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- 1. 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
- 2. 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%.
- 3. 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).
- 4. 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.
- 5. 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
- 6. U.S. Hotel Industry records 0.8% RevPAR Decline in August 2008
U.S. Hotel Industry records 0.8% RevPAR Decline in August 2008. The U.S. hotel industry posted a 0.8% decline in RevPAR for the month of August 2008, according to data from Smith Travel Research (STR). The monthly decrease in RevPAR was precipitated by declining occupancy, while ADR continued to increase.
- 7. U.S. Hotel Industry Reports Highest RevPAR Since August 2008
According to data from STR, the U.S. hotel industry finished June 2011 with the highest revenue per available room since August 2008. In June, the industry reported a 7.8-percent increase in RevPAR to US$68.90. The RevPAR in August 2008 was US$72.14. Overall occupancy for the United States hotel industry increased 4.2% to 67.6% and ADR ended the month up 3.5% to US$101.95.
- 8. Thailand's RevPAR Grows 15.4% in 2012; Samui with Highest ADR and RevPAR
According to STR Global, Thailand's RevPAR grew 15.4% to THB2,232 in 2012. The returning demand levels (+13.3%) helped boost occupancy 10.0% to 69.2% and grew ADR 4.9% to THB3,226. Thailand has been undergoing a strong recovery from recent political turbulences and severe flooding as Bangkok, Phuket, Koh Samui, Pattaya and Chiang Mai illustrated growth in all three performance metr
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