Hospitality Industry Trends - Market Reports

In what was a testing year for tourism markets globally after the fallout of the world financial crisis, Jordan showed signs in 2009 of withstanding the challenge. The country observed an occupancy rate of 56.1 percent in the 12-month period ended December 2009, according to statistics from STR Global, which reflects a year-on-year decrease of 1... - More

Calgary Tops the Hotel Rate Report for the Third Consecutive Month - More

World GDP fell by 2.1% in real terms, with developed economies - a major source of demand for Travel & Tourism - the most severely affected. Households curtailed leisure travel plans, substituting lower-cost short-haul and domestic travel for more expensive long-haul trips, and corporations reduced business travel budgets. - More

Hotels are on the comeback trail. More accurately hotels appear to be on two separate trails to recovery – a super-highway for London and a much rougher Provincial trail. - More

Recent analysis by Deloitte has found that recovery in European hotel performance is on the horizon. Demand has experienced an upturn since October 2009, before pushing into positive territory in December 2009 - up 4.2 percent. STR Global results for January 2010 also show a healthy 3.3 percent increase in the region against January 2009. - More

Deloitte has confirmed that hotels in the Middle East achieved the highest occupancy, average room rates and revPAR globally in 2009. Data prepared by STR Global, shows occupancy reached 61.3 percent for the year, while average room rates and revenue per available room (revPAR), stood at US$202 and US$124 respectively. - More

A survey of 417 European hotel executives by international law firm DLA Piper has revealed weak industry confidence and dealt a blow to hopes of recovery this year. - More

The hotel business in New York City has begun to turn the corner as Sean Hennessey, CEO of Lodging Advisors, told the Greater New York Chapter of the Hospitality Sales & Marketing Association International (HSMAI) that based on an analysis of STR data, he forecasts that New York City hotel RevPAR turned positive in February 2010, the first time ... - More

In year-over-year measurements, the industry’s occupancy ended the week with a 4.0-percent increase to 54.9 percent. Average daily rate dropped 3.0 percent to finish the week at US$96.05. Revenue per available room for the week was up 0.9 percent to finish at US$52.75. - More

In year-over-year measurements, the industry’s occupancy decreased 0.4 percent to 55.3 percent. Average daily rate fell 0.9 percent to finish the week at CAD$125.36. Revenue per available room for the week dropped 1.3 percent decrease to CAD$69.36. - More