The Asia Pacific room construction total represented a 31.4% increase compared with January 2018.
The Middle East reported a 21% year-over-year increase in the number of rooms in construction (127,115) through January, according to STR pipeline data. Africa, meanwhile, reported a 4.2% increase in rooms in construction (27,124).
The U.S. hotel industry reported a 4.5% increase in rooms in construction compared with January 2018.
PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that in 2018, new supply growth was 2.0%, the first time it has reached 2.0% in eight years. The top 25 markets had new supply growth of 2.
The India Hotel Market Review 2018 is a collaboration between Horwath HTL and STR.In this report, we examine Occupancy, Average Daily Rate and Revenue Per Available Room for several key markets. We have concentrated upon all-India numbers and 13 key markets, which carry 67% of total chain-owned/managed/affiliated inventory.
Horwath HTL are delighted to announce the launch of the 2018 Asia Pacific Hotel Chains & Hotels Report. 11 key markets in Asia Pacific are highlighted, examining the relationship between branded hotels and their independent counterparts.
LONDON - STR's preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory. Based on daily data from January, Dubai reported the following in year-over-year comparisons:Supply: +9.
LONDON - STR's preliminary January 2019 data for hotels in Sydney indicates lower occupancy and room rates influenced by supply growth. Based on daily data from January, Sydney reported the following in year-over-year comparisons:Supply: +2.
LONDON - STR's preliminary January 2019 data for London indicates record performance levels. Based on daily data from the month, London reported the following in year-over-year comparisons:Supply: +2.
HENDERSONVILLE, Tennessee, and MILWAUKEE -- The Baird/STR Hotel Stock Index opened the year with a 7.8% increase and finished January at a level of 4,388. "Hotel stocks snapped back with the broader stock market in January after a challenging fourth quarter last year," said Michael Bellisario, senior hotel research analyst and VP at Baird.
