Market Reports

For full-year 2019, the Caribbean hotel industry reported a 5.6% increase in average daily rate to $218.82, which overcame a 2.7% dip in occupancy to 63.7% to lift revenue per available room 2.8% to $139.45.

For full-year 2019, Mexico’s hotel industry reported negative performance, with a 2.6% decline in both occupancy and average daily rate resulting in a 5.1% decrease in revenue per available room compared to 2018.

Canada hotel occupancy declined 1.3% to 65.2% in 2019, and ADR increased 1.2% to result in nearly flat RevPAR (-0.2%).

Europe hotel occupancy rose 0.4% to 72.2% in 2019, and a 1.8% ADR increase to €113.36 ($125.60) drove RevPAR up 2.2% to €81.90 ($90.74).

Hotels in the Asia/Pacific region reported occupancy dipped 1.3% to 69.3% in 2019 while ADR dropped 2% to $98.73 and RevPAR fell 3.2% to $68.38.

Hotels in Central and South America saw hotel occupancy increase 1.2% to 58.8% in 2019 as ADR rose 8% to $96.25 and RevPAR increased 9.3% to $56.55.

Middle East hotel RevPAR declined 5.1% to $95.09 in 2019, but in Africa, hotel RevPAR rose 2.6% to $67.01 for the year.

During the week of 12-18 January, U.S. hotel occupancy rose 1.1% to $58.9%, ADR increased 5.2% to $130.99 and RevPAR rose 6.4% to $77.16.

Canadian hotel occupancy fell 3.7% to 52.4% during the week of 12-18 January as ADR dipped 0.1% to 146.51 Canadian dollars ($111.30) and RevPAR decreased 3.8% to CA$76.74 ($58.30).

In 2019, U.S. hotels posted flat occupancy growth (66.1%), ADR rose 1% to $131.21 and RevPAR increased 0.9% to $86.76 compared to 2018.