STR: Asia Pacific hotel performance for October 2018

STR analysts note that performance was lifted during 8-14 October, when meetings of the Boards of Governors of the International Monetary Fund and World Bank Group were held.PhuketOccupancy: -16.1% to 63.5%ADR: +0.7% to THB2,985.51RevPAR: -15.5% to THB1,896.78The...

STR: Federal conference spending dips for first time since 2013

., remains the most popular location for federal meetings, followed by Orlando, Florida.Each year since 2012, the greatest conference costs were incurred by the Department of Defense, Department of Veteran Affairs and Department of Health and Human Services....

Market Pulse: Annapolis, MD

SMERFE (social, military, educational, religious, fraternal, and ethnic) demand plays a strong supporting role, followed by a significantly smaller amount of corporate group demand, which is reportedly limited to small regional meetings, seminars, and...

STR: South America demand outpacing supply for first time since 2011

"The market is a top destination for MICE (Meetings, incentives, conferences and exhibitions) business, and with a boost from events like the WTTC, Youth Olympic Games and G20 summit, we forecast occupancy to surpass 70% in 2018 with ADR growth being...

Barcelona's Stress Test - Will the hotel market ride it out?

By Magali Castells & Sophie Perret

During the summer, market occupancies hover around 80-90%, demonstrating the city's popularity (see figure 4).ConventionsThe city of Barcelona has long been and still is an internationally recognised destination for meetings, inentives, conferences and...

HVS Market Pulse: Downtown Chicago, IL

In addition, Chicago is home to one of the twelve Federal Reserve Banks located across the nation, as well as the Chicago Stock Exchange.Meetings and ConventionsMcCormick Place, owned by the Metropolitan Pier and Exposition Authority (MPEA) and operated...

STR: Europe hotel performance for January 2018

Also helping performance is more meetings, incentives, conferences and event (MICE) business as well as increased airlift from low-cost carriers and legacy carriers....

The Hague - Market Snapshot, 2015

The Hague is the third largest city in The Netherlands, after Amsterdam and Rotterdam, and the administrative capital of the province of South Holland. The city is the seat of the Dutch government and home to more than 160 international ...

Meetings/Hospitality Industry Riding Crest of Upswing

After a stretch of rapidly rising room rates and increased meetings attendance following the recovery from the Great Recession of 2008, the sense of prosperity felt within the meetings and hospitality industry seems to have plateaued, with hotel room...

STR: Asia Pacific hotel performance for Q2 2017

In terms of performance, Sydney led in absolute values with occupancy at 83.9% (+1.1%) and ADR at AUD213.91 (+6.3%), and STR analysts believe the recently re-opened Sydney International Convention Centre will further bolster the market's demand, specifically...