the source for hotel and hospitality trends
As our series of quarterly parity reports show, parity issues are at the root of huge potential losses for hoteliers. These have a number of causes, depending on whether OTAs have a contractual relationship with the hotels. What’s often not discussed is the role wholesalers play in exacerbating this problem when dealing with non-contracted OTAs.
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
The U.S. hotel industry reported occupancy dropped 0.9% to 70.2% during the week of 10-16 March. ADR rose 0.6% to $134.50, but RevPAR decreased 0.3% to $94.40.
The Canadian hotel industry reported occupancy fell 3.6% to 60.9% during the week of 11-17 March, while ADR was down 1.4% to 144.12 Canadian dollars ($107.91), and RevPAR declined 4.9% to CA$87.75 ($65.70).
According to preliminary February 2019 data from STR, Abu Dhabi hotels reported occupancy dipped 1.9% to 79.2%, but a 31.6% ADR boost to 565.07 Emirati dirhams ($153.87) drove RevPAR up 29.1% to 447.46 dirhams ($121.84).
London hoteliers reported occupancy rose 0.6% to 78%, ADR increased 1.1% to £133.52 ($175.92) and RevPAR rose 1.7% to £104.14 ($137.21) in February, according to preliminary monthly data from STR.
With the advent of technology, many activities previously performed by live humans have been replaced by automated methods. Is it really an improvement, or has the industry gone too far?
The U.S. hotel industry reported positive results in the three key performance metrics during February 2019, according to data from STR.
ARC Reports Average Ticket Prices Remain Steady Year-Over-Year
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