Hotel News Resource
February, 4 2019
 
 
 
U.S. Hotels Secure a Third Consecutive Year of Profit Growth
 
U.S. Hotels Secure a Third Consecutive Year of Profit Growth
 
Good news: U.S. hotels continue to make money. Year-over-year GOPPAR growth of 1.5 percent in December contributed to a 3.4-percent annual increase in profit for hotels in the U.S., according to data from HotStats tracking full-service hotels. It was the third consecutive year of GOPPAR growth, following YOY increases of 3.7 percent in 2016 and 3.0 percent in 2017. Read More
 
U.S. Employment Trends
U.S. Unemployment Rate Edges Up To 4.0%
U.S. Unemployment Rate Edges up To 4.0%
 
Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent. Job gains occurred in several industries, including leisure and hospitality, construction, health care, and transportation and warehousing. Read more
 
Market Report China
Economic Expectations for China Increase Slightly, But Economic Outlook Still Weak
Economic Expectations for China Increase Slightly, But Economic Outlook Still Weak
 
In the most recent survey for January (9–24 January 2019), expectations regarding the Chinese economy have risen by 2.2 points, to a new reading of minus 18.3 points (December 2018: minus 20.5 points). Despite the renewed increase, the indicator is still clearly in negative territory and remains well below the long-term average of 2.7 points. This sees the CEP Indicator, which reflects the expectations of international financial market experts regarding China’s macroeconomic development over the coming twelve months, pointing to a prolonged period of economic weakness. Read more
 
U.S. Employment Trends
Majority of Hiring Managers Believe Role of Recruiters Will Change with Rise of Technology
Majority of Hiring Managers Believe Role of Recruiters Will Change with Rise of Technology
 
Plan to Increase Utilization of Staffing Firms in Next Five Years Read more
 
Market Report Australia
JLL Real Views - Spain's Hotels Power Up for an Eco-Friendly Future
Spain's Hotels Power up for an Eco-Friendly Future
 
Across Spain, hotels are prominently flagging their green credentials as they increasingly take steps to reduce their environmental footprint and appeal to a new generation of eco-aware consumers. Read more
 
Hotel Development Spain
DoubleTree by Hilton La Coruña Coming to the Galicia Region of Spain
DoubleTree by Hilton La Coruña
 
The hotel will be situated only a few steps from major tourist attractions, including the Plaza de María Pita, Museo Bellas Artes – Casa Museo Picasso and the famous Tower of Hercules. Read more
 
Hotel Development Rome
297 Room Radisson Blu GHR Rome Hotel Announced
297 Room Radisson Blu GHR Rome Hotel Announced
 
Due to be fully renovated by Q1 2021, Radisson Blu GHR Rome will feature 297 rooms, including 41 junior suites and 10 suites. Read more
 
Hotel Development Dominican Republic
Excellence Group Luxury Hotels and Resorts to Open Resort in Punta Cana
Excellence Group Luxury Hotels and Resorts to Open Resort in Punta Cana
 
Excellence Group Luxury Hotels and Resorts has announced plans to open the second outpost from their Finest Resorts brand. Set to open its doors the first half of 2020, Finest Punta Cana will be set on the shores of Punta Cana and will be the third Excellence Group property in the Dominican Republic. Read more
 
SkyWest Fleet
Embraer and SkyWest, Inc. Sign Contract for Nine E175 Jets
 
Embraer and SkyWest, Inc. have signed a firm order for nine E175 jets, with deliveries expected to begin in 2019. The order has a value of USD 422 million, based on current list prices, and was already included in Embraer's 2018 fourth-quarter backlog. SkyWest Airlines will operate all nine E175s, featuring a 76-seat configuration. Read more
 

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In Brief...
 

Hotel Distribution Solutions
Booking.com & STAAH - A Strategic Partnership

Hotel Opening Thailand
Avani Hotels & Resorts Opens on Thailand's Koh Samui

Hotel Opening China
336 Room Hilton Taizhou Opens in China

Mereté Hotel Management Development Update
Mereté Hotel Management, Previously InnSight Hotel Management Group, Celebrates 25 Years of Excellence in the Hospitality Industry

 
 
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