From Hotel News Now:
The Hotel Industry Pulse index was up in July. This bodes well for the future of our industry.
Here is the story.
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News you can use in planning for 2011 from Hotel News Now:
STR projects the industry will end 2011 with increases in all three key metrics. Occupancy is forecast to rise 1.4 percent to 57.9 percent, ADR is expected to be up 3.9 percent to US$101.55, and RevPAR is projected to rise 5.3 percent.
Supply during [...]
In terms of RevPAR, expect a 5.3% gain in 2011.
Occupancy is expected to increase 1.4% in 2011, and ADR about 4%.
The U.S. is the only worldwide hotel market where rate is still lagging.
Here is the article.
Are We Charging As Much As The Consumer Expects?
Published by August 7th, 2010 in Economy. 0 CommentsAccording to a recent industry survey, we are not charging as much as consumers expect.
Here is the complete article.
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