Tuesday, October 19, 2010

Expedia Partner Services Group Releases NYC Market Data on 2011 Demand and Air Trends

  NEW YORK, NY, Oct. 19, 2010 – Data just released by Expedia, Inc., the world’s largest online travel company, provides a new forward look at 2011 demand trends to help New York hotels plan for next year.

The New York market data, which is based on bookings and shopping data from the company’s more than 90 Expedia.com and Hotels.com sites in over 60 countries worldwide, was unveiled at a hotel revenue management summit on Wednesday. 

 More than 175 members of the New York hotel community gathered for the revenue management summit at the Roosevelt Hotel in Midtown Manhattan last Wednesday, where a number of Expedia executives presented on trends in air travel, ADR improvements and forward looking shopping data, such as:

 Expedia expects a 2% increase in international air capacity and a 3% increase in domestic capacity into the New York market in 2011. The largest international increases originate from the UK, Germany, France, Japan and Israel.

So far this year, average airfares into New York have increased 12%, compared to 17% increase into San Francisco and 14% increase into Chicago.

For a complete copy of the report, please contact:
Julie Tullbane, Daly Gray, Inc., T 703-435-6293, F 703-435-6297, julie@dalygray.com

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