the source for hotel and hospitality trends
During the week of 4-10 August, the Canadian hotel industry reported occupancy fell 2.5% to 77.7%, ADR dipped 1.2% to 183.94 Canadian dollars ($138.04) and RevPAR decreased 3.6% to CA$142.97 ($107.29).
Preliminary July data for hotels in London indicate the highest ADR and RevPAR levels for any July in the STR database for London.
Prelimiary July data for hotels in Jeddah, Saudi Arabia, show a 7.3% increase in supply and a 9.5% increase in demand.
Preliminary July 2019 data for hotels in Sydney show a 2% rise in supply growth and a 0.3% decline in demand growth.
From July 2018 through June 2019, hotels in Addis Ababa, Ethiopia, registered an absolute ADR of $163.79.
During the week of 28 July through 3 August, U.S. hotel occupancy dropped 0.8% to 74.8%, and a 0.3% decline in ADR to $133.03 drove RevPAR down 1.1% to $99.45.
Canadian hotel occupancy decreased 2.6% to 78% during the week of 28 July through 3 August, and a 3.3% drop in ADR to 181.25 Canadian dollars ($136.39) dragged RevPAR down 5.8% to CA$137.43 ($103.42).
Investor sentiment remains optimistic but realistic, with hotel investment expected to be a second-half story as H1 2019 volume marks a 28.0 percent decrease
Foreign residents arriving at the International Airport of Athens increased 11.0% during Q2 2019 compared to the same quarter last year. Performance of April was particularly strong with an increase of 20.5% y-o-y, while May and June recorded single digit growth rates of 9.7% and 6.1% y-o-y respectively. It should be noted that these international arrivals include passengers that are transferring in Athens to other domestic destinations.
June was a banner month for UK hotels. Profit performance hit a peak for the year as the typically strong month was boosted by the Cricket World Cup, according to the latest data tracking hotels from HotStats.