In July, U.S. hotel occupancy dipped 0.2% to 73.6%, while ADR rose 2% to $133.44 and RevPAR increased 1.8% to $98.17. @STR_Data
Preliminary July data for Sydney hotels
According to preliminary data from STR, Sydney’s hotel occupancy declined 7% to 80.5% in July. ADR dropped 6.9% to 194.05 Australian dollars ($141.84) and RevPAR decreased 13.4% to AU$156.12 ($114.12). @STR_Data
STR: Record-breaking Q1 for London hotels
During the first three months of 2017, the hotel industry in London, England, posted its highest revenue per available room (RevPAR) for any first quarter on record, according to data from STR. The market’s absolute RevPAR level of GBP101.50 was an 11.3 per cent increase compared with Q1 2016.
STR: Europe hotels see strong performance increases in Q1 2017
Concluding with strong growth in March, the European hotel industry reported increases in each of the three key performance metrics during the first quarter of 2017, according to the latest data from STR. Compared toÊthe first quarter 2016, occupancy in Europe increased by 4.1 per cent to 63.5 per cent.
Revenue management: Using data integration
As the practice of revenue management continues to evolve, industry professionals should increasingly look to use their RM systems and processes strategically and move away from tactical operations. Integrating data from the various systems and resources is an important first step.
Paris hotels continue to struggle from terrorism concerns
This year’s performance decline has mostly been driven by a drop in occupancy (-12.4% to 69.1%), as demand plummeted (-11.9%) compared with the same nine-month period in 2015 according to STR.
Yen devaluation leads to profit boost for Japanese hotels
Japan’s hotel industry has benefitted substantially from the devaluation of the Japanese yen, experiencing four consecutive years of double-digit percentage growth in gross operating profit per available room (GOPPAR).
$50 million in hotel room revenue lost during Hurricane Matthew
The overall loss will be higher once future lost business as a result of the extensive damage and renovations that many hotels will require prior to reopening is factored in.
NFL averages $75m impact on hotel room revenue
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).
Slower growth forecast for U.S. hotels
The U.S. hotel industry is projected to experience continued performance growth through 2017, albeit at a slower rate, according to STR and Tourism Economics’ most recent forecast
