Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.
The ASEAN Hotel Review shows that the affect of the on-going political crisis in Thailand has not significantly affected the hotel performance of the Thai coastal resorts of Hua Hin and Phuket. Conversely, the hotel market of the resort island of Bali underperforms in RevPAR growth when compared to the Indonesian destinations of Jakarta and Bandung, the West Java provincial capital. Nevertheless, Bali still records the highest actual occupancy (71 percent) and ADR (US$121) compared to the other Indonesian destinations for the first six months this year.
In year-over-year measurements, the industrys occupancy increased 7.3 percent to 71.8 percent. Average daily rate rose 1.3 percent to US$99.60. Revenue per available room increased 8.6 percent to US$71.54.
In year-over-year measurements, the Canadian hotel industrys occupancy increased 3.4 percent to 72.7 percent. Average daily rate ended the week up 1.3 percent to CAD$128.87. Revenue per available room for the week rose 4.8 percent to CAD$93.73.
European Chain Hotels Market Review – June 2010
The July 2010 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, India, Malaysia, and Singapore.
For 2009, the U.S. lodging industry posted pre-tax profits of $16 billion down from $25.8 billion in 2008 and $127.2 billion in sales down from $140.6 billion in 2008, according to the American Hotel & Lodging Association (AH&LA) Lodging Industry Profile (LIP), an annual statistical analysis of the industry.
The crisis is behind us, but there are still many obstacles to opening new hotels. When you identify a good opportunity, dont let it slip out of your grasp.
UK Chain Hotels Market Review June 2010
Team Edward vs. Team Jacob Can Mean Big Bucks for Twilight-inspired Packages at Small Properties