The hotel industry continued to recover in January 2011 with strong growth in both global hotel revenue and bookings, according to data from Pegasus Solutions’ The Pegasus View.
Driven by demand and assisted by rate growth, business travel revenue rose by more than +40 percent over January of last year, while leisure revenue jumped nearly +15 percent over the same period in 2010.
Showing posts with label industry. Show all posts
Showing posts with label industry. Show all posts
Tuesday, March 1, 2011
Friday, August 13, 2010
Hotel Industry Pulse Index: Business Expansion Probability 100 percent
HIP is a composite indicator which gauges business activity in the US hotel industry in real-time, similar to a gross domestic product measure for the industry. The latest monthly change brought the index to a reading of 89.9. The index was set to equal 100 in 2000.
HIP's six-month growth rate, which historically has signaled turning points in US hotel business activity, continued to improve. After 20 months of the six-month growth rate being negative, the rate has gone up six consecutive months. In July, the six-month growth improved upon June's growth of 10.8 percent by gaining 17.5 percent. This compares with a long-term growth rate of 3.2 percent. It is useful to benchmark against the long-term growth rate of 3.2 percent because it is the same as the 38-year average annual growth rate of the industry's GDP.
HIP's six-month growth rate, which historically has signaled turning points in US hotel business activity, continued to improve. After 20 months of the six-month growth rate being negative, the rate has gone up six consecutive months. In July, the six-month growth improved upon June's growth of 10.8 percent by gaining 17.5 percent. This compares with a long-term growth rate of 3.2 percent. It is useful to benchmark against the long-term growth rate of 3.2 percent because it is the same as the 38-year average annual growth rate of the industry's GDP.
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