5 THINGS TO KNOW ABOUT U.S. JULY PERFORMANCE DATA
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July marked the highest occupancy for the United States hotel industry, according to an analysis by Jan Freitag, senior VP of lodging insights at STR, parent company of HNN. What does that mean for hoteliers? More good news. And more records.”
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8
The document discusses differing views on the state of the US housing market recovery:
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2) However, others note that the slow rate of recovery remains a concern, and many local markets and homeowners are still not feeling the effects of the economic recovery.
3) Economists have become more optimistic about the housing outlook over the next two years due to an improving job market, but views still differ on how quickly the market will normalize.
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Mobile devices like smartphones are ranked as the most important travel accessory, and potential guests use them to book travel in various situations, according to data from Hotels.com.
Utilities & Labor Costs at a glance
The 2016 HOST Almanac indicates utility costs were down across the country in 2015 and were particularly low in the central regions. Labor costs are poised to increase in many markets over the next few years. Data from the 2016 HOST Almanac shows the regions with the highest labor costs were the Mid-Atlantic, Paci c and East North Central.
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Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
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https://www.mmanor.ca/blog/best-5-bed-and-breakfast-new-brunswick-canada
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5 THINGS TO KNOW ABOUT U.S. JULY PERFORMANCE DATA
- 1. July marked the highest occupancy for the United States hotel industry, according to an analysis by Jan Freitag, senior VP of lodging insights at STR, parent company of HNN. What does that mean for hoteliers? More good news. And more records.” July occupancy of 75.3% was the highest single occupancy of any month EVER RECORDED by STR. Demand also hit an all-time high with 116.8 MILLION roomnights sold. ONE THINGS TO KNOW U.S. JULY PERFORMANCE DATA JULY TWO RevPAR now has been growing for 65 MONTHS. This growth was the second strongest pace this year, with JANUARY’S +8.7% taking first place. 8.3% RevPAR GREW THREE This is the THIRD MONTH IN A ROW of +5% growth. ADR increased 5.9% FOUR JANUARY JULY The days of SUB-1% supply growth are behind us. And with demand growth that ultimately has to level off we will enter a period of slower occupancy growth and eventually OCCUPANCY DECLINES (AFTER 2016). FIVE 50% OF ALL ROOMS under construction are in the top 26 markets. The number of rooms under construction is (again) around 20% HIGHER than it was a year ago. UNDER CONSTRUCTION % IN TOP 26 MARKETS © 2015 STR, Inc. All Rights Reserved. illustrations: jon edwards