Hospitality Sales and Marketing Association International
Hospitality Sales and Marketing Association International
 
Hospitality Sales and Marketing Association International
research reports

2016

August

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STR: US hotel results for week ending 20 August
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 14- 20 August 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy was nearly flat (+0.3% to 71.3%). Average daily rate increased 3.2% to US$124.11, and revenue per available room grew 3.6% to US$88.50. Among the Top 25 Markets, Detroit, Michigan, recorded the only double-digit increase in occupancy (+11.4% to 79.3%) as well as the largest increase in RevPAR (+18.5% to US$80.53). ADR in the market was up 6.4% to US$101.53.Four additional markets experienced a double-digit RevPAR lift for the week: Norfolk/Virginia Beach, Virginia (+14.1% to US$101.83); Tampa/St. Petersburg, Florida (+14.1% to US$72.25); Nashville, Tennessee (+12.9% to US$103.79); and Los Angeles/Long Beach, California (11.8% to US$174.07).Los Angeles/Long Beach posted the largest rise in ADR, up 9.8% to US$196.63. Oahu Island, Hawaii (+8.5% to US$244.96), ranked second in year-over-year ADR percentage change.Houston, Texas, reported the largest decreases across the three metrics. Occupancy fell 15.5% to 57.3%; ADR was down 6.0% to US$98.72; and RevPAR dropped 20.6% to US$56.60.New Orleans, Louisiana, and Boston, Massachusetts, reported the only other double-digit decreases in the three key metrics. RevPAR in New Orleans declined 12.7% to US$53.97, and RevPAR in Boston fell 11.1% to US$155.28.A note to editors: As of 1 March 2016, all references to STR data and analysis should cite \"STR\" as the source. Please refrain from citing \"STR, Inc.\" \"Smith Travel Research\" or \"STR Global\" in sourcing as those names no longer fit within the updated STR brand.Additional Performance DataAre you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises nearly 55,000 hotels and more than 7.4 million hotel rooms around the globe. Please refer to the contacts listed below for additional

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STR: Central/South America hotel performance for July 2016
Hotels in the Central/South America region recorded mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to July 2016 data from STR.Compared with July 2015, the Central/South America region reported a 4.9% decrease in occupancy to 56.7%. Average daily rate (ADR), however, increased 10.1% to US$89.84, and revenue per available room (RevPAR) grew 4.7% to US$50.93. Performance of featured countries for July 2016 (local currency, year-over-year comparisons):Ecuador reported decreases across the three key performance metrics. The country's occupancy fell 13.0% to 59.4%; ADR was down 6.8% to US$97.20; and RevPAR dropped 18.9% to US$57.76. According to STR analysts, Ecuador's economy is heavily dependent on the oil industry. With crude oil prices down, and Ecuador being the only fully dollarized South American market, the country has become less competitive for exports compared with neighboring nations like Colombia and Peru. The pair of earthquakes that hit the country's coast on 11 July also affected performance. Panama experienced increases in occupancy (+5.0% to 51.6%) and RevPAR (+1.4% to PAB49.22), whereas ADR dropped 3.4% to PAB95.36. Occupancy has increased year over year for six of the seven months in 2016, while ADR has decreased in five of the seven months. STR analysts believe that the country has become a more attractive tourist destination, as evidenced by a 6.0% year-to-date increase in Transient demand and a 2.9% rise in Group demand.Peru recorded nearly flat occupancy (+0.2% to 65.8%) as well as increases in ADR (+5.2% to PEN442.12) and RevPAR (+5.4% to PEN290.94). The absolute occupancy followed a trend of the last several months, while the rise in ADR is likely due to a 5.6% demand increase in the Luxury and Upper Upscale segments.Performance of featured markets for July 2016 (local currency, year-over-year comparisons):In the month prior to hosting the Summer Olympics, Rio de Jane

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London hotel prices drop by 16% this month
Hotel prices have fallen in major cities across the UK this month, according to the trivago Hotel Price Index (tHPI), recorded monthly by hotel search websitetrivago.co.uk. In comparison to July, London hotel prices have dropped by 16 per cent, from an average of 171 in July to an average of 143 during August. The only exception is Edinburgh, which hosted the International and Fringe festivals this month and subsequently saw a 35 per cent increase in hotel prices, from 150 per night in July to 202 in August.

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STR: Asia Pacific hotel performance for July 2016
Hotels in the Asia Pacific region recorded mostly positive results in the three key performance metrics when reported in U.S. dollar constant currency, according to July 2016 data from STR.Compared with July 2015, the Asia Pacific region reported a 2.8% increase in occupancy to 72.1%. Average daily rate (ADR) was nearly flat (-0.3% to US$96.62), while revenue per available room (RevPAR) grew 2.4% to US$69.68.Performance of featured countries for July 2016 (local currency, year-over-year comparisons):India recorded positive performance figures across the three key performance metrics: occupancy (+6.4% to 61.9%), ADR (+3.0% to INR5,068.31) and RevPAR (+9.6% to INR3,139.32). According to the India Ministry of Tourism, International visitors to the country increased 17.1% compared with July 2015. Bangladesh, the United States and the United Kingdom represented the top three feeder markets.Singapore reported mostly flat performance in the three metrics: occupancy (+0.4% to 87.8%), ADR (-1.0% to SGD276.97) and RevPAR (-0.6% to SGD243.16). July events in the country included Singapore International Water Week (10-14 July) and the World Cities Summit (10-14 July). A 4.3% rise in supply placed pressure on ADR, according to STR analysts. The Upper Midscale class posted the highest supply increase (+8.6%).South Korea saw significant increases in occupancy (+41.6% to 76.1%) and RevPAR (+38.1% to KRW126,633.06). ADR in the country was down 2.4% to KRW166,423.59. The performance was mainly due to a low comparison base with July 2015 when the country's hotel industry was negatively affected by the Middle East respiratory syndrome outbreak. In addition, the 76.1% absolute occupancy level marked South Korea's highest July occupancy figure since 2013. Year to date in 2016, South Korea's occupancy is up 11.0% compared with the first seven months of 2015, while ADR is down 4.9% for the same time period.Vietnam posted growth in each of the three metrics. Occupancy in t

