With the advent of technology, many activities previously performed by live humans have been replaced by automated methods. Is it really an improvement, or has the industry gone too far?
Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
According to preliminary February 2019 data from STR, Abu Dhabi hotels reported occupancy dipped 1.9% to 79.2%, but a 31.6% ADR boost to 565.07 Emirati dirhams ($153.87) drove RevPAR up 29.1% to 447.46 dirhams ($121.84).
The U.S. hotel industry reported occupancy dropped 0.9% to 70.2% during the week of 10-16 March. ADR rose 0.6% to $134.50, but RevPAR decreased 0.3% to $94.40.