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 European Chain Hotels Market Review | October 2008 | TRI Hospitality
The Berlin hotel market put in a punchy performance in October, according to the latest European HotStats survey of 10 European cities by TRI Hospitality Consulting. Daily profit per available room – as expressed by income before fixed charges (IBFC) – increased by 8 per cent to €95.08, making Berlin the third most profitable city in the survey. Berlin’s profitability was driven by rate growth, in large part thanks to the WBC World Heavyweight Championship at the O2 Arena. The unique boxing fixture attracted thousands of fans and VIPs, contributing to a 7.6 per cent rise in average room rate to €167.63. “
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UK Chain Hotels Market Review – October 2008
UK hotel profit drops by 9 per cent | The UK chain hotel market reported a 9 per cent fall in profit this October, according to the latest HotStats survey from TRI Hospitality Consulting. The amount of profit generated per available room – expressed as income before fixed charges (IBFC) – fell to a daily figure of £49.76 compared to £54.70 the same month a year earlier. Lower profit was primarily the result of higher costs and a shrinking pool of demand. The sample of 509 UK branded hotels reported a 3.2 percentage point drop in average occupancy to 77.4 per cent.
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 U.S. hotel performance for the week ending 22 November 2008
The U.S. hotel industry posted large year-over-year increases in all three key performance measurements during the week of 16-22 November 2008, according to data from STR. The year-over-year increases are in large part because of the date of Thanksgiving, which fell on 22 November 2007. This year, the holiday falls on 27 November. During the week ending 22 November 2008, year-over-year measurements included a 29.9-percent increase in revenue per available room. RevPAR ended the week at US$56.29 (US$43.35 in 2007). Average daily rate jumped 10.5 percent to finish the week at US$103.55 (S$93.68 in 2007). Nationwide occupancy climbed 17.5 percent to end the period at 54.4 percent (46.3 percent in 2007).
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 Global Lodging Performance Report | October 2008 | STR
The global hotel industry’s four regions reported mixed year-over-year results when reported in U.S. dollars, euros and British pounds for October 2008, according to data compiled from STR Global. Figures for occupancy, average daily rate and revenue per available room range from double-digit losses to double-digit gains, depending on the market and the currency used for comparison. “The worsening economic conditions started by the banking crisis that has affected economies across the globe have resulted in RevPAR declines in more and more regions”, said James Chappell, managing director of STR Global. “In U.S.-dollar terms, South America and the Middle East are the only two regions which reported RevPAR growth for October 2008 compared with October 2007. Even Asia Pacific has started to decline this month as business in particular has started to tighten the belt at uncertain market conditions”
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 U.S. Lodging Report for October 2008 | STR
The U.S. hotel industry posted declines in all three key performance measurements during October, including the first year-over-year decline in average daily rate in more than five years, according to data from STR. In year-over-year measurements, the industry’s ADR in October fell 0.5 percent from October 2007 to close the month at US$107.60—down from US$108.19 in October 2007. The decline broke a streak of 63 consecutive months of positive year-over-year monthly ADR numbers—the last monthly ADR decline was a 0.8-percent drop in June 2003.
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 Back to Basics | By Dorothy Dowling | Sr. Vice President of Marketing and Sales, Best Western International
It seems hardly a day goes by without some grim economic statistic making headlines, and sending tremors throughout the business community, including the hospitality sector. Their confidence clearly shaken by a number of events – from declining home values to skyrocketing food and gas prices – consumers are cutting back across the board and hospitality is feeling the effects. What we’re getting is a rather rude reminder that the economy is, after all, cyclical in nature. I’ve been a marketer long enough to have seen my fair share of ups and downs. When a rising economic tide is lifting all boats, we all look like heroes.
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 Hotels: managing in a downturn | PwC
No hotel business is likely to be immune to the effects of an economic recession and although this time it may be different in terms of the unprecedented circumstances that are driving the slowdown, businesses still need to ensure they address key fundamental priorities such as a hands on approach to cash management, taking stakeholders with them and managing the cost base. In a second article from this edition of Hospitality Directions Europe, November 2008 we present the results of our experience and research during past recessions, what’s different this time and what owners and operators can do to protect themselves in such a volatile and unpredictable market.
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 UK hotels forecast: the bigger the boom, the bigger the bust | PricewaterhouseCoopers
UK hotels forecast: the bigger the boom, the bigger the bust is our latest UK hotels forecast. After five years of unbroken revenue growth, September ushered in a period of volatile trading for the sector. The deteriorating economic environment and travel outlook seems likely to mark a change of fortune for UK hotels with buyers, not sellers, of hotel rooms very much in the driving seat again as consumer spending shifts. In a classic boom and bust sector, it's happening again. Our report gives the outlook for hotels in London, the provinces, Manchester, Edinburgh and Birmingham.
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U.S. hotel performance for the week ending 15 November 2008
The U.S. hotel industry posted declines in three key performance measurements during the week of 9-15 November 2008, according to data from STR. In year-over-year measurements, the industry’s revenue per available room fell 13.2 percent to end the week at US$59.78—down from US$68.86 during the comparable week in 2007. The U.S. hotel industry’s year-over-year occupancy rate fell 11.6 percent to finish the week at 56.3 percent (63.7 percent in 2007). Average daily rate dropped 1.7 percent to end the week at US$106.26 (US$108.15 in 2007).
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 World Travel Market | Global Trends Report 2008
According to the IMF, the current financial downturn affecting the globe is set to continue through 2009, with world economic growth to slow to 3.9% in 2008 and 3.0% in 2009. The economic and financial crisis has dramatically altered the shape of the global landscape for travel and tourism, as liquidity dries up, commodity prices rise, inflation increases and consumer demand falls. Uncertainty hangs over the industry, especially as the full scale of the downturn and government intervention in major banking markets is yet unknown. Recession is expected in the world’s advanced markets and even emerging economies are not immune to the slowdown. However, governments have shown their commitment to restoring economic confidence and the IMF predicts a recovery in 2010. So what should the industry brace itself for in the short term?
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