Tuesday, September 14, 2010

“Hotels.com Hotel Price Index Finds Hotel Prices Still Low But On The Rise” plus 2 more

“Hotels.com Hotel Price Index Finds Hotel Prices Still Low But On The Rise” plus 2 more


Hotels.com Hotel Price Index Finds Hotel Prices Still Low But On The Rise

Posted: 14 Sep 2010 07:10 AM PDT


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14 September 2010


Summer 2010 Hotel Price Index (HPI) Reveals Travel Trends for all States, Major U.S. Cities, International Destinations

Hotels.com Hotel Price Index Finds Hotel Prices Still Low But On The Rise

Dallas -- Today, Hotels.com®, the largest provider of lodging worldwide, released their biannual Hotel Price Index (HPITM ) illustrating an increase in average hotel room rates for the first time since the end of 2007. Despite the 2% increase, hotel room rates are still markedly lower than rates at the peak of the market. As the Hotels.com 2009 HPI predicted, 2010 continues to be another great year for great travel values.

Las Vegas topped the list of top five most popular domestic destinations for the second time this year, with New York, Orlando, Chicago and San Francisco following close behind. Popular cities for international travelers include New York, Las Vegas, San Francisco, Orlando and Los Angeles.

"We're seeing travel bookings pick up around the world," said Victor Owens, vice president of marketing, North America for Hotels.com. "It's stimulating to see not only the breadth of travel both domestic and international, but also the steady rise in hotel prices which is helping reinvigorate the industry. There are, of course, still deals to be had, especially in international destinations like Abu Dhabi, Dubai and Reykjavik which each saw a major drop in hotel prices during the first half of 2010."

Click http://www.hotel-price-index.com for a look at the entire report, featuring infographics and a detailed state-by-state and city-by-city breakdown.

Key Findings and Report Highlights:

  • Some of the greatest price rises for rooms among the world's top cities in the second quarter of 2010 versus the second quarter 2009 were tied to major events for films, including: film festival famous Cannes (60%); Eat Pray Love locale Bali (57%) and World Cup host Cape Town (53%).
  • More travelers are hitting the road in style during the first half of 2010, and they did it for less. A host of cities around the world saw average prices for top-end rooms drop over a tenth, making luxury in these cities a far more attractive proposition for travelers. Domestically, a 5-star hotel dropped 13 percent in Orlando ($259-$225) and San Francisco ($323-$280).
  • U.S. residents with the travel bug have been hitting up capitals around the world, including London, Paris and Rome.
  • Chicago's rates have stayed steady with an average room rate of $137, making it ideal for business travelers and one of the best locations for meeting planners to book their next event.
  • The Big Apple was the most expensive domestic city of those tracked in the global list; but, U.S. and overseas travelers continued to flock to NYC. Prices averaged $224 per room per night during Q2 2010 – an increase of 14 percent compared to 2009. A Gradual return of business travel and an increase in domestic travel fuelled this rise.
  • The biggest loser is Abu Dhabi, which fell by 46 percent between Q2 2009 and Q2 2010. This means a hotel room that would have cost a U.S. traveler $304 during the first six months of 2009 cost a traveler just $163 this year – a drop of $141. This was fuelled by various factors, including a growth in the number of rooms, as new hotels opened, and a drop in the number of corporate travelers visiting the Emirate, due to the economic situation. This influential city of commerce was affected by the fall of international business travel, as was its larger neighbor, Dubai, which saw a 10% decrease in hotel room prices.

For the world traveler looking for a deal, following is a list of the most expensive destinations that have recently seen a drop in hotel prices.

City Average price per room per night Q2 2010 Average price per room per night Q2 2009 % Change year-over-year
Abu Dhabi $163 $304 -46%
Reykjavik $121 $148 -18%
Dubai $167 $186 -10%
Moscow $201 $219 -8%
Budapest $118 $127 -7%
Copenhagen $172 $182 -6%
Cancun $171 $182 -6%
Athens $153 $163 -6%
Taipei $136 $145 -6%
Dublin $116 $124 -6%
Santiago $150 $158 -5%
Lisbon $131 $136 -4%
Venice $215 $221 -3%
Madrid $137 $139 -2%
Bangkok $92 $94 -2%

About the HPI
The Hotels.com(R) Hotel Price Index (HPI (TM) is a regular survey of hotel prices in major city destinations across the world. The HPI is based on bookings made on Hotels.com and prices shown are those actually paid by customers (rather than advertised rates) in the first half (and particularly Q2) of 2010.

