Hospitality Insight

Recently i came across a new coupon site called, block-c.com . Block-c.com is unique in the sense that you wouldn’t see this site cluttered with lot of content like regular coupon sites. This site is very clean and simple. In the whole site only thing you would find is relevant content which is coupons and deals. To make it easy for user, site has been designed like a search engine. User can simply search for latest coupons, deals and discounts and its search engine shows excellent results. 

For example: when i searched for coupons of site build.com, it took me to the following page build.com coupon page, which had all the coupons from build.com.  Furthermore site is updated very frequently. One can find all the latest coupons from the premier US brands as soon as merchants offer them. To list a few, some of my favorite coupons from, Macys, Hostgator, ChinaBuye.com are listed on block-c.com. Therefore i would encourage everyone to checkout this site for coupons before you do shopping.

Post sandy the analysts have cut their growth forecast for hospitality sector. Earlier the growth in fourth quarter was expected to above 6%. But now the analysts expect it to grow between 5 and 5.5 percent. 

Hotels in east coast - new york, boston and washington- account for  between 10 to 12 percent of the total US lodging revenue. Since, east coast has bear the brunt of sandy storm the most, the loss in revenue and damage caused due to storm could have devastating effect on commercial property across the nation.  

According to latest media report the damaged caused by sandy could be close to $80 billion. 

Hospitality industry in US is set to grow annually at rate of 5-7 percent in next couple of years. The National Restaurant Association predicts 3.6 percent growth for restaurant sector in 2012. In 2010 travel and tourism generated more than 1.3 trillion dollars in economic output and supported 7.7 million jobs in US. The US department of commerce predicts that international travel to United States is set grow at 5-7 percent through 2015. The US Travel association predicts that domestic travel will increase by 2% annually through 2013. 

Yes, that is true. According to a recent survey conducted in UK, singles spend 47 pound on an average on a particular date. In UK alone dating singles contribute over $3 billion to hospitality industry. Now that is a huge number. If I were a restaurant owner I would pay special attention to both singles and couples looking for comfortable places to date.

Caribbean has unique operating environment as most of its revenues comes from resorts catering to needs of cash rich tourists. In 2008, Caribbean bore the brunt of recession as well. Suddenly the tourists stopped coming to Caribbean, and due to high operating costs most of the resorts were left with no other option but to cut back on costs and manpower. But now, the tourist are back again! According to analysts, 135 new development project are underway, and the investor are bullish on caribbean again  

The US hospitality industry is expected to show strong results this summer. According to STR, the occupancy is expected to rise to 1.9% to 68%. The average daily rate is expected to increase to 3.9 percent to US$106.64.  The revenue per room available to increase to 5.9% to US$73.59

Welcome to our blog! In the next course of year we shall blog about hospitality industry in US.