Tennessee—The U.S. hotel industry registered record-breaking performance levels during 2019 but its lowest growth rate in revenue per available room (RevPAR) since the current cycle began in 2010, according to data from STR.
In Thailand, long a popular destination in the tropics, there's a new group helping push the number of visitors higher than ever. Thailand welcomed a record 39 million visitors in 2019, up from 38 million the year before, according to the country's Tourism and Sports Ministry.
1.5 billion international tourist arrivals were recorded in 2019, globally. A 4% increase on the previous year which is also forecast for 2020, confirming tourism as a leading and resilient economic sector, especially in view of current uncertainties.
The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 5-11 January 2020, 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 5-11 January 2020, according to data from STR.
Preliminary hotel performance data for December 2019 shows Sydney Drive Regional, a submarket within a two-hour-drive radius of Greater Sydney, has been greatly affected by continued bushfires in Australia, according to STR.
With this latest report from Horwath HTL Italy, we shed light on the world of CapEx in Italian Hospitality. The report covers in detail the cost of building, converting and renovating hotels and resorts in Italy.
Key Mainland China hotel markets are projected to report performance growth in 2020 despite a challenging macroeconomic environment, according to the latest forecast from STR and Tourism Economics. "China's economy, and by extension its hospitality industry, remains strong even with concerns around the trade war with the U.
STR's preliminary December 2019 data for Abu Dhabi, United Arab Emirates, indicates strong room rates despite weakened demand.
STR's preliminary December 2019 data for hotels in Melbourne, Australia, indicates higher performance led by demand.