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).
Preliminary April monthly data from STR shows London hotel occupancy decreased 1.6% to 81.1%, ADR rose 1.4% to 143.01 ($186.21) and RevPAR dipped 0.1% to 115.99 ($151.03).
The absolute occupancy level was the highest for any April in STRs Abu Dhabi database. STR analysts note that performance levels were pushed by events such as Culture Summit Abu Dhabi (7-11 April) and the Retail Abu Dhabi Spring Sales (15 April through 1 May).
Maintaining growth in 2019 will be more difficult than 2018, however, the majority of destinations are currently reporting growth. The vacation rental market accounts for around 60% of available bed spaces across Europe.
The absolute occupancy and RevPAR levels would be the lowest for an April in Melbourne since 2013. STR analysts partially attribute the decrease in performance to Easter (21 April) and Anzac Day (25 April) occurring during the same week, which caused a decrease in travel.
CBRE Hotels forecasts that the new supply of hotel product will increase by 2.0% in 2019, marking the highest single year of supply growth in the Canadian hotel market since the financial crisis of 2008.
Preparing for a galaxy far away at the happiest place on earth, hotels owners are looking toward an optimistic future given the record attendance levels at both theme parks and a strong historical precedent for the positive impact of new attractions.
For the week of 28 April-4 May, the U.S. hotel industry saw occupancy increase 1.2% to 69.1%, ADR increase 2.3% to $133.43 and RevPAR increase 3.6% to $92.21.
During the week of 28 April-4 May, Canadian hotel occupancy increased 2.2% to 68.8%, ADR increased 2.7% to 162.93 Canadian dollars ($120.82) and RevPAR increased 5% to CA$112.16 ($83.17).