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STR: Middle East and Africa hotel performance for July 2016
Hotels in the Middle East reported mixed results in July 2016, while hotels in Africa posted positive results in the three key performance metrics when reported in U.S. dollar constant currency, according to data from STR.Compared with July 2015, the Middle East recorded a 4.8% rise in occupancy to 58.0%. However, average daily rate (ADR) was down 15.9% to US$161.82, and revenue per available room (RevPAR) fell 11.9% to US$93.88. Africa experienced a 4.6% increase in occupancy to 56.9%, a 10.8% rise in ADR to US$103.42 and a 15.9% spike in RevPAR to US$58.89.Performance of featured countries for July 2016 (local currency, year-over-year comparisons):Kuwait recorded increases across the three key performance metrics: occupancy (+5.1% to 38.0%), ADR (+0.8% to KWD66.36) and RevPAR (+5.9% to KWD25.21). Performance was primarily driven by a 25.9% increase in occupancy in the Kuwait Area submarket. However, in the Kuwait City submarket, occupancy fell 3.8%.Qatar reported decreases in each of the three metrics. Occupancy in the country fell 6.6% to 53.3%; ADR was down 0.8% to QAR491.68; and RevPAR dropped 7.3% to QAR261.93. According to STR analysts, the month's performance was mostly affected by an 8.0% year-over-year increase in supply.Tunisia posted a significant spike in both occupancy (+116.7% to 55.3%) and RevPAR (+100.1% to TND103.37), while the country's ADR dropped 7.7% to TND187.00. In the comparable month from last year, Tunisia's occupancy level was just 25.5% following the terrorist attack in Sousse the previous month. Despite the stark year-over-year percentage changes, the absolute occupancy level for July 2016 was actually the highest for any month in Tunisia since October 2014. STR analysts attribute the performance to security efforts in the country and campaigns focused on regaining tourism business. Lower rates also may have played a role in a 114.5% year-over-year increase in demand.Performance of featured markets for July 2016 (local

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STR: Europe hotel performance for July 2016
Hotels in Europe recorded mostly positive results in the three key performance metrics when reported in euro constant currency, according to July 2016 data from STR.Compared with July 2015, Europe reported nearly flat occupancy (-0.4% to 76.7%). However, average daily rate was up 3.9% to EUR118.80, and revenue per available room increased 3.5% to EUR91.17.Performance of featured countries for July 2016 (local currency, year-over-year comparisons):Germany reported a 0.7% decrease in occupancy to 72.5%, but a 3.0% rise in ADR to EUR92.92 pushed a 2.3% increase in RevPAR to EUR67.38. Transient demand increased 4.9% in July, with notable growth in the Upscale segment (+13.5%).Poland posted a 3.1% increase in occupancy to 77.3% as well as double-digit growth in ADR (+18.8% to PLN292.90) and RevPAR (+22.5% to PLN226.46). The top performing Polish markets were Poznan, with a 27.3% increase in occupancy, and Krakow, with a 42.0% increase in ADR. Poznan hosted the 24th World Congress of Political Science on 23-28 July. Krakow hosted World Youth Day on 25-31 July.Portugal recorded a 2.8% rise in occupancy to 83.4% along with double-digit increases in ADR (+10.7% to EUR121.89) and RevPAR (+13.9% to EUR101.66). Hotels in the Upper Midscale class posted the strongest growth levels, with a 6.0% increase in occupancy and a 13.5% rise in ADR.Performance of featured markets for July 2016 (local currency, year- over-year comparisons):London, England, reported its first month of the year with noticeable RevPAR growth (+4.0% to GBP137.19). The market recorded nearly flat occupancy (+0.1% to 88.2%) but an increase in ADR (+3.8% to GBP155.47) helped by the 2016 Wimbledon Championships (27 June to 10 July) and the biennial Farnborough International Airshow (11-17 July). The Luxury class was the top performing segment (RevPAR +8.1%) for the month.Madrid, Spain, experienced a 2.0% drop in occupancy to 65.4%, but a 4.4% rise in ADR to EUR90.06 drove RevPAR up 2.3% to EUR58.8

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The Austrian Tourism Market - Horwath Special Market Report
Austria offers an exciting and rich variety of tourist attractions to its visitors: modern cities, beautiful nature and well-preserved cultural highlights. The so-called \"Alpenrepublik\" is also home to many international events such as the Salzburg and Bregenz Festival or the Opera Ball and Life Ball in Vienna. Austria is an attractive year-round tourist destination and welcomed almost 40 million overnight visitors in 2015. Since 2000, tourism arrivals have increased by a total of 49% and overnight stays by 19% to reach new record levels.

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Global tourism GDP resilient this year, but woes for France, Turkey | reuters.com
Travel and tourism will contribute less than previously forecast to the economies of France, Turkey and Brazil this year, hit by attacks, political and economic turmoil, though globally the sector is resilient, the World Travel and Tourism Council said. Brazil is hosting the Olympic Games this year but its travel and tourism sector has suffered under a political crisis, its worst recession since the 1930s, and the Zika virus. The sector's contribution to Brazil's gross domestic product (GDP) is expected to shrink by 1.6 percent this year, against a previous forecast for a drop of 0.9 percent, the WTTC said.

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STR: US hotel performance for July 2016
The U.S. hotel industry reported mixed results in the three key performance metrics during July 2016, according to data from STR.Compared with July 2015, the U.S. hotel industry's occupancy decreased 1.0% to 74.4%. However, average daily rate for the month was up 3.6% to US$128.77, and revenue per available room grew 2.5% to US$95.81.\"July supply growth crept up 1.6%, and demand growth slowed to an anemic 0.6%basically no growth at all,\" said Jan Freitag, STR's senior VP for lodging insights. \"Math then dictates that occupancy has to decline by 1%, but luckily, there was a bit of pricing power (ADR +3.6%). This month's occupancy decline is the sharpest this year, but the ADR growth is the highest (tied with February and June).\"Freitag also noted that U.S. RevPAR has grown in year-over-year comparisons for 77 consecutive months, and July demand was the highest for any month on record at more than 117 million roomnights sold.Among the Top 25 Markets, Philadelphia, Pennsylvania-New Jersey, posted the largest year-over-year increases in each of the three metrics. Occupancy in the market rose 6.2% to 78.6%; ADR was up 30.5% to US$158.53; and RevPAR increased 38.6% to US$124.57. Philadelphia hosted the Democratic National Convention on 25-28 July.Other top RevPAR percentage changes were reported in Tampa/St. Petersburg, Florida (+9.8% to US$83.93); Norfolk/Virginia Beach, Virginia (+8.3% to US$105.39); and Los Angeles/Long Beach, California (+7.1% to US$163.29).Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy in the market fell 12.8% to 61.2%; ADR was down 8.8% to US$95.71; and RevPAR dropped 20.5% to US$58.60.New Orleans, Louisiana, reported the next largest year-over- year decrease in RevPAR (-6.6% to US$85.40).Outside of Philadelphia and Houston, no other Top 25 Market reported a double-digit increase or decrease in the metrics.\"The Top 25 Markets are seeing the majority of new supply (+2.1%), so t

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HotStats MENA Chain Hotels Market Review June 2016
Profit Conversion at Dubai Hotels Hits Low as Summer Begins Profit conversion at hotels in Dubai fell to just 6.0% of total revenue in June as the combination of Ramadan and the start of the peak holiday period contributed to declining demand levels, according to the latest data from HotStats.

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HotStats European Chain Hotels Market Review June 2016
Profit Levels at Milan Hotels Realigning After Bumper Expo YearProfit per room at hotels in Milan fell by 38.3% this month as top and bottom line performance fell back towards historic levels following the huge boost in 2015 as a result of the city hosting the Expo Milano, according to the latest data from HotStats.

