The United States hotel industry enjoyed another month of impressive performance. Here are five things to know about October data from STR, parent company of Hotel News Now.
Revenue-per-available-room growth for the United States hotel industry slowed during August. But Jan Freitag, senior VP of lodging insights for HNN’s parent company STR, said that’s partly because Labor Day weekend wasn’t during the same week as last year, and it also wasn’t even in the same month. Here are five things you need to know about August’s data.
With revenue per available room now growing for 64 months, June was another good month for the U.S. hotel industry, according to an analysis by STR’s Jan Freitag. Here are five things you need to know about the data.
With the holidays rapidly approaching, trends from hotel bookings from 2014 through the third quarter of 2015 are predictive of patterns this coming season. The good news is that there is still time to influence holiday travelers who are in pre-purchase mode, according to a data report from Adara.
Hotel marketers should consider Pinterest a priority since it plays a key role at both the aspirational and planning stages of the travel-decision-making process.
What do hoteliers want out of their hotel management software? Data was randomly collected from 385 hoteliers from April 2014 through June 2015 to find out.
JAN FREITAG’S 5 THINGS TO KNOW ABOUT U.S. SEPTEMBER PERFORMANCE DATAHOTEL NEWS NOW (STR)
Revenue per available room in the US hotel industry increased 8% in September, reversing the 2.2% growth seen in August. The Labor Day calendar shift positively impacted September numbers, unlike the effect of the August calendar shift. The forecast for annual revenue growth remains at 6.8%, implying some increase in the fourth quarter. Economy hotels increased room rates 6.3% while upper-upscale hotels grew rates 2.4%, and lower-rated chains outperformed high-end hotels.
U.S. hotel performance indicators continued to reach all-time highs in April according to an analysis. RevPAR has now been growing for 62 consecutive months. New York City had the highest occupancy of any U.S. market at 86.9% in April. Supply growth hit a new low of +0.1% for the third straight month while three of the top 10 hottest under construction markets are located in Texas.
Hotel supply in the United States is a hot topic of conversation. The industry had 407,413 branded guestrooms under contract
at the end of April, which represented a 18% jump over 2015 levels.
Where are those rooms going? We break down the current U.S. supply pipeline into top brand contributors and the leaders in each segment.
Revenue-per-available-room growth for the United States hotel industry slowed during August. But Jan Freitag, senior VP of lodging insights for HNN’s parent company STR, said that’s partly because Labor Day weekend wasn’t during the same week as last year, and it also wasn’t even in the same month. Here are five things you need to know about August’s data.
With revenue per available room now growing for 64 months, June was another good month for the U.S. hotel industry, according to an analysis by STR’s Jan Freitag. Here are five things you need to know about the data.
With the holidays rapidly approaching, trends from hotel bookings from 2014 through the third quarter of 2015 are predictive of patterns this coming season. The good news is that there is still time to influence holiday travelers who are in pre-purchase mode, according to a data report from Adara.
Hotel marketers should consider Pinterest a priority since it plays a key role at both the aspirational and planning stages of the travel-decision-making process.
What do hoteliers want out of their hotel management software? Data was randomly collected from 385 hoteliers from April 2014 through June 2015 to find out.
JAN FREITAG’S 5 THINGS TO KNOW ABOUT U.S. SEPTEMBER PERFORMANCE DATAHOTEL NEWS NOW (STR)
Revenue per available room in the US hotel industry increased 8% in September, reversing the 2.2% growth seen in August. The Labor Day calendar shift positively impacted September numbers, unlike the effect of the August calendar shift. The forecast for annual revenue growth remains at 6.8%, implying some increase in the fourth quarter. Economy hotels increased room rates 6.3% while upper-upscale hotels grew rates 2.4%, and lower-rated chains outperformed high-end hotels.
U.S. hotel performance indicators continued to reach all-time highs in April according to an analysis. RevPAR has now been growing for 62 consecutive months. New York City had the highest occupancy of any U.S. market at 86.9% in April. Supply growth hit a new low of +0.1% for the third straight month while three of the top 10 hottest under construction markets are located in Texas.
Hotel supply in the United States is a hot topic of conversation. The industry had 407,413 branded guestrooms under contract
at the end of April, which represented a 18% jump over 2015 levels.
Where are those rooms going? We break down the current U.S. supply pipeline into top brand contributors and the leaders in each segment.
November showed the impact a single day in calendar shift can have on the United States hotel
industry. November 2014 had one more Sunday (a low-demand day) and one less Friday (high demand)
than November 2013, resulting in the lowest demand growth since January, according to an analysis
from Jan Freitag, senior VP of strategic development for STR, parent company of HNN.
