London hotel occupancy increased 6.7% to 89.1% in October, preliminary monthly data from STR shows. ADR climbed 6.2% to 160.13 ($206.45) and RevPAR jumped 13.4% to 142.73 ($184.02).
Sydney hotels reported hotel occupancy dipped 1.8% to 84.9% in October, according to preliminary monthly STR data. ADR rose just 0.3% to 240.14 Australian dollars ($173.07) and RevPAR declined 1.5% to AU$203.93 ($146.98).
According to preliminary October data from STR, Dubai hotel occupancy fell 4.3% to 75.2%, ADR dropped 6.1% to 685.41 Emirati dirhams ($186.63) and RevPAR declined 10.2% to 515.64 dirhams ($140.41).
The U.S. hotel industry reported occupancy declined 0.7% to 62.9% during the week of 28 October through 3 November. ADR rose 0.7% to $124.81 but RevPAR was mostly flat (-0.1% to $78.54).
During the week of 28 October through 3 November, Canadian hotel occupancy dipped 0.3% to 59.5%, while a 0.8% ADR increase to 145.94 Canadian dollars ($111.37) grew RevPAR 0.4% to CA$86.85 ($66.28).
A bump in corporate travel at the end of the third quarter proved enough to boost GOPPAR and serve as a harbinger of continued strength in the hotel industry as it moves into the fourth quarter. Profit per room at hotels in the U.S. in September was more than $20 above the GOPPAR recorded in August, according to the latest data tracking full-service hotels from HotStats.
The data shows that the number and ratio of branded hotels is increasing in almost all of the markets we reported on, through a variety of different business models. The overall share of chain hotels versus independent is increasing, even in markets that can be considered very mature.
According to a national collection of performance statistics, Australia's accommodation sector – which includes hotels, motels, serviced apartments and holiday cabins – reported a 2.9% RevPAR increase during the 2017-2018 financial year.
Hotels in the Middle East & North Africa recorded a 34.8-percent year-on-year decrease in profit per room in September, as revenue levels slid and costs escalated, according to the latest data tracking full-service hotels from HotStats.
The Athenian hotel sector improved its RevPAR with 7.2% y-o-y during Q3 2018, but occupancy levels dropped 1.1% y-o-y