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.
Economic growth is expected to continue in the United States throughout the remainder of 2010, say the nation’s purchasing and supply executives in their spring 2010 Semiannual Economic Forecast. Expectations for the remainder of 2010 have improved in both the manufacturing and non-manufacturing sectors.
In year-over-year measurements, the Asia/Pacific regions occupancy rose 13.7 percent to 67.6 percent, average daily rate increased 13.5 percent to US$130.56, and revenue per available room jumped 29.0 percent to US$88.22.
The European hotel industry posted generally favourable results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for March 2010, according to data compiled by STR Global.
The regions occupancy rose 2.9 percent to 67.6 percent, average daily rate increased 3.6 percent to US$161.75, and revenue per available room grew 6.6 percent to US$109.29.
In March 2010, the regions occupancy rose 5.7 percent to 58.2 percent, average daily rate ended the monthly virtually flat with a 0.8-percent decrease to US$100.57, and revenue per available room increased 4.8 percent to US$58.53.
In year-over-year measurements, the industrys occupancy increased 5.5 percent to 60.4 percent. Average daily rate rose 1.4 percent to US$98.67. Revenue per available room for the week was up 7.0 percent to US$59.62.
In year-over-year measurements, the industrys occupancy was up 11.6 percent to 60.6 percent. Average daily rate rose 6.5 percent to CAD$126.07. Revenue per available room for the week increased 18.9 percent to CAD$76.38.
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 industrys occupancy was up 2.3 percent to 51.9 percent, average daily rate fell 4.3 percent to US$96.27, and revenue per available room decreased 2.1 percent to US$50.01.