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HotStats UK Chain Hotels Market Review June 2016
Rooms Department Profit on the Slide at North East Hotels Year-on-year profit per room in the Rooms department at North East hotels fell by 7.2% in June as a result of a drop in Rooms revenue and rising departmental costs, according to the latest data from HotStats.

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Terrorism fears up stakes for tourism as Europe travel falls off a cliff' | cnbc.com
Paris. Nice. Brussels. Orlando. Istanbul. Venezuela. Brazil. Baton Rouge. Dallas. The list of places around the world touched by terrorism, violence, rising crime rates and health alerts continues to grow, along with the impact on the travel and tourism industry. In 2015, the sector contributed an estimated $7.2 trillion to the world's economic output and supported more than 284 million jobs worldwide, according the World Travel & Tourism Council.

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July

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STR: Mexico hotel performance for Q2 2016
The Mexican hotel industry reported mostly positive results in the three key performance metrics for the second quarter of 2016, according to data fromSTR.Compared with Q2 2015, the Mexican hotel industry's occupancy was mostly flat (-0.5% to 63.3%). However, average daily rate was up 15.8% to MXN2,079.87, and revenue per available room grew 15.2% to MXN1,317.20.\"Performance was pretty similar to the first quarter with a weakened Peso as the main reason behind Mexico's hotel success,\" said Fatima Thompson, STR's associate director of business development, hotels. \"Based on proximity alone, Mexico gains a lot of travelers from the U.S. But a lot of people realize that now is a good time to take advantage of the value, and hoteliers have capitalized with increased rates. It will be interesting to monitor the impact of Brexit on the Peso and ultimately the hotel industry in Mexico.\"Among the key markets in the country, Northwest Mexico posted the largest spike in RevPAR (+52.3% to MXN1,432.36), driven primarily by the country's largest increase in ADR (+49.2% to MXN2,355.25). Occupancy in the market was up 2.1% to 60.8%.Mexico City experienced the largest rise in occupancy (+8.3% to 70.7%). That coupled with a 19.9% increase in ADR to MXN2,486.43 pushed RevPAR up 29.8% to MXN1,758.07.The only decreases in any of the three key performance metrics were reported in the Yucatan Peninsula (occupancy -6.4% to 69.1%) and Northeast Mexico-Monterrey (occupancy -0.2% to 65.6%).\"The country as a whole is such a great deal, it appears as if people are exploring areas outside of the always popular destinations.\"A note to editors: As of 1 March 2016, all references to STR data and analysis should cite \"STR\" as the source. Please refrain from citing \"STR, Inc.\" \"Smith Travel Research\" or \"STR Global\" in sourcing as those names no longer fit within the updated STR brand.Additional Performance DataAre you a member of the media looking for pe

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STR: Canada hotel performance for Q2 2016
The Canadian hotel industry reported positive results in the three key performance metrics for the second quarter of 2016, according to data from STR.Compared with Q2 2015, the Canadian hotel industry's occupancy was nearly flat (+0.4% to 67.1%). Average daily rate was up 2.5% to CAD146.90. Revenue per available room increased 2.9% to CAD98.62.Among the provinces, Prince Edward Island recorded the largest year-over-year increases across the three key performance metrics. Occupancy in the province rose 10.0% to 58.7%; ADR was up 6.6% to CAD137.61; and RevPAR grew 17.3% to CAD80.82.The only other double-digit increase came in Nova Scotia, where RevPAR was up 14.7% to CAD91.63.Alberta experienced the steepest declines in occupancy (-7.8% to 57.3%) and RevPAR (-11.1% to CAD82.79).Saskatchewan reported the largest drop in ADR (-4.7% to CAD127.50) and the only other double-digit decline in RevPAR (-10.2% to CAD72.92).A note to editors: As of 1 March 2016, all references to STR data and analysis should cite \"STR\" as the source. Please refrain from citing \"STR, Inc.\" \"Smith Travel Research\" or \"STR Global\" in sourcing as those names no longer fit within the updated STR brand.Additional Performance DataAre you a member of the media looking for performance data for a hotel market not included in this release? STR's sample comprises more than 54,000 hotels and 7.3 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

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How hoteliers can capitalize on Twitter’s evolution

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Horwath Special Market Report: Sydney Market Overview
Australia's hotel markets saw mixed results in 2015. Sydney and Melbourne continue to perform well while the resource heavy cities of Darwin, Brisbane and Perth all posted drops in RevPAR. In 2015 Sydney was the best performing hotel market in Australia, recording an occupancy of 85% and an ADR of A$212. After a number of years of almost no supply growth, new properties are finally entering the market. Robust economic growth coupled with rising domestic and international tourism numbers should see demand for rooms continue to grow, offsetting the supply increases. 2016 is set to be another strong year for Sydney's hotel market, with RevPAR likely to grow 1.7% to A$184. Overall we forecast RevPAR to grow at a robust CAAG rate of 2.9% in the years to 2020.

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Hotel Profit Implications from Rising Wages and Inflation in the U.S. | By Jack Corgel
Macroeconomic models based on the Phillips Curve predict that as the unemployment rate declines toward the long- run, natural rate, the pace of wage and price growth accelerates and inflation rises.1 In this paper I analyze the profitability prospects for the U.S. hotel industry in today's relatively volatile economic environment, keeping in mind the Phillips Curve's general principle that inflation and employment have an inverse, but relatively stable short-term relationship. Although employment and economic growth in the U.S. have been uneven in recent months, the unemployment rate has declined to less than 5 percent, which many economists believe is close to the natural rate. Growth in wages and salaries, as measured by the Employment Cost Index, has concurrently been moving upward between 2.5 and 3.0 percent during the past 12 months. At the same time, general inflation remains below levels that might typically be expected this late in the cycle, although core inflation is bumping up against the Federal Reserve's 2- percent target. If the inflation rate continues to move upward as predicted by Phillips Curve models (and encouraged by the Federal Reserve), rising labor costs and other expenses will exert downward pressure on U.S. business profits. Backward movement up the Phillips Curve (with greater inflation) coincides with an expanding economy. In that scenario, prices of goods and services also will rise in real terms if their supply cannot keep up with demand, and producers have the ability to raise prices (absent fixed-price contracts such as leases).

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HotStats MENA Chain Hotels Market Review May 2016
Despite significantly reducing both overhead and labour costs, hotels in Abu Dhabi were unable to offset the decline in revenue across the major operating departments this month and as a result year-on-year profit per room dropped by 6.9%, according to the latest data from HotStats.

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HotStats UK Chain Hotels Market Review May 2016
The 2.6 % year-on-year increase in profit per room this month contributed to a 3.4% year-to-date uplift and the ongoing positive story of bottom line growth at hotels in the South West, according to the latest data from HotStats. The South West has been one of the strongest performing regions in recent years, with profit per room increasing by 36.9% in the last 36 months, to 31.24 in the 12 months to May 2016 from 22.82 in the 12 months to June 2013.

