American Express Travel Reveals Emerging Trends and Top Ten Destinations for 2018
Travel Trends Signal Interests in Cultural Discovery, Camaraderie, Premium Amenities, Wellness and More
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Hotels in Jeddah, Saudi Arabia, reported occupancy dropped 17.4% to 45.7% in November, according to preliminary STR data. ADR decreased 9.7% to 702.62 Saudi Arabian riyals ($187.37) and RevPAR fell 25.4% to 321.06 Saudi Arabian riyals ($85.62).
Hong Kong's hotel market reported occupancy rose 1.4% to 94.3% in November, according to preliminary monthly data from STR. ADR increased 5.6% to 1,603.28 Hong Kong dollars ($205.39) and RevPAR jumped 7.1% to HK$1,511.50 ($193.63).
In October, the reporting carriers posted an on-time arrival rate of 84.8 percent, slightly down from the 85.5 percent on-time rate in October 2016, but up from the 83.6 percent mark in September 2017.
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Occupancy slipped slightly due to significant supply growth outpacing demand. Regardless, the market eclipsed 90% occupancy for the second November in a row. STR analysts also note that November is the 40th consecutive month of year-over-year ADR growth in Sydney.
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