Marriott International’s acquisition of Starwood Hotels & Resorts Worldwide resulted in a behemoth of 27 hotel brands.
Here’s a look at some of the numbers at play in the deal.
Jan Freitag—of “Freitag’s 5” fame—is out on paternity leave for the next two months. But that doesn’t mean the monthly U.S. data stops. Here are five things to know about May’s hotel performance data from STR, HNN’s parent company.
After talking about the Easter shift and the corresponding softness in RevPAR it finally happened. Well, sort of. When you look at March’s growth versus the first two months of the year, March data was really not that bad, according to STR SVP of lodging insights Jan Freitag. Here are five things you need to know about the data.
The U.S. hotel industry is seeing supply growth pick up, with the most significant spike expected to come in summer 2016, according Julie Gafney, VP of the database operations center for STR, parent company of Hotel News Now.
JAN FREITAG’S 5 THINGS TO KNOW ABOUT U.S. OCTOBER PERFORMANCE DATAHOTEL NEWS NOW (STR)
RevPAR growth for the US hotel industry in October was 6.5%, which is the fourth lowest for the year. While October RevPAR growth was positive, it was not as strong as in previous months despite having an extra Saturday. Five factors that influenced October hotel performance included: RevPAR growth for October being the highest since 2010; supply growth increasing for the third straight month; a lack of over 5% increases in average daily rate; and STR revising its forecasts down due to more muted RevPAR growth expected for the year.
This document analyzes hotel performance data over the 2016 Easter holiday weekend. It reports that among major global markets, Kyoto, Japan and Macau, China had the highest Easter eve occupancy rates at 98.4% and 98.1% respectively. In the US, New York City and the Florida Keys had the highest Easter eve occupancy rates at 92.2% and 91.5%. Additionally, Easter eve average daily rates in the US have exceeded $100 for the past five years, with only 2008 previously reaching over $100. Globally, hotel occupancy and rates are typically higher on the Saturday before Easter than on Easter Sunday itself.
At a time when hotels need to take every precaution to avoid falling victim to a data breach and being branded as insecure, consumers don't seem to know much about the security issues that worry them.
Marriott International and Hilton clearly lead the way for publicly listed hotel companies in terms of market capitalization, but both lag well behind the largest players in the overall world of travel.
A recent survey of U.S. guests from Oracle Hospitality and Phocuswright shows that guests have strong opinions about in-room Wi-Fi. temperature and light controls, entertainment and technology-assisted housekeeping.
Jan Freitag’s 5 things to Know U.S. January Performance DataHOTEL NEWS NOW (STR)
Luxury and upper upscale hotel chains saw RevPAR growth of 7.1% and 4.3% respectively in January, driven by healthy increases in average daily rates. The inauguration of the US President led to double-digit RevPAR growth in 10 markets including Washington D.C. at 77.1%, boosting occupancy and rates. However, outside the top 25 markets, hotel occupancy remained below 50% for January.
A glance at the world's largest hotel companies, brands, properties, pipelines and global markets by room count. All figures are as of December 2016, according to STR.
New research from GfK shows roughly a quarter of consumers are willing to be open with companies about their personal data if they're getting something in return.
Looking for a good hotel bar with great cocktails this New Year’s Eve? Look no further. Here are a few favorite cocktail recipes from hoteliers and F&B experts in NYE markets around the world.
Jan Freitag’s 5 things to Know U.S. October Performance DataHOTEL NEWS NOW (STR)
Key performance indicators, as expected, show the hotel industry riding out the curve in October, with RevPAR growing for the 80th straight month, but at the slowest rate this year.
Hackers take numerous approaches to probe for and exploit weaknesses in corporate computer systems in their hunt for valuable personal and financial information.
A year after the launch of chip payment, businesses and consumers are still working to get a handle on the technology, while card processors say they’ve seen improvement.
November showed the impact a single day in calendar shift can have on the United States hotel
industry. November 2014 had one more Sunday (a low-demand day) and one less Friday (high demand)
than November 2013, resulting in the lowest demand growth since January, according to an analysis
from Jan Freitag, senior VP of strategic development for STR, parent company of HNN.
Marriott International’s acquisition of Starwood Hotels & Resorts Worldwide resulted in a behemoth of 27 hotel brands.
Here’s a look at some of the numbers at play in the deal.
Jan Freitag—of “Freitag’s 5” fame—is out on paternity leave for the next two months. But that doesn’t mean the monthly U.S. data stops. Here are five things to know about May’s hotel performance data from STR, HNN’s parent company.
After talking about the Easter shift and the corresponding softness in RevPAR it finally happened. Well, sort of. When you look at March’s growth versus the first two months of the year, March data was really not that bad, according to STR SVP of lodging insights Jan Freitag. Here are five things you need to know about the data.
