Market Reports

The crisis is behind us, but there are still many obstacles to opening new hotels. When you identify a good opportunity, don’t let it slip out of your grasp.

UK Chain Hotels Market Review – June 2010

Team Edward vs. Team Jacob Can Mean Big Bucks for Twilight-inspired Packages at Small Properties

By now everyone has heard just how much U.S. hotels suffered on the top line in 2009. The 16.7 percent decline in RevPAR reported by Smith Travel Research for 2009 was greater than any annual decrease in revenue published in PKF Hospitality Research’s (PKF-HR) annual Trends® in the Hotel Industry reports since 1932.

The region’s occupancy rose 7.0 percent to 64.9 percent, average daily rate ended up 1.8 percent to US$100.31, and revenue per available room increased 8.9 percent to US$65.11.

In year-over-year measurements, the Asia/Pacific region’s occupancy rose 14.5 percent to 63.9 percent, average daily rate increased 10.8 percent to US$121.83, and revenue per available room jumped 27.0 percent to US$77.83.

The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for June 2010, according to data compiled by STR Global.

The region’s occupancy rose 1.7 percent to 59.2 percent, average daily rate increased 14.3 percent to US$151.00, and revenue per available room grew 16.3 percent to US$89.37.

In year-over-year measurements, the industry’s occupancy increased 7.3 percent to 71.0 percent. Average daily rate rose 1.6 percent to US$99.07 Revenue per available room went up 9.0 percent to US$70.30.

In year-over-year measurements, the Canadian hotel industry’s occupancy increased 6.6 percent to 72.8 percent. Average daily rate ended the week up 3.1 percent to CAD$132.42. Revenue per available room for the week rose 9.9 percent to CAD$96.39.