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

2017

October

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STR: Central/South America hotel performance for Q3 2017
Hotels in the Central/South America region reported mixed year-over-year results in the three key performance metrics during Q3 2017, according to data from STR.U.S. dollar constant currency, Q3 2017 vs. Q3 2016Central/South America

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European Union Short-Term Tourism Trends
This release of the European Union Short-Term Tourism Trends presents the preliminary data for international tourist arrivals to the European Union (EU-28) in the first half of 2017. It also provides a glance of international tourism expenditure and international tourism receipts for the same period.

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STR: U.S. hotel results for week ending 14 October
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 8-14 October 2017, according to data from STR. In comparison with the week of 9-15 October 2016, the industry recorded the following:

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STR: Asia Pacific hotel performance for Q3 2017
Hotels in the Asia Pacific region reported positive results in the three key performance metrics during Q3 2017, according to data from STR.U.S. dollar constant currency, Q3 2017 vs. Q3 2016Asia Pacific

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STR: U.S. hotel performance for September 2017
The U.S. hotel industry reported positive results in the three key performance metrics during September 2017, according to data from STR. In a year-over-year comparison with September 2016, the industry posted the following:

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For Tourism-Driven Austria, the Hotel Project Pipeline is Key to the Economy [Infographic]
Austria has long had a strong economy, driven by industries such as metallurgical products, textiles, and machinery. In recent decades, the country has become well developed with a high standard of living closely tied to the other economies in the European Union. One industry, however, is more important than all the rest in Austria tourism and hospitality.

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STR: U.S. hotel performance for Q3 2017
The U.S. hotel industry reported positive results in the three key performance metrics during the third quarter of 2017, according to data from STR. Compared with Q3 2016:

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Caribbean Hotel Profits Suffer In 2016
CBRE Hotels Americas Research announced that the average Caribbean hotel in its survey sample suffered a 4.7 percent decrease in gross operating profit (GOP) during 2016, according to its newly released twelfth edition of Caribbean Trends in the Hotel Industry. This decline in profitability follows four consecutive years of double-digit increases in GOP.

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The Hospitality Industry in Poland Begins to Reap the Benefits of Slow-Building Tourist Gains
There is a certain progression that takes place in the hospitality industry when a country becomes a vibrant space for business. First, tourists begin to flock there in increased numbers, thus raising demand for hotels. This draws interest from multiple global brands, which is the second step in the progression. Last, the investors begin to match the interest from the brands, thereby raising the country's profile in global hospitality.

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Horwath HTL LATAM & Caribbean Hotels & Chains Report
Following the great success of Horwath HTL's European Hotels Chains Report, we are pleased to launch the LATAM and Caribbean Hotels & Chains Report 2017. We are confident this report will shed light on each important market, providing transparency and significant help to anyone working in the industry.

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Market Snapshot: Asia Pacific 2017 | By Jeremy Teo, Kyu Baek Kim and Victoria Jia Li Chan
Over the past twelve months from October 2016 to September 2017, HVS has noted close to 240 transactions across Asia Pacific worth approximately US$12 billion. In comparison to the same period the previous year, transaction volume in Asia Pacific has increased by almost 12% with China contributing to 40% of the hotel transaction volume in the region. The largest transaction recorded was the portfolio of over 75 properties under Dalian Wanda China.

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STR: Caribbean/Mexico hotel pipeline for September 2017
STR's September 2017 Pipeline Report shows 42,259 rooms in 241 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 29.3% increase in rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 17,450 rooms in 99 projects In Construction for the month. Based on number of rooms, that is a 25.0% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (24.2% with 10,242 rooms). The Upper Upscale segment accounted for the largest portion of rooms In Construction (23.2% with 4,050 rooms).

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STR: Central/South America hotel pipeline for September 2017
STR's September 2017 Pipeline Report shows 58,410 rooms in 374 hotel projects Under Contract in the Central/South America region. The total represents an 8.4% decrease in rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 25,869 rooms in 162 projects In Construction for the month. Based on number of rooms, that is a 5.5% decrease in year-over-year comparisons. Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (23.7% with 13,826 rooms). Upscale accounted for the largest portion of rooms In Construction (26.3% with 6,803 rooms).

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STR: Middle East and Africa hotel pipeline for September 2017
STR's September 2017 Pipeline Report shows 164,497 rooms in 574 hotel projects Under Contract in the Middle East and 55,349 rooms in 299 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 3.4% increase in rooms Under Contract compared with September 2016. Specifically in the In Construction phase, the Middle East reported 96,694 rooms in 302 projects. Based on number of rooms, that is a 15.9% increase in year-over-year comparisons.

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STR: U.S. hotel pipeline for September 2017
STR's September 2017 Pipeline Report shows 585,248 rooms in 4,886 hotel projects Under Contract in the United States. The total represents a 6.6% increase in the number of rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 188,479 rooms in 1,440 projects. Based on the number of rooms, that is a 5.7% increase in year-over-year comparisons.\"The overall room construction total was down from last month, but outside of Houston, there wasn't a noticeable decline in activity around hurricane-affected markets,\" said Bobby Bowers, STR's senior VP of operations. \"There is still potential for that to change in next month's reporting if damage to existing sites and increased material costs continue to remain a challenge. Regardless, construction activity and the total pipeline remains up year over year just at a lot lower rate of growth compared with 2016.\"Among the Top 26 Markets, New York, New York, reported the most rooms Under Contract (25,607 rooms) and most rooms In Construction (13,533 rooms). Four additional markets each reported more than 15,000 rooms Under Contract for the month: Dallas, Texas (19,312 rooms); Orlando, Florida (16,368 rooms); Houston, Texas(16,266 rooms); and Los Angeles/Long Beach, California (15,023 rooms). After New York, three other markets reported more than 5,000 rooms In Construction: Dallas (7,047 rooms); Nashville, Tennessee (5,497 rooms); and Las Vegas, Nevada(5,125 rooms). \"The impact of new supply coming online is already visible in occupancy rates among the major markets,\" Bowers said. \"Demand in those markets continues to grow at a healthy clip as well, but not enough to lift hotelier pricing confidence.\"

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STR: Europe hotel pipeline for September 2017
STR's September 2017 Pipeline Report shows 170,199 rooms in 1,103 hotel projects Under Contract in Europe. The total represents an 11.5% increase in rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Europe reported 73,675 rooms in 471 projects In Construction for the month. Based on number of rooms, that is a 16.3% increase in year-over-year comparisons.Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (28.2% with 47,948 rooms). The Upscale segment represented the largest portion of rooms In Construction (25.9% with 19,112 rooms).

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STR: Asia Pacific hotel pipeline for September 2017
STR's September 2017 Pipeline Report shows 625,359 rooms in 2,842 hotel projects Under Contract in the Asia Pacific region. The total represents a 7.4% increase in rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. The Asia Pacific region reported 288,850 rooms in 1,241 projects In Construction for the month. Based on number of rooms, that is a 20.9% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.5% with 165,532 rooms) and In Construction (26.4% with 76,223 rooms).

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Uk Tourism Reports Increased International Visitors Number | tourism-review.com
United Kingdom is expected to end the year with 39.7 million international visitors, a record figure that represents a 6% increase over the previous year, when 37.3 million visitors were registered. Along the same lines, the expenditure generated by travelers will be around 29,000 million euros, an increase of 14%, according to forecasts by Visit Britain, the national tourism agency. During the first six months of this year, UK welcomed 8% more international visitors according to Visit Britain. The fall of the pound after the Brexit victory has favored tourism, although Steve Ridgway, chairman of the British Tourist Authority, has claimed that such a competitive industry cannot be built on a weak currency. Tourism is an economic \"potential\" and a major source of jobs across the country as it contributes 127 billion to the British economy, said Ridgway.

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STR: U.S. hotel results for week ending 7 October
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 1-7 October 2017, according to data from STR. In comparison with the week of 2-8 October 2016, the industry recorded the following:

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Project Pipelines in Mexico, Caribbean Booming in 2017 [Infographic]
The project pipelines for some of the sunniest locations in the Western Hemisphere are booming, as Mexico and the Caribbean enjoy a surge of investments in the hospitality industry.

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Maturation of Sub-Saharan Africa Hotel Sector Presents New Opportunities
The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets. This is the overview presented by Xander Nijnens, Executive Vice-President, Hotels & Hospitality Group, JLL Sub-Saharan Africa at the forum attended by leading local and international hotel investors in Africa. Nijnens said, \"This evolution is resulting in increasingly experienced investors developing products that are better suited to address demand, which is providing a clear shift in focus to the domestically driven midscale and budget segments.\"The report confirms hotel operating performance in Sub-Saharan Africa in 2016 and 2017 has been challenging. There is little doubt that the long-term investment case is strong, yet the economic slowdown has impacted demand at a time when new supply growth has been strong in many markets. Nijnens said that while this may be the case, the region is incredibly diverse and opportunities in new markets and new segments are constantly presenting themselves. Supply growth in the sector is continuing, ownership structures are evolving, liquidity is increasing, and many new prospects are becoming apparent in both alternative markets, secondary cities as well as product diversification.Commenting on insight from the sector report, Tom Mundy, Head of Sub-Saharan Africa Research for JLL said, \"Sub-Sahara Africa economies are far from mature, but some are further down the road to maturity than others and as a region we are turning increasingly optimistic on the outlook for the next 12-18 months. While we acknowledge the lack of homogeneity across the region and that some countries will grow at a faster pace than others, we believe that the region has turned a corner after the recent commodity driven slump. Yes, some markets have suffered from fluctuating exchange rates and slumping inward investment, yet others have benefited from more balanced economies, less pol

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STR: Preliminary September data for London hotels
STR's preliminary September 2017 data for hotels in London, England, indicates a year-over-year decline in occupancy levels, but growth in average daily rate (ADR).Based on daily data from September, London reported the following in year-over-year comparisons:

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STR: Preliminary September data for Jeddah hotels
STR's preliminary September 2017 data for hotels in Jeddah, Saudi Arabia, indicates strong performance growth.Based on daily data from September, Jeddah reported the following in year-over-year comparisons:

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STR: Preliminary September data for Berlin hotels
STR's preliminary September 2017 data for Berlin, Germany, indicates an overall performance decline. Based on daily data from September, Berlin reported the following in year-over-year comparisons:

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World tourism remains resilient despite global uncertainties' knock down | By Josephine Wawira
With a 3.6% real GDP growth in Q1 2017, the world economy has remained strong, surpassing the earlier forecast at 3.5% for 2017-2018. This growth, according to Euromonitor International, is and continue to be highly driven by emerging markets which account for approximately 74% of the world's real GDP expansion, and a predicted share of up to 79% by 2020.

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PwC Middle East Economy Watch: Economic growth prospects improve for 2018 after falling short of expectations in 2017
There were high hopes that 2017 would be a turning point for oil exporting nations, as OPEC-led production cuts rebalanced the market. However, the results so far have been less than anticipated:

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STR: Preliminary September data for Sydney hotels
STR's preliminary September 2017 data for hotels in Sydney, Australia, indicates rate-driven performance growth. Based on daily data from September, Sydney reported the following in year-over-year comparisons:

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STR: Preliminary September data for Hong Kong hotels
STR's preliminary September 2017 data for hotels in Hong Kong indicates rate-driven performance growth. Based on daily data from September, Hong Kong reported the following in year-over-year comparisons:

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STR: Preliminary September data for Dubai hotels
STR's preliminary September 2017 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth. Based on daily data from September, Dubai reported the following in year-over-year comparisons:

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OTAs dominate the Chinese travel market
Although the Chinese government has put pressure on China's big airlines to drive more direct bookings, pushing back against the tide will be a mammoth task as EyeforTravel's research finds that the sector has an Online Travel Agency (OTA) penetration of 77.5% for website bookings and 81.2% for bookings made through an app. In contrast, 17.6% of website users reported to EyeforTravel that they booked direct and a slightly lower 12.9% also went direct through an airline app.

