The relative strength of the global hotel sector can be seen as an indicator of a potential turnaround in the economic outlook with the average price of a room around the world rising 4% in 2011, according to the latest Hotels.com® Hotel Price Index™ (HPI®). The continuing strength in corporate travel, in particular, helped to push up demand and room rates, although prices were still generally lower than in 2005.
The HPI looks at prices that people actually paid for their hotel room around the world. Last year, prices fell 2% in Asia year-on-year but rose in all other areas: 8% in the Pacific, 5% in North America, 4% in Latin America, 3% in the Caribbean and 2% in Europe and the Middle East. The overall increase reflected a continuing trend of steady recovery after a 13% tumble in 2009.
To view Multimedia News Release, go to http://www.multivu.com/mnr/53785-hotels
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Hotels.com®, the expert in online hotel booking and home to more than 20,000 hotel destinations worldwide, released its biannual Hotel Price Index™ (HPI®), reporting on the most popular travel destinations and the average price paid by travelers while visiting those destinations.
The HPI is a regular survey of hotel prices in major city destinations across the world, based on hotels.com bookings. Prices reported are those actually paid by customers (rather than advertised rates) during the calendar year of 2011. On a global scale, hotel prices increased by 4 percent on average in 2011 over 2010, while average prices in North America increased 5 percent year-over-year, continuing the process of steady recovery from the lows of 2008. Entering the third consecutive year of moderate price rises for guests, the global average price is still lower than it was in 2005, such was the depth of the financial crash-inspired trough.
To view Multimedia News Release, go to http://www.multivu.com/mnr/52873-hotels-com-price-index-five-percent-rise-in-2011-in-north-america
As energy demand continues to increase along with gasoline prices, students from Mater Dei High School in Evansville, Ind., demonstrated just how fuel-efficient vehicles can become with the help of innovative design and a lot of hard work. Their entry in the sixth annual Shell Eco-marathon Americas achieved an impressive best run of 2,188 miles per gallon in the Prototype class. Mater Dei also achieved the highest mileage, 611 mpg, in the UrbanConcept class with “George,” a vehicle modeled after George Jetson’s cartoon flying car.
To view Multimedia News Release, go to http://www.multivu.com/mnr/54462-shell-eco-marathon-2012-urbanconcept-prototype-fuel-efficient-supermileage
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Increasing numbers of investors are turning to VIX® volatility index options and futures to manage risk and capitalize on market volatility. VIX® options and futures are traded exclusively on the Chicago Board Options Exchange (CBOE) and CBOE Futures Exchange (CFE).
Since its creation in 1993, the CBOE Volatility Index® (the VIX® index) has been the most widely-followed barometer of market volatility. By using real-time options prices on the S&P 500® Index to get a true snapshot into how the marketplace views expected volatility, the VIX® index is an incredibly valuable tool for traders.
To view Multimedia News Release, go to http://www.multivu.com/players/English/52002-cboe-vix-options-and-futures
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The world’s most romantic city, Paris, has been named the most expensive city in the world for a Club Sandwich, according to research released today by Hotels.com. The classic chicken, bacon, egg, lettuce and mayo sandwich, available in hotels the world over, has been used as a measure of affordability by the hotel expert. The Club Sandwich Index (CSI) will give holiday-makers an indication of the costs associated with their holiday destination, using one of the most common items on any hotel menu around the world as a barometer.
The CSI average price has been calculated by taking the real prices paid by guests for a Club Sandwich in 30 hotels in the capital or major city of each country measured. In total Hotels.com surveyed the Club Sandwich prices in more than 750 hotels in the five, four and three star category across 26 countries.
To view Multimedia News Release, go to http://www.multivu.com/mnr/53816-hotels
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The expert editors from Kelley Blue Book’s www.kbb.com, the leading provider of new car and used car information, today name the 10 Coolest New Cars Under $18,000 (http://www.kbb.com/car-reviews-and-news/top-10/10-coolest-cars-under-18000-2012/). In this annual list published by Kelley Blue Book’s kbb.com, the editors ranked their top choices and named the 2013 Dodge Dart as this year’s No. 1 affordable new ‘Cool Car.’
The economy is at a near-standstill and gas prices are through the roof, but regardless of financial constraints or economic hardships, the simple fact remains that car shoppers want their new ride to be cool. That is why now, more than ever, kbb.com’s annual list of the 10 Coolest Cars under $18,000 is in tune with the times, providing a great selection of cars that are not only affordable, but also fun.
To view Multimedia News Release, go to http://www.multivu.com/mnr/56270-kelly-blue-book-kbb-com-10-coolest-new-cars-under-18000-2012
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