Business briefs, Jan. 16-19
January 15, 2016
Winter bookings edge up in December
Aided by strong snowfall, lodging bookings picked up traction in December in 19 western mountain destinations tracked by DestiMetrics, which include Park City. According to a press release, December saw a 6.5-percent spike in bookings compared to last winter. "The strong booking trend we observed during December helped fill in some weak spots during the holiday period, but it didn’t really have a significant impact on bookings for the second half of the season," said Ralf Garrison, director of DestiMetrics, in the release. "While the numbers ended up ahead of last year, the results are modest compared to the double digit increases we’ve been reporting in recent years."
AAA announces award-winning hotels
AAA has announced the winners of its prestigious Five Diamond and Four Diamond Awards, given annually to the best hotels in the country. According to a press release, 15 Utah properties were honored with the recognition for providing "the upper echelon of hospitality with upscale physical attributes and extensive amenities and services to guests." In Park City, AAA Five Diamond Awards were given to Montage Deer Valley and St. Regis Deer Valley, while Goldener Hirsch Inn, Hotel Park City Autograph Collection, Hyatt Escala Lodge at Park City, Stein Eriksen Lodge, The Chateaux Deer Valley, Washington School House and Westgate Park City Resort & Spa earned AAA Four Diamond Awards.
Agencies affirm Utah’s AAA bond rating
Standard & Poor’s and Moody’s Investor Service, two of the three bond rating agencies, this week affirmed Utah’s status as AAA borrowers. According to a press release, Utah is one of only nine states in the country to be rated AAA by all three agencies. "We preserve our top-tier ratings by continually refining our game," said Utah Treasurer David Damschen in the release. "I commend Gov. (Gary) Herbert and the Legislature for implementing the budget stress test analysis last year. The practice was well-received by the rating agencies, and is yet another example of Utah leading nationally with a prudent process."