What Happens to Occupancy and Average Rate in a Slowing Economy?

Article Abstract:

SmithTravel Research and the HVS International data on the hospitality industry show a decrease in occupancy in the past 30 years although the cause of decline in 11 of 17 years, was supply growth exceeding demand growth. In the article, the average rate does not have to follow the economic slowdown because using yield management strategies can serve to maximise returns.

Economics, Research and Development in the Social Sciences and Humanities, Hotels & Motels, Statistical Data Included, Supply and demand, Influence, Economic forecasting

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What happens to occupancy and average rate in a slowing economy?

Article Abstract:

The hospitality industry must avoid decreasing rates to ensure occupancy during a difficult economic period. Utilizing yield management, which establishes certain rates for certain clientele at certain dates through computer models, enables hotels to get the most from their average rate.

Lodging & Tourist Services, Accommodation, HOTELS AND OTHER LODGING PLACES, Finance, Prices and rates, Travel industry

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Recent trends in hotel management contracts

Article Abstract:

There is widespread belief in the hotel management industry that the hotel management contracts signed during the 1970s and 1980s favored operators rather than owners and lenders. However, a review of the contracts being negotiated suggests that hotel owners are now the beneficiaries of these contracts. This underscores the need for contracts that will satisfy all parties involved.

Hotel Management, Contracts, Hotel and motel management, Hotel management companies

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