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 U.S. hotel industry reported decreases in all three key performance measurements during the week of 28 March-3 April 2010, according to data from STR.
In year-over-year measurements, the industrys occupancy fell 11.1 percent to 49.6 percent. Average daily rate ended the week dropped 5.2 percent to CAD$115.80. Revenue per available room for the week decreased 15.7 percent to CAD$57.46.
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.