MENA Chain Hotels Market Review - August 2018

Profit per room at hotels in the Middle East & Africa increased by 25.6 percent year-on-year in August, with multiple markets across the region benefitting from celebrations to mark the Eid al-Adha Holy festival.

North Carolina Sees 65 Hotel Closings, Performance Lift Following Hurricane Florence

As of 3 October, 65 hotels accounting for 4,422 rooms in North Carolina were confirmed to be closed due to storm-related damage. According to Dominik Kozissnik, STR’s global census director, roughly half of the closed properties already have planned re-opening dates, most of which will be later this month or in November. South Carolina, on the other hand, reported three closings that totaled 323 rooms.

Negative YOY Performance for US Hotel Industry for Week Ending September 22nd - 2018

During the week of 16-22 September, the U.S. hotel industry reported occupancy dipped 2.3% to 69.9%, ADR was flat at $128.33, and RevPAR decreased 2.3% to $89.67.

UK Chain Hotels Market Review - August 2018

Hotels in the UK recorded a 9.2 percent year-on-year increase in profit per room in August, as warm temperatures lured lodging demand from domestic and international leisure sources, according to the latest data tracking full-service hotels from HotStats.

Hospitality Market Reports