Markets & Performance Reports - Hospitality Net

Advertisement

December 8, 2010

PKF-Hospitality Research's December Hotel Horizons® Shows U.S. Lodging Demand Growth at 7.8% for 2010

The recovery of the U.S. lodging industry continues to improve, buoyed by a sustained expansion in the demand for hotel rooms across the country. Accordingly, Colliers PKF Hospitality Research (PKF-HR) has edged up its forecasts for U.S. hotel performance for 2010 and re-affirmed the outlook for 2011. In the recently released December 2010 edition of Hotel Horizons®, PKF-HR forecasts that lodging demand will grow 7.8 percent in 2010. This is nearly four times greater than the 2.0 percent increase in hotel supply, resulting in a record 5.7 percent rise in occupancy.

December 6, 2010

STR reports US hotel performance for week ending 27 November 2010

The U.S. hotel industry reported increases in all three key performance metrics during the week of 21-27 November 2010, according to data from STR. In year-over-year comparisons, occupancy increased 7.0 percent to 43.6 percent, average daily rate was up 2.9 percent to US$87.53, and revenue per available room ended the week up 10.1 percent to US$38.16.

November 30, 2010

STR reports US hotel performance for week ending 20 November

The U.S. hotel industry reported increases in all three key performance metrics during the week of 14-20 November 2010, according to data from STR. In year-over-year comparisons, occupancy increased 8.6 percent to 57.1 percent, average daily rate was up 2.6 percent to US$98.48, and revenue per available room ended the week up 11.4 percent to US$56.22.

November 29, 2010

European Chain Hotels Market Review - October 2010 | Tri Hospitality

Year-on-year profitability levels grew by more than 17 per cent in October as room occupancy in the UK capital once again exceeded 90 per cent, according to the latest HotStats survey by TRI Hospitality Consulting. This is the second month in succession and the fourth time this year that hotels in London’s four and five-star sector have achieved a room occupancy in excess of 90% and the UK capital once again achieved the highest room occupancy of all European markets polled during October.

November 25, 2010

UK Chain Hotels Market Review - October 2010

Despite a 1.6% increase in Revenue per Available Room (RevPAR) to £51.60 from £50.77, the unique insight from TRI’s HotStats survey revealed that Gross Operating Profit per Available Room (GOPPAR) actually fell back by 4.1% for Provincial hoteliers during October to £32.89 from £34.31. This is the greatest margin of decline since the 18.9% drop at the beginning of the year.

November 25, 2010

STR Global: Middle East/Africa hotel results increase in October 2010

The Middle East/Africa region reported increases in all three key performance measurements for October 2010 when reported in U.S. dollars, according to data compiled by STR Global. The region’s occupancy ended the month with a 0.5-percent increase to 67.2 percent, average daily rate rose 0.8 percent to US$162.54, and revenue per available room went up 1.3 percent to US$109.20.

November 25, 2010

STR Global: Asia/Pacific hotel performance improves in October 2010

In year-over-year measurements, the Asia/Pacific region’s occupancy rose 7.0 percent to 71.4 percent, average daily rate increased 16.4 percent to US$146.26, and revenue per available room jumped 24.5 percent to US$104.49. “With 10 months gone this year, the Asia/Pacific region continues to recover strongly in October with double-digit ADR and RevPAR growth”, said Elizabeth Randall, managing director of STR Global. “The high demand for hotels was fueled by the region's strong economic recovery”.

Ad AI Hospitality

Ernest - Lighthouse's AI for hoteliers

"Just tell me why my weekend pickup dropped." With Ernest, now you can ask your commercial data anything, and act on the answer.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

November 25, 2010

STR Global posts October 2010 results for Europe

The European hotel industry posted positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for October 2010, according to data compiled by STR Global. “Europe’s recovery continued to stabilise in October, reporting more than 10-percent RevPAR growth”, said Elizabeth Randall, managing director of STR Global. “Recent bail-outs for Ireland, the potential implications for other Euro-zone countries, and the consequences for the wider economic and hotel markets continue to highlight the risks to the RevPAR recovery”.

November 25, 2010

STR Global: Americas hotel results improve in October 2010

The region’s occupancy rose 6.7 percent to 61.3 percent, average daily rate went up 1.5 percent to US$102.38, and revenue per available room increased 8.2 percent to US$62.80. Among the key markets, Mexico City, Mexico, was the only market to experience a double-digit occupancy increase, rising 15.1 percent to 68.1 percent. Manitoba/Saskatchewan, Canada (-0.4 percent to 72.2 percent), and Rio de Janeiro, Brazil (-0.4 percent to 73.7 percent), were the only two markets to report occupancy decreases.

