• Hotels: Occupancy Rate Decreased Year-over-year

    7 days ago - By Calculated Risk

    From HotelNewsNow.com: STR: US hotel results for week ending 3 November
    The U.S. hotel industry reported mostly flat year-over-year results in the three key performance metrics during the week of 28 October through 3 November 2018, according to data from STR.
    In comparison with the week of 29 October through 4 November 2017, the industry recorded the following:
    • Occupancy: -0.7% to 62.9%
    • Average daily rate : +0.7% to US$124.81
    • Revenue per available room : -0.1% to US$78.54
    ...
    Houston, Texas, registered the steepest declines in occupancy and RevPAR. Houston's hotel performance was...
    Read more ...

     

  • Discover Saw Strong Q3 Card Purchase Volumes On The Back Of Upbeat Market Conditions

    Discover Saw Strong Q3 Card Purchase Volumes On The Back Of Upbeat Market Conditions

    7 days ago - By Forbes

    The six largest U.S. card issuers reported total Q3 purchase volumes of $569 billion for their retail credit cards - representing just under 61% of the total credit card purchase volume of $934 billion for the U.S. in the quarter.
    Read more ...

     

  • Why Did AmEx's U.S. Card Purchase Volume Decline In Q3 Despite Strong Industry Conditions?

    7 days ago - By Forbes

    The U.S. credit card processing industry swelled to a record $934 billion in size over Q3 2018, as upbeat consumer sentiment continued to drive discretionary spending for a second consecutive quarter.
    Read more ...