The second quarter ended on a high note for both the business and leisure travel segments. Global leisure travel booked online yielded impressive reservation and rate growth during the second quarter, growing by +10.2% and +6.5% in June respectively.
For many Americans, hotel room service is considered a travel luxury; however, data from PFK Hospitality Research1 suggests that room service revenues fell 9.5 percent from 2007 to 2012, with some hotels shuttering unprofitable operations altogether.
Spanning two continents, Istanbul is a unique destination. This article provides an overview of the supply and demand factors currently affecting the city and a review of the hotel market performance.
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars year-to-date June 2014, according to data compiled by STR and STR Global.
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