the source for hotel and hospitality trends
Profitability in London grew by 10.7% in May as overseas tourists flocked to the capital to go shopping, according to the latest HotStats survey from TRI Hospitality Consulting.
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.
The various islands of the Caribbean region offer warm sunshine, beautiful beaches, and other natural attractions along with unique cultural experiences.
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.
After two downcast years, the Shanghai World Expo has lived up to its promise of drawing huge crowds and breathing life back into the Shanghai hotel market.
The region’s occupancy ended the month virtually flat with a 0.8-percent increase to 62.2 percent, average daily rate increased 1.3 percent to US$144.35, and revenue per available room grew 2.1 percent to US$89.75.
The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for May 2010, according to data compiled by STR Global.com
In May 2010, the region’s occupancy rose 7.5 percent to 59.1 percent, average daily rate ended the month virtually flat with a 0.2-percent decrease to US$99.10, and revenue per available room increased 7.8 percent to US$58.54.
In year-over-year measurements, the Asia/Pacific region’s occupancy rose 15.3 percent to 63.1 percent, average daily rate increased 8.6 percent to US$125.52, and revenue per available room jumped 25.2 percent to US$79.24.
In year-over-year measurements, the Canadian hotel industry’s occupancy increased 8.9 percent to 72.5 percent. Average daily rate was up 2.5 percent to CAD$134.03. Revenue per available room for the week rose 11.5 percent to CAD$97.17.