U.S. hotel occupancy dipped 0.3% to 62.7%, ADR rose 0.6% to $126.04 and RevPAR grew 0.3% to $79.05 during the week of 27 October through 2 November.
Canadian hotel occupancy fell 1.2% to 58.4%, ADR increased 1.5% to 147.89 Canadian dollars ($112.26) and RevPAR rose 0.3% to CA$86.42 ($65.60) during the week of 27 October through 2 November.
The resort hotels showed a strong performance during Q3 2019. Total Sales per Available Room increased by 8.1% during Q3 leading to a YTD Q3 performance of 6.8% y-o-y. The 5-star resorts showed the highest improvement of RevPAR with 8.7% y-o-y, followed by the 3-star resorts of 6.3% y-o-y, while the 4-star resorts remained flat with 0.5% y-o-y YTD Q3.
U.S. hotel occupancy dipped 0.2% to 70.5% during the week of 20-26 October. ADR rose just 0.2% to $135, and RevPAR was flat at $95.15.
Canadian hotel occupancy fell 0.2% to 70.3%, ADR increased 1.3% to 157.72 Canadian dollars ($119.86) and RevPAR rose 1.1% to CA$110.92 ($84.28) during the week of 20-26 October.
Madrid is more than ever capturing the interest of international hotel investors. The hotel supply pipeline including many international Upper Upscale and Luxury hotel brands will significantly change the citys landscape and tourism appeal. For some hotel groups, these projects will be their first hotel in Spains capital city, a presence that is clearly of great importance in one of the largest cities in Europe. The capitals hotel market is in good shape and it looks like there will be room for further improvement.
Indianapoliss hospitality industry is experiencing a new supply boom, a result of continued demand growth across all sectors and an upcoming convention center expansion.
The third quarter ended on a high note for U.S. hotels, as September profit per room climbed year-over-year, indication that the current cycle still has teeth. GOPPAR in the month was up 1.9% over the same time last year, part of a third quarter that saw profit grow 0.2%, dragged down by a challenging July when GOPPAR decreased 2.0% YOY, according to data from HotStats.
The third quarter ended on a positive note for UK hotels as profit per available room increased on a year-over-year basis for the second consecutive month, according to data from HotStats. The 1.6% YOY GOPPAR boost hints towards what hoteliers hope will be the turnaround of an otherwise unremarkable year.
AlixPartners, STR and HVS have published the Q3 2019 UK Hotel Market Tracker. The Hotel Market Tracker analyses performance, supply and transactions in London and the UK regions.