Lifted by the Australian Grand Prix, Melbourne’s hotel industry reported its highest monthly room rates on record.
Paris hotels reached 2019 profitability level in March
Among key hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable.
U.K., Poland and Ireland lead Europe hotel occupancy recovery
The U.K., Poland, and Ireland are the three European countries to achieve occupancy indexes that are 80% or better to pre-pandemic levels.
U.S. hotel profitability reached 28-month high in March
U.S. hotel gross operating profit per available room reached its highest level since November 2019.
U.S. hotel results for week ending 23 April
U.S. hotel performance increased from the previous week.
Canada hotel rates exceeded 2019 levels in March
Canada’s monthly hotel rates exceeded 2019 levels for the first time since the pandemic began.
India hotel occupancy and ADR top pre-pandemic levels in mid-April
Amid continued recovery from the Omicron wave, India’s hotel industry eclipsed pre-pandemic comparables in occupancy and ADR for three consecutive days during the second week of April.
U.S. hotel results for week ending 9 April
U.S. hotel performance increased from the previous week.
Expo 2020 drove Dubai hotel occupancy above 90%
Driven by the final weeks of Expo 2020, Dubai’s hotel industry reported its first month of 90% or better occupancy since 2007.
Australian Grand Prix lifting Melbourne hotel bookings to 29-month high
As of 4 April, the Thursday-Sunday (7-10 April) average in the market is 89% with a peak of 94% on Saturday night.
