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Friday 19 March 2010 | 2009 has gone into the history books as one of the worst for the hotel industry. Revenue per average room (RevPAR) practically collapsed as travelers stayed away. Companies reined in travel expenditure and tourists stayed at home. Business is suffering against all measures and we have seen hotel stocks fall in value around the world.
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Thursday 18 March 2010 | The Hotel Industry Pulse Index (HIP) posted a slight recovery in February, according to economic research firm e-forecasting.com in conjunction with STR. After edging down 0.5 percent in January, HIP improved 1.3 percent in February.
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Thursday 18 March 2010 | As we enter 2010, words like, “economic downturn” and “recession” are still lingering in everyone’s minds. The service industry among others was significantly impacted by the events commencing in the fall of 2008 and unfortunately, hotel spas were not immune.
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Monday 8 March 2010 | In year-over-year measurements, the industry’s occupancy ended the week with a 2.5-percent increase to 55.3 percent. Average daily rate dropped 4.7 percent to finish the week at US$96.06. Revenue per available room for the week fell 2.3 percent to finish at US$53.15.
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Saturday 6 March 2010 | The latest eTRAK Full Year 2009 report on hotel bookings by channel yet again confirms that today, the online channel is the only growth channel in hospitality. In the difficult economic environment, when travel supply outweighed travel demand by far, Internet bookings for the top 30 hotel brands increased by a remarkable 6.6% in 2009 vs.
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Friday 5 March 2010 | Joie de Vivre is California's largest boutique hotel management company, operating nearly 40 boutique hotels, including a luxury lodging camp resort. The portfolio comprises a total of 4,500 guestrooms, including five spas and twenty distinctive restaurants.
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Friday 5 March 2010 | Marketing success in decade 2010 will depend not only on the brand and its promises but also on the customer experience and his/ her influence on others. The article outlines strategies for marketers to influence the purchase decision of customer.
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Thursday 4 March 2010 | The health of India’s hotel industry is returning as data from STR Global, the leading provider of market information to the global hotel industry, shows a concerted upward trend and recent positive year-on-year growth in revenue per available room (RevPAR).
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MARKET REPORTS