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HotStats European Chain Hotels Market Review May 2016
Hotels in Dublin recorded a 26.2% year-on-year increase in profit per room in May driven by continued significant top line growth, according to the latest data from HotStats. On the back of record visitor numbers and spend as well as significant year-on-year GDP growth in 2015, the demand profile of Dublin continues to be positive in 2016, enabling hotels in the Irish capital to record particularly high room occupancy levels, averaging 84.9% in the 12 months to May 2016.

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May

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As Current Cycle Matures, Hotel RevPAR Growth Decelerates According to PwC US
Occupancy levels at US hotels have begun to stabilize after reaching peak levels in 2015, according to Hospitality Directions, the lodging forecast released today by PwC US. Coming off the heels of a lackluster performance for the US lodging sector in Q4 2015, average daily rate (\"ADR\") growth in the first quarter was the lowest since Q4 2013. While overall demand conditions in the US are expected to remain positive, driven, in part, by firming group travel, increasing supply growth is expected to contribute to stabilizing occupancy levels. Average daily rates are expected to continue to increase, but at a slower pace than previously expected, impacted, in part, by lower growth in the overall economy. The estimates from PwC are based on a quarterly econometric analysis of the lodging sector, using an updated forecast released by Oxford Economics in May and historical statistics supplied by STR and other data providers.

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M-Commerce, youth feed China's outbound travel boom - PhocusWright Report
Chinese travelers are relatively inexperienced with overseas trips, but thanks to decades of increasing prosperity, along with the recent easing of visa restrictions, they are making up for lost time. If recent adverse economic events have Mainland households protecting their savings, overseas travel does not seem to be the first budget item to be trimmed, according to a new report from travel industry research authority, Phocuswright. Chinese travelers spent US$205.7 billion, or 1.3 trillion, on outbound trips in 2015.

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April

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Overview of tourism and the hotel industry in Mauritius [Infographic]
Discover our infography about tourism and the hotel industry in Mauritius, an extract from our report \"Mauritius: the rising star of the Indian Ocean keeps shining\".

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Courchevel: reaching for the top [Infographic]
Courchevel, a ski resort of superlatives, made a place for itself in the ranks of global elite luxury destinations. Performances for the 2015/2016 season, trends and future developments: portrait of a hotel market that keeps reaching new peaks.

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March

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PwC report: Hospitality investment strategies in Greece
The new study of PwC Greece \"Hospitality Invetsment Strategies in Greece\" provides an in depth analysis of the hospitality industry and suggests three strategies for development. Greece is a significant global tourist destination and its direct contribution to the country's GDP exceeds 7%. The hospitality industry has been growing fast and systematically in the last three years, but it is not particularly internationally competitive, mainly due to price.

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February

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Whitebridge EMEA Hotels Monitor - Issue 17
Although the political landscape across the region was little changed in the last six months of 2015 in Europe, it remains to be seen what the impact of a new 'ultraconservative' government in Poland will be (which recently nationalised local media and elements of the financial sector). Multiple attacks in Paris on 13 November had major ripple effects across Europe, where even London saw disappointing results in December. The year ended with a spectacular blaze at The Address Downtown in Dubai, but fortunately the cause was poor wiring rather than anything more sinister.

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Travel and Hospitality Industry Outlook - Interview with Deloitte's Guy Langford
Fresh off the back of a robust and dynamic 2015, many travel and hospitality (T&H) companies are heading into 2016 with strong momentum for continued success. But this success is not a given: T&H organizations will need to proactively and effectively respond to a set of evolving challenges around customer and market expectations, data use and integration, recruitment and retention, competitive dynamics, and risk management. In the following interview, Guy Langford, vice chairman and US Travel, Hospitality & Leisure leader, Deloitte & Touche LLP, shares his thoughts on growth opportunities and industry trends T&H companies should be mindful of in 2016.

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The Zika Virus - An Evolving Risk to the Lodging Industry | By Brett Edgerton
The recent outbreak of the Zika virus in the Americas has raised global concerns about the health threats posed by the virus. On February 1, 2016, the WHO declared the microcephaly cases and other neurological disorders reported in Brazil as a result of Zika infections to be a public health emergency. Similarly, the Centers for Disease Control and Prevention (CDC) has urged pregnant women to postpone any travel to countries where the outbreak is occurring (see Figure 1 for countries currently at risk). Since mosquitoes are known to carry and spread the virus, Zika has the potential to spread to unaffected countries throughout the Americas, including the United States and parts of Canada. Florida, where the mild climate is ideal for mosquito-borne disease to spread, has declared a state of emergency in five counties where residents have contracted the virus abroad live. There have already been reports of airlines refunding tickets to travelers as tourists seek to avoid active transmission regions. The lodging industry is particularly exposed to the risks caused by short-term health and safety issues like Zika because the industry relies on daily demand rather than long-term leases that shelter other real estate classes from volatility. To gain insight into what effects, if any, the Zika outbreak may have on the hotel industry, we examine past disease outbreaks and industry performance.

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Seven Key Takeaways | The Americas Lodging Investment Summit 2016 (ALIS)
The annual Americas Lodging Investment Summit (ALIS) kicked off the year with insights into hotel transactions, performance, and lending trends. What do experts expect for the industry in 2016? A modest tempering of enthusiasm for development, performance, and the near future of the U.S. hotel industry was prevalent among delegates at the 2016 ALIS conference in Los Angeles, which traditionally sets the tone for the present year of lodging news and forecasts. Forecasts call for a continuing rise in hotel RevPAR and NOI; however, falling oil prices and the decline in REIT stock prices fed into a balance of cautious optimism at the conference. The rise of the U.S. dollar and its impact on foreign travel was at the forefront of many discussions; while gateway markets are being affected, secondary hotel markets are benefiting from the lower cost of gas. Mixed-use developments that integrate hotel components are on the rise. Tighter restrictions on CMBS loans are making large transactions more challenging. Financing for new hotel development remains available, but will likely undergo stricter underwriting. The following are some key takeaways from ALIS 2016. 

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January

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Meetings/Hospitality Industry Riding Crest of Upswing
After a stretch of rapidly rising room rates and increased meetings attendance following the recovery from the Great Recession of 2008, the sense of prosperity felt within the meetings and hospitality industry seems to have plateaued, with hotel room rates expected to rise at a reduced clip and attendance predicted to continue its gradual upward momentum.

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Three Million Rooms Highlights Banner 2015 | hotel-online.com
2015 was a banner year for the US lodging industry. Sector fundamentals have never been stronger, and at this juncture hotel property values have generally exceeded prior peak levels in most markets across the country. Mergers and acquisitions of individual hotels, portfolios, and corporate consolidations occurred at a blistering pace reaching a crescendo with the late year announcements of Marriott International's blockbuster acquisition of Starwood Hotels & Resorts Worldwide, Inc., Accor SA's purchase of FRHI Holdings Ltd which includes Fairmont, Raffles and Swissotel, and Hilton Worldwide Holdings' plan to separate its real estate assets into a publicly traded entity.

