RevPAR of the Athenian hotel sector increased in 2018 by 10% y-o-y, RevPAR in Thessaloniki by 6.1% y-o-y and the Total Revenue per Available Room of the resort hotels in Greece by 10.1%. However, in all three sectors the growth was driven by room rates, as occupancy improved marginally in 2018.
Profit per room at hotels in the Middle East & North Africa fell by 10.6 percent year-over-year in December and contributed to a 6.0-percent decline for full-year 2018, as revenues declined and costs spiraled, according to the latest data tracking full-service hotels from HotStats.
Hotels in Europe suffered a 2.7-percent year-on-year decline in profit per room in December, yet still, annual GOPPAR rose 9.2 percent, marking a second consecutive year of large gains, according to the latest data tracking full-service hotels from HotStats.
Good news: U.S. hotels continue to make money. Year-over-year GOPPAR growth of 1.5 percent in December contributed to a 3.4-percent annual increase in profit for hotels in the U.S., according to data from HotStats tracking full-service hotels. It was the third consecutive year of GOPPAR growth, following YOY increases of 3.7 percent in 2016 and 3.0 percent in 2017.
The U.S. hotel industry saw occupancy drop 0.6% to 58% during the week of 20-26 January while ADR dipped 0.3% to $124.05 and RevPAR decreased 0.9% to $71.93.
During the week of 20-26 January, Canadian hotel occupancy decreased 1% to 55.9%, ADR rose 0.9% to 145.46 Canadian dollars ($110.60) and RevPAR dipped 0.2% to CA$81.27 ($61.80).
A strong finish to 2018 secured a second consecutive year of GOPPAR growth for UKs hotels, as they sidestepped challenging economic and political conditions, according to the latest data tracking full-service hotels from HotStats.
US lodging outlook remains stable, driven by a continued increase in consumer spending; increasing, albeit decelerating business investment; and relatively strong consumer confidence.
AlixPartners, STR and HVS have published the Q4 2018 UK Hotel Market Tracker. The Hotel Market Tracker analyses performance, supply and transactions in London and the UK regions.
The U.S. hotel industry is projected to report a further slowdown in performance growth in 2019 and 2020, according to STR and Tourism Economics latest forecast just released at the Americas Lodging Investment Summit.