Leading Indicator for Hotels Advances 11 Months in a Row
Hotel Industry Leading Indicator HIL Up in September
Whilst Londons hotel profitability showed positive year -on-year movements in the month of September, the UK provinces put the capitals performance in shade with gross operating profit per available room (GOPPAR) showing a double digit growth. In particular, Scottish hoteliers recorded a 27.3% surge in this metric, according to the latest data from HotStats.
The industrys occupancy increased 3.8 percent to 70.3 percent; average daily rate rose 5.2 percent to US$117.91; and revenue per available room was up 9.2 percent to US$82.93. Demand increased 4.8 percent during the third quarter, while supply was up 0.9 percent.
This market snapshot presents current data and information on the hotel and tourism industry in Turin, Italy. In writing such articles we utilise the expertise of HVS for each market to the full extent combining our in-house data and research together with published information regarding each of the examined destinations.