The U.S. hotel industry reported increases in all three key performance metrics during the week of 20-26 February 2011, according to data from STR. In year-over-year comparisons, occupancy increased 8.4 percent to 59.9 percent, average daily rate was up 3.4 percent to US$99.38, and revenue per available room finished the week up 12.1 percent to US$59.54.
Hotel results in the Middle East & North Africa end 2010 with great disparity, as some markets post true RevPAR growth and others still negative. "MENA is a challenging hotel market to analyse compared to say Western Europe and the US. The region is not as mature, with countries at different stages of the hotel cycle, i.e. performing completely different to each other. Thus, the hotel cycle is a lot more unpredictable, and erratic behaviour from some can easily overthrow regional trends," comments Director of Development, MKG Hospitality, Vanguelis Panayotis.
The U.S. hotel industry reported single-digit increases in all three key performance metrics during the week of 23-29 January 2011, according to data from STR. In year-over-year comparisons, occupancy increased 6.7 percent to 52.0 percent, average daily rate was up 2.7 percent to US$97.63, and revenue per available room finished the week up 9.6 percent to US$50.75.
2010 ended with improved rooms revenue indicators. Four star hotels took the lead, recording growth of 8.3%. Although this does not make up for the losses recorded last year, it could mark the beginning of an upswing. Compared with 2009, the 3 star category recorded significantly improved performances. This is even better news considering the midscale segment was one of the hardest hit last year. Despite these good results, budget and 2 star hotel year-end performances still remain rather fragile.
The cold weather in the UK towards the end of the year was not enough to diminish headline performance levels as its capital achieved a Gross Operating Profit per Available Room (GOPPAR) of €105.07, according to the latest HotStats survey from TRI Hospitality Consulting.
The European hotel industry posted mostly positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for year-end 2010, according to data compiled by STR Global. "Recovery took hold over most of Europe during 2010", said Elizabeth Randall, managing director of STR Global. "Demand returned, and with limited supply increases overall, most hotel markets boosted their occupancy levels and were able to build their average rates.
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for year-end 2010 and December 2010, according to data compiled by STR and STR Global. The Americas region ended the year with a 5.6-percent increase in occupancy to 57.8 percent, average daily rate finished virtually flat with a 0.6-percent increase to US$100.32, and revenue per available room was up 6.2 percent for the year to US$57.99.
Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for year-end 2010 when reported in U.S. dollars, according to data compiled by STR Global. In year-over-year measurements, the Asia/Pacific region's occupancy rose 8.9 percent to 66.0 percent, average daily rate increased 11.4 percent to US$132.80, and revenue per available room jumped 21.3 percent to US$87.69.
The Middle East/Africa region reported increases in all three key performance measurements for year-end 2010 when reported in U.S. dollars, according to data compiled by STR Global. The region's occupancy ended the year with a 0.8-percent increase to 61.8 percent, average daily rate rose 3.1 percent to US$156.94, and revenue per available room went up 4.0 percent to US$97.04.
The full year 2010 shows strong profit growth in London but stagnation in the provinces. London hotels showed a double-digit increase in profits, according to the 2010 figures in the latest HotStats survey from TRI Hospitality Consulting. The performance in the provinces, however, was less robust with Gross Operating Profit per Available Room (GOPPAR) dropping by 1.4%. This compares to the 13.9% rise in London.
The U.S. hotel industry reported increases in all three key performance metrics for fourth-quarter 2010 in year-over-year measurements, according to data from STR.
Even for economic powerhouses like China and India, the road has been bumpy these last couple of years. To find out how these and several other Asian markets will likely fare in 2011, we turned to HORWATH HTL, whose consultants jumped into high gear to produce this situation report and outlook, covering eleven countries.
How will 2011 play out for the key hotel markets in Europe? To get an idea of the current situation and varying pace of recovery across the continent, The Hotel Yearbook asked HORWATH HTL for an assessment. Nine different offices contributed to this extensive regional outlook, which examines markets from Spain and Ireland to Russia and Montenegro.
The U.S. hotel industry reported single-digit increases in all three key performance metrics during the week of 26 December 2010-1 January 2011, according to data from STR.
The Hotel Industry's Pulse Index, or HIP, is a composite indicator that gauges business activity in the United States hotel industry in real-time, similar to a GDP measure for the industry. The latest monthly change brought the index to a reading of 89.9. The index was set to equal 100 in 2000.
Consistent growth throughout the year has allowed London hoteliers to significantly exceed the headline performance levels of other European markets, according to the latest HotStats survey by TRI Hospitality Consulting. Whilst city markets such as Brussels, Barcelona and Vienna remain heavily reliant on individual market sectors, such as government and conference demand, London has benefited from its strong demand from a range of sectors, which have subsequently enabled consistent growth in the last 12 months.
Once October’s strikes were over and done with, trading picked up in November. However, in regional France, growth rates remained moderate, considering the sharp drops already recorded last year over the same period. As in October, 2 star hotels recorded mixed results. The Côte d’Azur market saw occupancy drop, whilst Paris stagnated. Budget hotels performed better than in October when all indicators were down. Regional budget hotels posted rooms revenue growth of 1.5% in the south-west and 3.4% in the south-east.
The U.S. hotel industry posted increases in the three key performance measurements during the week of 12-18 December 2010, according to data from STR. In year-over-year measurements, the industry's occupancy rose 9.4 percent to 46.5 percent, average daily rate increased 4.1 percent to US$91.66, and revenue per available room went up 14.0 percent to US$42.61.
The Middle East/Africa region reported increases in all three key performance measurements for November 2010 when reported in U.S. dollars, according to data compiled by STR Global.
Hotels in the Asia/Pacific region experienced increases in all three key performance metrics for November 2010 when reported in U.S. dollars, according to data compiled by STR Global.