the source for hotel and hospitality trends
U.S. airlines carried an estimated 75.3 million systemwide (domestic and international) scheduled service passengers in April 2019, seasonally-adjusted, according to the Bureau of Transportation Statistics’ (BTS) first estimate, up 0.3% from the March second estimate.
With 168 hotels comprising 23,324 rooms in construction through April, Central and South America's number of rooms in construction is down 5.3% year over year.
The number of hotels in construction in the Caribbean and Mexico region is up 30.7% year over year through April with a total of 131 hotels comprising 29,187 rooms.
The Asia/Pacific region reported 1,892 hotels with a total of 423,343 rooms in construction through April.
Although it may seem that a hotel’s value is fixed and determined solely by external forces, in actuality there are hundreds of opportunities to make adjustments that result in value enhancements.
Europe reported a 48.6% year-over-year increase in the number of hotel rooms in construction through April, according to pipeline data from STR.
For the week of 5-11 May, U.S. hotel occupancy dipped 0.3% to 68.3%, but a 1.2% ADR increase to $131.72 drove RevPAR up 0.9% to $89.94.
Canadian hotel occupancy dipped 0.8% to 67.1% during the week of 5-11 May, and despite a 0.3% ADR lift to 162.74 Canadian dollars ($121.19), RevPAR fell 0.5% to CA$109.15 ($81.28).
The 21 U.S. scheduled passenger airlines employed 2.5% more workers in March 2019 than in March 2018
Canada's pipeline of rooms in construction fell 8.7% year over year, with 8,011 rooms in 63 hotel projects through April.