
- Guest Service / Customer Experience Mgmt
- A Tale of Two Segments: Can Budget Hotels Match Upscale RevPAR Gains?
No business has been unaffected by the economic downturn of the last few years. Most often, the state of the economy IS the state of the hospitality industry. Though the current recovery of hotel industry, overall, has been stronger than that of most businesses. PriceWaterhouseCoopers (PwC) says as the US economy inched forward, the travel segment experienced a “robust recovery.” In 2011, PwC reports, the hotel industry experienced an 8.2 percent increase in Revenue Per Available Room (RevPAR), just 2 years after it reported a 17 percent dip. READ MORE