Hotel Resource - STR Global News

The reports are based on the latest hotel data collected by STR Global and modeled by Tourism Economics, a division of Oxford Economics, providing a 5-year hotel market outlook for the cities.

April’s demand was up by 2.1 percent across the region compared to last year. Out of the 31 cities tracked in our European Hotel Review, Frankfurt (Germany) and Brussels (Belgium) achieved the highest RevPAR growth for the month, both boosted by trade-fair activities.

In April 2012, the region’s occupancy jumped 10.0 percent to 63.9 percent, its average daily rate fell 3.6 percent to US$172.56 and its revenue per available room rose 6.1 percent to US$110.33.

The Americas region reported a 1.4-percent increase in occupancy to 61.8 percent, a 4.3-percent gain in average daily rate to US$108.25 and a 5.8-percent jump in revenue per available room to US$66.95.

In year-over-year measurements, the Asia/Pacific region’s occupancy increased 3.8 percent to 67.6 percent, its average daily rate increased 3.6 percent to US$145.01 and its revenue per available room was up 7.6 percent to US$98.07.

STR Global issued it's Global Development Pipeline Report update for April 2012

The majority of South and Central American cities tracked by STR Global, the leading provider of market data to the hotel industry, continued to report revenue-per-available-room (RevPAR) improvements for the first quarter 2012 compared to the same timeframe last year.

Jeddah, Saudi Arabia; Al Khobar, Saudi Arabia; and Dubai, United Arab Emirates, all experienced continued RevPAR improvements during the first quarter of 2012. Despite increases in demand across all but one market, continued supply growth limited RevPAR performances in the other major GCC markets.

The Americas region reported a 3.8-percent increase in occupancy to 63.7 percent, a 3.5-percent gain in average daily rate to US$109.06 and a 7.5-percent jump in revenue per available room to US$69.49.

In year-over-year measurements, the Asia/Pacific region’s occupancy increased 4.4 percent to 69.4 percent, its average daily rate increased 4.8 percent to US$145.64 and its revenue per available room was up 9.4 percent to US$101.01.