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Chronic Shortfall in Supply of Hotels across Africa
According to research undertaken by W Hospitality Group, sub-Saharan Africa, particularly West Africa and East Africa, is chronically undersupplied in terms of branded hotel bedrooms, as the following table shows:

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Horwath HTL Special Market Report: Serviced Apartments in Germany
Horwath HTL Germany have produced our latest market report about the serviced apartment market in Germany.

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Tourism trend in the Middle Kingdom: Chinese outbound travel grows despite decline in trips to Europe
In 2016, China registered a 13 per cent increase in outbound trips city trips and Sun&Beach holidays are becoming more and more important trips to Europe declined ITB Berlin and IPK International analyse outbound travel behaviour of the Chinese

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The African Hotel Report 2017: Nigerian Hotels are the most valuable on the African mainland
Nigerian hotels are the most valuable hotels on the African mainland, according to the African Hotel Report 2017 that will be released at the Africa Hotel Investment Forum in Kigalitomorrow.Despite the economic problems experienced by the market in recent years that have seen values fall by 16.4% in the last two years, average values are the third highest in all of Africa, behind only the Seychelles and Mauritius, according to David Harper of Hotels Partners Africa, the report's author.Nigeria is the most significant hotel market in west Africa, with almost 6,100 branded bedrooms across 41 hotels, with 21 brands (and 14 hotel companies) represented in 9 cities. With a population of almost 192m, growing at an estimated 2.6% per annum and with the largest economy on the continent, it is unsurprising that more hotel projects (61) and more branded bedrooms (10,313) are proposed here than in any other country on the continent. \"This report shows that the hotel industry in Africa is still a very good investment, despite the cyclical nature of the property market. However, good advice is vital to help ensure you make the most of this very promising investment opportunity and avoid some of the potential pitfalls that can ensnare the less experienced hotel investor\".

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The African Hotel Report 2017 Rwanda 8.8% up in 8 years
The Rwandan hotel investment market has improved strongly over the last 8 years, according to the African Hotel Report 2017 by Hotel Partners Africa, that will be releasedtomorrow at the Africa Hotel Investment Forum in Kigali. For the first time Rwanda has entered the \"top ten\" of most valuable countries in Africa for hotels. In addition, with average growth in hotel values of 8.8% over the last 8 years, Rwanda experienced the sixth highest growth on the continent over that period.\"That values have increased in 2017 despite the large influx of new supply in the last two years is testament to the confidence that investors have in the stability of the government and the overall investment climate\" said David Harper, the report's author. Rwanda is held out by many as a beacon across Africa for property investment. With an Ease of Doing Business rating of 67 (out of 189) and Property Rights Protection rating ranked at 28 (out of 145) investors have found the climate conducive to property deals. The Government's concentration on providing infrastructure, reducing 'red tape' and stamping out corruption has all enabled foreign investors to feel confident in the country's future. 4 new branded hotels with 544 rooms are planned for Kigali.\"This report shows that the hotel industry in Africa is still a very good investment, despite the cyclical nature of the property market. However, good advice is vital to help ensure you make the most of this very promising investment opportunity and avoid some of the potential pitfalls that can ensnare the less experienced hotel investor\"

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Summer Season Brought Recovery For French Hotel Industry | tourism-review.com
RevPAR, the average revenue per available room, increased by 5% in the super-Economy category and by 11% in the High-end category. This is what the In Extenso Tourism, Culture and Hospitality Industry Barometer indicated regarding the performance of France's hotel industry for the summer season of 2017. Over the summer, foreign tourism recorded a big comeback in certain French destinations. Some hotel establishments and tourism professionals noticed the return of international tourists, especially in the category of individual tourists.

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STR: Africa's hotel supply projected to grow 11%
Ahead of the Africa Hotel Investment Forum (AHIF), STR highlights Africa's key hotel development and performance trends. Based on August 2017 data from STR, Africa currently shows 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11.0% of the continent's existing room supply.

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What 2017 Fall Trends Tell US Hoteliers About Traveler Behavior
Before leaf-changing season kicks into full swing, check out our fall travel trends that reveal interesting insights into traveler search behavior. Our data* tells us where travelers to the US are coming from and what cities they're going to and compares their search behavior with those traveling domestically.

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What 2017 Autumn Trends Tell Irish Hoteliers About Traveller Behaviour
We've analysed search behaviour data* for travellers on trivago to uncover where visitors to Ireland are coming from this autumn, what cities they're going to and to compare their search behaviour with those travelling domestically.

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What 2017 Autumn Trends Tell UK Hoteliers About Traveller Behaviour
We looked across all the searches and compiled user behaviour data* to reveal where travellers to the UK are vacationing, where they're coming from, how long they're staying and how much they're spending for accommodation this autumn.

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Russian hotel market reports strong start to 2017
Thomas Emanuel, Director of Business Development at STR will join more than 150 industry leaders in Moscow next month to present a Hotel Performance Report at the upcoming Russia Hotel & Tourism Investment Conference. Ahead of the meeting STR gave an overview of the hotel market in Russia and the CIS.

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September

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August 2017: Profit Rise Provides Welcome Respite for Hotels in the Middle East & Africa
Hotels in the Middle East & Africa recorded a 6.6% year-on-year GOPPAR increase in August, which was only the third month this year in which profit growth has been achieved, providing a welcome respite from a challenging trading period, according to the latest worldwide poll of full-service hotels from HotStats.

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U.S. Hotel Construction Pipeline Shows 8.8 Percent Growth from 2016 to 2017
Reports for August 2017 are showing that the hotel construction pipeline in the United States is projected to display an 8.8 percent increase in the number of rooms that are under contract as compared to August 2016, which represents a significant bump for that period.

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STR: U.S. hotel results for week ending 23 September
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 17-23 September 2017, according to data from STR. In comparison with the week of 18-24 September 2016, the industry recorded the following:

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More Than a Dozen Hotels Slated to Debut in Kenya Over Next Five Years
Kenya is set to undergo a major surge in available hotel rooms. In fact, according to numbers from the TOPHOTELPROJECTS database, there are currently 17 hotel projects underway in the country and once completed they will add nearly 3,500 rooms to the hospitality industry in the nation. Much of this growth is taking place in the city of Nairobi, with some properties also coming to Rift Valley, Nanyuki, Masaai Mara, Maindi and other locales.

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The French Hotel Industry
With around 1 560 establishments and a further 80 projects in the pipeline, the City of Light is a veritable breeding ground for hotels. Paris' successful bid to host the 2024 Olympic Games will undoubtedly provide an excellent excuse for many properties to treat themselves to a makeover. All well and good, but heavy construction or renovation work can have significant repercussions in densely-populated areas, and be intensely irritating for neighbors. The law makes provisions for such work, which should, in theory, go without a hitch. Yet in our experience, this is not always the case, and one way of attempting to stave off problems and save money is to undertake a preventive referral process.

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The Impact of the September 2017 Hurricanes on the Islands of the Caribbean | By Kristina D'Amico and Leora Lanz
When Ebola struck the Sub-Saharan continent in the summer of 2014, thousands of travelers canceled their safari plans in South Africa, resulting in an immediate decline of multimillions of dollars given the tourist cancelations. Truth be told, South African cities such as Johannesburg and Cape Town were more than 2,000 miles from the epicenter of the outbreak, unlike the wildly successful summer destinations of the South of France and England, which were actually far closer to the sources of the viral outbreak. Unfortunately, the geographically challenged visitors, who could have seamlessly enjoyed their intended holidays, altered their plans, and the destinations that relied heavily on the bookings and inbound travel suffered economically, and greatly.

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August 2017: Leisure Demand Helps Maintain Profit Growth at UK Hotels
Despite a slowing in demand from the commercial segment, the continued year-on-year growth in top and bottom line performance at hotels in the UK was fuelled by the individual and group leisure segments this month, according to the latest worldwide poll of full-service hotels from HotStats.

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Florida CRE proves resilient in face of Hurricane Irma due to long-term preparation
Hurricane Irma made its initial U.S. landfall in the Florida Keys on Sept. 10 as a Category 3 storm, and later that day made a second landfall at Marco Island on Florida's west coast before barreling north through the state. Cities on both coasts experienced flood surges and extremely strong winds.Both short- and long-term preparation significantly minimized Irma's impact on commercial properties. Evacuation plans, emergency fuel and power supply arrangements, as well as contingency plans, were critical short-term preparedness factors. Long-term preparation consisting of enhanced building codes and infrastructure readiness was critical to the state's ability to both withstand damage and assess how quickly infrastructure and power losses could be restored.

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The Netherlands Hotel Market Sentiment Survey 2017
Horwath HTL Netherlands has produced their latest Hotel Market Sentiment Survey. The survey gives a quick assessment of the market outlook for the global hotel industry, by the people on the ground, running the hotels. The survey focusses on the current outlook for occupancy, average room rates and total revenue and what the operators feel is going to happen based on their experience.

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Hotel Industry in the United Kingdom Enjoys Ongoing Revenue Growth in 2017
Simply put, in the United Kingdom's hospitality industry, demand for lodging has outstripped supply. In the entire country, the top ten hotel brands operate about 205,000 rooms, 54 percent of which are considered budget properties. With this in mind, hotel managers have worked to boost revenue throughout the industry by focusing on increasing it per available room in all markets.

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STR: Asia Pacific hotel performance for August 2017
Hotels in the Asia Pacific region reported positive results in the three key performance metrics during August 2017, according to data from STR.U.S. dollar constant currency, August 2017 vs. August 2016Asia Pacific

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STR: Europe hotel performance for August 2017
Europe's hotel industry reported positive results in the three key performance metrics during August 2017, according to data from STR.Euro constant currency, August 2017 vs. August 2016Europe

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STR: U.S. hotel results for week ending 16 September
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 September 2017, according to data from STR. In comparison with the week of 11-17 September 2016, the industry recorded the following:

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Germany Update: Three Historic Cities Power the Country to Hospitality Success [Infographic]
The hospitality industry in Germany has been one of the biggest success stories in recent years not just in Western Europe but throughout the entire world. To really understand the breath of Germany's success, one must have a solid impression of the three cities that currently have the most active hotel project pipelines: Hamburg, Berlin and Munich.

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STR: Central/South America hotel performance for August 2017
Hotels in the Central/South America region reported nearly flat occupancy with year-over-year rate declines during August 2017, according to data from STR.U.S. dollar constant currency, August 2017 vs. August 2016Central/South America

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Tourism is growing despite terror fears
Fear of terrorism is a major factor in holiday planning Large variation in safety perceptions of different destinations ITB Berlin and IPK International analyse global shifts in travel behaviour People's enthusiasm for travel remains unbroken

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UK hotels forecast 2018: As good as it gets?
Hotels good fortune continues but as uncertainty weighs in, is this as good as it gets? UK hotels have enjoyed record trading, underpinned by the boom in overseas leisure travel. PwC forecast a slower pace of growth in 2018 as the stimulus of the weak pound starts to weaken, and new supply kicks in. Add into the mix, global political volatility, an expected deceleration in UK economic growth and continued Brexit policy uncertainty, and we look to a more cautious, but still reasonably strong growth forecast in 2018.