The U.S. hotel industry is seeing supply growth pick up, with the most significant spike expected to come in summer 2016, according Julie Gafney, VP of the database operations center for STR, parent company of Hotel News Now.
JAN FREITAG’S 5 THINGS TO KNOW ABOUT U.S. OCTOBER PERFORMANCE DATAHOTEL NEWS NOW (STR)
RevPAR growth for the US hotel industry in October was 6.5%, which is the fourth lowest for the year. While October RevPAR growth was positive, it was not as strong as in previous months despite having an extra Saturday. Five factors that influenced October hotel performance included: RevPAR growth for October being the highest since 2010; supply growth increasing for the third straight month; a lack of over 5% increases in average daily rate; and STR revising its forecasts down due to more muted RevPAR growth expected for the year.
This document analyzes hotel performance data over the 2016 Easter holiday weekend. It reports that among major global markets, Kyoto, Japan and Macau, China had the highest Easter eve occupancy rates at 98.4% and 98.1% respectively. In the US, New York City and the Florida Keys had the highest Easter eve occupancy rates at 92.2% and 91.5%. Additionally, Easter eve average daily rates in the US have exceeded $100 for the past five years, with only 2008 previously reaching over $100. Globally, hotel occupancy and rates are typically higher on the Saturday before Easter than on Easter Sunday itself.
At a time when hotels need to take every precaution to avoid falling victim to a data breach and being branded as insecure, consumers don't seem to know much about the security issues that worry them.
Marriott International and Hilton clearly lead the way for publicly listed hotel companies in terms of market capitalization, but both lag well behind the largest players in the overall world of travel.
A recent survey of U.S. guests from Oracle Hospitality and Phocuswright shows that guests have strong opinions about in-room Wi-Fi. temperature and light controls, entertainment and technology-assisted housekeeping.
Jan Freitag’s 5 things to Know U.S. January Performance DataHOTEL NEWS NOW (STR)
Luxury and upper upscale hotel chains saw RevPAR growth of 7.1% and 4.3% respectively in January, driven by healthy increases in average daily rates. The inauguration of the US President led to double-digit RevPAR growth in 10 markets including Washington D.C. at 77.1%, boosting occupancy and rates. However, outside the top 25 markets, hotel occupancy remained below 50% for January.
A glance at the world's largest hotel companies, brands, properties, pipelines and global markets by room count. All figures are as of December 2016, according to STR.
New research from GfK shows roughly a quarter of consumers are willing to be open with companies about their personal data if they're getting something in return.
Looking for a good hotel bar with great cocktails this New Year’s Eve? Look no further. Here are a few favorite cocktail recipes from hoteliers and F&B experts in NYE markets around the world.
Jan Freitag’s 5 things to Know U.S. October Performance DataHOTEL NEWS NOW (STR)
Key performance indicators, as expected, show the hotel industry riding out the curve in October, with RevPAR growing for the 80th straight month, but at the slowest rate this year.
Hackers take numerous approaches to probe for and exploit weaknesses in corporate computer systems in their hunt for valuable personal and financial information.
A year after the launch of chip payment, businesses and consumers are still working to get a handle on the technology, while card processors say they’ve seen improvement.
As supply continues to increase and widen its lead over demand, the U.S. hotel industry reported continued occupancy declines, as occupancy fell 0.4% in August. Jan Freitag, SVP of lodging insights at STR, HNN’s parent company, gives his take on how the chain scales performed, which markets show above-average supply growth and more.
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.
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, Pacic and East North Central.
The hotel industry has reached the halfway point in 2016 as the current cycle continues to unwind. Here’s a look at five things to know about June’s hotel performance data from STR, HNN’s parent company.
PyData London 2024: Mistakes were made (Dr. Rebecca Bilbro)Rebecca Bilbro
To honor ten years of PyData London, join Dr. Rebecca Bilbro as she takes us back in time to reflect on a little over ten years working as a data scientist. One of the many renegade PhDs who joined the fledgling field of data science of the 2010's, Rebecca will share lessons learned the hard way, often from watching data science projects go sideways and learning to fix broken things. Through the lens of these canon events, she'll identify some of the anti-patterns and red flags she's learned to steer around.
We are pleased to share with you the latest VCOSA statistical report on the cotton and yarn industry for the month of May 2024.
Starting from January 2024, the full weekly and monthly reports will only be available for free to VCOSA members. To access the complete weekly report with figures, charts, and detailed analysis of the cotton fiber market in the past week, interested parties are kindly requested to contact VCOSA to subscribe to the newsletter.
