China Hotel Predictive Analytics Report Released by E-Forecasting
Hotel Brokers International posted a 26 percent increase in the number of hotel real estate transactions closed in 2016 and the upward trend continues for the hotel broker network into 2017.
Plans to expand by implementing a hotel management model
Hoteliers need to understand the underlying issues related to how guests are experiencing their brands and properties and work diligently to improve the guest experience on an ongoing basis.The good news, according to The 2017 Smart Decision Guide to Hotel Guest Experience Management (currently available for complimentary download) is that nearly two-thirds (63 percent) of large and full-service hotels, and more than half (51 percent) of midsize and limited service hotels, indicate that their organizations have been either 'successful' or 'very successful' in improving the quality of the guest experience in recent years.
The U.S. hotel industry reported negative performance during the week of 9-15 April. Occupancy decreased 4.6% to 64.3%, ADR decreased 0.2% to $123.41 and RevPAR dropped 4.8% to $79.33.
For the week of 9-15 April 2017, the Canadian hotel industry saw occupancy fall 6.8% to 56%, ADR was mostly flat (+0.1% to CA$138.54 ($102.74)), and RevPAR decreased 6.7% to CA$77.60 ($57.55).