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BP Oil Spill Impact on Gulf Travel Likely to Last 3 Years and Cost 22.7 Billion – U.S. Travel Outlines ‘Roadmap to Recovery,’ Calls for $500 Million Marketing Campaign to Save Jobs
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 Hotel Industry Pulse Index went up 2.2 percent during June after edging up 0.4 percent during May, according to economic research firm e-forecasting.com in conjunction with STR.
The industry’s occupancy was up 4.4 percent to 56.4 percent, average daily rate fell 2.0 percent to US$97.18, and revenue per available room increased 2.3 percent to US$54.80.
In year-over-year measurements, the industry’s occupancy was up 6.9 percent to 65.0 percent. Average daily rate ended the month with a 1.0-percent increase to US$98.33. Revenue per available room for the month rose 8.0 percent to finish at US$63.87.
Hoteliers Surveyed Show High Rates of Room Occupancy, Optimism for Future Concerts
Fall Off In Revenues and Profits Exceeds Transient Hotels According to Latest Colliers PKF Consulting USA Report
The 2010 FIFA World Cup in South Africa ended 11 July with Spain crowned as the new champion, but which hotel market came out on top?
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.
Europe is experiencing a recovery in travel from its low points last year. However, this recovery is unlike like past rebounds. Early data for this year show mixed results, with nearly as many countries posting visitor declines as increases. Still, industry data for aviation, lodging, and expectations show we are on an upward, though modest, path to recovery.