Mixed Performance Metrics for Canadian Hotel Industry Week Ending 24 January 2015
The Canadian hotel industry reported mixed results in the three key performance metrics during the week of 1824 January 2015, according to data from STR, Inc.
Dubais four and five star hotels maintained strong performance levels during the month of December with revenue per available room (RevPAR) increasing by 2.2% to US$308.26, according to the latest HotStats data. The growth in rooms revenue was driven by a marginal growth in average room rate (ARR) which rose by 0.4% to US$375.11, coupled with a 1.4 percentage point increase in occupancy to 82.2%.
Strong December results contributed to a great year for the UK hotel industry with gross operating profit per available room (GOPPAR) showing growth for London and the UK Provinces compared to 2013. South West hoteliers brought their share to the nations success with GOPPAR increasing by 9.0% in 2014, according to the latest data from HotStats.
Amsterdam and Brussels were amongst the best performing markets in Europe in December, achieving impressive year-on-year growth in gross operating profit per available room (GOPPAR) by 38.6% and 34.2% respectively, according to the latest data from HotStats.
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