The updated lodging forecast released today by PwC US shows that the lodging recovery is expected to continue at a solid pace in 2011, driven by balanced growth in industry occupancy and average daily rate.
Asian hotels continue to see double-digit gains
Hotels in the Asia Pacific region experienced mostly positive results in the three key performance metrics during April 2011 when reported in US dollars, according to data compiled by STR Global.
US hotels enjoyed close to 10% profit increase in 2010
While 70 percent of the properties in the Trends® hotel financial sample enjoyed an increase in revenues in 2010, only 60 percent were able to convert that into more money in the bank, indicating that the turnaround in industry performance has not occurred evenly across all sectors of the U.S. lodging industry.
Who are my ‘true’ hotel competitors?
While the question will continue to linger, technology, resources and analytics will continue to evolve. This will undoubtedly provide us with greater insights and strengthen the position of individuals involved in those lively boardroom discussions.
Social media significant traffic source for 78% of travel sites
Social media is a ‘top eight’ driver of traffic for 78% of travel sites according a recent study of the “digital competency” of travel brands, with airlines and hotels dominating the leading brands in the study.
Europeans using new media more to organise and manage their holidays
Europeans are organising more and more via the Internet in preparing their holidays, with 57 percent of them claiming to reserve mainly via the Internet, according to a new study.