The first half of each year includes several large-scale events for hotels, such as the Super Bowl, spring break, graduations and Memorial Day. This year, hotels also have rising economic confidence to thank for rates reaching near record highs. The Hotels.com Hotel Pricing Index (HPI) for the first six months of 2014 found room prices […]
CIP President Joe Kennedy had the opportunity to speak with the Portland Buisness Journal regarding prospects for the historic Heathman Hotel and the hospitality marketplace in the Pacific Northwest. Portland’s iconic Heathman Hotel and it’s sibling property outside Seattle are for sale and they are hitting the market at a hot time for the Pacific […]
ATLANTA—The U.S. lodging industry will achieve 65% occupancy in 2015, the highest national occupancy rate since STR, Inc. began reporting data in 1987, according to the recently released September 2014 edition of PKF Hospitality Research’s (PKF-HR) “Hotel Horizons.” By year-end 2015, PKF-HR projects demand for lodging accommodations will have increased 25.8% since the depths of the […]
A recent survey from TravelClick on online marketing spending showed that as many as 40 percent of hoteliers have not increased marketing spending on Facebook year over year, with a further 34 percent not advertising on Facebook at all. The survey stated that hotels may be missing out on an opportunity to reach travelers, especially in a […]
AAA is forecasting that 34.7 million Americans will travel 50 miles or more from home during the Labor Day holiday weekend, which traditionally marks the end of the United States’ summer, according to a news release. – Enthusiastic travelers remain undeterred by a sluggish economy and will keep travel volume growing, resulting in a 1.3 […]
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