Hotel Industry Recovery Looks Stronger

Volcano´s Impact on Hotels Balances Out The Iceland volcano´s impact on European hotels wasn´t all bad, according to Trust International, a major hotel reservations company. Cancellations increased to a peak on Monday, April 19, to reach more than 50 percent over normal levels. But new reservations also curved upward by more than 25 [...]

Hotel and Car Rental April Update

Hotel Prices Fall 12 Percent Worldwide
 Hotel prices are falling, according to Hotels.com’s Hotel Price Index. Rates for hotels in December 2008 were more than one tenth lower than they had been a year earlier and just one percent above their level in January 2004.
 
North American rates fell the most, down 12 percent in the fourth quarter of [...]

Travel reviews by JD Power and IBM

Hotels

Hospitality Industry Confronts Impact of Economic Downturn
Occupancy and revPAR levels for U.S. hotels continue to decline through the first week of November (latest available data) though ten top markets posted brisk growth in occupancy levels, room rates and revPAR through October.
Hotels in the United Kingdom as well as in Europe overall registered revPAR declines based [...]