The hotel industry in Canada continues through midyear with solid demand and ADR growth. PEI leads the provinces in demand growth and British Columbia continues to trump ADR growth.
The Central/South America region reported 21,937 rooms in construction as of July 2019, which is a 7.1% year-over-year decrease.
You see, the game of budgets in most hotel companies where the corporate or regional master needs to approve the plan before it is presented to the owner, is a game of under promise now and hopefully over deliver next year. Some people I know call this the practice of sandbagging. It is not mean or deceitful, rather it is a game. If you are asleep at the switch when you are doing the review, well, that is your problem.
Update from Restaurantdata.com on growing and emerging restaurant concepts
According to the recent Latin America construction pipeline trend report from Lodging Econometrics (LE), the total construction pipeline is in its third year of decline by rooms and has 710 projects/123,392 rooms. 710 projects is the lowest number of projects in the pipeline since the fourth quarter of 2013.
U.S. airlines adding 109,000 seats per day to accommodate record number of air travelers
Providing one experience to fits all website visitors is no longer an option. With up to 98% of customers abandoning hotel websites without booking, the majority of data hoteliers can action lives within the 2% of guests who decide to book.
U.S. hotel occupancy rose 0.4% to 73.8% in July, and a 0.7% ADR increase to $135.04 drove RevPAR up 1.1% to $99.62.
38% eat healthier, 26% work out more, and only 7% do not maintain their wellness regimes
Another way to assess the bottom-line health of the U.S. lodging industry is to examine the ability of hotel owners to meet their debt obligations. If hotel operations are generating enough funds to pay the interest on the loans taken out by the owners for purchasing, building, furnishing, or operating their properties, then the investment and lending community is at ease.