Hotel Industry News - Trends

Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 3.8-percent increase to 56.7 percent, its average daily rate rose 3.3 percent to CAD$125.32 and its revenue per available room was up 7.2 percent to CAD$71.06.

Driven by debt restructuring deals, hotel investment activity is expected to remain stable across EMEA during 2012 with $11 billion worth of deals forecast for the year, reflecting transaction volumes similar to 2011 levels of $10.9 billion according to Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report.

An article that addresses the long-time hospitality industry debate over hiring employees based on personality or on ability has been named the 2011 article of the year for the Cornell Hospitality Quarterly, based on a vote by the members of the CQ’s editorial board.

2011 closes with positive indicators for hotel business throughout the European Union, with an average of 5.5% growth in the RevPAR as a result of increased occupancy combined with growth in average daily rates.

London and Regional U.K. reported positive revenue-per-available-room (RevPAR) growth in 2011, according to data from STR Global.

TripAdvisor, Inc. (NASDAQ: TRIP) announced the results of its first-ever 360 degree survey, which reveals U.S. lodging trends according to those who know them best: travelers and hospitality business owners and managers.

Data trends on cheapest hotel rates as well as median rate for three months of three, four and five star hotels across some of the major cities in Europe.

With the U.S. lodging industry still feeling the effects of the recession, the country is missing out on a significant opportunity to increase jobs and GDP through international tourism, specifically, Chinese outbound tourism.

The European Travel Commission (ETC) has just published its fourth quarterly report on European Tourism in 2011 - Trends & Prospects.