The U.S. hotel industry is expected to end 2010 with stronger performance in all three key measurements than previously predicted, according to STRs monthly forecast update.
Monthly French Hotel Statistics
The April 2010 edition of the Asia Pacific economic outlook gives a near-term outlook for China, Japan, Australia, and India.
Recent analysis by Deloitte, the business advisory firm, has found that revenue per available room (revPAR), a key performance indicator for the hotel industry, jumped 157.5 percent to CAD$202 in Vancouver during the month of February when it hosted the 2010 Winter Olympic Games.
The HVI is a valuation benchmark developed by HVS. It presents historical, and for the first time in India, future value trends for 11 major markets in India. The HVI aims to answer the question of what a hotel is worth in these cities.
In year-over-year measurements, the industry’s occupancy ended the week with a 5.9-percent increase to 59.9 percent. Average daily rate dropped 1.6 percent to finish the week at US$98.29. Revenue per available room for the week was up 4.2 percent to US$58.89.
Hoteliers in London could see double-digit revenue per available room (revPAR) growth this year, according to the latest Hotel Market Outlook, a quarterly report issued by Deloitte.
The Canadian hotel industry reported increases in all three key performance measurements during the week of 21-27 March 2010.
The U.S. Hotel Industry Leading Indicator, or HIL, went up 0.6 percent in February, gaining ground after last months 0.1-percent decline, according to economic research firm e-forecasting.com in conjunction with STR.
The brief January profit freeze ended in February as trading for hoteliers in the UK thawed and turned positive, according to the latest HotStats survey from TRI Hospitality Consulting. UK Gross Operating Profit per Available Room (GOPPAR) grew by 6.8% in the month of February, back on the rising trend started at the end of last year, although growth still remains negative on a 12 month rolling basis.