The hospitality sector has been significantly affected by technology when it comes to bookings. This is especially evident in the booking of short-term rentals, but has been prevalent across the board. One of the key areas has been improving guest experiences including speeding up check-in and check-out times.
- US tourism spending on traveler accommodations, an indicator for hotel and motel revenues, increased 3.9% in the third quarter of 2017 compared to the same period in 2016.
- US personal income, which drives consumer spending on hotels and motels, rose 3.8% in January 2018 compared to the same month in 2017.
- US retail sales for food services and drinking places, an indicator of casual restaurant sales, increased 2.3% in the first two months of 2018 compared to the same period in 2017.
Posted by Robert Decker.
Read the Entire Hospitality & Leisure 2nd Quarter Newsletter Here
The post M&A Quarterly News In The Hospitality and Leisure Industry Sector appeared first on CFA. The author is robertd.