Airfare prices are slowly climbing in markets with the strongest demand, according to BCD Travels midyear update to the 2018 Industry Forecast. Meanwhile, the outlook for global hotel rates in 2018 remains unchanged with a 2-4% increase predicted over last year.
Singapore performance down from 2016 Airshow and Chinese New Year time period - South Korea supply growth limits potential Olympics performance boost - Thailand performance strengthens during Chinese New Year
The Canadian hotel industry reported occupancy rose 2.7% to 61.4% during the week of 4-10 March 2018, while ADR increased 4.7% to 154.55 Canadian dollars ($119.03) and RevPAR jumped 7.5% to CA$94.88 ($73.07).
Dynamic hotel investment activity by existing owners continuing to optimize their portfolios and new investors with abundant, global capital will make 2018 another strong hotel investment year amidst the backdrop of tremendous operating fundamentals.