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- 1. Hotels in U.S. Report Strong RevPAR Growth
Among the Top 25 Markets, 16 of the top markets recorded double-digit RevPAR growth in September. New Orleans, Louisiana, rose 23.8% to US$87.64, reporting the largest increase in that metric, followed by Detroit, Michigan (+21.5% to US$65.06), Seattle, Washington (+20.4% to US$127.42), and Atlanta, Georgia (+19.3% to US$65.25). None of the top markets experienced a RevPAR decrease
- 2. STR Reports September 2014 Asia Pacific Hotel Performance; Bangkok RevPAR Down 11%
In September 2014, the region’s occupancy rose 0.9% to 69.2%; ADR fell 2.2% to US$112.31; and RevPAR was down 1.3% to US$77.67. Year-to-date September 2014 when reported in U.S. dollars, the Asia Pacific region’s occupancy rose 0.8% to 68.1%; ADR fell 2.4% to US$116.15; and RevPAR decreased 1.6% to US$79.07.
- 3. MEA Reports 14.5% Increase in RevPAR for September 2014
According to data compiled by STR Global, hotels in the Middle East/Africa region reported positive performance during September 2014 when reported in U.S. dollars. In September, in year-on-year comparisons, the region reported a 13.1% increase in occupancy to 65.5%, a 1.3% increase in ADR to US$145.12 and a 14.5% increase in RevPAR to US$94.99.
- 4. Three Markets in Europe Report RevPAR Growth of Over 30%; Moscow Hit Hard
Three markets in Europe achieved ADR growth of more than 15.0%: Edinburgh, Scotland (+30.2% to EUR133.75); Madrid (+29.6% to EUR107.91); and Manchester, England (+16.8% to EUR97.30). Three markets experienced RevPAR increases of more than 30.0%: Madrid (+46.7% to EUR85.31); Athens (+33.4% to EUR98.62); and Edinburgh (+32.1% to EUR123.98).
- 5. IDeaS Pricing System Helps Anantara Hotels Achieve 15% RevPAR Growth
Anantara Hotels, Resorts & Spas has achieved an average year-on-year RevPAR increase of 14.86% following the adoption of the IDeaS Pricing System in 17 of its hotels across Asia. The IDeaS Pricing System has helped Anantara increase efficiency and accuracy around pricing decisions which has helped the group achieve significant growth of 17.31% in ADR revenue.
- 6. 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
- 7. 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%.
- 8. 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.
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