Nairobi market shows signs of recovery – Manama reaches highest August occupancy since 2008
Rio de Janeiro posts ADR and ADR growth for fourth consecutive month – Panama City experiences lowest August occupancy
Jakarta posts record-breaking performance with a boost from the Asian Games – Tokyo performance levels helped by inbound tourism
Berlin breaks August performance records – Paris experiences double-digit performance growth
Business activity for US hoteliers rose to a reading of 120.8 in July according to today's release of the Hotel Industry's Pulse (HIP) indicator.
TravelClick today released new data from the Companys August 2018 North American Hospitality Review (NAHR).
U.S. hotel occupancy decreased 3.3% to 69.8% during the week of 9-15 September, and a 0.3% ADR decrease to $131.03 pushed RevPAR down 3.7% to $91.47.
During the week of 9-15 September, Canadian hotel occupancy dipped 0.7% to 78.5%, but a 4.3% ADR increase to 177.99 Canadian dollars ($137.95) lifted RevPAR up 3.6% to CA$139.71 ($108.30).
Auckland has been one of the regions best performing hotel markets with RevPAR of the major hotels increasing by 60% over the past five years. Government and tourism agencies have been calling for more hotels to cope with the influx of international visitors. Developers and investors are responding despite increasing construction costs and local government taxes. But is their response proportional to the need?
In August, U.S. hotel occupancy rose 1.2% to 71.4% year over year, while ADR increased 2.3% to $130.71 and RevPAR increased 3.5% to $93.37.