Hotel Industry Trends

.. and a bad year, if your hotel note is due!

Investors More Bullish on Cross-Border Transactions

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 Asia.

In year-over-year comparisons for the week, occupancy was up 4.0 percent to 53.8 percent, average daily rate increased 4.3 percent to US$101.84 and revenue per available room was up 8.5 percent to US$54.78.

Hotel rate parity trends for February to April 2012 of three, four and five star hotels across some of the major cities in Europe.

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.

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.

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

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.

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.