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STR: Middle East and Africa hotel performance for August 2017
Hotels in the Middle East reported mixed performance results during August 2017, while hotels in Africa posted growth across the three key performance indicators, according to data from STR.U.S. dollar constant currency, August 2017 vs. August 2016Middle East

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STR: U.S. hotel performance for August 2017
The U.S. hotel industry reported positive results in the three key performance metrics during August 2017, according to data from STR. In a year-over-year comparison with August 2016, the industry reported the following:

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2017 HVS Lodging Tax Report - USA | By Thomas A Hazinski, Alex Moon and Joe M Moseley
In this sixth annual Lodging Tax Study, HVS Convention, Sports, and Entertainment Consulting surveys lodging tax rates and revenues across the United States. Our study includes a broad range of cities and tracks policy trends in lodging tax impositions. This research identifies the lodging tax rates levied at the state, county, city, and special district levels. We provide data on the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest cities in the United States.

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HVS Market Pulse: Charlotte, NC | By Patricia Shih
Charlotte, North Carolina, is one of the biggest cities in the southeast, second only to Jacksonville, Florida, by population, and among the top three fastest-growing metro areas in the U.S. Home to two professional sports franchises (the NBA's Charlotte Hornets and the NFL's Carolina Panthers), NASCAR's Sprint Cup and All-Star stock car races, and numerous museums, Charlotte enjoys a strong base of leisure demand. Commercial and meeting/group demand are strong in the city, as well.

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2017 Hotels in India: Trends & Opportunities | By Achin Khanna & Sanaya Jijina
As the 6AM alarm blares at dawn, who doesn't find delight in pressing the snooze button ever so often? After all, sleep is silver. However, brushing aside the slumber, the active mind sketches tasks ahead and one leaps into the daily bustle. Crafting ideas, plotting schedules and planning conquests, the business of life and livelihood comes into play. While catching forty winks every now and then may be acceptable, one usually wouldn't trade the job of making money with the liberty to indulge in daily afternoon siestas. After all, money is gold!

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Singapore - The Next Chapter in Hotels & Tourism
Singapore is one of the world's leading destinations for business travellers and leisure-seeking tourists due to its geographical location, stable business environment, enticing retail offer and world class infrastructure.

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The Hotel Construction Pipeline In The Middle East Is Growing
Analysts at Lodging Econometrics (LE) report that the Construction Pipeline Trend Report for the Middle East states that the Total Pipeline has 561 Projects/154,627 Rooms, up 13% by projects Year-Over-Year (YOY).

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The Europe Hotel Construction Pipeline Is up 25% With 1,186 Projects in the Total Pipeline
The Europe Hotel Construction Pipeline Trend Report states that the Total Pipeline has 1,186 Projects/185,799 Rooms, up 25% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE).

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STR: U.S. hotel results for week ending 9 September
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 September 2017, according to data from STR. In comparison with the week of 4-10 September 2016, the industry recorded the following:

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In Focus: Ibiza, Spain | By Ezio Poinelli, Nana Boussia and Paolo Buffa di Perrero
Ibiza is an island in the Mediterranean sea off the east coast of Spain and is the third largest island of the Balearic Islands (Mallorca, Minorca, Ibiza and Formentera), an autonomous community of Spain. The island comprises five municipalities: Ibiza or Eivissa (Ibiza town), Santa EulAria del Rio, Sant Antoni, San Jose and San Juan Bautista while it covers an area of 572 km and has 210 kilometres of coastline. Its population is 141,000 , of which around 76% are Spaniards while 24% are foreign residents. The island's major cities are Ibiza Town (the capital), Santa Eulalia del Rio and Sant Antoni de Portmany. biza is often referred as either the \"White Island\" because of its white buildings and typical smooth domed architecture or as the \"Pine Island\" because of its abundance in pine trees. The island became a major tourism destination during the 1960's famous for its 'hippie-culture' and its vivid nightlife which continues up to date. Today Ibiza is a world famous destination offering a mild climate, exotic beaches, traditional Mediterranean lifestyle, beautiful scenery and a famous party scene. The cultural richness and biodiversity of Ibiza was declared a World Heritage Site in 1999. Due to its geographical location, Ibiza and Formentera have always been a key strategic point on transport routes from east to west Mediterranean.

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STR: Caribbean/Mexico hotel pipeline for August 2017
STR's August 2017 Pipeline Report shows 41,116 rooms in 234 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 47.1% increase in rooms Under Contract compared with August 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 16,297 rooms in 92 projects In Construction for the month. Based on number of rooms, that is a 24.4% increase in year-over-year comparisons. Three countries in the region reported more than 1,000 rooms In Construction:

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The North Africa Hotel Pipeline is Thriving, Especially in Morocco
Africa has long been a continent of dualities for hotel owners and operators. The region offers unmatched natural splendor, as impressive as any locale on the planet. In this regard, it may be somewhat of a sleeping giant in the hospitality industry. However, at the same time Africa is a continent that operators often find lacking in infrastructure, qualified staff, and, perhaps most dauntingly, stability.

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STR: Central/South America hotel pipeline for August 2017
STR's August 2017 Pipeline Report shows 59,294 rooms in 378 hotel projects Under Contract in the Central/South America region. The total represents a 6.9% decrease in rooms Under Contract compared with August 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 27,532 rooms in 171 projects In Construction for the month. Based on number of rooms, that is a 0.9% decrease in year-over-year comparisons. Five countries in the region reported more than 1,000 rooms In Construction:

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STR: Asia Pacific hotel pipeline for August 2017
STR's August 2017 Pipeline Report shows 622,666 rooms in 2,818 hotel projects Under Contract in the Asia Pacific region. The total represents a 6.6% increase in rooms Under Contract compared with August 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Asia Pacific region reported 284,542 rooms in 1,239 projects In Construction for the month. Based on number of rooms, that is a 16.4% increase in year-over-year comparisons. Six countries in the region reported more than 10,000 rooms In Construction:

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STR: U.S. hotel pipeline for August 2017
STR's August 2017 Pipeline Report shows 590,080 rooms in 4,911 hotel projects Under Contract in the United States. The total represents an 8.8% increase in the number of rooms Under Contract compared with August 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 192,132 rooms in 1,463 projects. Based on the number of rooms, that is a 12.9% increase in year-over-year comparisons.\"In Construction and Final Planning activity was up a bit from the previous month, but we did see a drop in the Planning phase,\" said Bobby Bowers, STR's senior VP of operations. \"Year over year, however, we're under 13% growth for rooms in construction and now under 10% growth for the total pipeline. Those numbers are incredibly low compared with the same time last year, and there is potential for further deceleration in new development as resources are directed to rebuilding from Hurricane Harvey and Hurricane Irma.\" Looking at construction activity among the Chain Scale segments, Upper Midscale (63,021 rooms in 619 hotels) accounted for the most rooms In Construction followed by Upscale (61,258 rooms in 448 hotels). \"The Upper Midscale and Upscale segments remain the most popular across the three phases of Under Contract,\" Bowers said. \"Those are also two chain scale segments that saw occupancy declines and the lowest rate growth through the first seven months of the year. Demand remains high in the select-service segment, but significant supply growth will continue to pressure performance levels.\"Despite representing the lowest number of rooms in the pipeline, the Economy segment reported the largest year-over-year percentage increase for rooms In Construction (+68.6% to 2,498 rooms).

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HHTL Market Report - Hanoi, Vietnam
Horwath HTL in Asia Pacific has teamed up with STR to produce our quarterly Asia Pacific Hotel Market Update. The spotlight of our Q2 2017 issue is on Hanoi's Hotel Market. Vietnam has become one of the world's great development success stories. Political and economic reforms launched in 1986 transformed Vietnam from an inward-looking country to one of the fastest growing emerging economies in SEA.

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STR: Middle East and Africa hotel pipeline for August 2017
STR's August 2017 Pipeline Report shows 164,898 rooms in 583 hotel projects Under Contract in the Middle East and 57,011 rooms in 308 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 5.4% increase in rooms Under Contract compared with August 2016. Specifically in the In Construction phase, the Middle East reported 98,027 rooms in 309 hotels. Based on number of rooms, that is a 17.2% increase in year-over-year comparisons.The Under Contract total in Africa represents a 0.3% increase in rooms Under Contract compared with August 2016. Specifically in the In Construction phase, Africa reported 28,260 rooms in 160 hotels. Based on number of rooms, that is a 5.6% decrease in year-over-year comparisons. Five countries in the Middle East/Africa region reported more than 4,000 rooms In Construction:

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STR: Europe hotel pipeline for August 2017
STR's August 2017 Pipeline Report shows 177,755 rooms in 1,160 hotel projects Under Contract in Europe. The total represents an 18.1% increase in rooms Under Contract compared with August 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Europe reported 75,755 rooms in 488 projects In Construction for the month. Based on number of rooms, that is a 17.5% increase in year-over-year comparisons. Four countries in Europe reported more than 5,000 rooms In Construction:

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Taiwan Hotel Market Update | By Christy Tung & Daniel Voellm
With increasing strained relations between Beijing and Taipei, Taiwan has been reducing its dependency on mainland China by improving its tourism relationships with other countries. Though the number of Mainland Chinese visitors fell dramatically, the number of visitor arrivals to Taiwan decreased only modestly in the second quarter of 2017 to 2.6 million. Visa exemptions to Southeast Asian visitors, improved air connectivity, and promotions around the country's tourist spots have expanded the scope and diversity of Taiwan's tourism economy. Overall, arrivals from all the major feeder markets except mainland China experienced growth.

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STR analyzes Hurricane Harvey impact on hotel markets
All Houston hotel submarkets reported occupancy growth after the initial days of Hurricane Harvey. However, four of 13 STR-defined submarkets reported a year-over-year occupancy decline during the nine-day period analyzed by STR's Consulting and Analytics department. Additionally, significant occupancy decreases were reported in the southern Louisiana area. \"Double-digit occupancy declines were seen throughout a majority of the Houston market up until August 27 when hotels began filling up with displaced residents, FEMA and other demand related to recovery efforts,\" said Ali Hoyt, STR's senior director of consulting and analytics. \"The four submarkets directly affected by Hurricane Harvey saw occupancy decline over the nine-day period we analyzed, but most other areas reported double-digit growth during that time. We also saw outlying markets like Austin, Dallas and San Antonio pick up additional demand likely due to shelters remaining full in the Houston area.\"The four Houston submarkets to report an overall occupancy decline from 25 August through 2 September were the Houston CBD (-23.2% to 46.3%), Houston Galleria/Greenway Plaza (-4.3% to 57.2%), Beaumont (-12.2% to 55.4%) andGalveston/Texas City (-21.4% to 41.9%). Galveston, which is a submarket of less than 7,000 rooms, reported the largest performance drop over the nine-day stretch, with revenue per available room down 42.1% to US$41.30.

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STR: Preliminary August data for Singapore hotels
STR's preliminary August 2017 data for hotels in Singapore indicates occupancy growth with lower rates. Based on daily data from August, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary August data for Munich hotels
STR's preliminary August 2017 data for Munich, Germany, indicates a significant increase in demand. Based on daily data from August, Munich reported the following in year-over-year comparisons:

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STR: Preliminary August data for Melbourne hotels
STR's preliminary August 2017 data for hotels in Melbourne, Australia, indicates steady performance. Based on daily data from August, Melbourne reported the following in year-over-year comparisons:

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Indonesia Hotel Watch 2017 | By Victoria Jia Li Chan, Stephanie Bernhard and Hok Yean CHEE
The fifth edition of the Indonesia Hotel Watch highlights Indonesia's current hospitality landscape, analysing domestic and international demand and hotel supply dynamics of classified and non-classified hotels.

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HVS Market Pulse: Silicon Valley | By John Berean
Home to numerous high-tech corporations and startup companies, Silicon Valley encompasses the southern portion of the San Francisco Bay Area. As defined by the 2017 Silicon Valley Index, this region covers the cities in San Mateo County and Santa Clara County. The index also incorporates portions of Alameda County, including the cities of Fremont, Newark, and Union City, as well as Scotts Valley in Santa Cruz County. For purposes of this article, the greater Silicon Valley area will follow the aforementioned definition, with the exception of Scotts Valley. This article will primarily focus on new hotel development, and hotel trends within the greater Silicon Valley area.

