LONDON and HENDERSONVILLE, Tennessee - The global hotel industry recorded declining occupancy rates and mixed average daily rate and revenue per available room results for the month of September 2008, according to data from STR and STR Global. Data for reports was gathered from more than 36,150 hotels comprising 4.93…
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Comments • Posted on Oct 29, 2008 - 04:13 PM
ATLANTA, Oct. 28 /PRNewswire/—The downward gravitational pull on the national economy resulting from extraordinary financial events currently playing out on Wall Street and in Washington has prompted PKF Hospitality Research (PKF-HR) to revise downward its hotel industry forecast for 2009 issued September 2008. The company is now expecting RevPAR and…
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Comments • Posted on Oct 28, 2008 - 05:00 PM
WALTHAM, Mass., Oct. 22 /PRNewswire/—Global Insight, the world’s leading company for economic and financial analysis and forecasting, recently acquired by IHS (NYSE:IHS), today released the third quarter 2008 update of U.S. Travel Insights which calls for a year-over-year decline in the total number of domestic Person-Trips, and continued, albeit less…
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Comments • Posted on Oct 22, 2008 - 06:22 PM
CHICAGO—(BUSINESS WIRE)—In a recently-completed survey of consumers, Chicago-based foodservice consultants Technomic, Inc. found that the financial market meltdown is likely to cause a high number (74 percent) of consumers to visit both quick- and full-service restaurants less often. Technomic also found that over 50 percent of consumers – and over…
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Comments • Posted on Oct 22, 2008 - 01:32 AM
SERVICED APARTMENTS SECTOR TO WITHSTAND GLOBAL ECONOMIC SLOWDOWN First ever Global Serviced Apartments Report published by The Apartment Service - includes Extended Stay Hotel, Aparthotel and Corporate Housing sectors: Key findings * 65% of corporates have travel & relocation policies in place * 72%…
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Comments • Posted on Oct 21, 2008 - 05:33 PM
BERLIN, October 20/PRNewswire/— Germany is one of Europe’s leading travel destinations, with a share of almost 20 percent of industry value in the European hotels and motels industry. Investments in tourism will be one of the topics of this year’s ITB Asia, taking place in Singapore from October 22-24. Invest…
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Comments • Posted on Oct 20, 2008 - 09:05 AM
WESTLAKE VILLAGE, Calif., Oct. 17 /PRNewswire/—Even in the midst of economic conditions that have negatively impacted travelers around the globe, customer satisfaction with hotels in Europe has improved since 2007 in two key segments, according to the J.D. Power and Associates 2008 European Hotel Guest Satisfaction Index Study(SM) released today.…
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Comments • Posted on Oct 17, 2008 - 11:17 AM
TROY, Mich., Oct. 16 /PRNewswire/—In a survey conducted by Clear Seas Research on October 13th, food industry insiders expressed concern over the impact of the current credit crisis—both on their companies and on the food/beverage industry as a whole. While some believe the credit crisis will have “very little” or…
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Comments • Posted on Oct 16, 2008 - 12:10 PM
What: J.D. Power and Associates 2008 European Hotel Guest Satisfaction Index Study results will be announced from the International Hotel Conference at the Rome Cavalieri Hilton in Rome, Italy. The J.D. Power and Associates 2008 European Hotel Guest Satisfaction Index Study, now in its fourth year, measures the overall satisfaction…
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Comments • Posted on Oct 15, 2008 - 07:14 PM
SOUTHLAKE , Texas (Oct. 8, 2008) – According to the latest poll from Travelocity®, 66 percent of respondents say concerns about the economy will affect their holiday travel plans. Despite their worries, 78 percent plan to travel for at least one of the upcoming holidays. When compared to last year,…
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Comments • Posted on Oct 08, 2008 - 11:17 PM