STR Global's Market Forecast is projecting
mostly year-on-year improvements in RevPAR for the remainder of
2011 with some slowdown expected in 2012 for the 45 markets
The gains will be led mainly through increases
in rate rather than through occupancy increases.
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).
Whilst growth is still expected during
2012, the difficult and relatively fast-changing changes in the
broader economy could very well change the forecast with the next
"We are pleased with the launch of our forecast
product which complements our suite of reports," said Elizabeth
Randall, managing director of STR Global. "The Market Forecasts
are an invaluable tool for decision makers and are extremely
useful for investors and owners looking at the potential
performance of both existing and new markets."
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