U.S. Hotel Forecast Through 2017
Exciting news for the U.S. hotel industry — performance growth is projected through 2017, according to data released in June by STR and Tourism Economics. Hoteliers and employees can rest easy with impressive forecasts signaling strong business. In total, for 2016, the U.S. hotel industry is expected to realize a 0.4 percent rise in occupancy to 65.7 percent, a 4 percent increase in average daily rate to $124.86, and a 4.4 percent revenue boost per available room to $82.07. Additionally, demand growth will likely surpass supply growth during this time period. Of all the Chain Scale segments in the U.S., the Independent division is predicted to see the most significant year-over-year rises in occupancy, ADR and RevPAR. Additionally, the Upper Upscale and Luxury sectors are also expected to realize RevPAR growth greater than 4 percent. Looking Ahead to 2017 Since we’ve already passed the midpoint of 2016, it’s time to start thinking about 2017. STR and Tourism Economics have already begun making predictions for the U.S. hotel industry’s performance in the year ahead, including a 3.8 percent increase in ADR to $129.66, and a 3.8 percent boost in RevPAR to $85.22. Supply and demand are expected to remain at the current rate for 2017. Since 2010, demand growth in the U.S. has outperformed supply growth, and it appears this will not be changing next year. Miami’s Hotel Industry is Booming A destination of the international glitterati for decades, Miami continues to be one of the most popular cities in the world to visit. In October 2015, the Greater Miami Convention & Visitors Bureau (GMCVB) revealed record-breaking travel and tourism numbers for the region. Specifically, Miami and the surrounding beaches saw a 5.4 percent surge in overnight visitors from September 2014 to August 2015. In total, 15.1 million visitors spent at least one night in the area — a notable increase from the 14.2 million during the same time period the previous year — bringing $25.1 billion to the local economy. With consistently sunny skies and an average temperature of 77 degrees, it’s really no wonder so many visitors choose to visit Miami. From world-class restaurants to top hotels, Miami’s hospitality industry is thriving. If you’re a skilled professional seeking new opportunities or an employee searching for premier quality talent, RMG Staffing wants to connect with you. Contact us today to discuss how we can be of assistance to you!
Is Your Workforce Growing? Here’s How to Avoid Culture Shock.
Leading your company through a massive growth phase is simultaneously exciting and terrifying. It’s beyond thrilling to see all your hard work pay off — especially if you’ve helped build the organization from the ground up — but you must make sure this rapid expansion is handled properly. From an employee’s perspective, change often brings uncertainty, causing people to wonder about their future with the company. Your existing team is amazing, and causing them to feel apprehensive about their long-term employment is the last thing you want, so use these strategies to properly prepare them for growth in the not-too-distant future. Keep Everyone in the Loop Gossip and rumors start when employees are kept in the dark, so provide regular status updates on the current state of the company. Share your expansion plans with your team so they understand the direction the organization is headed. Make them feel included by celebrating milestones together, letting them know when you’re hiring and announcing the arrival of new employees well before their first day of work. Clearly Define Each Person’s Role You want your existing team to be warm and welcoming to new hires, so make it clear these people aren’t a threat to their jobs. Explain the reasoning for hiring each new employee and the value the newly added position will bring to the company. Prior to the person’s first day on the job, meet with your team to discuss the new hire’s responsibilities and clearly define each person’s role, to ensure no toes are inadvertently stepped on. Give Employees a Voice As workplace change is a very touchy subject for many employees, make yourself available to discuss any questions, comments, concerns and suggestions they have. Allowing people to be part of the process — rather than holding court in a front row seat — will make them much more engaged and willing to adapt. Focus on Preserving Company Culture Company culture defines your organization, so don’t let it get lost in the mix. It’s inevitable that growth will bring about changes, but don’t allow it to shake your team to the core. You’re probably crazy busy right now, but more so than ever, it’s important to hit pause and focus on keeping company traditions alive. Make a point to continue on with practices that give your company its unique personality, such as beer Fridays, weekly lunch-and-learns and a constant push towards innovation. As the most trusted staffing agency in Miami, you can be certain RMG Staffing will always exceed your expectations. Gain access to leading hospitality industry professionals ready to fill your temp-to-hire, direct hire and payroll staffing positions, as well as temporary staffing for banquet events. Contact us today to get started!