The U.S. Hotel Industry Leading Indicator, or HIL, went up 0.6 percent in February, gaining ground after last months 0.1-percent decline, according to economic research firm e-forecasting.com in conjunction with STR.
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.
Growth in room occupancy was the catalyst for an increase in profitability for all but one of Europes key city hotel markets, according to the latest HotStats survey from TRI Hospitality Consulting.
This article looks at Lebanons hotel and tourism market, and investigates the investment, real estate and lending sectors of the hotel industry as investors, owners, developers, lenders and operators scramble for opportunities in Beirut and beyond.
Approximately 222,000 travelers arrived in Israel last month, a 46% increase compared to the same period last year and the greatest amount of travelers ever to visit Israel in the month of February.
In year-over-year measurements, the industrys occupancy ended the week with a 5.2-percent increase to 61.4 percent. Average daily rate dropped 1.9 percent to finish the week at US$98.30. Revenue per available room for the week was up 3.2 percent to US$60.39.
In year-over-year measurements, the industrys occupancy increased 1.7 percent to 58.2 percent. Average daily rate was up 0.3 percent to finish the week at CAD$118.77. Revenue per available room for the week jumped 2.1 percent to CAD$69.14.
The Americas region recorded mixed results in the three key performance metrics when reported in U.S. dollars for February 2010, according to data compiled by STR and STR Global.
Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for February 2010 when reported in U.S. dollars, according to data compiled by STR Global.
The Middle East/Africa region reported increases in all three key measurements for February 2010, when reported in U.S. dollars, according to data compiled by STR Global.