London Hotels Report Flat Performance for December 2017
Preliminary January data from STR shows London hotels reported occupancy decreased 0.9% to 69.8%, ADR rose 1.3% to £129.23 ($178.44) and RevPAR increased 0.3% to £90.21 ($124.56).
Canada's hotels experienced a 1.1% occupancy increase to 57.4% during the week of 4-10 February, while ADR rose 2.8% to 144.02 Canadian dollars ($115.15) and RevPAR increased 3.9% to CA$82.61 ($66.05).
The second-largest city in California and the eighth-largest city in the United States, has 70 miles of glorious coastline and a year-round average daily forecast of 70 degrees Fahrenheit, with annual occupancy levels reaching the high 70s.
AlixPartners, AM:PM and HVS have published the Q4 2017 Hotel Bulletin. The Hotel Bulletin analyses demand, supply, pipeline and transactions in the hotel market in 12 UK cities. Includes a focus on UK performance over the last five years.
While hotel occupancy rose 0.3% to 50.6% in January in Jeddah, Saudi Arabia, according to preliminary STR data, the market saw ADR drop 2.4% to 732.33 Saudi Arabian riyals ($195.29) and RevPAR decline 2.1% to 370.33 riyals ($98.75).
High demand was enough to outpace somewhat slowing supply growth and push a positive occupancy comparison. As a result, Dubai saw its first January increase in RevPAR since 2014. STR analysts note the year-over-year change in supply would be the lowest for any month since November 2012.