As the appetite for trying new foods grows and consumers actively seek out new dining experiences, the traditional lines between eating out in restaurants or tucking into street food are blurring.
This article is adapted from The 2019 Smart Decision Guide to Hotel Property Management Systems, which is now available for complimentary download.
Jeddah's hotel demand outpaced supply in March, according to preliminary monthly data from STR.
U.S. airlines carried an estimated 74.9 million systemwide (domestic and international) scheduled service passengers in March 2019, seasonally-adjusted, according to the Bureau of Transportation Statistics (BTS) first estimate, up 0.1% from the February second estimate.
e-forecasting.com's U.S. monthly GDP, monthlyGDP , rose in March by an annualized month-to-month growth rate of 1.2% to $18,921 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 2.4% in February.
Preliminary March data shows demand outpaced supply among hotels in London, leading to a 2.1% occupancy increase.
While the hotel sales environment has completely transformed, hotel sales training models seem to be stuck in the 1990s. When I meet hotel leaders at industry conferences it seems most recognize the profound changes such as the emergence of third-party planners and the migration to online RFP tools (CVENT, CVB Platforms and social sites such as The Knot.) Yet most leaders seem to be unclear on what it takes to outsell the competition these days.
Social media advertising has become a seemingly unstoppable force that is transforming the ways hoteliers allocate their marketing funds.
The U.S. hotel industry reported occupancy rose 0.4% to 68.7% during the week of 31 March through 6 April. ADR rose 1.5% to $130.79 and RevPAR increased 1.9% to $89.90.
Canadian hotel occupancy rose 6.3% to 60.9% during the week of 31 March through 6 April, while ADR increased 5.9% to 150.81 Canadian dollars ($112.66) and RevPAR jumped 12.6% to CA$91.87 ($68.63).