A very warm welcome to the new edition of the Horwath HTL Chains & Hotels Report, the third annual instalment. The report looks at the relationship between hotel chains, and their myriad of brands, and the wider world of hospitality and lodging.
Progress on major infrastructure enhancements and increased connectivity are expected to boost Makkahs tourism capacity and create a wave of development opportunities, says JLL.
Its been tough sledding for hotels in the Middle East & North Africa. February marked the sixth consecutive month of year-over-year profit decline, in spite of a slight rise in RevPAR, according to the latest data tracking full-service hotels from HotStats.
e-forecasting.com earliest and final for the month of April 2019 U.S. consumer confidence rose in April, following today's update of its predictive analytics database, derived from the largest in scope and size national consumer survey, conducted by Prosper Insights & Analytics.
After a long hiatus Indiawide ADRs in 2018 grew at 6.25%, resulting in a RevPAR growth of 9.6%. We anticipate RevPARs in 2019 to grow by 9.5% on the back of growth primarily in ADR.
The U.S. hotel industry reported occupancy increased 4.2% to 69.5% during the week of 24-30 March while ADR rose 0.9% to $131.77 and RevPAR increased 5.1% to $91.53.
Canadian hotel occupancy rose 5.8% to 61.8% during the week of 24-30 March while ADR increased 1.1% to 145.48 Canadian dollars ($108.89) and RevPAR rose 7% to CA$89.87 ($67.27).
1,600 chain hotels screened for 172 thousand rooms. 240 brands. 460 destinations and the first 10 hotel groups ranked by total revenues. These are just few of the insights contained in the most accurate and comprehensive yearly report on Italian hospitality. 6 years of data on international and domestic brands, their business models, their presence along the Country, their performance and pipeline. 90 pages of accurate and updated information gathered with chains support and commented by Horwath HTL analysts.
The UK hotel industry is off to a rough 2019. At least on the profitability spectrum. A slight increase in RevPAR in February was not enough to push hotels into the black, as the UK suffered a second consecutive month of profit decline, according to the latest data tracking full-service hotels from HotStats.
Hanoi grew ADR by 10.1% and saw RevPAR increase 14% during the first two months of 2019, according to STR.