In the wake of The New York Times' recent exposé of presidential candidate Donald J. Trump's tax evasion and bankruptcy scandal, Lorraine Abelow, Founder and President of the boutique PR agency Abelow PR, reveals her experiences with the real estate mogul.
A survey released today by global travel deals publisher Travelzoo (NASDAQ: TZOO) reveals the falling value of the British pound, combined with concerns over security, will affect leisure travel over the British academic half term break. Although 33% of Britons are planning half term breaks next week, 22% say they are avoiding some European destinations.
Our latest Global Travel Insights report is out and in it we look forward to Q4 and the December holidays therein. This is an especially busy travel season, with so many global travelers looking to head home or getaway for the holidays. Read more for a few of our most interesting planning patterns.
In year-over-year comparisons, the industry's occupancy decreased 1.4% to 70.7%. Average daily rate (ADR) was nearly flat (-0.2% to US$123.84). Revenue per available room (RevPAR) fell 1.6% to US$87.57.
Compared with September 2015, the U.S. hotel industry's occupancy increased 1.6% to 68.8%. Average daily rate (ADR) for the month was up 3.9% to US$127.07. Revenue per available room (RevPAR) grew 5.6% to US$87.40, marking the 79th consecutive month with a year-over-year increase in the metric.
Sheraton Hotels & Resorts today announced the official unveil of the Sheraton Grand London Park Lane after a multi-million pound transformation of its 303 guest rooms and public spaces, including the famed Palm Court Lounge and Grade II listed Art Deco Ballroom and Silver Gallery.