Market Reports

The December 2010 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, Japan, Malaysia and South Korea.

Chicago market’s hotel industry is looking up – during the next three to four years, the demand growth is expected to outpace the supply growth. This article examines the historical hotel performances and provides the outlook of the Chicago market.

Travelers drove robust increases in accommodation bookings within the hostel and budget hotel categories across the United States, according to new data from Hostelworld.com.

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 4.7 percent to 49.9 percent, average daily rate was up 0.5 percent to US$96.87, and revenue per available room ended the week up 5.3 percent to US$48.31.

In year-over-year measurements, the Canadian hotel industry’s occupancy was up 5.0 percent to 58.5 percent. Average daily rate increased 0.5 percent to CAD$120.75. Revenue per available room increased 5.6 percent to CAD$70.69.

London is projected to finish 2010 with an 11.4-percent increase in revenue per available room, according to STR Global, the leading provider of market data to the world’s hotel industry.

Economic growth in the United States will continue in 2011, say the nation’s purchasing and supply management executives in their December 2010 Semiannual Economic Forecast.

The recovery of the U.S. lodging industry continues to improve, buoyed by a sustained expansion in the demand for hotel rooms across the country. Accordingly, Colliers PKF Hospitality Research (PKF-HR) has edged up its forecasts for U.S. hotel performance for 2010 and re-affirmed the outlook for 2011.

Economic research firm e-forecasting.com in conjunction with Smith Travel Research announced the United States Hotel Industry Leading Indicator, HIL, went up in October. HIL went up 0.4 percent in October, after a decrease of 1.1 percent in September.