5 things to know: 27 October 2017
 
5 things to know: 27 October 2017
27 OCTOBER 2017 9:19 AM

From the desks of the Hotel News Now editorial staff:

  • UK government investigating online hotel bookings
  • Hilton talks new brands on Q3 earnings call
  • US Travel Association’s monthly outlook
  • Waldorf Astoria to operate Admiralty Arch
  • Mexico Q3 performance numbers from STR

UK government investigating online hotel bookings: The United Kingdom’s Competition and Markets Authority recently opened an investigation into hotel booking sites due to concerns that their practices might breach consumer law, according to a news release.

The CMA has contacted hotel bookings sites to learn more about their practices, and “is concerned about the clarity, accuracy and presentation of information on sites, which could mislead people and stop them finding the best deal,” the release states.

The investigation will study hotel-booking site practices such as search results, pressure selling, discount claims and hidden charges.


Hilton talks new brands on Q3 earnings call: During a third-quarter earnings call with analysts, Hilton President and CEO Chris Nassetta said the company is working on new brands and a new systemwide pricing structure, Hotel News Now’s Stephanie Ricca reports. 

Systemwide revenue per available room increased 1.3% compared to the same quarter last year, and Hilton reached a record number of rooms in its development pipeline of 335,000.

“This is our third quarter as the new, simplified Hilton, and our strong performance continues,” Nassetta said.

He added that the company is working on four new brand ideas, which are under heavy development.

  • Click here to read more third-quarter earnings recaps from other companies.


U.S. Travel Association’s monthly outlook: The U.S. Travel Association’s monthly report shows that recent hurricanes had “a disproportional impact on the travel industry,” and employment, income growth, inflation and consumer confidence numbers were temporarily affected, according to the U.S. Travel Association’s newsletter. 

The U.S. Labor Department reported that employment saw its first monthly decline in seven years, with 33,000 jobs lost last month.

Consumer confidence decreased a bit in September, but the latest Travel Trends Index shows domestic and international travel to the U.S. grew in August.


Waldorf Astoria to operate Admiralty Arch: Prime Investors Capital has appointed Waldorf Astoria Hotels & Resorts to operate a hotel in London’s Admiralty Arch, according to a news release.

The Admiralty Arch Waldorf Astoria, London is slated to open in 2022, after “an extensive on-going refurbishment program, which will restore and protect the iconic landmark’s architectural and historical features,” the release states.


Mexico Q3 performance numbers from STR: The hotel industry in Mexico reported mixed results in the three key performance metrics for the third quarter of 2017, according to data from STR, Hotel News Now’s parent company.

Compared with the same time period in 2016, occupancy decreased 1.6% to 63.1%, average daily rate increased 4.1% to 1,994.03 Mexican pesos ($103.80) and RevPAR increased 2.5% to 1,258.06 Mexican pesos ($65.49).


Compiled by Danielle Hess.

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