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STR: Preliminary August data for London hotels
STR's preliminary August 2017 data for hotels in London, England, indicates a year-over-year decline in occupancy levels, but growth in average daily rate (ADR).Based on daily data from August, London reported the following in year-over-year comparisons:

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STR: Preliminary August data for Jeddah hotels
STR's preliminary August 2017 data for Jeddah, Saudi Arabia, indicates lower occupancy levels but higher rates amid significant supply growth. Based on daily data from August, Jeddah reported the following in year-over-year comparisons:

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STR: Preliminary August data for Abu Dhabi hotels
STR's preliminary August 2017 data for Abu Dhabi, United Arab Emirates, indicates performance declines consistent with significant supply growth. Based on daily data from August, Abu Dhabi reported the following in year-over-year comparisons:

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STR: U.S. hotel results for week ending 2 September
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 27 August through 2 September 2017, according to data from STR. In comparison with the week of 28 August through 3 September 2016, the industry recorded the following:

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STR: Smaller cities report greater hotel impact during Great American Eclipse
Hotels in the Great American Eclipse path of totality reported a 244% increase in revenue per available room (RevPAR) on the night before the event, according to an analysis by STR's Consulting and Analytics team. In the three days leading up to the eclipse, hotels in the path of totality reported an 87% RevPAR increase.\"There was simply no modern comparison for this event, so while performance increases were expected, we weren't sure to what extent hotels would capitalize on what ended up being a two-minute event,\" said Carter Wilson, STR's VP of consulting and analytics. \"In the end, the cities with limited hotel supply, like Hopkinsville, Kentucky, for instance, showed the greatest gains, while major cities, like Nashville, were lower on the RevPAR increase list. On average across the path of totality, Sunday night occupancy increases were more pronounced than rate gains, and that was enough to lift performance results for the entire country last week.\"

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U.S. Domestic Travel And Road Trips On The Rise
According to MMGY Global's 2017 Portrait of American Travelers, domestic vacations now make up 85 percent of total American vacations; and during the past 12 months, 13.9 million more vacations were taken within the U.S. compared to internationally. The rising preference for domestic destinations has also resulted in the increasing popularity of road trips.

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Indonesia Hotel Watch 2017 - HVS
HVS Singapore is pleased to publish the fifth edition of the Indonesia Hotel Watch (IHW) 2017. This publication provides an insight into the top ten hotel markets in Indonesia, the world's largest archipelago. Growth in the global economy is likely to be uneven and imbalanced over the next few years, as the world continues to struggle to meet its sustainable development goals. Geopolitical risks as well as policy and regulatory decisions will largely determine economic outcomes and the global operating environment. Economists expect emerging-market regions to continue outperforming developed-world markets. However, the overall outlook is somewhat subdued, as growth drivers rebalance short-term growth and longterm sustainability.

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HVS Lodging Tax Report - USA 2017
In this sixth annual Lodging Tax Study, HVS Convention, Sports, and Entertainment Consulting surveys lodging tax rates and revenues across the United States. Our study includes a broad range of cities and tracks policy trends in lodging tax impositions. This research identifies the lodging tax rates levied at the state, county, city, and special district levels. We provide data on the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest cities in the United States.

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HotStats July US Hotels Market Update: TrevPAR Grows but Profits Slide at US Hotels
GOPPAR dropped by 0.7-percent at hotels in the USA this month, as the 1.1-percent increase in TrevPAR was cancelled out by escalating costs, according to the latest worldwide poll of full-service hotels from HotStats. Although year-on-year growth in RevPAR at hotels in the USA remained flat this month, at $157.48, an increase in non-rooms revenues, including Food and Beverage (+2.0-percent) and Conference and Banqueting (+1.5-percent), meant that a 1.1-percent increase was recorded in TrevPAR, to $234.20.

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U.S. Hotel Demand Hits an All-Time High | By Richard Barkham, Ph.D.
Hotel demand has just reached an all-time high in the U.S., according to CBRE Hotels' Americas Research. Occupancy levels and demand for rooms are also buoyant in Europe and Asia Pacific.

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PwC U.S. Hospitality Directions: August 2017
As uncertainty weighs on the economy, softening lodging industry growth expected to continue

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Hurricane Harvey will send ripples through U.S. hotel industry, expert says - usatoday.com
Hurricane Harvey put a big asterisk beside a U.S. lodging market forecast at the Southern Lodging Summit in Memphis on Wednesday. Hotel industry expert Jan Freitag, senior vice president, strategic development for STR, formerly Smith Travel Research, fears Harvey could wipe out a year's worth of gains in hotel room growth.

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First consequences on the accommodation sector of Barcelona caused by the august 17th terrorist attack
Following the unfortunate attacks in Catalonia (Spain) last week, several clients have approached BRIC Consulting to hear our opinion on the expected repercussions in the accommodation sector, especially in the city of Barcelona. We have decided to make our estimates public as a sign of confidence in the future, both for the professionals of the sector as well as for their guests and clients.

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July 2017: Record RevPAR Fuels Profit Growth at UK Hotels
Record RevPAR levels helped hotels in the UK to maintain their strong period of top and bottom line growth in 2017, as the 4.4% year-on-year increase for the month fuelled a 3.8% increase in GOPPAR, according to the latest worldwide poll of full-service hotels from HotStats.

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U.S. Hotel Construction Pipeline Up 7% Year-Over-Year with a 20% Increase in New Supply Forecast for 2017
According to a recent report by Lodging Econometrics (LE), the U.S. Construction Pipeline stands at 4,973 Projects/598,371 Rooms, with projects up 7% Year-Over-Year (YOY).There are 1,520 Projects/198,710 Rooms Under Construction, up 10% YOY, and are the highest counts recorded this cycle. Projects Scheduled to Start Construction in the Next 12 Months, at 2,312 Projects/264,924 Rooms, are up 5% YOY. Projects in Early Planning are at 1,141 Projects/134,737 Rooms and are up 8%, YOY. However, it's slightly down from last quarter which, so far, is the peak level this cycle.For the economy, the rate of growth may be low but it's running on all cylinders. So, too, with the Total Pipeline whose growth rate is also stalling.448 Hotels/50,521 Rooms have already opened in the U.S. with another 573 Projects/64,385 Rooms forecast to open by year-end according to analysts at Lodging Econometrics (LE). The Total 2017 Forecast for 1,021 Projects/114,906 Rooms, represents a 20% increase over the actual number of Hotel Openings in 2016, which stood at 849 Hotels/99,872 Rooms. 344 of the New Openings, or 34%, will be in the Top 25 Markets.Almost half of the hotels that are expected to open this year are Upper Midscale, at 477 Projects/46,093 Rooms and another 289 Projects/37,914 Rooms are Upscale. These two chain scales represent 75% of the 1,021 projects anticipated to open through the end of 2017. 497 of the projects will be between 100 and 200 rooms, while 464 of the projects will be Suburban locations.LE forecasts that 1,160 Projects/133,880 Rooms will open in 2018 and another 1,193 Projects/137,393 Rooms will open in 2019, still a distance from the annualized New Openings peak of 1,316 Projects/140,227 Rooms, set in 2009.

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Kenya: Tourism stakeholders react to sector's performance post elections | By Josephine Wawira
With diminutive effect from the elections anxiety, Kenya's tourism sector has withstood the pressures of uncertainties that resulted to some tourists having to hold their travel plans. As one of the most volatile sectors, tourism stakeholders remain obliged to Kenyans for choosing peace during a considerably fraught time. This, according to Cyrus Onyiego, Jumia Travel's Kenya Country Manager, is a factor that has saved the industry a major blow as compared to previous election periods.

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STR: U.S. hotel results for week ending 19 August
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 13-19 August 2017, according to data from STR. In comparison with the week of 14-20 August 2016, the industry recorded the following:

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STR: Central/South America hotel performance for July 2017
Hotels in the Central/South America region reported positive results in the three key performance metrics during July 2017, according to data from STR.U.S. dollar constant currency, July 2017 vs. July 2016Central/South America

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UK hotels post record H1 performance
Hotels in the U.K. posted their highest ever occupancy, average daily rate (ADR) and revenue per available room (RevPAR) levels for any H1 record. Compared with the first six months of 2016, the U.K. recorded a 1.7% increase in occupancy to an actual level of 75%, a 4.7% increase in ADR to GBP89and a 6.5% increase in RevPAR to GBP67.

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STR: Asia Pacific hotel performance for July 2017
Hotels in the Asia Pacific region reported positive results in the three key performance metrics during July 2017, according to data from STR.U.S. dollar constant currency, July 2017 vs. July 2016Asia Pacific

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STR: Europe hotel performance for July 2017
Europe's hotel industry reported positive results in the three key performance metrics during July 2017, according to data from STR.Euro constant currency, July 2017 vs. July 2016Europe

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STR: Middle East and Africa hotel performance for July 2017
Hotels in the Middle East reported negative results during July 2017, while hotels in Africa recorded growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, July 2017 vs. July 2016Middle East

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STR: U.S. hotel performance for July 2017
The U.S. hotel industry reported mixed results in the three key performance metrics during July 2017, according to data from STR. In a year-over-year comparison with July 2016, the industry reported the following:

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STR: US hotel results for week ending 12 August
The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 6-12 August 2017, according to data from STR. In comparison with the week of 7-13 August 2016, the industry recorded the following:

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UNWTO Tourism Highlights: 2017 Edition
An ever-increasing number of destinations worldwide have opened up to, and invested in tourism, turning it into a key driver of socio-economic progress through the creation of jobs and enterprises, export revenues, and infrastructure development.

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HVS Market Pulse: Boise, Idaho | By Breanna Smith
Boise is closing in on the ranks of the top ten cities in which to live in the U.S., according to the 2017 survey by U.S. News & World Report. The reasons for the elevated rankingnumber 12, as of this yearinclude affordability, job prospects, and overall quality of life. This reflects Boise's ascendance in other spheres, including population, visitation numbers, and the number of proposed hotels, especially in the city's downtown corridor.

