DIRECT TABLEWARE PRODUCTS

  • Home
  • About
  • Featured Brands
    • AGNELLI
    • CHILEWICH
    • CRASTER
    • DURALEX
    • EMILE HENRY
    • LA ROCHERE
    • MATFER BOURGEAT
    • Mauviel
    • Paderno
    • PEUGEOT
    • STAUB
    • VerTerra
  • Professionals
  • Contact Us
  • Home
  • About
  • Featured Brands
    • AGNELLI
    • CHILEWICH
    • CRASTER
    • DURALEX
    • EMILE HENRY
    • LA ROCHERE
    • MATFER BOURGEAT
    • Mauviel
    • Paderno
    • PEUGEOT
    • STAUB
    • VerTerra
  • Professionals
  • Contact Us

US hotels reports strong 2011 performance | STR Reports

1/25/2012

0 Comments

 
_The U.S. hotel industry reported increases in all three key performance metrics in 2011, according to data from STR.

Overall, the U.S. hotel industry's occupancy rose 4.4 percent to 60.1 percent, its average daily rate was up 3.7 percent to US$101.64 and its revenue per available room increased 8.2 percent to US$61.06.

2011 was the first time since 2008 that the industry ended the year with occupancy of more than 60 percent and an ADR of more than US$100.

The industry reported a 0.6-percent increase in supply in 2011 and a 5.0-percent demand increase for the year. Demand has increased 5.0 percent or more only three times since 1987.

"2011 was a strong year for the U.S. hotel industry," said Randy Smith, co-founder and chairman at STR. "Room-supply growth continued to drift downward as room demand reached record levels during the year. Though occupancy and ADR were still below 2007 and 2008 levels, it was still encouraging to see the industry experience a solid rebound during a period of considerable economic difficulties."

"In 2012 the hotel industry will face tough year-over-year comparisons, though we are still optimistic," Smith continued. "With modest gains in occupancy and stronger increases in room rates, we expect RevPAR to increase about 4.3 percent in 2012."

Among the Top 25 Markets, Detroit, Michigan, ended the year with the largest occupancy increase, up 10.2 percent to 59.8 percent, followed by Tampa-St. Petersburg, Florida, with a 9.7-percent increase to 60.5 percent. New Orleans, Louisiana, ended the year virtually flat with a 0.4-percent decrease to 64.2 percent.

Two markets ended the year with double-digit ADR increases: San Francisco/San Mateo, California (+13.9 percent to US$155.14), and Oahu Island, Hawaii (+10.0 percent to US$165.05). Atlanta, Georgia (-0.4 percent to US$82.58), and Norfolk-Virginia Beach, Virginia (-0.3 percent to US$84.24) were the only top markets to report ADR decreases in 2011.

San Francisco/San Mateo achieved the largest RevPAR increase, rising 19.7 percent to US$122.54, followed by Nashville (+14.8 percent to US$58.01) and Miami-Hialeah (+14.1 percent to US$115.65). None of the top markets reported RevPAR decreases for the year.

0 Comments

Ernst & Young: Hospitality Sector Recovery Likely to Continue in 2012 Despite Ongoing Global Economic Uncertainty

1/25/2012

0 Comments

 
__Hospitality market fundamentals look set to continue the recovery which started in 2011 in spite of continuing uncertainty and the prospect of further upheaval in the global and regional economies according to Ernst & Young's latest Global Hospitality Insights report published today.

Despite the uncertain global economic environment, hospitality indicators continue to appear positive. "The conventional wisdom suggests that key fundamentals should be on the wane, but that has not happened yet and, due to many factors, we don't believe it will occur in 2012," said Michael Fishbin, Ernst & Young's leader of Global Hospitality Services. Nevertheless, Fishbin suggests hotel operators and investors in the sector need to stay focused and not have a false sense of security by the overall numbers.

"The situation for the hotel industry is markedly different from market to market and global operators need to be on their toes and ready to react to rapidly changing conditions," he added.

Fishbin contrasted hospitality markets in developed economies, such as the US, with some developing economies such as China and Brazil, where construction has been very active. In the US, currently the largest hotel market in the world, the construction of new hotels has historically averaged around two percent per year but in recent years, and for the foreseeable future, is projected to be less than one percent per year. "Even with the uncertain economic outlook, hotel supply is not going to outpace demand any time soon, giving fundamentals such as room rates and overall occupancy a chance to further recover," Fishbin said.

Among emerging economies, Brazil could fare the best over the next decade in part by the impact of two mega events -- the FIFA Soccer World Cup and the Summer Olympics -- scheduled to take place there in 2014 and 2016, respectively. These events will attract millions of travelers to the country and while hotel construction has been increasing in preparation for both events, officials are taking a pragmatic approach in order to avoid overbuilding.

