lodging demand
Airbnb v. Hotels: New Research Sheds Light on How They Can Compete and Benefit in the Sharing Economy
INFORMS and Marketing Science | May 1, 2019
Key Takeaways: Airbnb cannibalizes hotel sales, particularly in the lower-priced leisure travel segment, while at the same time creating market expansion. Airbnb can help stabilize or even increase demand during peak travel seasons, offsetting the potential for higher hotel prices which can sometimes be a deterrent. The flexible lodging capacity created by Airbnb may disrupt traditional pricing strategies in some markets, actually helping to minimize the need for seasonal pricing. As Airbnb targets business travelers, higher-end hotels are most likely to be affected. CATONSVILLE, MD, May 1, 2019 – Researchers from the Teppe...
Ready, Set, Go! Boston Lodging Market Eagerly Awaits Another Marathon Weekend
Sebastian J. Colella | April 11, 2019
By Sebastian J. Colella One of Boston's long-standing traditions, the Boston Marathon, will take place the third week of April this year drawing around 30,000 registered runners, both amateur and professional, and over 500,000 spectators made up of vendors, volunteers, staff, and media from all over the world. Hosted by the Boston Athletic Association (B.A.A.), it is the world's oldest annual marathon and takes place every Patriots Day, a State Holiday in Massachusetts. The Boston and Cambridge lodging market thrives during the weekend surrounding the Boston Marathon and this year, the 123rd annual, will be no different. Over time, the ...
Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC
PwC US | May 22, 2017
Consumer spending will be key driver of economic growth into 2018 New York, NY, May 22, 2017 – Encouraged by the prospect of a strengthening economy, US lodging performance continued to improve in the first quarter of 2017 according to the updated lodging forecast released today by PwC US. Despite a weak first quarter GDP growth estimate of 0.7 percent, lodging demand increased at the strongest quarterly rate since the first quarter of 2015, supporting modest growth in both occupancy and average daily rate (ADR). Overall, revenue per available room ("RevPAR") increased 3.4 percent. Reinforced by rising employment, higher real inco...
Penn State Study Finds Lodging Demand More Stable in University Towns
January 20, 2015
January 20, 2015 - UNIVERSITY PARK, Pa. - The new International Council on Hotel, Restaurant, and Institutional Education Penn State Research Report entitled, "University Lodging Demand: An Analysis of its Stability and Guidance for Estimating its Growth Potential at the Market Level," reveals the demand for college and university lodging is more stable than the typical lodging demand, and that markets dominated by a college are more stable in terms of not only occupancy rates, but also average room rates. "At many recent hotel investment conferences and in recent issues of hotel trade magazines, hotel developers have proposed that a ho...