November 24, 2010

STR releases updated 2010, 2011 forecast

The U.S. hotel industry is projected to end 2010 with increases in two of the three key performance measurements, according to STR's forecast update. STR projects 2010 occupancy will increase 5.3 percent to 57.4 percent, average daily rate is expected to end the year virtually flat with a 0.1-percent decrease to US$97.92, and revenue per available room is projected to rise 5.2 percent to US$56.23.

November 24, 2010

Europe: London hotels lead the recovery with double-digit RevPAR growth in 2010, says HVS report

London hotels have experienced such strong trading in 2010 that the city is now one of Europe’s strongest performers in the race for recovery, according to a new report from hotel consultancy HVS London.

London, United Kingdom

November 24, 2010

U.S. hotel performance for October 2010

In year-over-year measurements, the industry's occupancy was up 6.9 percent to 61.3 percent. Average daily rate ended the month with a 1.2-percent increase to US$100.89. Revenue per available room for the month rose 8.2 percent to finish at US$61.89.

November 22, 2010

STR reports US hotel performance for week ending 13 November

In year-over-year comparisons, occupancy increased 11.1 percent to 58.4 percent, average daily rate was up 2.7 percent to US$98.77, and revenue per available room ended the week up 14.1 percent to US$57.65.

November 16, 2010

PwC predicts strong rate-based growth for 2011

Pricewaterhouse Coopers U.S.'s updated lodging forecast expects the focus to shift from demand growth to average daily rate gains, as pricing power returns against the backdrop of an earlier-than-expected lodging recovery. Recent performance in the lodging sector has run ahead of expectations. Solid lodging results in the third quarter and the strengthening outlook for the fourth quarter have more than offset slightly weaker near-term expectations for the economy. As a result, our current lodging forecast anticipates stronger occupancy and ADR gains in 2011 than our previous outlook.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

November 15, 2010

STR reports US hotel performance for week ending 6 November 2010

In year-over-year comparisons, occupancy increased 6.2 percent to 58.2 percent, average daily rate was up 1.9 percent to US$99.29, and revenue per available room ended the week up 8.2 percent to US$57.75.

November 15, 2010

UK Chain Hotels Market Forecast 2010-11 | TRI Hospitality

TrevPAR and GOPPAR will slightly decline. • Tough market conditions in 2011 will constrain growth in UK Provincial hotels. • London market forecast to go from strength-to strength, with increases in RevPAR, TRevPAR and GOPPAR performance. • Both sets of forecasts derived from TRI Hospitality Consulting’s unique HotStats database which tracks monthly hotel revenue, cost and profit performance.

November 11, 2010

Hotel Industry Leading Indicator weakens

The U.S. Hotel Industry Leading Indicator decreased 1.1% during September after a slight drop of 0.5% during August, reports economic research firm e-forecasting.com in conjunction with STR. The U.S. Hotel Industry Leading Indicator, or HIL, is a monthly leading indicator for the U.S. hotel industry that, on average, leads the industry’s business activity four to five months in advance. The latest monthly change brought the index to a reading of 113.3. The index was set to equal 100 in 2000.

November 4, 2010

French Industry Performances (September 2010) | Deloitte Reports

It was all systems go in the Paris region, with the capital’s hotels recording exceptional increases in activity – almost reaching maximum levels. With doubledigit growth in RevPAR, hotels in the rest of Ile-de-France also saw an improvement in business. Although growth in regional hotels was not quite as impressive, the trend was no less bullish here, although there were a number of exceptions.

In Extenso Avocats

November 4, 2010

The U.S. RevPAR recovery race | hotelnewsnow.com

The RevPAR recovery race article series continues with September and third-quarter results. Overall—and as might be anticipated by loyal readers—New Orleans continues to lead the race with only 3.3% RevPAR growth needed to match its September 2008 RevPAR peak.

November 1, 2010

STR reports U.S. third-quarter 2010 results

The industry’s occupancy was up 6.7 percent to 63.9 percent, average daily rate rose 1.6 percent to US$99.07, and revenue per available room increased 8.4 percent to US$63.34. Year-to-date 2010, occupancy increased 5.2 percent to 58.9 percent, ADR fell 0.7 percent to US$97.89, and RevPAR was up 4.5 percent to US$57.70.

You have reached the last article

To discover more content beyond these 20 pages, please use our search feature or browse by category.