The hotel industry in New Orleans has struggled to regain its footing in the years since Hurricane Katrina, but new data suggest a recovery is underway.
One year since the beginning of the Arab Spring, demand has yet to return to Egypt, Bahrain and the Levant region according to the 2011 year-end data from STR Global.
There were 3.4 million job openings on the last business day of December, up from 3.1 million in November. The hires rate (3.1 percent) and the separations rate (3.0 percent) were unchanged in December.
After December 2011 was marked by a slowdown in growth for the budget and 2 star sectors. In the 3 star market, the pattern varied throughout France, with Paris and a number of regional towns resisting well and others experiencing sharp declines in occupancy. However, average RevPAR did grow in this category. In the 4 star market, the upswing continued.
Data trends on cheapest hotel rates as well as median rate for three months of three, four and five star hotels across some of the major cities in Asia.
Looking at the recent finding on rate parity trends in Europe by RateGain, is it too early to believe that in light of the upcoming London Olympics, hotels in London are making an effort to generate direct bookings by offering their best rates on their brand sites?
