In April 2010, the regions occupancy rose 4.9 percent to 58.5 percent, average daily rate ended the month virtually flat with a 0.2-percent decrease to US$99.96, and revenue per available room increased 4.7 percent to US$58.53.
In year-over-year measurements, the Asia/Pacific regions occupancy rose 11.7 percent to 65.3 percent, average daily rate increased 13.1 percent to US$130.06, and revenue per available room jumped 26.4 percent to US$84.96.
The European hotel industry posted generally favourable results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for April 2010, according to data compiled by STR Global.
The regions occupancy ended the month virtually flat with a 0.6-percent decrease to 65.9 percent, average daily rate increased 2.0 percent to US$162.04, and revenue per available room grew 1.4 percent to US$106.79.
PKF Hospitality Research (PKF-HR) today announced that, according to the May 2010 edition of Hotel Horizons®, U.S. hotels should enjoy a 1.7 percent growth in RevPAR in 2010, but bottom-line profits (NOI) will contract another 1.4 percent.
The Hotel Confidence Monitor by TRI Hospitality Consulting Q2 2010
In year-over-year measurements, the industrys occupancy increased 4.4 percent to 60.2 percent. Average daily rate fell 1.0 percent to US$97.50. Revenue per available room rose 3.3 percent to US$58.70.
In year-over-year measurements, the industrys occupancy was up 4.7 percent to 58.4 percent. Average daily rate dropped 1.2 percent to finish the month at US$97.72. Revenue per available room for the month increased 3.5 percent to finish at US$57.06.
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 industrys occupancy increased 4.9 percent to 63.9 percent. Average daily rate ended the week virtually flat with a 0.5-percent increase to CAD$127.26. Revenue per available room for the week was up 5.4 percent to CAD$81.28.