erc

Hotel Industry Even Stronger in 2015

Discussion created by erc on Dec 5, 2014
Latest reply on Dec 5, 2014 by jakeal

http://www.mortgagebankers.org/tools/FullStory.aspx?ArticleId=53588


A very short, but succinct article highlights the ongoing momentum of the hotel industry, which understandably, currently follows a demand oriented pricing/perks model.


Key Points:

2014 Hotel Occupancy finished at an 18 year high

Room rates and Revenue Per Available Room (Revpar) was in the strongest position since 1987

2015 Hotel Occupancy will continue to increase

Room Rates (2015 average of $121) will rise another 5%

Revpar will rise another 6%


Not in the article, but fun facts we all love to know and tell: Marriott has over 45 million Rewards members and growing (Hilton over 40 million); is a financial leader in the hotel sector setting earnings, revenue, revpar, and stock price records      (strategy changes unlikely ).

 

As that famous hotel guest Bette Davis predicted over a half a century ago, any elites expecting increased benefits,

 

better, "Fasten your seatbelts, it's going to be a bumpy night"

 

Keep on keepin' on Insiders - we're the best shot we've got

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