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Key West Priciest Destination in Florida, Survey Shows
Key West has just been revealed as the most expensive destination in Florida in which to stay the night. That's according to the latest survey from MiamiHotels.org, which compared 30 destinations in the state based on the cost of lodging.

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2015 results in US strongest on record: STR | hotelsmag.com
Compared with 2014, the U.S. hotel industry's 2015 occupancy was up 1.7% to 65.6%; its average daily rate rose 4.4% to US$120.01; and its revenue per available room increased 6.3% to US$78.67, according to STR Inc. The absolute values in the three key performance metrics were each the highest STR has ever benchmarked.

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Australia: Business confidence lifts despite tough conditions in hospitality sector | hospitalitymagazine.com.au
According to a recent quarterly report from marketing services company Sensis, business confidence in Australia has jumped to its highest level in almost five years, registering a net balance of +39. According to the Sensis Business Index (SBI) survey, more than three times as many small businesses are now confident (57 percent) as opposed to those that are worried (18 percent) about the current economic climate, representing a 12 point rise in confidence among SMEs in the December quarter.

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Positve Operating Leverage Results in Another Year of Hotel Value Gains; Cap Rates Start to Rise | By Suzanne Mellen
Five years of steady cap rates and rising NOI have resulted in significant U.S. hotel asset appreciation. The current economic landscape is likely to cause hotel cap rates to rise in 2016, moderating future value gains.

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PKF Global Economic Insights - January 2016
The performance of U.S. hotels has becoming increasing influenced by changes in the global economy. In this video, Richard Barkham, Chief Global Economist for CBRE, shares his views on the major regions of the world.

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In focus: Budapest, Hungary
This article presents an update on the hotel market in Budapest, discussing hotel demand and supply factors, along with recent performance and investment trends.

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Indian Hotel Industry Survey 2014-2015
The survey, representing 1,295 hotels in various cities across different star categories in India, presents key statistics for the industry. It provides information about financial performance, marketing media usage patterns, guest segmentation, etc.

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Knowledge Center Forecast: U.S. Business Travel to Grow at 'Stable and Steady' Rates in 2016, 2017 | successfulmeetings.com
Despite global economic uncertainty, business travel in the United States will grow at \"stable and steady\" rates over the next two years, according to the latest forecast from the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA).

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In Focus: Cyprus
This article discusses the Cyprus hotel market in terms of supply and demand and analyzes past tourism trends.

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The HVS Greater China Update - 4th Quarter 2015
Economic slowdown continued to affect tourism and hotel markets across Asia in the third quarter.

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Luxury Market Surges In Los Cabos | Travelmarketreport.com
Hoteliers are betting on Los Cabos' reputation as a top destination for luxury travelers, as they continue to bring upscale brands to the area. The good news: it seems to be paying off. The hot spot saw a 14.7% tourism increase in 2015 compared to 2014, welcoming more than 1.5 million tourists a year. Delta Vacations and Aeromexico Vacations bookings to the destination have seen healthy double-digit increases, said Delta Vacations senior vice president of marketing and product development Tina Iglio. Iglio predicts Los Cabos will represent a huge opportunity for travel agents in 2016.

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Hotelbeat London & Regional UK - January 2016
STR Global and Whitebridge Hospitality are pleased to present this updated analysis (first undertaken in 2011) which demonstrates the true state of the hotel sector in London and in Regional UK. The data is based on two constant samples of hotels (totalling more than 25,000 rooms), over an 15-year period (2000-2014), whose performance statistics have been re-based in constant 2014 values ('real terms'). Naureen Ahmed, Manager Marketing & Analysis, STR Global, comments: \"It is reassuring to see the turnaround in UK hotel markets. Demand growth over recent years has driven occupancy and Regional UK hotels have reflected the pick up in the domestic economy through improved performance levels. London has sustained higher levels of performance for many more years, including GOP margins around 50%, even during the recession years.\" Philip Camble, Director of Whitebridge, comments: \"It is encouraging to see Regional UK occupancy return to 'pre-Crunch' levels and GOP levelling off. However, ADR still has some way to go and an ADR-led recovery should result in further consolidation in GOP and, with a fair wind, lead to more solid growth in profits in years to come.

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HotStats UK Chain Hotels Market Review November 2015
Glasgow Hoteliers Missing Their MTV as Year-on-Year Profit Levels Plummet. Year-on-year profit levels at Glasgow hotels fell by 17.2% this month as the city's hoteliers lamented the absence of MTV European Music Awards-related demand which fuelled a 35.1% increase in RevPAR (Revenue per Available Room) this time last year, according to the latest data from HotStats.

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HotStats MENA Chain Hotels Market Review November 2015
Performance levels plunge for Dubai and Sharm El Sheikh hotels. Five and four star hotels in Dubai continued to experience weakening average room rates (ARR) in November, falling 6.9% to US$315.03, whilst occupancy levels remained strong, albeit marginally lower than the same period last year at 84.9%. The 8.1% decrease in revenue per available room (RevPAR) was compounded by significantly lower food and beverage revenues which fell 12.0%, driving total revenue per available room (TRevPAR) 10.9% lower, to US$449.80. Higher operating expenses compounded lower overall revenues, reducing gross operating profit per available room (GOPPAR) by 15.8% to US$214.83.

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HotStats European Chain Hotels Market Review November 2015
Paris Hotels Suffer Profit Drop in Wake of Terrorist Attacks. Year-on-year profit per room at full-service hotels in Paris dropped by 19.0% this month, as the terrorist attacks, which took place on 13 November, were the root cause of a substantial decline in demand for hotel accommodation, according to the latest data from HotStats.

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Development boom propels growth in Sunshine Coast markets
The Sunshine Coast is positioned to become Queensland's next investment hotspot, with the region's property market set to benefit from population growth, a diversifying economy and a swag of new developments. A new CBRE Viewpoint highlights favourable conditions for the Sunshine Coast's commercial property markets, with a number of key drivers aligning the region for a period of major growth.

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Horwath 2015 Poland Report
There are high hopes for Poland to become a leading tourism destination in the future. In 2015 the total number of tourists will amount to 28,49 million and over the next 15 years is expected to increase to 30,64 million annually. Additionally, Poland has a strong domestic tourism market that amounted to 17,2 million visitors in 2014.

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Hotel Market Data Index Shows Miami Region to Experience a 6.31% Increase in Hotel Room Supply in 2016
The total supply of hotel rooms in the Miami-Fort Lauderdale MSA region is expected to increase from 86,000 to 92,000 by January of 2017 as 40 hotels are projected to open over the next 12 months. The Miami growth comes out to a 6.31% increase in hotel room supply, a mark that outpaces the 3.71% projected national growth in 2016. According to the HMD Index, the supply of luxury rooms within the Miami region is expected to increase by 9.10%, and the supply of mid-range hotel rooms is expected to increase by 7.25% over the next 12 months. By January 2017, Hilton Worldwide (NYSE: HLT) will likely see the greatest increase in hotel room supply in the Miami region with 10.42% growth, while InterContinental Hotels Group (NYSE: IHG) is showing the second highest growth forecast at 6.79%. The HMD Index's real-time hotel supply and construction pipeline data is driven by Hotel Market Data's construction reports, profiles, and analytics. Visit www.hotelmarketdata.com/HotelIndex now to sign up for free email notifications for specific US markets, hotel scales, and hotel franchises.

