Indianapoliss hospitality industry is experiencing a new supply boom, a result of continued demand growth across all sectors and an upcoming convention center expansion.
U.S. hotel occupancy dipped 0.2% to 70.5% during the week of 20-26 October. ADR rose just 0.2% to $135, and RevPAR was flat at $95.15.
AlixPartners, STR and HVS have published the Q3 2019 UK Hotel Market Tracker. The Hotel Market Tracker analyses performance, supply and transactions in London and the UK regions.
Preliminary October data shows Melbourne hotel occupancy dipped 1.4% to 85.2%, ADR decreased 3.5% to 188.95 Australian dollars ($128.99) and RevPAR fell 4.9% to AU$160.98 ($109.90).