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STR: Central/South America hotel pipeline for July 2017
STR's July 2017 Pipeline Report shows 60,151 rooms in 384 hotel projects Under Contract in the Central/South America region. The total represents a 7.8% decrease in rooms Under Contract compared with July 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 27,333 rooms in 169 projects In Construction for the month. Based on number of rooms, that is a 2.1% decrease in year-over-year comparisons. Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (22.8% with 13,418 rooms). Two key markets reported more than 1,000 rooms In Construction:

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STR: Caribbean/Mexico hotel pipeline for July 2017
STR's July 2017 Pipeline Report shows 41,131 rooms in 234 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 44.7% increase in rooms Under Contract compared with July 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 16,015 rooms in 89 projects In Construction for the month. Based on number of rooms, that is a 23.6% increase in year-over-year comparisons.Four key markets reported more than 1,000 rooms In Construction:

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Opportunities abound for foreign investment in Africa's hospitality sector
The hospitality sector in Africa's emerging markets looks set to profit from foreign investment and an influx of foreign travellers. The emerging markets are set to post faster growth in revenue than their counterparts in developed countries, making them integral to the expansion strategies of some of the world's leading hotel developers.Pietro Calicchio, Hospitality & Gaming Industry leader for PwC Southern Africa (www.PwC.co.za) says: \"The growth potential of Africa is high mainly because of the rapid economic growth in some economies, a growing middle class and an increase in visits from foreign visitors.\"The emerging markets are a sought after destination for foreign investors it is in these markets where there is continued economic growth and a need for additional infrastructure. In addition, governments and policy makers are introducing a range of tax incentives and other incentive schemes to foreign investors.\"Although the potential for foreign investment has improved substantially in Africa over the past several years it is not without a number of challenges. Some of these challenges include a drop in oil prices and other commodities, social unrest, unstable electricity supply and the impact of one of the most severe droughts across the African continent.These are some of the highlights from PwC's 7th edition of the 'Hotels Outlook: 2017-2021' report. PwC's report features information about hotel accommodation in South Africa, Nigeria, Mauritius, Kenya and Tanzania. This year we take our African view a step further, with looking into Ghana and Ethiopia as emerging hotel markets.GhanaThe hotel sector in Ghana has remained resilient despite recent global economic challenges. Following the collapse in the oil price and that of other commodities, the government has taken steps to diversify the economy, including promoting the hospitality and tourism sector. Ghana's hospitality industry grew 1.2% from 2015 to 2016. The World Travel & Tourism Council (WTTC) ex

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STR: Asia Pacific hotel pipeline for July 2017
STR's July 2017 Pipeline Report shows 626,535 rooms in 2,834 hotel projects Under Contract in the Asia Pacific region. The total represents a 7.0% increase in rooms Under Contract compared with July 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. The Asia Pacific region reported 276,757 rooms in 1,210 projects In Construction for the month. Based on number of rooms, that is an 8.3% increase in year-over-year comparisons. Three key markets in the region reported more than 5,000 rooms In Construction:

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STR: Europe hotel pipeline for July 2017
STR's July 2017 Pipeline Report shows 178,105 rooms in 1,167 hotel projects Under Contract in Europe. The total represents a 20.0% increase in rooms Under Contract compared with July 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Europe reported 77,280 rooms in 499 projects In Construction for the month. Based on number of rooms, that is a 22.0% increase in year-over-year comparisons. Five key European markets reported more than 2,000 rooms In Construction:

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STR: US hotel pipeline for July 2017
STR's July 2017 Pipeline Report shows 591,865 rooms in 4,899 hotel projects Under Contract in the United States. The total represents an 11.7% increase in the number of rooms Under Contract compared with July 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 188,734 rooms in 1,436 projects. Based on the number of rooms, that is a 10.2% increase in year-over-year comparisons and a 1.0% lift from the previous month. \"We continue to see a back-and-forth pattern with the total number of rooms in development from month to month,\" said Bobby Bowers, STR's senior VP for operations. \"The trend that has been easier to identify is the much lower rate of year-over-year growth compared with this time last year. Even with that slowing, supply is still growing at a healthy pace, and that will continue to be the case even as financing has become tougher to obtain.\"Among the Top 26 Markets, New York, New York, reported the most rooms Under Contract (26,990 rooms) and most rooms In Construction (14,714 rooms). Four additional markets each reported more than 15,000 rooms Under Contract for the month: Dallas, Texas (20,851 rooms); Houston, Texas (17,355 rooms); Los Angeles/Long Beach, California (15,107 rooms); and Orlando, Florida (15,053 rooms). After New York, four other markets reported more than 5,000 rooms In Construction: Dallas (6,923 rooms); Houston (5,247 rooms); Nashville, Tennessee (5,164 rooms); and Los Angeles/Long Beach (5,029 rooms). \"A majority of the major markets have seen supply grow above the long-term U.S. average,\" Bowers said. \"That makes demand growth that much more important in mitigating occupancy and rate decreases.\" Three markets each reported fewer than 1,000 rooms In Construction: New Orleans, Louisiana (844 rooms); Norfolk/Virginia Beach, Virginia (303 rooms), and Oahu Island, Hawaii (180 ro

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STR: Middle East and Africa hotel pipeline for July 2017
STR's July 2017 Pipeline Report shows 166,166 rooms in 590 hotel projects Under Contract in the Middle East and 56,925 rooms in 308 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 6.6% increase in rooms Under Contract compared with July 2016. Specifically in the In Construction phase, the Middle East reported 95,089 rooms in 301 projects. Based on number of rooms, that is a 14.3% increase in year-over-year comparisons.The Under Contract total in Africa represents a 1.2% increase in rooms Under Contract compared with July 2016. In the In Construction phase, Africa reported 28,500 rooms in 163 projects. Based on number of rooms, that is a 4.8% decrease in year-over-year comparisons. Four key markets in the Middle East and Africa region reported more than 5,000 rooms In Construction:

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HDC Day Two: Experts point to changing demographics' impact on hotel industry
Travel and hospitality experts presented on micro trends and the democratization of travel on the final day of the sold-out 2017 Hotel Data Conference.Co-hosted by STR and Hotel News Now at the Omni Nashville Hotel, the Hotel Data Conference sold out for the fourth consecutive year with 626 attendees. During the morning general session, Elizabeth Winkle, STR's chief strategy officer, andAdam Sacks, president of Tourism Economics, discussed the demographics surrounding the travel industry. Sacks noted that there are two separate trajectories of travel propensity: business and leisure. Business trips per employee have been declining, while leisure trips per employee have been increasing.Several key data points about the travel industry were cited:

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STR: U.K. hotels post record H1 performance
The first six months of 2017 produced the U.K. hotel industry's highest occupancy, average daily rate (ADR) and revenue per available room (RevPAR) for any first half on record, according to data from STR. Compared with the first six months of 2016, the U.K. recorded a 1.7% increase in occupancy to an actual level of 75.1%, a 4.7% increase in ADR to GBP89.33 and a 6.5% increase in RevPAR to GBP67.12. STR analysts note that the devaluation in the pound sterling following the June 2016 Brexit vote has resulted in strong tourism growth for the U.K., which has in turn benefitted the country's hotel sector. According to recent figures published by VisitBritain, total visits to the U.K. were up 9% from January to May 2017. While arrivals from Europe were up just 5% during the first five months of the year, arrivals from North America increased 22%, and visits from the rest of the world were up 25%. VisitBritain's findings also show that visitor spending increased 14% for the January to May period, indicating that many travelers are taking advantage of the more favorable currency exchange rate. This aligns with the country's hotel rate growth, which was particularly high in London, up 6.2% to GBP143.57 in H1. The U.K. capital continues to post performance growth, despite experiencing terror attacks in March and June.

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STR: US hotel results for week ending 5 August
The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 30 July through 5 August 2017, according to data from STR. In comparison with the week of 31 July through 6 August 2016, the industry recorded the following:

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Travel and Hospitality Industry Outlook 2017 | deloitte.com
Will 2017 be a growth year for the travel and hospitality industry? Deloitte's recent industry analysis reports that forward thinking companies with an eye towards innovation could turn some of the challenges into opportunities in the coming year. Looking back to our 2016 travel and hospitality industry trends report, shifts in the global economy, game-changing innovation, geopolitical turmoil, natural disasters, pandemics, and rising consumer demands reshaped the travel landscape. Our 2017 travel and hospitality industry outlook points to more of the same.

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STR: Preliminary July data for London hotels
STR's preliminary July 2017 data for hotels in London, England, indicates strong rate growth. Based on daily data from June, London reported the following in year-over-year comparisons:

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Hotel Bulletin Q2 2017: UK Sees Record Level Of Room Openings As Q2 2017 Reports Strong Results For Hotel Sector
The first six months of 2017 has seen the highest number of hotel bedrooms opening in the UK since 2012, according to Hotel Bulletin Q2 2017, published this week by HVS, AlixPartners, STR and AM:PM. Growth in hotel RevPAR [rooms revenue per available room] in all but two UK cities; double-figure growth in Edinburgh, Cardiff and Belfast; and London recording an 8% uplift demonstrates that international visitors are still coming to the UK on the back of a weaker pound and a number of high-profile events. The hotel sector is well placed for further growth in visitor numbers with more than 7,500 new hotel bedrooms opening during the first half of 2017, up 40% on last year's figures. Budget brand Premier Inn continued its expansion during Q2, with two new hotels opening as well as the group's fifth hub by Premier Inn, at London's King's Cross. However, Q2 also saw notable activity from independently branded hotels, striking an alternative to the more traditional hotel offer. 'While there will always be a strong demand for branded hotels, we are certainly seeing a growing appetite amongst hotel guests, primarily those in London, for something a little different. Boutique hotels in quirky buildings with a strong stamp of personality and a more unusual proposition are becoming very fashionable amongst discerning customers,' commented HVS London chairman, Russell Kett. Typical examples include the new 252-room, five-star The Ned, opened by Soho House in May. The hotel, converted from the former Midland Bank, boasts nine dining venues and a bar in the Bank's former vaults. In a similar vein, plans have been submitted for a four-star, 214-room Hoxton Hotel in London's Shepherd's Bush with a cafe and leisure scheme, a third London hotel for Hoxton Hotels. A number of designer hotels have also opened in Shoreditch, billed as London's new creative hub, including the high-end Curtain Hotel and The Nobu Hotel, a first for London, although the third Nobu restaurant to open in the ca

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STR: Preliminary July data for Berlin hotels
STR's preliminary July 2017 data for Berlin, Germany, indicates strong rate growth helped by events in the market.Based on daily data from July, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary July data for Dubai hotels
STR's preliminary July 2017 data for Dubai, United Arab Emirates, indicates steep performance declines consistent with the year-to-year shift in Ramadan dates. Based on daily data from July, Dubai reported the following in year-over-year comparisons:

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STR: Preliminary July data for Hong Kong hotels
STR's preliminary July 2017 data for hotels in Hong Kong indicates strong performance growth. Based on daily data from July, Hong Kong reported the following in year-over-year comparisons:

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STR: Preliminary July data for Sydney hotels
STR's preliminary July 2017 data for hotels in Sydney, Australia, indicates performance growth.Based on daily data from July, Sydney reported the following in year-over-year comparisons:

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Market Pulse: Bermuda, the Host Island for CHICOS 2017 | By Kristina M. D'Amico
Known for its iconic pink-sand beaches, the island of Bermuda is nestled in the North Atlantic Ocean, just 650 miles east off the coast of North Carolina. Most associate the island as part of the Caribbean, but Bermuda is actually located hundreds of miles to the north. Less than a two-hour flight from New York, Bermuda is an ideal tourist destination with mild temperatures and a unique culture, growing in popularity among younger, experiential travelers and hotel investors.

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Canadian Lodging Outlook Quarterly 2017-Q2
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.

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STR: Chicago, Orlando, D.C. are top meeting planner locations
Chicago, Orlando and Washington, D.C. are the top North American markets in the meeting planners' consideration set, according to STR's 2017 DestinationMAP (Meeting Assessment Program).DestinationMAP is a comprehensive study of meeting planners and the meetings market in North America. Now in its 17th edition, the report surveys meeting planners' preferences and their perceptions of 40 North American markets.Following Chicago (67%), Orlando (67%) and Washington, D.C. (66%), the most common destinations that meeting planners have used or would consider using are San Diego(64%) and Las Vegas (62%). \"Sixty-seven percent of planners listed Chicago and Orlando in their destination consideration set, and both markets were particularly popular in what we define as the large meetings segment (1,000+ attendees),\" said Chris Klauda, STR's director, destination research. \"Planners indicated that a safe environment was overwhelmingly the top consideration when selecting a meeting site, followed by a clean and attractive location, and other logistical considerations.\"Other key findings from the 2017 DestinationMAP include:

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June 2017: Mixed Profit Performance for Middle East & Africa Hotels During Ramadan
Whilst hotels in the Middle East & Africa achieved an overall increase of 2.9% in GOPPAR, the month was notable for the major disparity in performance across the region as a result of Ramadan and the subsequent Eid al-Fitr celebrations, according to the latest worldwide poll of full-service hotels from HotStats.

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Greek Hospitality Industry Performance - 2017 Q2
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 socio-economic developments.

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Check Out Some of the Hot New Hotel Projects Coming Soon to Brooklyn
In recent years, Brooklyn has become a place synonymous with style, trends and culture, becoming for many millennials what places like Milan and Paris were for older generations. It's without question one of the hippest areas of New York City, which puts it in the running as one of the hippest areas in the world.

