Gaming Industry News - Trends

As we enter 2010, words like, 'economic downturn' and 'recession' are still lingering in everyone’s minds. The service industry among others was significantly impacted by the events commencing in the fall of 2008 and unfortunately, hotel spas were not immune. Hotel spa operators reported that they began to feel the impacts of the economic... - More

The Hotel Industry Pulse Index (HIP) posted a slight recovery in February, according to economic research firm e-forecasting.com in conjunction with STR. After edging down 0.5 percent in January, HIP improved 1.3 percent in February. - More

World GDP fell by 2.1% in real terms, with developed economies - a major source of demand for Travel & Tourism - the most severely affected. Households curtailed leisure travel plans, substituting lower-cost short-haul and domestic travel for more expensive long-haul trips, and corporations reduced business travel budgets. - More

As the hospitality industry continues to recover, hoteliers look for insight on industry trends. To provide that insight, the Hospitality Sales & Marketing Association International (HSMAI) and VIZERGY®, leaders in hotel Internet marketing, have teamed up to conduct a dynamic study that will help properties increase their online revenue an... - More

In year-over-year measurements, the industry’s occupancy ended the week with a 4.0-percent increase to 54.9 percent. Average daily rate dropped 3.0 percent to finish the week at US$96.05. Revenue per available room for the week was up 0.9 percent to finish at US$52.75. - More

The total active U.S. hotel development pipeline includes 3,551 projects comprising 368,740 rooms, according to the February 2010 STR/TWR/Dodge Construction Pipeline Report released this week - More

In year-over-year measurements, the industry’s occupancy decreased 0.4 percent to 55.3 percent. Average daily rate fell 0.9 percent to finish the week at CAD$125.36. Revenue per available room for the week dropped 1.3 percent decrease to CAD$69.36. - More

When the economy slows, many businesses react by retrenching and cutting costs in order to weather the downturn.
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By the end of February 2010, there was little movement in the AGEM Index, as the net impact of gains and losses for various global gaming suppliers remained relatively unchanged from the previous month. The index fell modestly by 0.60 points, or 0.6 percent, to close at 102.28. - More

Among other victims of the recession, brands have taken a beating. Private labels have gained market share. Consumers are cutting back. Retailers are turning up the heat. According to panelists who gathered to discuss brand strategy at a recent Wharton Marketing Conference titled, "Connecting with the Evolving Consumer," marketers need to be esp... - More