Theres a popular saying that reads, 'prepare and prevent, dont repair and repent.' This seemingly simple sentiment hints at a universally understood and applied concept be pro-active, rather than reactive. Now, lets put this theory to work.
U.S. hotel occupancy rose 2.4% to 69.9% during the week of 7-13 April, while ADR increased 4.4% to $136.25 and RevPAR rose 6.9% to $95.22.
During the week of 7-13 April, Canadian hotel occupancy rose 3.2% to 64.1%, ADR increased 4.4% to 153.05 Canadian dollars ($114.37) and RevPAR rose 7.6% to CA$98.09 ($73.30).
Major public hotel companies recently released their year-end 2018 performance data. Of the 61 brands that report RevPAR statistics, most enjoyed an extended period of high occupancy levels and modest rate growth in 2018.