Hospitality Market Reports Page 2

Foreign residents arriving at the International Airport of Athens increased 11.0% during Q2 2019 compared to the same quarter last year. Performance of April was particularly strong with an increase of 20.5% y-o-y, while May and June recorded single digit growth rates of 9.7% and 6.1% y-o-y respectively. It should be noted that these international arrivals include passengers that are transferring in Athens to other domestic destinations. continue reading →

June was a banner month for UK hotels. Profit performance hit a peak for the year as the typically strong month was boosted by the Cricket World Cup, according to the latest data tracking hotels from HotStats. continue reading →

During the week of 21-27 July, U.S. hotel occupancy dipped 1% to 77.5%, and a 0.5% ADR decrease to $136 drove RevPAR down 1.6% to $105.43. continue reading →

Canadian hotel occupancy decreased 2.2% to 78% during the week of 21-27 July, and a 2.3% ADR drop to 178.71 Canadian dollars ($134.96) dragged RevPAR down 4.4% to CA$139.47 ($105.33). continue reading →

No other region in the history of the world has ever seen this kind of rapid and mass urbanization, as Africa is expected to witness in the next decade or two. While these stats confirm the possibility of Africa being on the path to some massive economic and social reforms in the next decade or two, the business ecosystem in the continent is also about to witness an enormous and unprecedented shift. In this article we will look at the implications of such a dramatic forecast and its implications on tourism and most importantly, hospitality. continue reading →

In a clear example that revenue and profit aren’t always aligned, RevPAR at mainland European hotels attained a high for the year in June, but GOPPAR fell. Falling ancillary revenues and rising costs stymied gains made in rooms from flowing through to the bottom line, according to the latest data tracking full-service hotels from HotStats. continue reading →

e-forecasting.com's U.S. monthly-GDP ™, rose in June by an annualized month-to-month growth rate of 1.8% to $19,057 billion of chained 2012 dollars expressed at seasonally adjusted annual rates, following an increase of 2.8% in May. continue reading →

Illustrating that revenue per available room and profit don’t always move lock and step, RevPAR at U.S. hotels in June declined year-over-year, but the drag did not bring down GOPPAR with it, according to the latest data tracking full-service hotels from HotStats. continue reading →

Sporting fixtures bring 6% boost to London's hotels while the provinces feel the squeeze continue reading →

Canadian hotel occupancy dipped 0.4% to 68.3% during Q2, but a 2.6% ADR increase to 167.71 Canadian dollars ($127.52) drove RevPAR up 2.1% to CA$114.52 ($87.08). continue reading →