Now in its seventh year, the HPI is respected as the definitive report on hotel prices paid around the world and increasingly used as a reference tool by media, analysts, tourism bodies and academics.

About Hotels.com
Hotels.com® is a leading provider of lodging worldwide, offering more than 85,000 properties in over 60 countries from national chain hotels and all-inclusive resorts to local favorites and bed & breakfasts. Hotels.com is the smarter way to book travel by offering welcomerewards®, an industry leading loyalty rewards program; the real opinions of other travelers captured in over 1.5 million Guest Reviews and; a Price Match Guarantee, so that those booking with Hotels.com can be assured they are getting the best deal, either online or by speaking directly to a travel expert at 1-800-2-HOTELS 24 hours a day. For more information, please visit hotels.com. Hotels.com is an operating company of Expedia, Inc. (NASDAQ: EXPE). Please visit the Hotels.com Travel Smart Blog for consumer and business travel information. Follow us on Twitter via www.twitter.com/hotelsdotcom, on Facebook at www.facebook.com/hotelsdotcom and take a VirtualVacation at www.virtualvacay.com. Detailed Hotel Price Index data is available at: http://www.hotel-price-index.com, Hotels.com, A Smarter Way to Book™.

*based on airport hotels averaged at $75.50 per night and downtown hotels averaged at $130.80 per night on random dates. Prices/rates are subject to availability. See site for details.

Hotels.com, Hotel Price Index and the Hotels.com logo are either registered trademarks or trademarks of Hotels.com, LP. Other logos or products and company names mentioned herein may be the property of their respective owners © 2010 Hotels.com, LP. All rights reserved. CST # 2083949-50

city breakdown, international travelers, hotel room rates, peak of the market, travel bookings, domestic destinations, attractive proposition, infographics, travel values, hotel price, hitting the road, cities around the world, international destinations, san fran, gre Taylor L. Cole, APR
Phone: (469) 335-8442
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Magnuson Hotels double UK booking volume

Posted: 14 Sep 2010 07:11 AM PDT


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14 September 2010

Magnuson Hotels double UK booking volume

Good news for 55 UK affiliates of Magnuson Hotels, the world largest independent hotel group. September 2010 UK hotel bookings are already more than 100% over August. Magnuson Hotels further reports overall UK average room rates in September have already risen by 19% over August, and 9.55% above the comparable national set. These figures are particularly notable as August is traditionally the highest revenue month of the year for most lodging properties.

UK independents hotels, the lifeblood of the British Tourism industry, have their challenges clearly outlined. The UK hotel industry is in its third consecutive year of national occupancy decline, and concern over upcoming budget cutbacks are already slowing government and corporate business travel. While the upcoming 2012 London Olympics offer hope for many independent businesses, nearly 70% of all UK hotels outside London are still not listed with global travel agencies and key online booking channels.

Driving the above market performance for the independent UK affiliates of Magnuson Hotels is a continued expansion of global booking distribution and low cost independent hotel services. The company's recent move to a 24-hour service platform allows hotel owners to move aggressively in all markets with around the clock personal marketing assistance on pricing, promotions and content management.

UK 0 800 014 8132
US 866.904.1309

About Magnuson Hotels, the fastest growing hotel chain in history | In only seven years, Magnuson Hotels has become the world's largest independent hotel group, representing nearly 2000 hotels and a combined affiliate base with assets in excess of $5.5 Billion. One of the top 10 global hotel chains, Magnuson Hotels was the #1 Hotel Company of Inc. Magazine's 2009 and 2010 annual ranking of the 5,000 fastest growing privately owned U.S. companies. With a four-year reservation sales growth of 595%, Magnuson Hotels is listed in the top 100 U.S. business services companies.

