the source for hotel and hospitality trends
U.S. airlines carried an estimated 77.4 million systemwide (domestic and international) scheduled service passengers in May 2019, seasonally-adjusted, according to the Bureau of Transportation Statistics’ (BTS) first estimate, up 0.2% from the April second estimate.
Update from Restaurantdata.com on growing and emerging restaurant concepts
Downtown Denver’s newly developing RiNo District/Neighborhood is positioning itself as the next great opportunity in the Denver area. With all the commercial and entertainment related development recently completed, or anticipated to be completed in the near-to-mid-term, the opportunity for successful hotel development to follow is considerable.
Hotels in Jeddah, Saudi Arabia, reported occupancy declined 2.4% to 70.6% in May, according to preliminary monthly data from STR. ADR similarly dropped 4.9% to 1,310.35 Saudi Arabian riyals ($349.43) and RevPAR decreased 7.1% to 925.07 riyals ($246.49).
Preliminary May data from STR shows Sydney hotel occupancy dipped 1.3% to 81.5% for the month, while ADR decreased 3.2% to 207.72 Australian dollars ($144.26) and RevPAR dropped 4.4% to AU$169.23 ($117.53).
U.S. hotel occupancy declined 1.3% to 72% during the week of 2-8 June, and despite a 0.5% ADR increase to $132.40, RevPAR fell 0.8% to $95.36.
Canadian hotel occupancy rose 0.4% to 74.7% during the week of 2-8 June, and a 1.1% ADR increase to 182.39 Canadian dollars ($136.94) drove RevPAR up 1.5% to CA$136.30 ($102.31).
The hotel industry’s push for direct bookings is not a trend, it’s a fait accompli. With OTA commissions as high as 30%, you have no choice but to battle to offset the imbalance and drive consumers to your website.
Analysts at Lodging Econometrics (LE) report that China’s total construction pipeline continues to expand with 2,845 projects/590,809 rooms, up 15% by projects and 8% by rooms year-over-year (YOY).
London hotel occupancy dipped 0.6% to 82%, according to preliminary May data from STR. ADR, however rose 1.6% to £147.76 ($188.23), which drove RevPAR up 1% to £121.17 ($154.36).