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French Hotel Industry Performance - November 2015
Paris and the Ile de France region were dramatically hit by two terrorist attacks in 2015. The impact on hotel activity is evidently substantial and hotels in this area will finish the year on a lower note. November saw a fall in occupancy in Parisian hotels of all categories compared to the same period 2014. Although the impact appears to have been less strong in regional France, intermediary categories nonetheless recorded lower performances in November 2015, particularly on the Cote d'Azur. Our fears were unfortunately confirmed as Paris suffered a significant drop in occupancy further to November's attacks (a fall of 10,9% to 14,6% depending on the category). Stable average rates limited the drop in RevPAR, although rooms revenue was still affected. Paradoxically, Luxury hotels managed to stabilise or grow RevPAR (+3,3%), although this was an illusion, since November 2014 was not a particularly good month (aggravating the findings for other categories). The rest of the region fared better, and inferior categories (Budget and Super Budget) in certain departments even managed to increase RevPAR. The rest of France suffered to a lesser extent. The Upscale and Midscale categories were the only ones to record fairly significant drops in RevPAR in November 2015: -9,8% for regional Upscale hotels given the combined fall in occupancy and average rates and -9,5% for Midscale hotels on the Cote d'Azur given the significant drop in occupancy. All other categories recorded stable or better performances, confirming the more encouraging pattern recorded over the past few months. Even though we should remain cautious when comparing results against November 2014, year-end performances show a marked increase, with December not likely to reverse the trend. For Super-budget hotels, the months go on and resemble each other. Maintaining a +1,5% increase in average rates since the start of the year has not been sufficient to offset declining occupancy: RevPAR is down

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2015

December

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Hotel Market Data Shows Supply of Hotel Rooms within the US Market Expected to Increase by 3.71% in 2016
Over the next 12 months, the supply of hotel rooms within the US market is forecasted to grow 3.71%. Over 1,100 hotels are being constructed within the next year, resulting in approximately 150,000 new rooms becoming available within the US market in 2016.

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Trivago Hotel Price Index North Africa Trend Hospitality - December 2015
This month the hotel rates of major cities and regions of the North African countries show little change. If Morocco and Egypt see their hotel rates increase by 4% and 2% compared to last month, accuses Tunisia for its 6% decrease including - 11% in Hammamet and Nabeul in the region.

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HotStats European Chain Hotels Market Review October 2015
Hotels in Istanbul suffered a 14.3% year-on-year decline in RevPAR (Revenue per Available Room) for the month of October as a result of declines in both occupancy (-4.3 percentage points) and achieved average room rate (-8.5%), but are fighting hard to maintain profit, according to the latest HotStats data.

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French Hotel Industry Performance - October 2015
As the months go by, the pattern observed thus far is becoming stronger. Although year-to-date performances at the end of October were more or less balanced, October marked a strong decline in almost all categories, compared (true) to a good October 2014. The sharp drop in Ile-de-France hotel performances was decidedly the most striking feature and dragged down average performance in France as a whole.

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November

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HotStats UK Chain Hotels Market Review October 2015
Hotel Profit in Cardiff Surges by 116.5% as Rugby World Cup Fills City. Despite the exit of their home nation in the quarter finals of the tournament, hoteliers in the Welsh capital were wearing broad smiles in October as they recorded a 116.5% year-on-year increase in Gross Operating Profit per Room (GOPPAR) for the month as the city swelled with Rugby World Cup fans, according to the latest data from HotStats.

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The Hague - Market Snapshot, 2015
The Hague is the third largest city in The Netherlands, after Amsterdam and Rotterdam, and the administrative capital of the province of South Holland. The city is the seat of the Dutch government and home to more than 160 international organisations, such as the International Court of Justice, the International Criminal Court and over 100 foreign embassies and consulates.

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Remarkable Boom In The South Florida Hotel Market | By Kathy Conroy
During the September 2015 HVS South Florida Hotel Market Connections (SFHMC) event, one message stood out loud and clear: just when we thought South Florida couldn't get any hotter, it is. Miami-Dade, Broward and Palm Beach hotels are all celebrating record-breaking years in ADR, occupancy and RevPar.

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Mercury Rising on the Spanish Hotel Market - Hotel and Tourism Highlights
This article considers some of the key trends we have seen in both urban and resort markets in Spain over the last few months. We focus more specifically on Madrid and Barcelona, as well as Marbella, Ibiza and Tenerife as prime examples.

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Santa Monica Hotel Market Update
Driven by the tourism and tech industries, Santa Monica's lodging market continues to boom, reaching record levels. Investors are eager to enter the market as they look toward redevelopment and new build opportunities.

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Western European Economy Gathering Steam, Business Travel Experiencing Breakout
Business travel spending in Germany, the U.K., France, Spain and Italy combined will grow at over 6 percent in 2015 and 2016, a leading indicator that the European economy is \"gathering steam\" and is poised for a moderate economic breakthrough. These findings are part of the semi-annual GBTA BTI Outlook Western Europe report, conducted by the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), and sponsored by Visa, Inc. These five markets comprise nearly 70 percent of Western Europe's business travel market. Business travel spending in the countries will grow 6.4 percent in 2015 and another 6.3 percent in 2016. In total, this segment of the Western European business travel market will grow from $186.3 billion USD (140.2 [1] billion) in 2014 to $210.6 billion USD (220.3 [2] billion) in 2016. \"The study shows that the European economy is gathering steam and beginning to put its economic woes in the rear-view mirror,\" said Catherine McGavock, GBTA's Regional Vice President EMEA. \"Business travel is faring even stronger than the moderate economic breakthrough, with double digit spending growth in Germany as well as over 7 percent growth in both the U.K. and Spain this year. Still uncertainties in the global economy present risks to this business travel breakout, leading to a cautiously optimistic outlook for many companies.\" After 2014 proved to be a bounce-back year for Western European business travel, the recovery continues to pick up the pace in 2015 with Germany, the UK and Spain leading the way, according to the report. Germany represents over 20 percent of Western Europe's business travel activity and continues to be the strongest market on the continent. The UK has exhibited some of the strongest performance in the region as improving employment and low energy prices have spurred consumption. Spain continues its impressive economic turnaround and is expecting robust business travel growth th

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Hoteliers Improve Average Daily Rate Performance Despite Weakening Reservation Pace
As hoteliers prepare for the holiday season and head into the new year, hotels in major North American markets are experiencing a strong, improved ADR (average daily rate) performance, according to new data from TravelClick's October 2015 North American Hospitality Review (NAHR).

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HVS Asia Hotel Operator Guide 2015 - Summary
The report provides owners and investors a unique reference about the presence and scale of 53 international operators with 182 brands, across 791 markets and 5,400 properties in Asia. To purchase the full version with operator profiles, click here.

