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- 1. STR Reports Asia Pacific Hotel Results for January 2015; Bangkok RevPAR Up 35.5%
According to data compiled by STR Global, hotels in the Asia Pacific region experienced mixed year-on-year results in the three key performance metrics during January 2015 when reported in U.S. dollars. Hotel occupancy rates in the region grew 4.9% to 64.7% in January 2015; ADR dropped 7.2% to US$111.50; and RevPAR decreased 2.7% to US$72.18.
- 2. Hotels in San Francisco Report RevPAR Growth of 20.3%
Among the key markets in the region, hotels in Buenos Aires, Argentina, reported the largest occupancy increase, rising 8.3% to 59.7%. Vancouver, Canada, followed with a 7.2% increase to 57.2%. San Francisco, California, experienced the largest ADR increase, rising 16.9% to US$218.96. The market also reported the largest RevPAR growth, up 20.3% to US$160.37.
- 3. IHG’s Greater China RevPAR Up 29.4% in H1 2010
IHG’s Greater China RevPAR Up 29.4% in H1 2010. InterContinental Hotels Group has reported that RevPAR in the Asia Pacific region increased 13% in the first half, with second quarter growth of 16.1%. Greater China was the strongest performing region with RevPAR growth of 29.4%, boosted by the Global Expo in Shanghai where RevPAR grew by an impressive 48.4%. Revenues increased 29% t
- 4. Hotels in Turin beat Italian RevPAR Decline in October 2008
Hotels in Turin beat Italian RevPAR Decline in October 2008. The latest hotel performance data available from STR Global shows Italian revenue per available (RevPAR) room dropping 20% to €99 in October 2008. Italian hoteliers have seen declines in RevPAR since May 2008, and October was no different as Turin was the lone major city to report RevPAR growth - up 18%.
- 5. Hotels in Phoenix (Arizona) Report 42.1% Increase in RevPAR
According to data from STR, hotels in the U.S. reported positive results in the three key performance metrics during January 2015. In year-on-year results, the U.S. hotel industry’s occupancy was up 4.2% to 54.4%; ADR rose 4.3% to US$113.32; and RevPAR increased 8.6% to US$61.63.
- 6. Liverpool beats Falling UK RevPAR Trend
Liverpool beats Falling UK RevPAR Trend. Of all UK cities, Liverpool is a shining exception. Liverpool reported the 16% RevPAR growth to #56 for year-to-September. Both occupancy (79%) and average room rates (#71) benefited. Liverpool increased RevPAR by 3% in October and 26% for the first nine days in November-due in part to hosting the MTV European Music Awards on 6 November.
- 7. RevPAR Premium Declines for Dubai’s Beach Hotels
RevPAR Premium Declines for Dubai’s Beach Hotels. Dubai has suffered dramatically compared to the overall Middle East region as a result of the recent economic crisis. The year-on-year percentage change in revenue per available room (RevPAR) through March 2009 declined 35.9% in Dubai, driven mainly by falls in average daily rate (ADR); RevPAR decline for the entire region was only
- 8. STR Forecasts RevPAR Growth for Remainder of 2011
STR Forecasts RevPAR Growth for Remainder of 2011. RevPAR growth between 10.5% (Cologne) and 24.7% (Hong Kong) is forecast for all 10 of the best performers in 2011. The forecast for the best performers in 2012 has RevPAR growth within a range from 6% (London) to 9.6% (Singapore).
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