Downtown Denvers newly developing RiNo District/Neighborhood is positioning itself as the next great opportunity in the Denver area. With all the commercial and entertainment related development recently completed, or anticipated to be completed in the near-to-mid-term, the opportunity for successful hotel development to follow is considerable.
Preliminary May data from STR shows Sydney hotel occupancy dipped 1.3% to 81.5% for the month, while ADR decreased 3.2% to 207.72 Australian dollars ($144.26) and RevPAR dropped 4.4% to AU$169.23 ($117.53).
Canadian hotel occupancy rose 0.4% to 74.7% during the week of 2-8 June, and a 1.1% ADR increase to 182.39 Canadian dollars ($136.94) drove RevPAR up 1.5% to CA$136.30 ($102.31).
London hotel occupancy dipped 0.6% to 82%, according to preliminary May data from STR. ADR, however rose 1.6% to £147.76 ($188.23), which drove RevPAR up 1% to £121.17 ($154.36).