This market snapshot is part of a series of articles that HVS is producing every month on a series of key market with STR Global data. Our analysis for this market is based on data for a sample of 37 mainly branded properties.
Highlights of the recent changes in the 36 European markets analysed in the HVS annual European Hotel Valuation Index, in terms of trading performance and transactions, as well as an indication of the anticipated hotel values by the end of 2010.
Back-to-business in October and a month of normality for most markets in the Middle East & North Africa region, following summer and the holiday break.
In year-over-year comparisons, occupancy increased 8.6 percent to 57.1 percent, average daily rate was up 2.6 percent to US$98.48, and revenue per available room ended the week up 11.4 percent to US$56.22.
Year-on-year profitability levels grew by more than 17 per cent in October as room occupancy in the UK capital once again exceeded 90 per cent, according to the latest HotStats survey by TRI Hospitality Consulting.
UK Chain Hotels Market Review – October 2010
After a tumultuous 2009, the hotel category appears to be stabilizing, if not recovering. As hoteliers position themselves to capitalize on renewed interest in travel, implementing strategies and tactics that appeal to more resilient demographics are critical. In this report, Mintel takes a look at how the hotel industry has dealt with the recession and what its prospects are going forward.
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.
Mint.com Data Shows Decelerating Growth After Rebounding in 2009 Season
The regions occupancy ended the month with a 0.5-percent increase to 67.2 percent, average daily rate rose 0.8 percent to US$162.54, and revenue per available room went up 1.3 percent to US$109.20.