the source for hotel and hospitality trends
Four markets experienced ADR increases of more than 20 percent: Malmo, Sweden (+33.2 percent to EUR109.32); Gothenburg (+24.1 percent to EUR102.30); Munich, Germany (+23.0 percent to EUR115.25); and Geneva, Switzerland (+20.5 percent to EUR253.24).
In year-over-year measurements, the Asia/Pacific region’s occupancy ended the month virtually flat with a 0.2-percent increase to 62.0 percent, average daily rate increased 14.6 percent to US$144.85, and revenue per available room jumped 14.9 percent to US$89.74.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 1.2-percent increase to 58.3 percent. Average daily rate dropped 13.7 percent to CAD$122.22. Revenue per available room fell 12.8 percent to CAD$71.20.
In year-over-year measurements, the industry’s occupancy was up 5.8 percent to 47.7 percent. Average daily rate ended the month with a 2.8-percent increase to US$96.64. Revenue per available room for the month rose 8.7 percent to finish at US$46.10.
After an increase of 0.2 percent during December, the Hotel Industry Pulse Index went up 0.9 percent during January, according to economic research firm e-forecasting.com in conjunction with STR.
Galaviz & Company has issued a research briefing on the current situation in the Middle East with a focus on the tourism sector, oil prices and the overall economic dynamics in the region. The analysis provides insight into some of the direct and indirect implications of the political transitions rapidly occurring in the Middle East region.
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.
Hotel Confidence Monitor Q1 2011
In year-over-year comparisons, occupancy increased 1.7 percent to 54.7 percent, average daily rate was up 0.7 percent to US$97.88, and revenue per available room finished the week up 2.4 percent to US$53.51.
Mass tourism markets in North Africa and the Levant end 2010 with healthy hotel RevPAR growth, whilst the GCC sees a slowdown in the decline.