Global Hotel Market News

Australia Among Countries Leading Global Hotel Rebound

Australia Among Countries Leading Global Hotel Rebound

11th Aug 2010 Press Release Hotel News

The Australian hotel industry has rebounded strongly from the global financial crisis having recorded one of the highest percentages of occupancy globally and one of the largest percentage increases in revenue per available room (revPAR) for the year to May 2010, according to Deloitte.

Great Hotels Organisation Reports Longer Booking Window

Great Hotels Organisation Reports Longer Booking Window

25th Mar 2010 Press Release Hotel News

Consumers are changing the way they book holidays according to Great Hotels Organisation, the London-based hotel sales and marketing alliance. Travelers are shifting away from last minute hotel bookings in preference of longer advance-booking lead-times.

Luxury hospitality – back with a bang in 2010

Luxury hospitality – back with a bang in 2010

12th Mar 2010 Focus

Last year was one of the toughest on record for luxury hospitality. But now the sector is well on the road to recovery with a raft of new openings, plus some ground-breaking developments in the pipeline. Breaking Travel News picks the best of the new crop.

HRG Releases Results of 2009 Hotel Survey

HRG Releases Results of 2009 Hotel Survey

12th Feb 2010 Press Release Hotel News

The overall picture emerging from the Hogg Robinson Group (HRG) 2009 Hotel Survey shows room rates falling by between 3-4% on average between 2008 and 2009, a graphic indication of the worst year for the global economy since 1946. World GDP fell in 2009 for the first time since demilitarization after the Second World War. However, the survey also illustrates the different pace of recovery across economies and highlights long term global economic trends that have been accelerated by the global recession - with the economic ‘balance of power’ shifting from West to East.

Why Hotels Are Not Recovering Any Time Soon

Why Hotels Are Not Recovering Any Time Soon

19th Jan 2010 Press Release Hotel News

PhoCusWright Hotel industry performance is often predictable yet somehow still catches us by surprise. Like any other economy, the sector relies on a balance of supply and demand-do not let the flat panel TVs and fantastic beds fool you. Hotel performance is significantly tied to the overall economy as well as the industry’s own cyclical trends. Recovery is a vague concept but one that is easy to evaluate. Here is the PhoCusWright Financial Edition’s outlook for the hotel industry.

The secrets of hotel guests are revealed in a survey on hotel staff.

The secrets of hotel guests are revealed in a survey on hotel staff.

18th Jan 2010 Press Release Hotel News

Results collected from the Novotel Survey of guests in-hotel behavior, as sited from the eyes of staff, found that while the majority of hotel guests are much more eco friendly and more likely to leave rooms tidier, when compared to the last survey taken ten years ago, many still end up naked in hallways and leave unusual items behind.

Hotels worldwide still struggling

Hotels worldwide still struggling

25th Nov 2009 Hotel News

Global hotel occupancy levels and revenues remained subdued for October. Both the US and Asia/Pacific posted falls in all three key performance indicators for October, according to a report by STR Global.