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  • STR releases updated forecasts through 2011

    Published: 2009-11-24 09:10:22

    As part of its monthly forecast program, STR is projecting the U.S. hotel industry will report increases in all three key metrics in 2011. STR’s forecast projects 2011 occupancy to be up 2.4 percent to 56.2 percent, average daily rate to increase 3.0 percent to US$96.81, and revenue per available room to jump 5.5 percent to US$54.41.

  • STR reports US performance for week ending 14 November 2009

    Published: 2009-11-23 10:05:21

    The U.S. hotel industry posted declines in all three key performance measurements during the week of 8-14 November 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 6.4 percent to end the week at 52.6 percent. Average daily rate dropped 9.9 percent to finish the week at US$95.86. Revenue per available room for the week decreased 15.7 percent to finish at US$50.47.

  • US airport hotel performance mixed | By Bobby Bowers (STR)

    Published: 2009-11-23 10:00:32

    Smith Travel Research classifies nearly 2,200 U.S. hotels representing about 301,000 rooms as “airport” locations. These hotels usually are within three miles of an airport and primarily serve demand generated by airport traffic. Based on the 12 months ending September 2009, airport hotels generated more than US$6 billion in room revenue, about 6 percent of the U.S. total. More than 40 percent of airport hotel rooms are classified as upper-upscale or upscale, with another 18 percent falling into the midscale-without-food-and-beverage segment.
    http://www.hotelnewsnow.com/Articles.aspx?ArticleId=2251

  • HVS EMEA Hospitality ENews - Week Ending 20 November 2009

    Published: 2009-11-23 09:31:36

    Crimson Hotels Group Acquires a Park Inn | A New Courtyard For Rome | Sol Meliá's Grand Tour | Indigo To Debut In Russia | A New Hotel For The Palm Jumeirah | Ramada To Open Hotel Number Three In Mecca | Travelodge's New Hotel In Newquay | Kiessling’s Corner

  • RevPAR down 19.2 percent, but worst should be over for Europe | Deloitte Reports

    Published: 2009-11-19 13:05:53

    A report produced quarterly by Deloitte, the business advisory firm, has found that year-to-September hotel performance fell across Europe. Revenue per available room (revPAR) performance in European hotels was down 19.2% to €58. This decline was driven by a 12.3% drop in average room rates to €108, while occupancy levels fell to 61.6%.

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