The U.S. hotel industry recorded positive results in the three key performance measurements during the week of November 16th through 22nd, according to data from STR. In year-over-year measurements, the industry's occupancy rose 5.5 percent to 60.7 percent.
ADR increased 4.1 percent to finish the week at $112.52, and RevPAR for the week was up 9.8 percent to finish at ...
Millennials will travel more than their older counterparts in 2015, according to Hotwire’s 2014 American Travel Behavior Survey.
More than any other age group, approximately one-third of Millennials intend on traveling more in 2015. Those aged 18-34 are more likely than their older counterparts to take one or two large vacations in 2015 (35 percent versus 23 percent of those ...
The U.S. hotel industry reported positive results in the three key performance metrics during November 2014, according to data from STR.
Overall, in year-over-year results, the U.S. hotel industry's occupancy was up 2.5 percent to 58.7 percent; its ADR rose 4.5 percent to $112.52; and its RevPAR increased 7.1 percent to $66.09.
Of the top 25 markets, nine reported double-digit ...
According to the hotel booking site Getaroom.com, and hospitality reputation management company ReviewPro, Millennials/Gen Y rely on user-generated peer reviews to help make their travel booking decisions much more than older generations.
They also explained the reasons and motivations behind that behavioral trend with Skift.
Since launching in 2009, Getaroom has amassed over 90,000 hotel listings, with about 60-65% of ...
Marriott International said it expects its portfolio of hotels either open or under development to surpass one million rooms by the end of 2015.
When open, the hotels under development will have generated more than $50 billion in real estate investment globally by Marriott's owner partners and created more than 150,000 new hotel jobs.
"In 2014 alone, Marriott signed agreements ...
It's been an extended happy hour at U.S. bars and restaurants, which led hiring gains last month.
U.S. dining establishments added 58,700 jobs in February, the Labor Department said Friday. It was a sign that solid job growth — more than 3 million positions added over the past 12 months — is causing more consumers to splurge on lunches, lattes ...
While some industries are still trying to return to pre-recession employment numbers, hospitality and leisure are flourishing like never before. And, with the busiest travel time of the year still on the horizon, the sector's growth should continue.
The U.S. Bureau of Labor Statistics (BLS) reports as of February 2015, hospitality and leisure employment was at 15,053,000. That actually continues ...
