Markets & Performance Reports - Hospitality Net

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January 3, 2011

European Chain Hotels Market Review - November 2010

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.

January 3, 2011

Deloitte - French Hotel Industry Performances (November 2010)

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.

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December 24, 2010

STR reports US hotel performance for week ending 18 December 2010

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.

December 23, 2010

Middle East/Africa hotel results improve in November 2010

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.

December 23, 2010

Asia/Pacific hotel performance improves in November 2010

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.

December 23, 2010

STR Global posts November 2010 results for Europe

The European hotel industry posted mostly positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for November 2010, according to data compiled by STR Global.

December 23, 2010

Americas Performance: STR Global reports increases in November 2010

The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for November 2010, according to data compiled by STR and STR Global.

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December 23, 2010

UK Chain Hotels Market Review November 2010

12 months after London hoteliers recorded a dramatic return to profitability growth the capital continues to thrive, according to the latest Hot-Stats survey from TRI Hospitality Consulting.

December 23, 2010

CB Richard Ellis Analysis Anticipates U.S. RevPAR Growth of 1.6% in 2011

The recovery in the U.S. hotel sector will continue in 2011 and begin to accelerate in 2012, according to a new analysis from CB Richard Ellis Econometric Advisors (CBRE-EA). CBRE-EA forecasts that RevPAR1 for "full service" hotels will improve 1.6% over the next year and 4.4% over two years, rising to $94.21 in 3Q2011, and $98.34 in 3Q 2012. In the "limited service" category, RevPAR will grow 2.6% over the next year and 6.5% over two years, reaching $48.00 in 3Q 2011, and $51.12 in 3Q2012.

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December 20, 2010

STR reports US hotel performance for week ending 11 December

The U.S. hotel industry reported increases in all three key performance metrics during the week of 5-11 December 2010, according to data from STR. In year-over-year comparisons, occupancy increased 8.6 percent to 52.2 percent, average daily rate was up 2.6 percent to US$98.75, and revenue per available room ended the week up 11.5 percent to US$51.56.

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.

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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”.

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.

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