A Continued Rise in Occupancy & Rates is Forecasted for the Hotels and Accommodations Industry in the US.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c42824) has announced the addition of Hotels and Accommodations - US - August 2006 to their offering. This report covers hotels, defined as collective accommodation establishments providing lodging Lodging or holiday accommodation is a type of accommodation. People who travel and stay away from home for more than a day need lodging mainly for sleeping. Other purposes are safety, shelter from cold and rain, having a place to store luggage and being able to take a and usually meals, entertainment and various personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. for the public. The $131 billion hotels industry in the U.S. has rebounded after faltering in 2001 and 2002. Rises in occupancy have allowed hoteliers to raise rates in 2004 and 2005, resulting in approximately 8% growth in revenues per year since 2003. The rise in travel in the U.S. has helped to drive occupancy and, in turn, room rates. The number of overseas visitors to the U.S. grew in 2004 for the first time since 2000, resulting in an increased demand for rooms even as Americans continue to travel more as well. Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census data indicates that the number of households with income levels over $75K grew by more than 15% during 1999-2004. This rise in households that are most likely to travel is a positive driver for a market that is seeing increasing prices for rooms. A significant trend within the ranks of the major hotel chains is the move from property ownership to franchise and management. Many of the largest hotel chains have been selling properties, especially those in high-value real estate markets, but negotiating contracts to manage or franchise the properties that they have sold so as to ensure a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. stream of revenue. The outlook for hotel revenues is positive for 2006-11 as a continued rise in occupancy and rates is forecast as part of an overall growth pattern for the U.S. travel industry. In this report, we clearly identify the principal external factors driving or curtailing growth. Exclusive consumer research reveals the attitudes, needs and behavior of consumers, with analysis broken down both by demographic characteristics, and by segment. Six years of specific sales data provide a factual and impartial Favoring neither; disinterested; treating all alike; unbiased; equitable, fair, and just. presentation of the market as a whole. We also evaluate the performance of individual sectors in the market, and provides information about the major companies and brands. Using the SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance. forecasting package, we creates a five-year forecast of U.S. retail sales, revealing potential opportunities for growth and product development. This report contains US IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. InfoScan data. Companies Mentioned - Accor North America - Best Western International - Carlson Hotels Worldwide - Country Inn & Suites - Cendant/Wyndham Worldwide - Choice Hotels International, Inc. - Hilton Hotels Corporation - Hilton Garden Inn - InterContinental Hotels Group - Holiday Inn - InterContinental - Priority Club - Marriott International Inc. - Starwood Hotels & Resorts Worldwide, Inc. - Aloft - W Hotels and Westin - Expedia (IAC/InterActive Corp.) - Travelocity (Sabre) - Orbitz (Cendant) - Priceline For more information visit http://www.researchandmarkets.com/reports/c42824 |
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