06-18-2024-Princeton Meetup-Introduction to MilvusTimothy Spann
06-18-2024-Princeton Meetup-Introduction to Milvus
tim.spann@zilliz.com
https://www.linkedin.com/in/timothyspann/
https://x.com/paasdev
https://github.com/tspannhw
https://github.com/milvus-io/milvus
Get Milvused!
https://milvus.io/
Read my Newsletter every week!
https://github.com/tspannhw/FLiPStackWeekly/blob/main/142-17June2024.md
For more cool Unstructured Data, AI and Vector Database videos check out the Milvus vector database videos here
https://www.youtube.com/@MilvusVectorDatabase/videos
Unstructured Data Meetups -
https://www.meetup.com/unstructured-data-meetup-new-york/
https://lu.ma/calendar/manage/cal-VNT79trvj0jS8S7
https://www.meetup.com/pro/unstructureddata/
https://zilliz.com/community/unstructured-data-meetup
https://zilliz.com/event
Twitter/X: https://x.com/milvusio https://x.com/paasdev
LinkedIn: https://www.linkedin.com/company/zilliz/ https://www.linkedin.com/in/timothyspann/
GitHub: https://github.com/milvus-io/milvus https://github.com/tspannhw
Invitation to join Discord: https://discord.com/invite/FjCMmaJng6
Blogs: https://milvusio.medium.com/ https://www.opensourcevectordb.cloud/ https://medium.com/@tspann
Expand LLMs' knowledge by incorporating external data sources into LLMs and your AI applications.
We are pleased to share with you the latest VCOSA statistical report on the cotton and yarn industry for the month of March 2024.
Starting from January 2024, the full weekly and monthly reports will only be available for free to VCOSA members. To access the complete weekly report with figures, charts, and detailed analysis of the cotton fiber market in the past week, interested parties are kindly requested to contact VCOSA to subscribe to the newsletter.
06-20-2024-AI Camp Meetup-Unstructured Data and Vector DatabasesTimothy Spann
Tech Talk: Unstructured Data and Vector Databases
Speaker: Tim Spann (Zilliz)
Abstract: In this session, I will discuss the unstructured data and the world of vector databases, we will see how they different from traditional databases. In which cases you need one and in which you probably don’t. I will also go over Similarity Search, where do you get vectors from and an example of a Vector Database Architecture. Wrapping up with an overview of Milvus.
Introduction
Unstructured data, vector databases, traditional databases, similarity search
Vectors
Where, What, How, Why Vectors? We’ll cover a Vector Database Architecture
Introducing Milvus
What drives Milvus' Emergence as the most widely adopted vector database
Hi Unstructured Data Friends!
I hope this video had all the unstructured data processing, AI and Vector Database demo you needed for now. If not, there’s a ton more linked below.
My source code is available here
https://github.com/tspannhw/
Let me know in the comments if you liked what you saw, how I can improve and what should I show next? Thanks, hope to see you soon at a Meetup in Princeton, Philadelphia, New York City or here in the Youtube Matrix.
Get Milvused!
https://milvus.io/
Read my Newsletter every week!
https://github.com/tspannhw/FLiPStackWeekly/blob/main/141-10June2024.md
For more cool Unstructured Data, AI and Vector Database videos check out the Milvus vector database videos here
https://www.youtube.com/@MilvusVectorDatabase/videos
Unstructured Data Meetups -
https://www.meetup.com/unstructured-data-meetup-new-york/
https://lu.ma/calendar/manage/cal-VNT79trvj0jS8S7
https://www.meetup.com/pro/unstructureddata/
https://zilliz.com/community/unstructured-data-meetup
https://zilliz.com/event
Twitter/X: https://x.com/milvusio https://x.com/paasdev
LinkedIn: https://www.linkedin.com/company/zilliz/ https://www.linkedin.com/in/timothyspann/
GitHub: https://github.com/milvus-io/milvus https://github.com/tspannhw
Invitation to join Discord: https://discord.com/invite/FjCMmaJng6
Blogs: https://milvusio.medium.com/ https://www.opensourcevectordb.cloud/ https://medium.com/@tspann
https://www.meetup.com/unstructured-data-meetup-new-york/events/301383476/?slug=unstructured-data-meetup-new-york&eventId=301383476
https://www.aicamp.ai/event/eventdetails/W2024062014
5 THINGS TO KNOW ABOUT U.S. OCTOBER PERFORMANCE DATA
1. 4.3%
The annualized demand growth rate for
group rooms is +4.3%, the strongest
growth rate since January 2012.
RevPAR year to date was up 8.4%, the
strongest October YTD increase ever.
OCT.
J F M A M J J A S N D
HOTEL
Room demand
grew by 6.3%.
Previous Months
RevPAR was the strongest performance
for any October ever (+10.1%).
Occupancy was up 5.3% to 68%.
ADR was up 4.6%.