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Room for growth: European cities hotel forecast for 2015 and 2016
2014 was a good year for hoteliers. Europe attracted 22 million more international tourists than it did in 2013. All but two of the markets we look at saw RevPAR growth, and many are breaking records, especially on occupancy.

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HotStats MENA Chain Hotels Market Review September 2015
Dubai and Kuwait hotels experience weakening performance levels. Five and four star hotels in Dubai continued to experience weakening average room rates (ARR) in September, falling 2.3% to US$207.55. Occupancy levels remained stable, albeit marginally lower than the same period last year at 76.6%. The reduction in revenue per available room (RevPAR) was compounded by significantly lower food and beverage revenues which fell 19.0%, driving total revenue per available room (TRevPAR) 8.1% lower to US$282.55. Slightly higher operating expenses compounded the lower overall revenues, reducing gross operating profit per available room (GOPPAR) by 8.7% to US$84.66.

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October

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French Hotel Industry Performance - September 2015
September was encouraging for hotels on the Cote d'Azur and in regional France as they continued to post growth in occupancy and average rates. On the other hand, having stagnated, or even declined, in recent months, Parisian hotels struggled. Although year-to-date performances at the end of September are slightly higher than last year, the final trimester is important in determining 2015's end result.

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Prices Are Dropping: Where Travellers Can Make The Best Bargain
Due to dropping prices for accommodation, low prices for oil, and weak foreign currencies, travelling for a bargain is easier than ever. The price barometer of international booking portal HOTEL INFO shows which destinations cost the least and how accommodation expenses fare within the UK.According to calculations published by the Office for National Statistics (ONS), the Consumer Prices Index (CPI) in the UK has dropped by 0.1% in September 2015*. Especially fuel prices have gone down. Prices for accommodation services, however, have increased slightly, according to studies carried out by the international booking portal HOTEL INFO. Thereby, the accommodation price trends vary drastically from town to town, as can be seen in the latest price barometer.Edinburgh and Coventry decidedly cheaperLondon is represented with a plus of 7.35 %, reaching 144.53, in the latest price barometer, and is therefore still very high-priced. Numerous trade fairs and several events resulted in a high demand for rooms and a high revenue for hotel owners.In Edinburgh, Coventry and Leeds, on the other hand, people could make a bargain. Accommodation costs in the Scottish capital dropped by an average of 16.38 % to 92.54, whereas in the industrial town in the West Midlands they went down by 10.73 % to 74.75, and in Leeds they went down by 7.79 % to 88.91.

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2015 Canadian Hotel Valuation Index
The HVS 2015 Canadian Hotel Valuation Index (HVI) not only releases countrywide hotel values for 2014 but also projects the direction of these values through 2018.

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HotStats UK Chain Hotels Market Review September 2015
Rate Growth Across All Segments Signals Trading Success for East Midlands. Hoteliers in the East Midlands successfully recorded growth across all key market segments this month to fuel a 6.8% year-on-year increase in RevPAR (Revenue per Available Room), according to the latest data from HotStats.

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Global tourism shakes off crises - 23rd World Travel Monitor Forum in Pisa
ITB World Travel Trends Report forecasts rising figures for world tourism Germany remains world champion for outbound trips - Latest surveys by the IPK World Travel Monitor published exclusively by ITB Berlin

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Hamburg - Market Snapshot, 2015
With a population of around 1.8 million, Hamburg is the second most populated city in Germany. Over the last decade, the city underwent major developments, counting two iconic transformations: the successful extension and modernisation of the port which has become the second largest port in Europe in terms of container volume and the ongoing redevelopment of the HafenCity, one of the most important urban conversions in Europe.

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PolyU Study Finds Chinese Luxury Hotels Equalling Foreign Rivals
Domestic travellers in China are equally satisfied with foreign and domestic luxury hotel brands, according to Professor Cathy Hsu of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University in a recently published research article. Considering the brand evaluations of domestic travellers at both foreign and domestic brand luxury hotels, Professor Hsu shows that any previously perceived differences in quality between the two no longer exist. Chinese hotel guests, she writes, are now \"just as satisfied\" when staying at domestic brand hotels as they are when staying at their foreign counterparts. This equivalence has obviously important implications for the Chinese hotel sector.

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Fifty Percent of Holiday Travelers Wait for Last Minute Deals Before Booking
New research from ADARA, the leader in leveraging global travel data to drive future business performance, reveals that there is still time for marketers to influence holiday travelers who are in the planning and pre-purchase modes. TheHoliday 2015 Travel Prediction report shows that in 2014, only half of all holiday flights were booked by November 17, and half of all holiday hotel stays were booked after December 14.

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Passport Stamps and Travel Budgets: Asia Pacific Travellers Taking More Trips, Spending More
Travellers from Asia Pacific are filling up their passport pages at a faster rate than their global counterparts and are now leading the world in leisure travel, according to Visa's Global Travel Intentions Study 20151 (\"Study\").

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Toulouse - Market Snapshot, 2015
Ideally situated in southwestern France, between the Atlantic Ocean and the Mediterranean sea, Toulouse counts 455 000 inhabitants, making it the country's fourth largest city behind Paris, Marseille and Lyon.

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Q3 2015 Greek Hospitality Industry Performance
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socioeconomic developments

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PKF-HR issues U.S. lodging forecast at Historic Hotels of America annual conference
The outlook for the U.S. lodging industry, particularly historic hotels, continues to be extremely strong, according to PKF Hospitality Research (PKFHR is a CBRE company). For the second consecutive year, PKF Hospitality Research, a CBRE Company (PKF-HR) presented a Historic Hotels of America PKF-HR five-year forecast at the Historic Hotels of America annual conference. PKF-HR relies on historical hotel performance data from STR, Inc., and economic forecasts from CBRE Economic Advisors, to prepare its lodging forecasts.

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In Focus: Malaysia - Finding the Silver Lining
The article outlines the performance and outlook of the tourism and hotel industry in Malaysia. Given the strength of the market fundamentals and investment in tourism infrastructure, there's still potential for future growth.

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Africa tourism set for sustained growth
The hotel and tourism industry in Africa is beginning a period of sustained growth, according to the sector's leading experts gathered at the Africa Hotel Investment Forum in Addis Ababa (http://www.Africa-Conference.com).The conference heard that inward international flights were recovering after being hit by the ebola outbreak. And the hotel sector reported significant expansion, as well as increased visitor numbers, boosted by demand from African business.Now in its fifth year, AHIF (30 September to 1 October 2015) brought together 500-plus leading international hotel investors, local operators, ministers, government officials and industry experts from around 40 countries.The immediate good news came from ForwardKeys, which monitors future travel patterns by analysing 14 million reservation transactions each day. Its analysis showed there was an increase of 6.4% in international arrivals in September in Sub-Saharan Africa. The upturn marked a turning point after the ebola outbreak, which had wiped out four years of strong growth.

