In year-over-year measurements, the Asia/Pacific regions occupancy rose 7.0 percent to 71.4 percent, average daily rate increased 16.4 percent to US$146.26, and revenue per available room jumped 24.5 percent to US$104.49.
The regions occupancy rose 6.7 percent to 61.3 percent, average daily rate went up 1.5 percent to US$102.38, and revenue per available room increased 8.2 percent to US$62.80.
STR projects 2010 occupancy will increase 5.3 percent to 57.4 percent, average daily rate is expected to end the year virtually flat with a 0.1-percent decrease to US$97.92, and revenue per available room is projected to rise 5.2 percent to US$56.23.
The Hotel Industry Pulse Index continued to fall in October, according to e-forecasting.com in conjunction with STR. After a decline of 0.4% in September, HIP went down 0.3% in October.
In year-over-year measurements, the industrys occupancy was up 6.9 percent to 61.3 percent. Average daily rate ended the month with a 1.2-percent increase
Highlights of the recent changes in the 36 European markets analysed in the HVS annual European Hotel Valuation Index, in terms of trading performance and transactions, as well as an indication of the anticipated hotel values by the end of 2010
Plunketts Airline, Hotel & Travel Industry Almanac is your complete guide to this fascinating industry. The exciting new reference book will give you access to the complete scope of the travel
In year-over-year comparisons, occupancy increased 11.1 percent to 58.4 percent, average daily rate was up 2.7 percent to US$98.77, and revenue per available room ended the week up 14.1 percent to US$57.65.
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.
In year-over-year measurements, the Canadian hotel industrys occupancy was up 9.0 percent to 58.3 percent. Average daily rate increased 1.1 percent to CAD$121.11. Revenue per available room increased 10.3 percent to CAD$70.64.