Market Reports

In October, U.S. hotels saw occupancy increase 0.8% year over year to 69.9%, while ADR rose 2.7% to $133.81 and RevPAR increased 3.5% to $93.55.

Occupancies may have peaked, with flattening or slight declines on the near horizon. Room rate growth remains the key to above inflationary RevPAR increases through 2019.

During the week of 4-10 November, U.S. hotel occupancy rose 0.7% to 69%, ADR increased 1% to $129.95 and RevPAR rose 1.6% to $89.68.

Canadian hotel occupancy increased 2.4% to 66.2% during the week of 4-10 November. ADR rose 2.7% to 149.33 Canadian dollars ($112.85), which lifted RevPAR 5.2% to CA$98.92 ($74.76).

STR and Tourism Economics revised their 2018 and 2019 U.S. RevPAR growth projections to 3% and 2.4%, respectively, as demand in the third quarter was lower than expected.

The e-forecasting.com's earliest and final monthly US consumer confidence fell in November, following today's update of the largest in scope and size consumer survey, conducted by Prosper Insights & Analytics™.

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).