Economic research firm e-forecasting.com in conjunction with Smith Travel Research announced HIP declined in January after improving 2.8 percent in December.
Calgary Tops Rate Report for Third Consecutive Month
Luxury hotel spas showed mixed operating results for the full year 2009. The summary Spa STAR data shows that the Average Treatment Rate (ATR) was reported at US$135.39, a 4.5 percent decline compared with full-year 2008. For full-year 2009, Average Treatment Room Utilization (ATRU) increased 3.5 percent to 31.1 percent.
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes occupancy and average room rates from major cities in Canada.
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 industry’s occupancy ended the week virtually flat with a 0.8-percent decrease to 48.4 percent. Average daily rate dropped 4.8 percent to finish the week at US$95.34. Revenue per available room for the week fell 5.6 percent to finish at US$46.14.
The Canadian hotel industry posted mixed results in the three key performance measurements during the week of 31 January-6 February 2010, according to data from STR.
Dramatic declines in China’s hotel performance during 2009—underscored by revenue per available room (RevPAR) falling 26.2 percent compared with a year ago—contrast strongly with the continuing good performance of the Chinese economy.
Tourist arrivals in Singapore fell 4.3 per cent in 2009 to 9.7 million, the city-state’s tourism board said Tuesday. Hotels were hit hard as visitors stayed away due to the economic recession and the H1N1 flu outbreak.
Deloitte’s ‘Hospitality Vision: U.S. Performance Review’