Brazil reported a 10.2% year-over-year occupancy increase in January, the highest occupancy increase for any month in the country in nearly seven years.
Led by millennials, some 88 million Americans plan to take family vacations this year. According to the latest research from AAA Travel, 44 percent of millennials are planning a family getaway, more than members of Generation X (39 percent) or baby boomers (32 percent).
London reported hotel occupancy decreased 0.4% to 77.3% in February, according to preliminary data from STR. ADR rose 1.2% to 133.84 ($185.96) and RevPAR increased 0.8% to 103.48 ($143.78).
As the International Hotel Investment Forum convenes in Berlin, STR data shows occupancy increased 2.4% to 71.9% in 2017, while ADR rose 3.1% to 110.51 ($136.02) and RevPAR jumped 5.6% to 79.46 ($97.80).