Markets & Performance Reports

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.

STR Global

Report

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.

CoStar

United States

Report

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.

HVS

London, United Kingdom

Report

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.

CoStar

United States

Report

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.

CoStar

United States

Report

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.

PwC (US)

Report

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.

CoStar

United States

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Hospitality Net

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The next-gen metrics that move hotel P&L

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Mews

Report

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.

HotStats

United Kingdom

Report

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.

CoStar

United States

Report

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

Report

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.

HotelNewsNow

United States

Ad Guide

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.

Mews

Report

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.

CoStar

United States

Report

November 1, 2010

STR reports US hotel performance for week ending 23 October 2010

The U.S. hotel industry reported increases in all three key performance metrics during the week of 17-23 October 2010, according to data from STR. In year-over-year comparisons, occupancy increased 8.1 percent to 63.8 percent, average daily rate was up 0.9 percent to US$101.09, and revenue per available room ended the week up 9.1 percent to US$64.46.

CoStar

Report

October 28, 2010

Peak Season Performance Peaks Interest | Recovery Continues To Outpace Expectations | PKF Reports

After reviewing the 2010 third quarter performance data for the U.S. lodging, it is apparent that we are solidly into the recovery phase of the business cycle. According to data from Smith Travel Research (STR), U.S. hotels enjoyed an 8.4 percent increase in RevPAR during 3Q10 compared to 3Q09. This was slightly better than the 7.6 percent RevPAR growth rate forecast by Colliers PKF Hospitality Research (PKF-HR).

CBRE Hotels

Report

October 27, 2010

Q3 2010 Greek Hospitality Industry Performance

This newsletter provides a snapshot of the evolution of the performance of Greek hotels, based on a sample of approximately 180 hotels & resorts in Greece. The hotel performance data is compared with data regarding international arrivals in Greece as well as international hotel data, so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, a topic of special importance to the hospitality industry will be presented each time.

GBR Consulting

Greece

Report

October 27, 2010

Middle East/Africa region September 2010 results | STR Global

The Middle East/Africa region reported increases in all three key performance measurements for September 2010 when reported in U.S. dollars, according to data compiled by STR Global. The region’s occupancy ended the month with a 5.6-percent increase to 58.2 percent, average daily rate rose 8.2 percent to US$147.39, and revenue per available room went up 14.2 percent to US$85.80.

STR Global

Report

October 27, 2010

Europe region September 2010 results | STR Global

“September saw the highest monthly occupancy and average room rate so far for this year”, said Elizabeth Randall, managing director at STR Global. “With 74.8 percent occupancy and €106.68 ADR, Europe also achieved its highest RevPAR of €79.78. One has to go back to September 2008 to get a similar RevPAR (€82.86). As the continued RevPAR recovery gains strength, the outlook looks brighter for the European markets despite the continued risks to the wider economies and the hotel markets”.

STR Global

Report

October 27, 2010

Americas region September 2010 results | STR Global

The region’s occupancy rose 6.6 percent to 60.1 percent, average daily rate went up 2.3 percent to US$101.07, and revenue per available room increased 9.1 percent to US$60.78. Among the key markets in the region, Santiago, Chile, achieved the largest occupancy increase, rising 17.1 percent to 66.6 percent, followed by Miami, Florida, with a 12.1-percent increase to 59.3 percent.

STR Global

Report

October 27, 2010

Asia/Pacific region September 2010 results | STR Global

In year-over-year measurements, the Asia/Pacific region’s occupancy rose 7.4 percent to 66.9 percent, average daily rate increased 11.0 percent to US$135.54, and revenue per available room jumped 19.2 percent to US$90.71.

STR Global

Report

October 18, 2010

tHPI October: Average overnight costs in European cities rose to 103 pounds this month – an 8% rise from last month, exacerbated by the weakening Pound-Euro exchange rate

Average overnight costs in European cities rose to 103 pounds this month – an 8% rise from last month, exacerbated by the weakening Pound-Euro exchange rate. Affordable Autumn destinations are still to be found on some holiday islands; prices are down to 70 pounds in Crete and 66 pounds in the Balearic Islands. In the UK, many cities are at their highest point this year. These are the findings of the trivago Hotel Price Index (tHPI), which is published monthly by the hotel price comparison site www.trivago.co.uk.

trivago

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