. Site name: Hotel Online
URL: www.hotel-online.com
Background information: Hotel Online is the hospitality industry’s online meeting place, providing the latest and most relevant news, trends, discussion forums, employment opportunities, classified advertising, and product pricing available anywhere.
Site name: Lodging Econometrics
URL: lodging-econometrics.com
Background information: Lodging Econometrics is a recognized authority on all hotel real estate, including the development pipeline and the sale and transfer of lodging real estate nationwide. It also compiles and maintains the Industry’s Census of Open and Operating Hotels, which includes the names of owners and management for more than 60,000 hotels in the United States and Canada.
Exercises:
a. Find and discuss at least two trends that are occurring in the hotel industry as defined by the consultants on this Web site: lodging-econometrics.com
b. Based on the news articles from Hotel Online, along with your current readings in the newspaper, textbooks, blogs, and so on, discuss a trend you believe is impacting the hotel industry and indicate why you think it is important.
-The trends for travel is coming back even though we have had a tough economic climate, there is a want to travel at money-saving getaways is boosting. The rate of refinancing of homes has made the travel industry spin in an upward motion. With people now being able to get a lower percentage on their home loans this is enabling them to have more equity as well as more savings letting them spend on leisure’s. In the technology trend we have seen that people posting pictures from around the world inspiring people to travel around the world and see the sights.
2. Site name: Starwood Hotels & Resorts Worldwide, Inc.
URL: www.starwood.com
Background information: Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with approximately 960 properties in more than 100...