According to a new survey from CareerBuilder, 65 percent of employers say they plan to hire recent college graduates this year, up from 57 percent last year and the highest outlook since 2007. One third will offer higher pay than last year, and 1 in 4 will pay $50,000 or more.
According to research from Starfleet Media, almost one-quarter (23%) of restaurateurs who have not purchased a new POS System within the past 3 years plan to do so in the next 12 months.
According to research conducted by Starfleet Media, the implementation of Hospitality Revenue Management results in a 10 percent average increase in revenue per available room (RevPAR) for large and very large hotels, potentially translating into millions of dollars in additional profit for these companies.
Future business activity in U.S. hotels rose in March according to the latest reading of the Hotels' future business conditions (HIL) indicator. e−forecasting.com's HIL, a composite indicator that gauges future monthly overall business conditions in the U.S. hotel industry, increased by 0.1% in March to 115.5, following a decline of 0.1% in February. The index is set to equal 100 in 2005.
In year-over-year measurements, the industry's occupancy increased 9.4 percent to 68.8 percent. Average daily rate increased 8.3 percent to finish the week at US$121.20. Revenue per available room for the week was up 18.5 percent to finish at US$83.43.
Same-Property RevPAR in the first quarter of 2015 increased 3.6 percent over the same period of 2014 to $174.71. Same-Property ADR grew 6.3 percent from the first quarter of 2014 to $222.54. Same-Property Occupancy decreased 2.5 percent to 78.5 percent, primarily impacted negatively by renovations in the quarter.
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