Market Reports

STR and Tourism Economics have downgraded their RevPAR outlook to 1.6% for 2019 and 1.1% for 2020.

The U.S. hotel industry reported occupancy decreased 1.4% to 74.1% during the week of 4-10 August, and despite a 0.4% ADR increase to $133.36, RevPAR fell 1% to $98.88.

During the week of 4-10 August, the Canadian hotel industry reported occupancy fell 2.5% to 77.7%, ADR dipped 1.2% to 183.94 Canadian dollars ($138.04) and RevPAR decreased 3.6% to CA$142.97 ($107.29).

Preliminary July data for hotels in London indicate the highest ADR and RevPAR levels for any July in the STR database for London.

Prelimiary July data for hotels in Jeddah, Saudi Arabia, show a 7.3% increase in supply and a 9.5% increase in demand.

Preliminary July 2019 data for hotels in Sydney show a 2% rise in supply growth and a 0.3% decline in demand growth.

From July 2018 through June 2019, hotels in Addis Ababa, Ethiopia, registered an absolute ADR of $163.79.

During the week of 28 July through 3 August, U.S. hotel occupancy dropped 0.8% to 74.8%, and a 0.3% decline in ADR to $133.03 drove RevPAR down 1.1% to $99.45.

Canadian hotel occupancy decreased 2.6% to 78% during the week of 28 July through 3 August, and a 3.3% drop in ADR to 181.25 Canadian dollars ($136.39) dragged RevPAR down 5.8% to CA$137.43 ($103.42).

Investor sentiment remains optimistic but realistic, with hotel investment expected to be a second-half story as H1 2019 volume marks a 28.0 percent decrease