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 16 April
Aligned with historical patterns, U.S. hotel performance came in lower during the week of Easter.
Largest U.S. hotel markets showed considerable RevPAR gains
More than two-thirds of STR-defined U.S. hotel markets outperformed their 2019 comparables over the four weeks ending 9 April 2022.
New Orleans hotel market scores big from Final Four Tournament
This year’s NCAA men’s basketball Final Four championship held in New Orleans over the first weekend in April was an exceptional windfall to area hotels.
