Market Reports

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 3.0-percent decrease to 55.5 percent. Average daily rate dropped 11.3 percent to CAD$121.94. Revenue per available room fell 13.8 percent to CAD$67.71.

TripAdvisor Reveals 2011 Accommodation Owners Survey

62% of Resorts Surveyed by Knowland Have Seen a Recent Increase in Golf Bookings

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 comparisons, occupancy increased 1.8 percent to 49.2 percent, average daily rate was up 2.2 percent to US$97.48, and revenue per available room finished the week up 4.1 percent to US$47.91.

India’s hotel industry posted performance improvements in year-end 2010 results compared to the year prior, according to data from STR Global, the leading provider of market data to the world’s hotel industry.

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week flat at 53.4 percent. Average daily rate dropped 3.7 percent to CAD$120.82. Revenue per available room decreased 3.7 percent to CAD$64.50.

The U.S. hotel industry is projected to end 2011 with increases in all three key performance measurements, according to STR’s forecast update.

Knowland survey finds that 80% of hotels did not host Super Bowl parties this year

During the first decade of the 21st Century, the UK and Germany clearly become Europe’s leading markets for chain hotel development.