In 2015, two franchises produced a room revenue impact of more than US$10.0m on their respective city’s hotels: the New Orleans Saints (US$16.2m) and Green Bay Packers (US$11.1m).
Fear of Zika virus linked to poor performance of Caribbean hotels
Compared with the April year-to-date period of 2015, the Caribbean’s occupancy fell 3.0% to 72.9%
US national occupancy reaches new high while local levels begin to decline
According to the March to May 2016 edition of Hotel Horizons, CBRE Hotels’ Americas Research is projecting a year-end 2016 occupancy level of 65.7 percent, 20 basis points greater than the record level of occupancy achieved in 2015.
Rate drives hotel performance during Super Bowl 50
Overall, Super Bowl weekend revenue per available room for San Francisco and San Jose was 233.9% higher in year-over-year comparisons.
London to gain 7,000 hotel rooms as occupancy declines
The huge number of openings planned for 2016 in London will be of concern to the city’s hoteliers who are currently experiencing limited demand growth.
Hotel occupancy continues to surprise in 2015 according to PwC
Based on analysis and recent demand trends, PwC expects industry occupancy this year to reach levels not seen since 1981 and ADR growth to accelerate in 2016.
