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.
Reports
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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”.
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”.
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.
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.
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.
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.
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.
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.
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