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HHTL Annual Study 2017 - Korea
Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today's dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand.

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HHTL Annual Study 2017 - Malaysia
Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today's dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand.

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HHTL Annual Study 2017 - Maldives
Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today's dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand.

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HHTL Annual Study 2017 - Philippines
Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today's dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand.

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HHTL Annual Study 2017 - Singapore
Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today's dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand.

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HHTL Annual Study 2017 - Vietnam, Cambodia and Myanmar
Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today's dynamic hotel and tourism markets. Published on an annual basis, these studies survey the overall financial and operational performance for hotel markets in key countries around the world, including Australia and New Zealand.

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June 2017: Profit Growth at UK Hotels Unabated by Election Uncertainty
GOPPAR at hotels in the UK increased by 5.4% this month, in spite of the heightened uncertainty across the country as the snap general election ended in yet another hung parliament, according to the latest worldwide poll of full-service hotels from HotStats.

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New Hotel Construction in Italy Continues Country's Long Reputation as a Top International Destination [Infographic]
There are few countries in the world that rank as a more popular destination for tourists than Italy. The list of draws is wide and varied: world-class cuisine, historical sites that speak to the roots of modern western civilization, religious pilgrimage destinations, some of the planet's greatest art, and, it bears mentioning twice, the world-class cuisine. Whether in search of a week in a historic city like Rome, or a relaxing and stunning drive through unmatched landscapes in hilly country, Italy has much to offer, and that's without even mentioning the beautiful islands that dot its coasts.

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STR: Canada hotel performance for Q2 2017
Canada's hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2017, according to data from STR. Compared with Q2 2016:

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STR: Central/South America hotel performance for Q2 2017
The hotel industry in the Central/South America region reported occupancy growth and nearly flat room rates during Q2 2017, according to data from STR.U.S. dollar constant currency, Q2 2017 vs. Q2 2016Central/South America

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STR: Europe hotel performance for Q2 2017
The hotel industry in Europe reported positive results in the three key performance metrics during the second quarter of 2017, according to data from STR.Euro constant currency, Q2 2017 vs. Q2 2016Europe

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STR: Middle East and Africa hotel performance for Q2 2017
The hotel industry in the Middle East reported nearly flat results during the second quarter of 2017, while hotels in Africa recorded growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, Q2 2017 vs. Q2 2016Middle East

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STR: Asia Pacific hotel performance for Q2 2017
The hotel industry in the Asia Pacific region reported positive results in the three key performance metrics during the second quarter of 2017, according to data from STR.U.S. dollar constant currency, Q2 2017 vs. Q2 2016Asia Pacific

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Europe Enjoys a Robust Construction Pipeline [Infographic]
The hospitality booms and increases currently underway in the Middle East and Asia Pacific regions must look familiar to Europe, which has long been recognized as the exact sort of rich and luxurious destination that younger tourist havens are striving to become.

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Impacts of terrorism on U.K. hotel performance
A number of people have asked themselves how the recent tragedies in the U.K. might have affected the market's hotels. While there is still not a long enough range of data to draw any definitive conclusions, we thought it important to take this opportunity to look into is in some detail.

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Strength in Global Economy Means Higher Travel Pricing in 2018
According to the 2018 Global Travel Forecast, travel prices are expected to rise sharply in the coming year, reaching nearly 4 percent increases in some sectors. Released today, the fourth annual forecast, by the GBTA Foundation in partnership with Carlson Wagonlit Travel, and with the support of the Carlson Family Foundation, shows global airfares are expected to rise 3.5 percent in 2018; hotel prices are expected to be 3.7 percent higher; and ground transportation such as taxis, trains and buses are expected to rise only 0.6 percent significantly less than the 3 percent inflation forecast for 2018.

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Summer Continues with Inconsistent Rates and Bookings for North American Hoteliers
As North American hoteliers push forward into the third quarter of 2017, both average daily rates (ADR) and bookings remain inconsistent across all travel segments, according to new data from TravelClick's July 2017 North American Hospitality Review (NAHR). This marks an ongoing trend for the year.

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STR: US hotel results for week ending 15 July
The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 9-15 July 2017, according to data from STR.

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U.S. Hotels See Enthusiasm Amid Headwinds in Q2 | By Daniel Lesser
Although the eight-year bull market in the US lodging industry is showing signs of deceleration, the sector posted record performance metrics on a national level during 2016 including: 65.5 percent occupancy, $124 average daily rate, $81 revenue per available room, 1.8 billion available room nights, 1.2 billion occupied room nights, and $149 billion in rooms revenue. Q1 2017 compared with Q1 2016 indicates a continued increase in every major category of measurement. Although US Gross Domestic Product (GDP) growth remains muted, anticipated legislation relating to tax reform and infrastructure spending should accelerate GDP and positively impact demand for transient lodging. Additionally, the current US Presidential administration's pro-business policies are seemingly beneficial for the sector.

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Second half of 2017 set to be busy with many new hotel openings [Infographic]
Things show no sign of slowing down as the second half of the year begins with a projected 1,352 hotels projects in the pipeline. Hotels in some of the world's busiest markets are due to open over the course of the next six months to give a total key count of 277,931, a huge amount for only half a year! This is an encouraging sign for an industry that is facing a particular set of challenges in the form of temporary and shared accommodation, and upsets in the world of travel and tourism in general, with President Trump's travel ban in the US sending shockwaves through the hospitality community internationally. Despite this, however, the Americas lead the way in hotel openings, with an estimated 425 hotels to open in Central, South and North America before 2018. The USA will be home to 311 of these projects.

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STR: US hotel performance for Q2 2017
The U.S. hotel industry reported record absolute levels in the three key performance metrics during the second quarter of 2017, according to data from STR. Compared with Q2 2016:

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Israel Hotel Market Overview 2017 | By Lionel Schauder and Russel Kett
Israel's hotel sector saw a relatively stable performance during 2016 with significant potential for growth due to a rise in tourism and expansion of the sharing economy. This article explores the hotel performance and development pipeline in Israel.

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Growth and Online Success Power India's Hospitality Market Toward $48 Bn by 2020 [Infographic]
By the year 2020, the overall travel market in India is projected to reach $48 billion, according to a recent report by Google India-BCG. This marks an unexpected increase, after the same number was pegged at $40 billion in May 2016.

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STR: US hotel performance for June 2017
The U.S. hotel industry reported positive results in the three key performance metrics during June 2017, according to data from STR. In a year-over-year comparison with June 2016, the industry reported the following:

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Horwath HTL Special Market Report: Japan
A 180-day 'Minpaku' restriction - how will the new 'Minpaku' legislation affect home-sharing in Japan? Koji Takabayashi from Horwath HTL Japan, presents an overview of how the new 'Minpaku' legislation in Japan will affect both private individuals and companies in the 'home-sharing' business.

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European Tourism Most Countries Show Positive Results | tourism-review.com
European tourism sector is booming. According to the European Tourism Commission's latest report \"European Tourism 2017 - Trends & Prospects\", 28 out of the 30 destinations registered growth in the arrivals of foreign tourists in the first half of 2017 - some even in the double-digit range. On the top of the ranking is Iceland which reported 56 % more tourism arrivals. Significant growth is also reported by Montenegro (+ 25%), Malta (+ 23%) and Cyprus (+ 18%). These countries all show that they can also score increasingly in the off-season. Finland (+ 18%) and Bulgaria (+ 17%) also belong to the countries boosting European tourism sector. Portugal, Serbia and Croatia (+ 15% each) reported significant increase as well.

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Tourism Sector In Mexico Is Stronger Than The Oil Industry | tourism-review.com
Far from being affected, the tourism sector in Mexico benefited from the volatility and depreciation of the exchange rate, the outcome of the 2016 electoral process in the United States, and the international uncertainty that negatively impacted other sectors of the economy. Tourism sector in Mexico represents 8.7% of the country's Gross Domestic Product (GDP), a figure exceeding the contribution of oil industry, which amounts to 7%, according to Teresa Solis Trejo, Deputy Director of Planning and Tourism Policies of the Ministry of Tourism. \"The tourism sector is an industry that, thanks to its size and performance in recent years, is becoming one of the driving forces of the national economy,\" the federal official said.

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Business Travel Responsible for $547 Billion in U.S. GDP in 2016, Creates Over 7.4 Million Jobs
A new report issued today at GBTA Convention 2017 by the GBTA Foundation, the education and research arm of the Global Business Travel Association, in partnership with American Express Global Business Travel (GBT), highlights the positive economic impact business travel has on the nation's economy. The study, titled 'The U.S. Business Travel Economic Impact Report,' reveals business travel was responsible for about 3 percent ($547 billion) of U.S. GDP in 2016. Additionally, the research found that for every 1 percent change in business travel spending, the U.S. economy gains or loses 74,000 jobs, $5.5 billion in GDP, $3.3 billion in wages and $1.3 billion in taxes.

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STR: Caribbean/Mexico hotel pipeline for June 2017
STR's June 2017 Pipeline Report shows 41,101 rooms in 236 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 43.8% increase in rooms Under Contract compared with June 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 13,829 rooms in 86 projects In Construction for the month. Based on number of rooms, that is a 15.4% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (24.9% with 10,229 rooms) and In Construction (25.2% with 3,485 rooms).

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STR: Central/South America hotel pipeline for June 2017
STR's June 2017 Pipeline Report shows 58,925 rooms in 378 hotel projects Under Contract in the Central/South America region. The total represents an 11.2% decrease in rooms Under Contract compared with June 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 28,103 rooms in 175 projects In Construction for the month. Based on number of rooms, that is a 2.0% decrease in year-over-year comparisons. Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (22.8% with 13,418 rooms). Upscale accounted for the largest portion of rooms In Construction (24.6% with 6,913 rooms).

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STR: Asia Pacific hotel pipeline for June 2017
STR's June 2017 Pipeline Report shows 612,210 rooms in 2,767 hotel projects Under Contract in the Asia Pacific region. The total represents a 6.2% increase in rooms Under Contract compared with June 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. The Asia Pacific region reported 270,976 rooms in 1,183 projects In Construction for the month. Based on number of rooms, that is an 8.5% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (25.9% with 158,312 rooms) and In Construction (25.6% with 69,246 rooms). Upper Upscale (25.5% with 69,068 rooms) was the only other segment to represent 20.0% or more of rooms In Construction.

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STR: US hotel results for week ending 8 July
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 2-8 July 2017, according to data from STR. In comparison with the week of 3-9 July 2016, the industry recorded the following:

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STR: US hotel pipeline for June 2017
STR's June 2017 Pipeline Report shows 583,028 rooms in 4,836 hotel projects Under Contract in the United States. The total represents an 11.6% increase in the number of rooms Under Contract compared with June 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 186,945 rooms in 1,440 projects. Based on the number of rooms, that is a 12.4% increase in year-over-year comparisons but a 2.5% decrease from the previous month. \"With May as the exception, we have now seen a decrease in room construction totals in three of the last four months,\" said Bobby Bowers, STR's senior VP for operations. \"While the month-to-month fluctuations prevent us from definitively calling this a development slowdown, we can certainly point to a significantly lower growth rate year over year in identifying such a trend. Regardless, there will still be plenty of construction and planning activity even with occupancy levels heading toward negative territory.\"Looking at construction activity among the Chain Scale segments, Upper Midscale (62,237 rooms in 610 hotels) accounted for the most rooms In Construction followed by Upscale (58,833 rooms in 434 hotels). \"Those two limited-service segments account for 65% of all U.S. construction activity, and that is not going to change anytime soon with 67% of the Final Planning stage also represented by Upscale and Upper Midscale projects,\" Bowers said. \"At the same time, Midscale looks to be gaining steam, ranking third in rooms being constructed and in that Final Planning phase.\"Despite representing the lowest number of rooms in the pipeline, the Economy segment reported the largest year-over-year percentage increase for rooms In Construction (+128.0% to 2,440 rooms) and Under Contract (+160.1% to 11,157 rooms).

