The health of Indias hotel industry is returning as data from STR Global, the leading provider of market information to the global hotel industry, shows a concerted upward trend and recent positive year-on-year growth in revenue per available room (RevPAR).
In Canada, the HPI(TM) shows that Halifax and Quebec City had the highest nightly room rates of major Canadian cities compared to 2008, at an average price per room of $154.
The average price of a hotel room was 14% lower in 2009 than in 2008, according to the Hotels.com Hotel Price Index(TM).
Monthly French Hotel Statistics
HVS London releases the latest edition of its annual review of European hotel value trends. The Hotel Valuation Index shows that on average hotel values across Europe fell 13%, the second year in succession the index has shown a drop in value.
In year-over-year measurements, the industry’s occupancy ended the week with a 2.4-percent increase to 55.4 percent. Average daily rate dropped 4.4 percent to finish the week at US$95.81. Revenue per available room for the week fell 2.2 percent to finish at US$53.04.
In year-over-year measurements, the industrys occupancy increased 1.8 percent to 57.4 percent. Average daily rate increased 13.7 percent to finish the week at CAD$139.06. Revenue per available room for the week rose 15.7 percent to CAD$79.81. &
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.
The Middle East/Africa region reported decreases in all three key measurements for January 2010, when reported in U.S. dollars, according to data compiled by STR Global.
The European hotel industry posted mixed results in year-over-year results when reported in U.S. dollars, euros and British pounds for January 2010, according to data compiled by STR Global.