CareerBuilder's Annual Survey Reveals Hot Hiring and Recruitment Trends for 2019
When you read a cross-section of negative comments from online reviews and guest surveys, its easy to recognize a common theme across all lodging operations: 'Heart failure.' More specifically, I am referring to the failure to understand the true heart of hospitality, which is 'caring about as well as caring for others.'
Analysts at Lodging Econometrics (LE) report that Chinas total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY).
The shutdown proved a proverbial death knell for hotels in the month. In addition to decreased occupancy, the market reported a consistent decline across all revenue centers.
The Baird/STR Hotel Stock Index rose 6.8% in February to 4,684. Year to date through the first two months of 2019, the index was up 15.1%.
7 Questions Hotel Marketers Need to Answer With Their Marketing.
The U.S. hotel industry reported occupancy dropped 2.4% to 66.8% during the week of 3-9 March. ADR rose 0.8% to $132.01, but RevPAR decreased 1.7% to $88.15.
The U.S. hotel industry reported occupancy decreased 1% to 65.3%, but a 1.3% increase in ADR to $127.59 raised RevPAR 0.3% to $83.36 during the week ending 2 March.
The Canadian hotel industry reported occupancy fell 1.9% to 59.9% during the week of 3-9 March, and despite a 0.4% ADR increase to 155.46 Canadian dollars ($116.54), RevPAR declined 1.5% to CA$93.17 ($69.84).
Update from Restaurantdata®.com on growing and emerging restaurant concepts