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25. South African Hotel Managers Optimistic of Continued Growth
South African Hotel Managers Optimistic of Continued Growth. Overall, 84% of participating Hotel Managers thought that Average Room Rate would stay the same or increase (57% thought it would increase) and some 79% of these Hotel Managers thought that Occupancy levels would stay the same or increase, (39% increase, 40% stay the same).
26. China Hotel Profitability Slumps Further
China Hotel Profitability Slumps Further. In Beijing and Shanghai, the two largest hotel markets in the country, GOP levels in 2009 were RMB 86,194 and RMB 119,645 respectively. The Beijing hotel market in particular suffered dramatically recording an occupancy of only 47.5% and an average room rate of RMB 836, which resulted in a RevPAR of only RMB 397.
27. Bangkok Hotels Take a Hit; ADR Growth in Resort Markets
Other key points in the report show that regardless of the unrest, all markets in Thailand managed to make year-on-year gains in average room rate for the first quarter, with the luxury sector making the biggest gains, although at the expense of occupancy. On the supply side, the upscale segment is expected to experience the most significant growth in the country, with the pipeline
28. Pipeline Imbalance Presents Great Opportunities in Russia
Pipeline Imbalance Presents Great Opportunities in Russia. The session addressed whether Russian hotel development had begun to move again after a difficult 2009, where financing was scarce and opportunities were limited. Michael O’Hare talked about the huge disparity in supply of International Hotel Brands compared to demand and how
29. Bali Hotel Supply to Rise by Over 12,000 Rooms
Worldwide attention is set to turn to the island of Bali in October of this year as it prepares to host APEC 2013. A US$200 million upgrade of the gateway airport will see capacity rise to 25 million passengers a year, with other key and much needed infrastructure upgrades including a new toll road and an underpass on a key transport route.
30. STB to Target 12-13 Million Visitor Arrivals in 2011
STB to Target 12-13 Million Visitor Arrivals in 2011. According to Ms. Aw Kah Peng, Chief Executive, Singapore Tourism Board, Singapore is targeting to attract 12 to 13 million visitor arrivals in 2011, bringing in total tourism receipts of approximately Sin$ 22 to 24 billion.
31. Expo Breathes Life Back into Shanghai Hotel Market
Expo Breathes Life Back into Shanghai Hotel Market. Performance results released by STR Global show for the month of May 2010, average room rates reached close to RMB 1,000 – a level not seen since October 2008. The strong year-on-year room rate growth of 29% was aided by a 54% increase in occupancy that saw market-wide occupancy hit 72% for the month, surprisingly the first time
32. China Hotel Industry Expected to Ride on Continued Bullish Economic Growth
ADR levels in the country are recovering, and the national aggregate is now at approximately RMB 478. In 2010, key markets such as Shanghai, Hong Kong and Beijing witnessed ADR growth of 47%, 32% and 28% respectively; with the significant ADR growth in Shanghai largely credited to the Shanghai World Expo held from May to October 2010.. China Hotel Industry Expected to Ride on Conti

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