Travel and Tourism/Hotels and Hospitality

Market brief for Sunday, February 16, 2014

     Hotels under STR’s research scrutiny were 56.2% full last week when all the rooms were looked at grouped together.  Percentages varied from individual property to individual property. 

     On a truly frightening note, an African hotel in Nigeria was just reported by a major NY newspaper found on Google news as serving human meat to their guests/clients. 

     Hyatt’s revenue per available room grew by 5.9%.  “Looking ahead, we expect healthy occupancy levels in the U.S. to support increasing strength in room prices,” Mark S. Hoplamazian, Hyatt’s president and CEO, said in a news release. “We expect to continue our asset recycling program and deploy proceeds into key growth priorities in order to drive guest and owner preference for our brands.” - See more at: http://www.hotelnewsnow.com/article/13155#sthash.iiUCgqYb.dpuf

     Have a great rest of the day from hotelxgroup!