2012 london olympics, uk hotel bookings, corporate business travel, business services companies, magnuson hotels, british tourism, budget cutbacks, independent hotel, reservation sales, hotel chains, uk affiliates, third consecutive year, personal marketing, service p Magnuson Hotels
Phone: (509) 747-8713
Email: info@magnusonhotels.com Hospitality NetMagnuson Hotels
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605 E. Holland, Suite 206
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Tollfree: 1-877-747-8713
Phone: 509.747.8713
Fax: 509.744.0364
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HEI Hotels & Resorts Announces $14 Million Renovation to Reflag DoubleTree Guest Suites Boston/Waltham to Embassy ...

Posted: 14 Sep 2010 05:52 AM PDT

Press Release Source: HEI Hotels & Resorts On Tuesday September 14, 2010, 8:52 am EDT

BOSTON, Sept. 14 /PRNewswire/ -- HEI Hotels & Resorts, a rapidly growing hotel ownership and operating company, today announced that it will spend $14 million to renovate and reposition the 275-room DoubleTree Guest Suites Boston/Waltham to the Embassy Suites brand.  HEI owns and operates the hotel.

"As we investigated our options for a planned, upcoming renovation, we knew we wanted this hotel to continue to fly a prominent flag of one of Hilton Worldwide's premier brands," said Steve Mendell, HEI's president – acquisitions and development.  "While guests have been delighted with the services and amenities offered by the DoubleTree brand, we believe the Embassy flag better serves the needs and desires of Boston's unique business and leisure travelers while still retaining all the benefits associated with being a member of the Hilton family."

The renovation will entail design and construction features found in the Embassy Suites brand including a full, complimentary, cooked-to-order breakfast and evening manager's reception.  A complete remodel of every two-room suite will feature two 37" high-definition televisions, an entirely new granite bathroom, wet bar with granite counter tops and built-in refrigerator and microwaves.  In addition to the renovated guest suites, other upgrades include the redesign of the award-winning Grille at Hobbs Brook restaurant and Atrium Lounge, enhancements to the 8,000 sq. ft. of meeting space, a redesign of the guest floor's corridor carpet and wall vinyl, and an entirely new look to the entrance of the hotel, including the replacement of the revolving door, check-in desk and business center.  

Located in Waltham Massachusetts, the heart of suburban Boston's corporate center, the eight-story, full service, upscale hotel is easily accessible off I-95 and Route 128, 5 minutes from the Massachusetts Turnpike and just 20 minutes from downtown Boston and Logan International Airport.  The hotel is in the heart of the Massachusetts Route 128 Technology, Pharmaceutical and Life Sciences Belt and professional corridor, convenient to numerous corporate headquarters, as well as historic Lexington and Concord and close to several universities, including Brandeis and Bentley Universities and Wellesley and Regis Colleges.  Additional hotel amenities include a business center, gift shop, coin laundry, indoor pool and fitness center by Precor®.

About Embassy Suites Hotels

Founded in 1984, Embassy Suites Hotels defines the upscale, all-suites segment and today has 207 hotels, with an additional 38 in the pipeline. With spacious two-room suites, engaging team members and an inviting atrium environment, guests are welcome to put their feet up and feel right at home. Embassy Suites' complimentary, cooked-to-order breakfast helps guests gear up for their day, while the nightly Manager's Reception with free appetizers and beverages offers guests a great way to wind down.  To learn more, visit www.embassysuites.com. 

About Hilton Worldwide

Hilton Worldwide is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels.  For 91 years, Hilton Worldwide has been offering business and leisure travelers the finest in accommodations, service, amenities and value.  The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands.  Its brands are comprised of more than 3,600 hotels and 600,000 rooms in 81 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, Doubletree, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations.  The company also manages the world-class guest reward program Hilton HHonors®.  For more information about the company, visit www.hiltonworldwide.com.

About HEI Hotels & Resorts

HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment firm that acquires, develops, owns and operates full-service, upper upscale and luxury hotels and resorts throughout the United States under such well-known brand names as Marriott, Sheraton, Westin, Le Meridien, Embassy Suites, and Hilton.  For more information about HEI, visit the company's website, www.heihotels.com.

Media Contact:

Chris Daly, media

Daly Gray Public Relations

chris@dalygray.com

(703) 435-6293

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