In year-over-year measurements, the Canadian hotel industrys occupancy was up 9.0 percent to 58.3 percent. Average daily rate increased 1.1 percent to CAD$121.11. Revenue per available room increased 10.3 percent to CAD$70.64.
Survey of more than 90 hotels reveals revenue management priorities moving into 2011
PwC US’s updated lodging forecast expects the focus to shift from demand growth to average daily rate (ADR) gains, as pricing power returns against the backdrop of an earlier-than-expected lodging recovery.
TRI Hospitality Consulting has issued new forecasts for the UK hotel industry showing profitability growing in London hotels in both 2010 and 2011. For provincial hotels, the falling profitability of the last two years is expected to moderate significantly in 2010 and be flat in 2011.
In year-over-year comparisons, occupancy increased 6.2 percent to 58.2 percent, average daily rate was up 1.9 percent to US$99.29, and revenue per available room ended the week up 8.2 percent to US$57.75.
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 U.S. Hotel Industry Leading Indicator decreased 1.1% during September after a slight drop of 0.5% during August, reports economic research firm e-forecasting.com in conjunction with STR.
Recent data for Italy and selected markets shows overall positive hotel performance in the nine months to September when compared with the previous year. Occupancy growth has returned, and the increasing demand has given selected markets the opportunity to build their average daily rate (ADR).
The World Travel & Tourism Council’s (WTTC) revised forecasts, global growth and world trade are set to beat expectations in 2010.The economic recovery has been reflected in a faster-than-expected rebound in international travel, particularly in Asian markets.
South America Hotel Market Overview offers a detailed analysis of the region focusing on four key markets Buenos Aires, Santiago, Lima, Bogotá, setting future trends & opportunities.