671 hotel rooms (or 8.6%) to the overall hotel room supply between 2019 and 2023, translating to a five-year CAGR of 1.7%.
The City Momentum Index 2020 covers 130 major established and emerging markets to identify the cities that have the strongest positive momentum in their economies and real estate markets over the short to medium term.
A new year is the perfect opportunity to reflect on the previous year: What brought the most success? What could be improved? What can we add to our current marketing plan to ensure even higher success in 2020? With the industry constantly evolving and improving, we have put together some top digital trends hoteliers should keep on their radar to create a successful digital strategy in 2020.
Update from Restaurantdata.com on growing and emerging restaurant concepts
It is amidst a turbulent economic outlook and political instability that the region continues to diversify its economic reliance on oil production and to commit large investments on tourism and non-oil related sectors. The Middle East region continues to face distraught on the back of ongoing political conflicts and a fragile energy sector.
Sustainability is top of the agenda this year at Davos as governments and businesses around the world are grappling with ways to combat climate change.
The Bureau of Transportation Statistics (BTS) estimates that U.S. airlines carried more passengers in 2019 than in any previous year. For the full year 2019, January through December, U.S. airlines carried 925.5 million passengers, the highest total based on comparable records since 2003.
The hospitality business has always been a competitive one. Now, with the arrival of platforms like vacation rentals,& BnB; hotels, lodges and guesthouses alike will have to up their game even further to stand out. Hotel marketing coach Are Morch shares his tips.