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Trends |
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Liquidity and Risk - The Party's Over - By Scott Smith MAI
In the 2007 edition of Hospitality Investment Survey PKF Hospitality Research (PKF-HR) stated that, 'the lingering question on investors' minds is how to maximize yield in a capital induced frenzy of lowered revenue growth expectations, increasing upward pressure on operating costs and questionable exit expectations further on the horizon'. In 2008, it is evident that liquidity in the market has been drastically reduced, RevPAR expectations have been revised downward, and transactions have slowed considerable.
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Canadian Occupancy, ADR, RevPAR - Week Ending July 12, 2008
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.
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AAA Travel Professionals Say Travelers Adjust Plans in Response to Rising Gas Prices
Travelers will change plans, but won't shy away from travel overall
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U.S. hotel industry posts record revenue, pre-tax profits
Pre-tax income for the United States hotel industry in 2007 increased 5.3 percent to a record $28 billion, according to the recently released 2008 Hotel Operating Statistics (HOST) Study issued by Smith Travel Research (STR).
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Cornell Study Highlights the 'Pitfalls' of Reliance on Frequent Traveler Programs
Though they are widely used in all segments of the travel and tourism industry, loyalty programs are unable to increase a hotel or airline's average purchase frequency among their patrons.
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