PKF: Lodging Industry Future Looks Bright

December 16, 2009

Percent change in U.S. RevPAR, 2005 to 2013

According to PKF Hospitality Research, the pace of recovery of the U.S. lodging industry has accelerated from previous expectations. The December 2009 edition of Hotel Horizons shows improving industry data for key indicators like occupancy, RevPAR (pictured above), and room demand.

Hotel Horizons is a series of quarterly reports containing five-year forecasts of performance for the U.S. lodging industry and 50 major markets across the country. The lodging forecasts are based on Smith Travel Research (STR) and Moody’s data.

Cornell students have access to Hotel Horizons from the Nestlé Library web site.

Leave a Comment » | Hotels, Research Help | Permalink
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2008 Airline Industry by the Numbers

December 9, 2009

The International Air Transport Association (IATA) estimates that the global commercial airline industry suffered a net loss of $10.4 billion in 2008. Compared with the $12.9 billion net profit in 2007, it’s clear that 2008 was an unprecedented year for airlines. And the problems continue into 2009.

According to the latest edition of World Air Transport Statistics, the numbers tell the story. After four consecutive years of growth, the total number of passengers carried by IATA member airlines decreased by 0.9 percent. Freight tonnes showed a sharp decline of 3.5 percent in 2008. Even though the number of employees in the airline industry grew by 0.8 percent, overall productivity per employee fell by 2.0 percent.

The most recent edition of World Air Transport Statistics can be found in the Nestlé Library reference collection. Additional library resources for the airline industry are listed on our Airline Industry Guide.

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Mixed Outlook for Hotel Industry in 2010

December 4, 2009

2009 has been a memorable year for the hotel industry, and not in a good way. According to a special report from Hotels Magazine, the good news is that 2010 will probably be better, but the bad news is that significant improvement won’t be seen until at least 2011.

Many hoteliers would consider a first half in which things do not get worse to be a victory of sorts. “’Flat is the new up’ is true,” says Adam Weissenberg, lead hospitality analyst for Deloitte LLP. “Up until now, positivity had been if [RevPAR] had decreased less than last month. Occupancy is starting to come up, and rate is holding flat—I think that is good news.”

A November report from the United Nations World Tourism Organization (UNWTO) found that international tourist arrivals declined by 7% between January and August, but arrivals in July and August exclusively declined by just 3%. For 2010, UNWTO expects moderate growth. For the hotel industry, modest growth in 2010 would be great news.

For more information, read the special report from Hotels Magazine.

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New Book – Globalization: A Basic Text

December 2, 2009

Using a mixture of academic and popular sources, Globalization: A Basic Text provides an interesting introduction to the major topics in globalization studies. Driven by a range of theories from imperialism to neo-liberalism (as well as the major types of cultural theory), the book examines the key events in the history of globalization.

Among the major topics covered are the economy, culture, technology, media, the Internet, migration, the environment, global inequalities, and the future of globalization.

Globalization: A Basic Text is on the New Book shelf in the library (call number JZ1318 R577).

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