Posthaste: Why hotels need more payment flexibility [Financial Post (Toronto, Ontario, Canada)]
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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Source: Financial Post
With hotel prices on the rise, consumers are looking at alternative payment methods to make their trip work within their budget, but some are finding roadblocks along the way. The average daily rate for a hotel stay in Canada hit $235.85 in August, a 3.6 per cent climb from a year ago and outpacing the month's two per cent inflation rate, according to a report last week by CoStar Realty Information Inc. That puts the average long weekend hotel stay at more than $700. Many travellers are looking for flexibility in the booking process when it comes to paying for a hotel stay, Ayden NV's Global Hospitality Report, released last week said. The report said 32 per cent of Canadian consumers have given up on booking a hotel because they were unable to pay the way they wanted, while 41 per cent would pay more if there were more flexible payment options. The report said 19 per cent of consumers have paid for a hotel stay using a digital wallet, while nine per cent used social media
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CSGP
Earnings
- 7/23/24 - Beat
CSGP
Sec Filings
- 8/5/24 - Form 4
- 8/5/24 - Form 4
- 8/5/24 - Form 4
- CSGP's page on the SEC website