Overall, 79% of Managers thought that Average Room Rate would stay the same or increase (57% thought it would increase) and the same number thought that Occupancy levels would stay the same or increase, (39% increase, 40% stay the same). Altogether 84% of respondents think that Total Revenue in their hotels will increase or stay the same (60% increase, 24% the same).
The Canadian hotel industry reported positive results in the three key performance measurements during the week of 11-17 July 2010, according to data released by STR. 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.
South Africa will welcome the world when the FIFA World Cup kicks off 11 June 2010. Data from STR Global, the leading provider of market information to the global hotel industry, shows that prior to the start of the tournament and in-line with many other parts of the world, the country’s revenue per available room (RevPAR) has begun to trend upward during 2010.