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STR: Middle East and Africa hotel pipeline for June 2017
STR's June 2017 Pipeline Report shows 160,120 rooms in 583 hotel projects Under Contract in the Middle East and 56,289 rooms in 310 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 3.6% increase in rooms Under Contract compared with June 2016. Specifically in the In Construction phase, the Middle East reported 94,748 rooms in 300 projects. Based on number of rooms, that is a 15.6% increase in year-over-year comparisons.

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STR: Europe hotel pipeline for June 2017
STR's June 2017 Pipeline Report shows 169,046 rooms in 1,100 hotel projects Under Contract in Europe. The total represents a 17.5% increase in rooms Under Contract compared with June 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. Europe reported 77,263 rooms in 495 projects In Construction for the month. Based on number of rooms, that is a 24.0% increase in year-over-year comparisons. Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (27.5% with 46,516 rooms). The Upscale segment represented the largest portion of rooms In Construction (25.3% with 19,570 rooms).

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Australia and Hong Kong Dominate Hotel Investment for First Half of 2017
As the first half of 2017 comes to a close, hotel investments made in the Asia Pacific region this year have largely focused on gateway cities, the likes of which include Honk Kong, Singapore, Sydney and Melbourne.

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The Serviced Apartment Sector In Europe: No Longer the Underdog? | By Nicole Perreten
Another year has passed where the serviced apartment sector was able to consolidate its position in the lodging sector. This year's article looks at the recent trends, discusses our analysis of the 2017 survey results and recent transaction evidence, and provides an outlook of the coming months in terms of pipeline.

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STR: Preliminary June data for London hotels
STR's preliminary June 2017 data for London, England, indicates strong rate growth. Based on daily data from June, London reported the following in year-over-year comparisons:

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STR: Preliminary June data for Munich hotels
STR's preliminary June 2017 data for Munich, Germany, indicates sizeable performance declines in comparison with a strong June last year. Based on daily data from June, Munich reported the following in year-over-year comparisons:

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STR: Preliminary June data for Singapore hotels
STR's preliminary June 2017 data for Singapore indicates higher occupancy levels and lower rates. Based on daily data from June, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary June data for Melbourne hotels
STR's preliminary June 2017 data for Melbourne, Australia, indicates a slight dip in occupancy, but an increase in rates.Based on daily data from June, Melbourne reported the following in year-over-year comparisons:

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Remember When Airbnb Was Supposed To Kill The Hotel Business? | seekingalpha.com
From 2013-2015, the financial media wrote countless obituaries projecting the impending death of the hotel business at the hands of the sharing economy's newest darling: Airbnb. At the time, Airbnb was raising capital at valuations that exceeded the market capitalization of the entire hotel REIT industry. We questioned Airbnb's actual appeal to the mass market. Entering 2016, the consensus opinion on hotel REITs was overwhelmingly negative on fears of oversupply, weakening demand, and this severe threat from Airbnb. Over the last 52 weeks, hotel REITs have outperformed the REIT index by 20%. Q1 2017 was the best year on record for the industry and Q2 looks stronger. Using Google Trends data, we see that the growth of Airbnb is already decelerating. Regulation has caught up with the illegal hotel model of the commercial use of short-term Airbnb rentals.

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How Brazil Became One of the Most Exciting Hospitality Markets in the World
Brazil is world-famous as a vaunted travel destination, owing to the country's rich breath of cultures, incredible diversity of landscapes, and unmatched festivities, including the Brazilian Carnival, an annual festival held between the Friday afternoon 51 days before Easter and Ash Wednesday.

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The Annual HVS Asia-Pacific Hotel Operator Guide 2017 Excerpt
The publication continues to serve owners as a reference for which operator has a strong presence in their home market and in potential future markets further ashore as well as key feeder markets across the region.

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HVS Market Pulse: Richmond, VA
Richmond, the state capital of Virginia, thrives on economic energy primarily driven by entities in the fields of law, finance, and tourism. Home to the Fourth Circuit of the U.S. Court of Appeals, the Federal Reserve Bank, and nearly a dozen Fortune 500 companies, Richmond's hotel demand generators also include tourism draws such as craft breweries and world-class museums of art and science.

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STR: Most GCC hotel markets report Ramadan decline; results better in Muscat and Dubai
Most major hotel markets in the Gulf Cooperation Council reported performance declines when comparing Ramadan 2017 with Ramadan 2016, according to preliminary data from STR. STR compared the 2017 dates of 26 May through 25 June with the 2016 time period of 6 June through 6 July. Muscat, Oman, was the only market analyzed that reported an increase in revenue per available room (+8.7%). The market's 19.4% increase in occupancy outweighed a 9.0% drop in average daily rate (ADR). Dubai, United Arab Emirates, was the only other market that did not report a significant decline in RevPAR, although performance was nearly flat as a decline in ADR (-1.5%) countered an uplift in occupancy (+1.2%). According to STR analysts, growing hotel supply and geopolitical issues are affecting the region's performance. School terms also factored into performance resultsSaudi Arabia's school term finished earlier, while school in some countries continued through the Ramadan period. Makkah, Saudi Arabia, reported an 8.8% decline in RevPAR, which was primarily the result of a 7.9% drop in occupancy to 74.3%. STR analysts note that key religious tourism source markets, including Egypt and Indonesia, are currently facing currency devaluations against the Saudi Arabian Riyal, making it less affordable for potential visitors from those nations to embark on pilgrimages.Also of note, Qatar reported an occupancy decrease of 7.2% and a drop in ADR of 8.3%.

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STR: US hotel results for week ending 1 July
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 25 June through 1 July 2017, according to data from STR. In comparison with the week of 26 June through 2 July 2016, the industry recorded the following:

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Travel Trends Index: Int'l Travel to U.S. Continues Strong Showing Post-Executive Order
International travel continued to defy the expectations of many in May 2017, according to the U.S. Travel Association's latest Travel Trends Index (TTI), posting its 13th straight month of year-over-year growth.

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Mid-Year Report: 2017 Remains Strong | By Robert A. Rauch
2017 is on pace to be a profitable year but it might spell the end of profitable growth as labor and health care costs are escalating beyond revenue increases. If that occurs, this would be the first year since 2010 where profits did not grow. Our outlook as of mid-year 2017 indicates it will be close but that we will fall short of another year of improved profits.

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Europe's Construction Pipeline Steady Showing 13 Percent Increase YOY
The recent Europe Construction Pipeline currently has 1,062 Projects/172,063 Rooms, up 13% Year-Over-Year (YOY), according to Lodging Econometrics (LE).

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Horwath HTL Special Market Report: Hungary
'Having recovered from the global recession, the Hungarian hotel market, Budapest in particular, is once again growing. However, a shortage in the workforce for the industry is becoming an increasing problem. Attila Radvanszki from Horwath HTL Hungary offers some potential alternatives as a way to mitigate the risk of this becoming a more serious issue.' By Attila Radvanszki of Horwath HTL Hungary. 

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Asia pacific Hotel Investment Dominated by Australia and Hong Kong During First Half Of 2017
Hotel investors remain focused on gateway cities such as Hong Kong, Singapore, Sydney and Melbourne, as they offer positive tourism and trading fundamentals while the long-term demand and supply is in balance. Investors also continue to seek opportunistic investments in key emerging tourism markets such as Vietnam.

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June

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Africa's Hospitality Sector Withstands Economic Headwinds
South Africa's hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate.

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Stable Rates with Declines in Bookings Continue as U.S. Hoteliers Close Out First Half of 2017
Heading into the second half of the year, North American hoteliers are continuing to experience stable average daily rates (ADR) alongside declines in bookings during the second quarter of 2017, according to new data from TravelClick's June 2017 North American Hospitality Review (NAHR). This marks an ongoing trend for hoteliers this year.

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HotStats MENA Chain Hotels Market Review - May 2017
Hotels in Cairo recorded a 42.4 per cent year-on-year increase in profit per room this month as the city's hoteliers enjoy a well-earned resurgence in line with the economic recovery of Egypt, according to the latest data from HotStats.

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HotStats European Chain Hotels Market Review - May 2017
Hotels in Brussels recorded a 116.8 per cent year-on-year increase in profit per room this month, as a result of the Belgian capital hosting the NATO Summit, according to the latest data from HotStats.

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HotStats UK Chain Hotels Market Review - May 2017
Hotels in Bristol recorded a 19.8 per cent increase in profit per room this month, which is more than double the growth in the Provincial UK as the city buzzed with activity, according to the latest data from HotStats.

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U.S. Convention center hotels boost both supply, demand | By John Kelley, III
Municipalities across the United States are seeking approvals, funding or public-private partnerships to develop or redevelop their convention centers with an attached, big-box hotel. City councils in Kansas City and Oklahoma City are in process of getting approvals and funding secured while Portland, Oregon, and Chicago have such projects underway. One of the latest convention center hotel openings in the United States was the 600-room Hilton Cleveland Downtown, which opened on 1 May 2016.

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STR: US hotel results for week ending 24 June
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 18-24 June 2017, according to data from STR.

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Millennial families spending, traveling during a projected travel industry slowdown
In a year of projected slowdown for travel, Millennial families are going to spend more and travel more than all other generational segments according to MMGY Global's Portrait of American Travelers survey. This year's Portrait predicts that the approximately 60 million traveling households in the U.S. will spend up to $5 billion less on leisure travel, which shows a less than 1% dip from its eight-year high in 2016. The 9.5 million households that are American Millennial families, however, intend to spend 19% more on vacations during the next 12 months and intend to travel 35% more than the previous year.

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Why is the Hospitality Industry in Japan Steadily Growing?
The Japanese have a term called \"Omotenashi,\" which signifies the traditionally correct and proper way to treat a guest, and it is this term that has become somewhat of a guiding principle for much of the island nation's hospitality industry.

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Africa's hospitality sector withstands economic headwinds
South Africa's hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate.Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa (www.PwC.co.za), says: \"Africa's hotel sector has remained resilient in the face of strong economic headwinds.\"PwC's 7th edition of the 'Hotels Outlook: 2017-2021' projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5 billion. Overall hotel room revenue for South Africa is expected to expand at a 9.3% compound annual rate to R24.8 billion in 2021 from R15.9 billion in 2016.PwC's report features information about hotel accommodation in South Africa, Nigeria, Mauritius, Kenya and Tanzania. This year we take our African view a step further, with looking into Ghana and Ethiopia as emerging hotel markets.The outlook for 2017 is positive with an increase in the number of international visitors to South Africa expected. Domestic tourism is also anticipated to increase by 2.2% in 2017.\"One of the positive outcomes for the hotel market in South Africa was the amendment of visa requirements that required foreign visitors from certain countries to provide biometric data in person. International visitor numbers to South Africa rebounded significantly in 2016 with a 12.8% increase as compared to the 6.8% decrease in 2015,\" Calicchio comments.Visits from China and India increased in 2016 as a result of the relaxation in the visa requirements; travellers from China to South Africa increased by 38% and India recorded a 21.7% increase. Of non-African countries, the UK is still the largest source of visitors to South Africa at 447 840 in 2016. Of the African countries, the largest number of foreign visitors to South Africa in 2016 came from Zimbabwe at two million, followed by Lesotho at 1.8 million and Mozambique at 1.3 million. In addition, visits from East and Central Africa also rose by 11.2% in 2016.It is pr

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French Travelers Will Travel More This Summer | By tourism-review.com
At the beginning of the summer season, tourism professionals have noticed a sharp rise in the amount of vacations booked by French travelers. This is a recovery that mainly benefits the foreign destinations. According to tour operators and other tourism stakeholders, the number of French travelers leaving for summer vacation will be bigger than last year and they will be traveling more abroad, mainly to Southern Europe and Maghreb. There has been a sharp rise in the number of vacations among French tourists this summer. It is very clear and very significant since we have not seen this level of intention since the beginning of the financial crisis in 2008, Jean-Pierre Mas said; Jean-Pierre Mas is President of Entreprises du Voyage, a professional federation which monitors the reservations made with 850 French travel agencies.

