Archive - Categories : Market News

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Metasearch: the winning approach to direct bookings

Categories: Published on April 12, 2017

Technology has consistently changed our approach to the ways we manage and do business. As consumers are always connected to their digital channels, their habits are constantly evolving. These constant shifts have challenged the hospitality industry to keep pace with new technology and trends so as to compete in the online community space. Optimising a hotel’s online distribution to drive more… + Read More

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HotStats European Chain Hotels Market Review – April 2015

Categories: Published on May 28, 2015

Both Barcelona and Brussels hoteliers reported significant year-on-year increases in gross operating profit per available room (GOPPAR) of 30.5% and 34.7% respectively, according to the latest data from HotStats. April was a strong month for hotels in the Catalan capital with rises in average room rate (ARR) of 11.6% and occupancy of 3.7 percentage points, leading to a rooms revenue per… + Read More

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Expedia gives up on China partner, sells off $671M majority stake in eLong

Categories: Published on May 28, 2015

Ctrip, China’s top travel site, this afternoon announced it has taken a US$400 million stake in long-time arch-rival eLong. The deal, which closed today, was done by acquiring eLong shares from Expedia. Ctrip now has a 37.6 percent stake in its erstwhile rival. Expedia has sold off its entire 62.4 percent stake in eLong, worth US$671 million, by selling the remaining shares… + Read More

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TripAdvisor puts new focus on Chinese market with rebranding, app

Categories: Published on May 28, 2015

Newton-based travel website TripAdvisor said Wednesday that it unveiled a new brand name for Chinese-speaking customers and released a new mobile app to serve those users. TripAdvisor's (Nasdaq: TRIP) new Chinese brand would be known as "Mao Tu Ying" — a phonetic word play combining the Chinese characters for “owl” with the Chinese character for “journey." + Read More

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Positive March 2015 Performance for Hotel Industry in Americas Region

Categories: Published on May 4, 2015

The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during March 2015, according to data compiled by STR, Inc. and STR Global. Compared to March 2014, the Americas region reported a 2.2-percent increase in occupancy to 66.6 percent, a 4.1-percent increase in average daily rate to US$122.35 and a 6.3-percent increase in revenue… + Read More

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Mixed March 2015 Performance for Hotel Industry in European Region

Categories: Published on May 4, 2015

The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, Euros and British pounds for March 2015, according to data compiled by STR Global. Amongst Europe’s sub-regions, Northern Europe saw double-digit growth for ADR (+14.2 percent to EUR110.53) and RevPAR (+16.2 percent to EUR80.31) when compared to March 2014. Within the sub-region, Ireland drove the increases… + Read More

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Positive March 2015 Performance for Hotel Industry in Middle East And Africa

Categories: Published on May 4, 2015

The Middle East/Africa region reported positive year-over-year results in two of the three major performance metrics during March 2015 when reported in U.S. dollars. The region reported a 3.2-percent increase in occupancy to 68.7 percent and a 0.7-percent rise in revenue per available room to US$118.04. Average daily rate, however, decreased 2.3 percent to US$171.82. When looking at the three Middle East/Africa… + Read More

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UK Chain Hotels Market Review – March 2015

Categories: Published on May 4, 2015

Whilst London hotels' profitability showed a virtually flat year-on-year movement in the month of March, the UK provinces continued to post strong performance with particular growth in gross operating profit per available room (GOPPAR). In particular, South East hoteliers recorded an 8.4% surge in this metric. With occupancy increasing by 2.5 percentage points, hoteliers in the South East region managed to… + Read More

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European Chain Hotels Market Review – March 2015

Categories: Published on May 4, 2015

Amsterdam and Vienna hotels recorded increases in gross operating profit per available room (GOPPAR) of 6.4% and 11.9% respectively in March, confirming positive performance for the first quarter of the year. Hoteliers in Amsterdam experienced a 2.2 percentage point rise in demand at the expense of average room rate, which declined by 0.6%, resulting in a rooms revenue per available room… + Read More

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Hotel industry house profit reaches all-time high in 2014

Categories: Published on April 28, 2015

Hotel industry revenue levels topped an estimated US$176 billion in 2014, which is nearly US$14 billion more than 2013, according to STR Analytics’ 2015 Hotel Operating Statistics (HOST) Almanac. Total industry-wide house profit reached nearly US$66 billion, an increase of 12.8 percent when compared to 2013. On an absolute nominal basis, this house profit represents an all-time high, though the… + Read More

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