An HSMAI Region Europe sales and marketing themed Think Tank was held in Googles London offices on Monday, 24 June 2019, with experts and keynote speakers from TravelClick, Nordic Choice Hotels and Google itself, reserved for leaders working directly in the hotel industry, resulting in very interesting thoughts related to OTAs ambition to increase their market share on corporate business and digital marketing.
Year to date, the Baird/STR Hotel Stock Index is up 21.3%
Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent. Notable job gains occurred in professional and business services, in health care, and in transportation and warehousing.
Canadian hotel occpuancy dipped 1.4% to 72.8%, ADR decreased 1.2% to 175.41 Canadian dollars ($133.96) and RevPAR dropped 2.6% to CA$127.67 (97.50).
The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 4.5% compared to the same month in 2018. This was in line with the revised April traffic growth of 4.4% and above the recent trough of 3.1% year-on-year growth recorded in March.
17 of the Top 25 US Markets saw a RevPAR decrease.
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4% in May 2019, compared to the same period in 2018. This was a slight improvement on the 5.6% contraction in April.
Perhaps taking a page from popular narratives like Eat, Pray, Love, travel and dining often go hand in hand. For most travelers, food and beverage options play a pivotal role in their experience of a new culture or landscape, as well as their opinion of the hotel in which they stay. In this respect, a great location, personalized hotel accommodations, attentive service, and great (often local-inspired) food and drink programs are the primary indicators of a trip well spent.
Despite an almost double-digit uptick in average room rate, year-over-year profit per room at hotels in the Middle East & North Africa dropped in May. GOPPAR fell 2.4% YOY even though average room rate rose 9.7% to $183.70, a high for the year.
Hotels in mainland Europe recorded their first year-on-year increase in profit per room in May, powered by growth across all revenue centres, according to the latest data tracking hotels from HotStats.