5 things to know: 5 January 2018
 
5 things to know: 5 January 2018
05 JANUARY 2018 10:05 AM

From the desks of the Hotel News Now editorial staff:

  • 148,000 jobs added in US for December; rate still flat
  • Revenue managers finding ways to adapt in 2018
  • Interstate Hotels & Resorts goes vegan
  • US, Canada weekly numbers
  • Northeast ‘battered’ with snow and ice

148,000 jobs added in U.S. for December; rate still flat: The U.S. Department of Labor reported a total of 148,000 jobs were added in December in the United States, keeping the unemployment rate at 4.1%, the same since November, The New York Times reports. However, average hourly earnings did increase 9 cents to $26.63, a 2.5% year-over-year increase. 

December marked the 87th consecutive month of job growth, an “unparalleled stretch of good news for workers, who continue to be in high demand,” according to the Times. While it might be too early to tell the hiring effects of the corporate tax cut passed last month, President Donald Trump’s “agenda may be having a positive impact on the economy in other ways,” the newspaper reports.


Revenue managers finding ways to adapt in 2018: Unforeseen events, recurring shifts and emerging disruptors swept through 2017, keeping revenue-management teams on their toes. Now, revenue managers are looking to leverage lessons learned in 2017 to plan for the unpredictable in 2018, reports HNN’s Dana Miller.

“One major lesson for disruptors is to not overreact. I think you see it happening now with Airbnb compared to how the (online travel agencies) were handled,” said Johnathan Capps, VP of revenue, Charlestowne Hotels. “By not overreacting and really understanding what is causing the disruption, the industry can try to adapt and adopt.”


Interstate Hotels & Resorts goes vegan: As a result of more and more people consuming a plant-based diet over the last decade, Interstate Hotels & Resorts has rolled out a vegetarian and vegan program for its managed hotels, according to a company news release.

The meat-alternative promotion includes 27 new menu options that officially launched on 1 January, and will be served across both the restaurants and banquets at the company’s full-service hotels.

”We recognized a shift in the growing demand of consumers craving healthier options and it is our job to cater to the desires of our guests and meeting attendees,” said Bradley Moore, Interstate's VP of food and beverage operations. ”There is a clear need to offer plant-based menu items and we are thrilled about the quality, variety and benefits our hotels will be able to provide to travelers seeking healthy alternatives while on the road.”


U.S., Canada weekly numbers: During the week of 24-30 December, the U.S. hotel industry recorded negative year-over-year results across the three key performance indicators, according to data from STR, HNN’s parent company.

Occupancy dropped 5.4% to 51.6%, average daily rate dipped 1.4% to $131.56, and revenue per available room fell 6.7% to $67.90.

For the same week, the Canadian hotel industry also reported negative year-over-year results, according to STR data. Occupancy was down 6.6% to 44.7%, and ADR fell 0.6% to 163.35 Canadian dollars ($110.03), leading to a 7.2% drop in RevPAR to CA$73.09 ($58.98).


Northeast ‘battered’ with snow and ice: As the Northeast continues to get hit with heavy snowfall, gusting winds and coastal flooding, nearly 5,000 flights have been grounded and hundreds more flights were expected to be cancelled today, reports The Washington Post.

On Thursday, the storm was strengthened to a “bomb cyclone” and weather forecasters have said this is among the most powerful storms observed on the east coast, according to The Post.


Compiled by Dana Miller.

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