More news from AH&LA

RSS

According to a panel at the recent American Hotel & Lodging Association U.S. Lodging Industry Summit, here are some of the latest hospitality trends:

-More people are researching and booking through the Internet—from $1.27 billion in 2003 to $1.66 billion in 2005, a 30 percent increase.

-Last year’s 1.6 percent average daily rooms-sold rate will increase to 4.5 percent this year.

-Occupancy will increase from 59.2 percent in 2003 to 60.8 percent in 2004; average daily rates also will go from $83.12 (0.1 percent) in 2003 to $85.11 (2.4 percent) in 2004. Demand also will be heading upward.

-Generation Xers are starting to catch up to Baby Boomers in their travel-spending habits.

-All the new construction and re-flagging leading hotel companies have been doing will add up to more than half of the total lodging available this year: a total of 165,138 properties.

-Security concerns are taking a back seat to the economy when it comes to reasons why travel is difficult for them.

To receive a weekly blog update, e-mail Sue.

Please or Register to post comments.

What's face2face?

An eclectic mix of news about meetings and events, hospitality, and business travel, along with helpful hints and the occasional rant.

Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×