Openings in November pushed Australia's hotel inventory above 300,000 open rooms, according to data from STR. Australia ranks 12th in the world in total room count and fourth among countries in the Asia Pacific region.
Wyndham Destinations Asia Pacific Acquires Peppers Airlie Beach in Whitsunday Coast, Australia, Royal Caribbean Seals Fly-cruise Partnership with Singapore Tourism Board and Changi Airport, South Kalimantan Announces New Infrastructure Developments, Nepal Developing a New Airport to Promote Tourism, Chinese Star-Rated Hotels Report Average Occupancy Rate of 53.
Sluggish demand for overseas travel to the U.S. will sustain the trend of the country falling behind international travel growth worldwide, according to the latest forecast released by the U.S. Travel Association.
Analysts at Lodging Econometrics (LE) report that at the end of the third quarter of 2019, China's total construction pipeline has grown to 3,380 projects/628,972 rooms. Currently, the country has 2,548 projects with 438,797 rooms under construction with projects scheduled to start construction in the next 12 months at 404 projects with 85,026 rooms.
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 24-30 November 2019, according to data from STR.
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 24-30 November 2019, according to data from STR.
Hotel average daily rate (ADR) in the Miami/Hialeah market is projected to reach a record level for a Super Bowl weekend, according to a custom forecast from STR's Consulting & Analytics office. The market is projected for an ADR between $520-540 for Friday, January 31 through Sunday, February 2.
CBRE Issues U.S. Lodging And 2020-2021 Historic Hotels Forecast At Historic Hotels Of America Annual Conference
The outlook for the U.S. lodging industry continues to be less strong than prior years, according to CBRE Hotels Research (CBRE), but Historic Hotels RevPAR will be impacted less and be relatively stronger than other segments of the industry over the next two years.
Two consecutive months of profit gain were spoiled as the start of the fourth quarter brought with it a year-over-year downturn in GOPPAR for U.S. hotels.
For the second consecutive month, hotels in the Middle East & North Africa recorded a year-over-year rise in profit, a positive sign for a region where GOPPAR declines had previously abounded. GOPPAR in October increased 4% over the same month last year, according to data from HotStats.