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19.9% of hoteliers in the Provinces and 19% of hoteliers in London believe that better revenue management will be the solution to increasing average room rate in 2012, according to the latest Hotel Confidence Monitor – UK Regions by HotStats. In London, 19% of general managers believe that an increase in sales and marketing activities will increase the average room rate in 2012 with 28.6% of resp...
Friday 25 May 2012
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The Middle East/Africa region reported mostly positive performance results in April 2012 when reported in U.S. dollars, according to data compiled by STR Global. In April 2012, the region"s occupancy jumped 10.0 percent to 63.9 percent, its average daily rate fell 3.6 percent to US$172.56 and its revenue per available room rose 6.1 percent to US$110.33.
Wednesday 23 May 2012
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The U.S. hotel industry in April reported increases in all three key performance metrics, according to data from STR. Overall, the U.S. hotel industry"s occupancy rose 1.4 percent to 61.8 percent, its average daily rate was up 5.0 percent to US$105.71 and its revenue per available room increased 6.4 percent to US$65.34.
Wednesday 23 May 2012
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The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for April 2012, according to data compiled by STR and STR Global. The Americas region reported a 1.4-percent increase in occupancy to 61.8 percent, a 4.3-percent gain in average daily rate to US$108.25 and a 5.8-percent jump in revenue per available room to US$66.95.
Wednesday 23 May 2012
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Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics for April 2012 when reported in U.S. dollars, according to data compiled by STR Global.
Wednesday 23 May 2012
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"The European hotel market continued on a positive footing, with increases in all three performance indicators in euro terms", said Elizabeth Randall, managing director of STR Global. "April"s demand was up by 2.1 percent across the region compared to last year. Out of the 31 cities tracked in our European Hotel Review, Frankfurt (Germany) and Brussels (Belgium) achieved the highest RevPAR growth...
Wednesday 23 May 2012
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The U.S. lodging industry recovery may have begun in 2010, but it wasn"t until 2011 that the improved prosperity was shared by nearly all hotels in the country. In 2011, 80.5 percent of the properties that participated in the 2012 Trends® in the Hotel Industry survey enjoyed an increase in total revenue, while nearly three-quarters (72.3%) of the participants achieved growth in profits.
Thursday 17 May 2012
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Data trends on cheapest hotel rates as well as median rate for three months of three, four and five star hotels across some of the major cities in Europe. This set covers May to July 2012, taken in the 1st week of May 2012 (all rates are in US dollars for two adults for a one-night stay).
Thursday 17 May 2012
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Hotel rate parity trends for May to July 2012 of three, four and five star hotels across some of the major cities in Europe. The report shows the percentage of hotels with cheaper rates on their own brand site compared to their rates on other OTAs.
Thursday 17 May 2012
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For the second consecutive year, the outlook for summer travel continues to brighten with more than three in five U.S. adults (64%), or an estimated 154 million Americans, planning on taking at least one trip for leisure purposes during the next six months. The percentage of Americans planning to travel between May and October is up from 61 percent last April and 56 percent in April 2010.
Tuesday 15 May 2012
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