Following a period of lacklustre growth in Q1 2018, hotels in Europe recorded an impressive 18.9% increase in profit per room in April as a result of soaring revenues and falling costs, according to the latest worldwide poll of full-service hotels from HotStats.
For the total year, the U.S. hotel industry is projected to report a 0.4% increase in occupancy to 66.2%, a 2.5% rise in average daily rate (ADR) to US$129.74 and a 2.9% lift in revenue per available room (RevPAR) to US$85.89. RevPAR grew at least 3.0% for each year from 2010 to 2017.
The publication continues to serve owners as a reference for which operator has a strong presence in their home market and in potential future markets further ashore as well as key feeder markets across the region.
In May, U.S. hotels reported occupancy rose 0.7% year over year to 68.2%, ADR increased 2.6% to $129.90 and RevPAR rose 3.3% to $88.59.