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Recovery Accelerates with Strong Growth in Group Demand

Recovery Accelerates with Strong Growth in Group Demand

NEW YORK—An updated lodging forecast released by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid 6.5 percent RevPAR growth in 2014. Despite a weak first ...

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Hotels Continue to Invest in People and Technology

Hotels Continue to Invest in People and Technology

The introduction of technology has influenced the duties of on-site hotel sales personnel over the years. The Internet, sophisticated revenue management programs, and social media provide marketing professionals with an array of new tools. Investment in technology is often justified ...

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Leisure Travel Leads the Charge in Booking and Rates

Leisure Travel Leads the Charge in Booking and Rates

NEW YORK—The hotel industry saw a healthy start to the year and is continuing to show gains in both demand and average daily rate (ADR), according to data from the April 2014 TravelClick North American Hospitality Review (NAHR). The transient ...

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PKF Forecasts Double-Digit Gains in NOI Through 2015

PKF Forecasts Double-Digit Gains in NOI Through 2015

ATLANTA, Ga.—According to the 2014 edition of Trends in the Hotel Industry, an annual report recently released by PKF Hospitality Research LLC (PKF-HR), hotel profits are on pace to exceed pre-recession levels in 2014. Despite the slowdown in the pace ...

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Boston Marathon to Bring Economic Boost to Region

Boston Marathon to Bring Economic Boost to Region

The 118th Boston Marathon on April 21, 2014, and surrounding marathon-related events including the John Hancock Sports & Fitness Expo and the Boston Athletic Association (BAA) 5K, will bring an estimated $175.8 million in spending impact to the Greater Boston ...

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