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- 73. Marriott Updates Q4 RevPAR Outlook
Marriott Updates Fourth Quarter RevPAR Outlook. While Marriott International’s fourth quarter 2009 results are not yet available, the company has said it expects fourth quarter 2009 revenue per available room (RevPAR) for comparable systemwide hotels outside North America to have declined 14 to 16% on a constant dollar basis.
- 74. FIFA World Cup to Give Hotels in Moscow 20-30% Growth in RevPAR
According to the latest market forecast from STR and Tourism Economics, Moscow’s hotel industry is projected to see RevPAR growth in the range of 20% and 30% during June and July 2018. A RevPAR increase in that range would be less than the growth realized in Rio de Janeiro (2014) and Johannesburg (2010), key markets for the previous two FIFA World Cup host countries.
- 75. Supply Growth to Stifle U.S. RevPAR in 2010
Supply Growth to Stifle U.S. RevPAR in 2010. STR’s forecast projects 2009 occupancy to be down 8.4% to 55.4% and ADR to decline 9.7% to US$96.43. It projects RevPAR to end 2009 with a 17.1% decrease to US$53.41. Supply in 2009 is projected to increase 3%, while demand is expected to end the year down 5.5%.
- 76. Super Bowl 50 Weekend RevPAR for San Francisco and San Jose Up 233.9% Y-O-Y
According to data compiled by STR, Super Bowl 50 weekend hotel rates in San Francisco and San Jose, California, were the highest of any of the past six Super Bowl host markets. Overall, Super Bowl weekend RevPAR for San Francisco and San Jose was 233.9% higher in year-on-year comparisons. For the two weeks leading up to and including the event, RevPAR increased 34.3%. Of the past s
- 77. Hotels in U.S. Report Q2 2016 Increase in ADR, OR and RevPAR
Compared with Q2 2015, the U.S. hotel industry’s occupancy was almost flat (+0.6% to 69.4%) in Q2 2016. ADR was up 2.9% to US$124.47 and RevPAR increased 3.5% to US$86.33. Three Top 25 Markets experienced a double-digit lift in RevPAR for the quarter: Dallas, Texas (+12.1% to US$80.64); Los Angeles/Long Beach, California (+11.1% to US$140.60); and Nashville, Tennessee (+10.6% to US
- 78. Asia Pacific Hotels Report August 2017 Increase in ADR, OR and RevPAR
In U.S. dollar constant currency, August 2017 vs. August 2016, hotels in Asia Pacific reported an increase in Occupancy of 3.3% to 75.3%, ADR was up 2.3% to US$99.98 and RevPAR jumped 5.7% to US$75.33. In Thailand, Occupancy was up 2.3% to 80.9%, ADR rose 3.5% to THB3,440.35 and RevPAR jumped 5.9% to THB2,782.71.
- 79. Hotels in London Report April 2016 RevPAR Decrease of 3.2%
London has posted year-on-year growth in RevPAR for six consecutive years beginning with 2010. Through April 2016, London’s RevPAR dropped 3.2% to Ł95.60. Although ADR declined moderately (-0.5% to Ł128.34) during that period, occupancy dropped 2.7% to 74.5%. Overall, London has reported year-on-year occupancy declines for each month since November 2015.
- 80. Northern European and Dublin’s RevPAR Continue Decline
Northern European and Dublin’s RevPAR Continue Decline. According to data compiled by STR Global, in March 2009 European RevPAR fell 14% year-on-year, split between declines in both average daily rate (ADR) and occupancy.
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