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HotStats MENA Chain Hotels Market Review August 2015
Dubai and Amman hotels feel the pressure of declining profits. Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1% to US$147.45 for the month compared to the same period last year. Due to a marginal rise in occupancy levels by 0.6 percentage points, the contraction in room revenues was led largely by average room rates (ARR) falling 10.8% to US$196.49. The drop in room revenues also impacted total revenue per available room (TRevPAR) which fell 10.6% to US$271.01. Profitability levels remained under pressure as key operating expenses rose, causing gross operating profit per available room (GOPPAR) to drop by 9.8% to US$69.10.

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HotStats European Chain Hotels Market Review August 2015
Hotels in Budapest Refusing to Slow Down. Hoteliers in Budapest recorded growth of 21.6% in RevPAR (Revenue per Available Room) this month, which contributed to an increase in GOPPAR (Gross Operating Profit per Available Room) of 20.5% as performance in the Hungarian capital goes from strength to strength, according to the latest data from HotStats.

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UNWTO/PATA Report Global Trends Shaping Tourism in Asia-Pacific 2nd Edition
The second edition of the UNWTO-PATA Tourism Updates has been released and is available for free download. The highlight article of this edition is an article headlined: Fifteen global challenges that will determine the \"State of the Future\".

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HotStats UK Chain Hotels Market Review August 2015
Lack of Summer Sun Fails to Dull Spirits of North West Hoteliers. Hotels in the North West sizzled this August despite the soggy summer, recording a 5.2% increase in Revenue per Available Room (RevPAR), to 56.69, which contributed to a 3.8% increase in Total Revenue per Available Room (TrevPAR), to 101.43, according to the latest data from HotStats.

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September

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French Hotel Industry Performance, August 2015
After two months of recovery, August showed mixed results depending on category and location. While \"intermediary\" categories (Midscale, Upscale) resisted well thanks to higher average rates, Superbudget hotels confirmed declines in RevPAR. For higher-end hotels, August's results varied from region to region, resulting in an overall drop in occupancy and rates. Despite all this, August's results must be put in perspective when compared with August 2014 a particularly good month and year-to-date growth, which remains positive.

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Key Takeaways, 4th Annual HVS Hotel Market Connections
The North American hotel industry is still firing on all cylinders, with yearto-date occupancies at an all-time high. While some markets face challenges from new supply, prospects appear healthy in the near term.

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UNWTO/PATA Report Global Trends Shaping Tourism in Asia-Pacific
Bangkok/Madrid The UN World Tourism Organisation (UNWTO) and the Pacific Asia Travel Association (PATA) have joined forces to publish a series of bi-monthly reports highlighting the linkage between the global travel industry and the UN's new Sustainable Development Goals (SDGs).

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HVS Annual Hotel Market Connections Conference Series Highlights Improvements in Hotel Performance, Demand
The annual HVS Hotel Market Connections conference series produced by HVS's Hotel Consulting & Valuation division revealed overall positive trends in supply, demand, performance, and transaction dynamics in top North American hotel markets. Nationwide, occupancy hit a new high in July 2015, surpassing the prior peak set two decades earlier. As demand continues to outpace new supply across the U.S., the upward trend is expected to continue through 2018. As of September, more than 3,500 hotelsapproximately 430,000 roomswere in the planning or construction stages of development in the U.S. For major hotel transactions (representing a price of $10 million or higher), 993 properties totaling 155,275 rooms were sold through the trailing-twelve-month period ending in June 2015. At approximately $250,000, the average price per room has reached an all-time high for these major transactions.

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2015 Hotels in India: Trends & Opportunities
The Trends & Opportunities Report analyses the key hospitality trends, highlighting 13 Indian markets. The report also presents existing and future opportunities in the hospitality industry of interest to investors, developers and hotel operators.

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In Focus: Philippines - A Diamond in the Rough
The Philippines has started to perform closer to its true potential by focusing on growing its BPO and Tourism sectors. This article aims to showcase the country's potential and evaluate current performance given the changes in its tourism market.

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In Focus: Belgrade, Serbia
This market snapshot summarizes the recent tourism trends and developments in the Serbian capital, Belgrade.

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French Hotel Industry Performance, July 2015
Looking at June's results, we had dare hope that the French hotel industry was on the road to recovery July's performance helped confirm our hopes, particularly at the upper end of the scale. The clement weather in July was obviously one reason for this. However, depending on the region and the hotel category, the shift in Ramadan also had a positive effect. The only fly in the ointment was the Budget and Super-budget categories who failed to benefit from this bright spell.

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2015 Manhattan Lodging Overview - 2Q | By Roland deMilleret and Erin S. Bagley
The 2015 HVS Manhattan Lodging Overview examines the effects of up and down economic cycles on Manhattan hotels, reviewing trends in hotel performance, supply, and demand over the past 25 years. The report also provides the most current information available on today's market, as well as forecasts for supply growth and hotel performance.

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HotStats MENA Chain Hotels Market Review July 2015
Abu Dhabi Hotels reported a 27.2% growth in revenue per available room (RevPAR) to US$73.01 in July, driven by a 10.5 percentage point rise in occupancy levels to 60.8%. The improvement in RevPAR can also be attributed to an average room rate (ARR) growth of 5.2% to US$120.05. The rise in room revenues helped offset the decline in food and beverage sales during the month and translated to a 19.9% increase in total revenue per available room (TRevPAR). A growth in overall revenue helped hotels in the city increase gross operating profit per available room (GOPPAR) to US$11.40.

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HotStats European Chain Hotels Market Review July 2015
July was a strong month for Barcelona as the city registered an 18.5% increase in revenue per available room (RevPAR) thanks to a 1.5 percentage point uplift in occupancy combined with a 16.6% growth in average room rate (ARR). Further increases were reported in revenues per available room derived from food (+16.1%), beverage (+14.7%) and meeting room hire (+4.3%) which further supported the total revenue per available room (TRevPAR) growth of 17.1%. A decrease in payroll (-1.7 percentage points) resulted in departmental operating profit per available room (DOPPAR) rising by 21.8% to 198.64 leading to a GOPPAR growth of 24.9% to 151.61.

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PKF Hospitality Research Not Concerned About The Current Tumultuous Stock Market
September 1, 2015, Atlanta, Ga. Recent gyrations on Wall Street may have hoteliers questioning whether this is the beginning of the end to the good times that have characterized the U.S. hotel industry for the past five years. PKF Hospitality Research (PKF-HR), a CBRE Company, does not believe so and is reaffirming its near-to-mid-term forecast for strong lodging financial performance. According to PKF-HR's recently released September 2015 edition of Hotel Horizons, U.S. hotels will continue to enjoy above long-run average revenue per available room (RevPAR) growth through 2018.

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HotStats UK Chain Hotels Market Review July 2015
North East hotels grow bottom lineThe UK provincial hotel market registered positive year-on-year movements across all key performance indicators for the month of July. Hotels in the North East recorded a 3.3% increase in gross operating profit per available room (GOPPAR) according to the latest data from HotStats.

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