Mid-day
market brief update for Wednesday, January 29, 2014
I was just reminded of PKF HR’s Trends in the Hotel Industry 2013 video
presentation of some of this report’s basic industry statistics presented by
Robert Mandelbaum, director of research information services for PKF
Hospitality Research- https://www.youtube.com/watch?v=kc6e_8exWkI.
Recovery continued through the year 2012
with the occupancy rates approaching the long-run average this meaning that the
number of rooms booked was nearing the numbers they were pre-economic strife in
recent years when measured over a longer period of time instead of measuring
only the years of latest recessionary occurrences. This is good news essentially. As often stated in these business companies
and studiers of it, the occupancy rate serves in a canary in the coal mine
capacity dissipating during economic hardship on national and global scales and
this occupancy rate rising again when the strife has begun to leave, being
similar to days when a caged canary was brought with the miners into their mine
causing the bird to faint dead away or actually die when a poison gas was
present in the mine warning the workers ahread of time of their conditions
allowing escape and suitable problem management.
Have a truly good rest of the day from
hotelxgroup!
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