Fishbin concludes that while the bias among hotel companies will be to continue to grow in 2012, that growth should not come without a fair amount of checking back in the rear view mirror. "This isn't a time for hotel operators to abandon the principles that allowed them to navigate through the recent economic downturn," he says. Many companies are still sitting on piles of cash waiting for an opportunity to transact, says Fishbin. "Companies should take advantage of this breathing room to reassess and examine their capital agendas to make sure they are using cash wisely and efficiently as well as preparing for future growth," he says.

0 Comments

    BLOG

    News from our manufacturer's & re-posts from publications around the hotel and restaurant industry.

    Archives

    January 2013
    June 2012
    March 2012
    January 2012
    September 2011
    July 2011
    May 2011
    April 2011
    March 2011
    February 2011
    January 2011
    December 2010
    November 2010
    October 2010
    September 2010
    August 2010
    June 2010
    May 2010
    April 2010
    March 2010
    February 2010
    January 2010
    December 2009
    November 2009
    October 2009
    September 2009

    Categories

    All
    2011
    Art & Dining
    Beer News
    Booze News
    Bp
    Breaking News
    Casino News
    Chain Restaurant News
    Chef News
    Chicago
    Chilewich
    Christofle
    Commercial Foodservire Products
    Commercial Grade Foodservice Product
    Contests
    Cookware
    DEMEYERE
    Distilling & Brewing
    Food
    Galic
    Garnier Thiebaut
    Garnier Thiebaut & Hilden America
    Glassware
    GO GREEN!
    Guy Degrenne
    Guy Degrenne Flatware
    Hard Times
    Hilden America
    Hotel Business
    Hotel Industry
    Hotel News
    Hotels
    International News
    James Beard Awards
    James Fagan Jr.
    Local News
    Luxury
    Luxury Product
    Mauviel
    Mauviel Cookware
    Meat
    Michael Aram
    Mid-West News
    Mixology News
    Money
    National Restaurant Assoc.
    New Jersey
    News & Articles
    News & Articles
    Nra 2010
    Nra 2011
    Outlook
    Pennsylvania
    Peugeot
    Philadelphia
    Philadelphia Eats
    Philadelphia Hotels
    Porcelain
    Q & A
    Recession
    Recipes
    Recovery
    Resort News
    Restaurant News
    Restaurants
    Restaurant Week
    Revol
    Revol Porcelain
    Revol Usa Porcelain
    Richard Ginori 1735 Porcelain
    Rules & Regulations
    Smallwares
    Sold Direct
    Staub
    Swissmar
    Table De France
    Table De France: Christofle & Guy Degrenne
    Tech Crunch
    Trends & Forecasts
    Trends & Forecasts
    West Coast
    Wine
    World Cup - Philadelphia
    Zwilling
    Zwilling J.A. Henckels
    ZWILLING J.A. HENCKELS (STAUB

    RSS Feed

Our site is currently undergoing improvements - Stay Tuned!
In the meantime, please feel free to look around and/or contact us to discuss your project requirements.


For more information, quotations, samples & technical information regarding our products and services, please contact us.
We appreciate the opportunity to compete for your business.

DirectTablewareProducts@gmail.com
ABOUT DIRECT TABLEWARE PRODUCTS

DIRECT TABLEWARE PRODUCTS is a full-service hospitality distributor specializing in high quality American & European manufacturer's offering tableware, cookware, buffet/ banquet display, furniture, equipment & customization. ​

​Subscribe to our newsletter

25 South Main Street, Suite 39
​Yardley, PA 19067
CATEGORIES
​
Amenities
Banquet Equipment
Bakeware
Barware
Buffet
Conference
Cookware
Cutlery
Decor
Dinnerware
Display
Flatware
Food Storage
​Furniture
Glassware
Hollowware
Kitchen Tools
Linens
Menus
Placemats
Furniture
Seating
Serviceware
Smallwares
​Spice Mills
Tables
Tabletop
Tableware
​More...
FEATURED BRANDS

Agnelli
​Ballarini
Bodum
Chilewich
Craster
Degrenne
Demeyere
Duralex
Emile Henry
​Henckels
​Lion's Wood
Matfer Bourgeat
Mauviel
Paderno
Peugeot
Staub
Thermomix
​Tuuci
​Urban Bar
VerTerra
Wilmax
Zwilling J.A. Henckels
More...
GET INSPIRED

Images

@DirectTablewareProducts
#DirectTablewareProducts
#DTP
#SaveRestaurants
#SaveHotels
Sales Representative Log in
Providing high quality products to the foodservice & hospitality industry at the best prices.
All rights reserved - Copyright ©  2021