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Is London Tourism Resilient To Terrorism? | tourism-review.com
On June 3, London was struck by a terror attack on London Bridge. As a result, 8 people were killed and 48 injured. In May, a suicide bomber detonated a bomb at the Manchester Arena, killing 23 people. It is clear, that the attacks had to have an impact on London tourism. But how significant was the impact and is the British capital actually a safe city? Despite the terror attacks, London is showing signs of resilience. After the London Bridge attack, there was no significant wave of cancellations of air travel to the UK. But there has been a slow-down in the new bookings, according to ForwardKeys. Similar trend has been recorded all around Great Britain.

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What's Happening in Thailand?
Thailand is an old country, but it has been taking major strides in recent years to become a top player in the modern luxury hospitality game.

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STR: Central/South America hotel performance for May 2017
The hotel industry in the Central/South America region reported higher occupancy levels and lower average room rates year over year during May 2017, according to data from STR.U.S. dollar constant currency, May 2017 vs. May 2016Central/South America

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STR: Europe hotel performance for May 2017
The hotel industry in Europe reported positive results in the three key performance metrics during May 2017, according to data from STR.Euro constant currency, May 2017 vs. May 2016Europe

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STR: Asia Pacific hotel performance for May 2017
The hotel industry in the Asia Pacific region reported positive results in the three key performance metrics during May 2017, according to data from STR.U.S. dollar constant currency, May 2017 vs. May 2016Asia Pacific

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STR: Middle East and Africa hotel performance for May 2017
The hotel industry in the Middle East reported negative results during May 2017, while hotels in Africa recorded mixed results in the three key performance metrics, according to data from STR.U.S. dollar constant currency, May 2017 vs. May 2016Middle East

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STR: US hotel results for week ending 17 June
The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 11-17 June 2017, according to data from STR. In comparison with the week of 12-18 June 2016, the industry recorded the following:

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More growth forecasted for Canadian hotel industry
Canada's hotel industry is projected to report further performance growth through 2018, according to a quarterly forecast report from STRand Tourism Economics.Canada reported a 5.5% increase (Canadian dollars) in revenue per available room during the first quarter of 2017. Growth was driven equally by occupancy (+2.7%) and average daily rate (+2.7%). For the remainder of the year, STR and Tourism economics project RevPAR increases of 5.0% (Q2), 2.7% (Q3) and 4.2% (Q4). \"Canada has really only seen three periods with significant performance declines during the past 25 years,\" Owoo said. \"Ever since the last downturn, demand in the country has largely outgrown supply, which has yielded relatively sustained increases in occupancy and six straight years with RevPAR growth.\" The top three room-revenue-generating markets in the country are each expected to record RevPAR growth between 5% and 10% for total-year 2017. Last year, Toronto contributed the highest share (11.1%) of room revenue in the country, followed byVancouver (8.4%) and Montreal (7.3%). During Q1 2017, Montreal posted RevPAR growth of 13.5%, driven primarily by an 8.9% surge in occupancy. RevPAR growth was lower than forecasted in Toronto (+6.9%) and Vancouver (+5.4%).

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What's Going on in Russia?
In the global hospitality industry, Russia can be a bit under the radar at times, but a closer look into what's going on there is likely to reveal exciting conditions, a diverse array of geography, and mega hotels in the pipeline that are on par with the largest new construction in the world.

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Horwath HTL Special Market Report: New Zealand
The New Zealand hotel industry is continuing to perform strongly, with occupancies and room rates breaking last year's highs.Strong economic conditions and 3-4 years of unexpectedly strong growth in international visitor arrivals have generated increasingly strong demand for hotel accommodation. Written by Stephen Hamilton of Horwath HTL New Zealand.

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Horwath HTL Special Market Report: Morocco
With its coastline, mountains and desert, a rich cultural and historical heritage and its strategic location within the Mediterranean, Morocco benefits from a strong tourism potential.

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STR: Caribbean/Mexico hotel pipeline for May 2017
STR's May 2017 Pipeline Report shows 39,434 rooms in 226 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 39.0% increase in rooms Under Contract compared with May 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 13,503 rooms in 82 projects In Construction for the month. Based on number of rooms, that is a 7.0% increase in year-over-year comparisons. Three countries in the region reported more than 1,000 rooms In Construction:

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STR: Central/South America hotel pipeline for May 2017
STR's May 2017 Pipeline Report shows 60,167 rooms in 385 hotel projects Under Contract in the Central/South America region. The total represents a 10.3% decrease in rooms Under Contract compared with May 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 29,687 rooms in 184 projects In Construction for the month. Based on number of rooms, that is a 0.2% increase in year-over-year comparisons. Four countries in the region reported more than 1,000 rooms In Construction:

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STR: US hotel results for week ending 10 June
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 4-10 June 2017, according to data from STR. In comparison with the week of 5-11 June 2016, the industry recorded the following:

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HotStats MENA Chain Hotels Market Review April 2017
Leisure Demand Fuels Profit Growth at Hotels in Dubai Strong growth in both volume and price in the leisure segment helped hotels in Dubai secure one of the most significant increases in top and bottom line performance in recent years, according to the latest data from HotStats.

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STR: Asia Pacific hotel pipeline for May 2017
STR's May 2017 Pipeline Report shows 609,417 rooms in 2,760 hotel projects Under Contract in the Asia Pacific region. The total represents a 3.8% increase in rooms Under Contract compared with May 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Asia Pacific region reported 271,915 rooms in 1,189 projects In Construction for the month. Based on number of rooms, that is a 4.3% increase in year-over-year comparisons. Four countries in the region reported more than 10,000 rooms In Construction:

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STR: US hotel pipeline for May 2017
STR's May 2017 Pipeline Report shows 580,068 rooms in 4,806 hotel projects Under Contract in the United States. The total represents a 13.8% increase in the number of rooms Under Contract compared with May 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 191,832 rooms in 1,477 projects. Based on the number of rooms, that is a 16.4% increase in year-over-year comparisons. \"After two straight months with a decrease, we saw the total number of rooms under construction rise by more than 2,000 from April to May,\" said Bobby Bowers, STR's senior VP for operations. \"At the same time, year-over-year growth is much lower than last year, so it remains unclear if this is in fact the beginning of a slowing development period. The numbers show that there is still an appetite for new construction projects, but it will be interesting to see if that appetite correlates with further slowing in industry performance growth.\"Among the Top 26 Markets, New York, New York, reported the most rooms Under Contract (27,806 rooms) and most rooms In Construction (15,473 rooms). Three additional markets each reported more than 15,000 rooms Under Contract for the month: Dallas, Texas (18,386 rooms); Houston, Texas (16,613 rooms); and Los Angeles/Long Beach, California (15,663 rooms). After New York, four other markets reported more than 5,000 rooms In Construction: Dallas (7,503 rooms); Los Angeles/Long Beach (5,887 rooms); Nashville, Tennessee(5,335 rooms); and Seattle, Washington (5,325 rooms). Two markets each reported fewer than 1,000 rooms In Construction: Norfolk/Virginia Beach, Virginia (283 rooms), and Oahu Island, Hawaii (180 rooms).

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HotStats UK Chain Hotels Market Review April 2017
Events Fuel Profit at Edinburgh HotelsAn array of major events across leisure and business segments fuelled a 52.2 per cent year-on-year increase in profit per room at Edinburgh hotels this month, according to the latest data from HotStats.

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STR: Europe hotel pipeline for May 2017
STR's May 2017 Pipeline Report shows 167,543 rooms in 1,074 hotel projects Under Contract in Europe. The total represents a 15.3% increase in rooms Under Contract compared with May 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.Europe reported 77,360 rooms in 487 projects In Construction for the month. Based on number of rooms, that is a 21.3% increase in year-over-year comparisons. Four European countries reported more than 5,000 rooms In Construction:

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Key Takeaways: 2017 NYU International Hospitality Industry Investment Conference | By Chris Fernandes
Manhattan's Marriott Marquis once again welcomed the most prominent leaders in the hospitality industry for the 2017 NYU International Hospitality Industry Investment Conference, held June 5 and 6. Over the two-day event, industry experts gathered to share their opinions on a wide variety of ownership, management, branding, lending, and economic topics. Despite uncertainties in today's global political and economic climates, the overall tone remains one of cautious optimism.

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HVS 2017 Hotel Cost Estimating Guide | By Warren G Feldman, Scott P. Rosenberg and Christine Shanahan
HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2017 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA.

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STR: US hotel results for week ending 3 June
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 28 May through 3 June 2017, according to data from STR. In comparison with the week of 29 May through 4 June 2016, the industry recorded the following:

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STR: 2017-18 school break calendars will alter hotel demand patterns
The School Break Report from STR shows two significant school holiday shifts for the 2017-18 academic year and a wide variance in overall U.S. school calendars. \"Hoteliers continue see how holiday calendar shifts of two weeks or even one day can impact a significant period of demand,\" said Chris Klauda, STR's director of destination research. \"We will see several important shifts this year, such as a more concentrated spring break and more students on break during the first week of January. It is vital to identify and anticipate these specific patterns of the markets feeding hotel business.\" Key findings from the 2017-18 School Break Report include:

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STR: Preliminary May data for Sydney hotels
STR's preliminary May 2017 data for Sydney, Australia, indicates significant performance growth. Based on daily data from May, Sydney reported the following in year-over-year comparisons:

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STR: Preliminary May data for Hong Kong hotels
STR's preliminary May 2017 data for Hong Kong indicates performance driven by strong demand. Based on daily data from May, Hong Kong reported the following in year-over-year comparisons:

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STR: Preliminary May data for Berlin hotels
STR's preliminary May 2017 data for Berlin, Germany, indicates significant occupancy levels and strong performance growth. Based on daily data from May, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary May data for London hotels
STR's preliminary May 2017 data for London, England, indicates continued strong performance growth. Based on daily data from May, London reported the following in year-over-year comparisons:

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Italy, a sure thing for hotel developers
Italy has an ever-appealing charm the food, the passion, the beautiful coastline and incredibly historic cities, the architecture and of course, the landscapes. For centuries, Italy has attracted holidaymakers, and continues to do so today, making it almost a sure thing for hotel developers.

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EY's Global hospitality insights - Top 10 thoughts for 2017
The hospitality industry continues to play an integral and robust role in the global economy. In 2016, key themes in the sector included innovation, globalization, technology and consolidation. Cross-border investment, large-scale mergers and acquisitions, and technology, such as data analytics, have changed the global landscape for hospitality executives.

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Many new hotels in the pipeline in South East Asia
South East Asia is currently experiencing a construction boom, with an incredible 437 hotels being built in the region at the moment. Across the area's nearly 10 countries, properties by big name operators and independent hotel developers alike are breaking ground with a view to opening in the coming years. South East Asia has long been a desirable destination for those looking for sun-soaked beaches, great food, incredible landscapes and exotic and tropical getaways. Thailand and Indonesia are some of the most visited tourist regions on the planet, and even lesser visited countries such as Myanmar and Cambodia are experiencing growth due to a push by their governments to boost the economy through tourism, cemented by new figures released by TOPHOTELPROJECTS that Myanmar will receive 17 new hotels, while Cambodia is set to benefit from 15 new projects. One of Myanmar's most talked about projects is the Pan Pacific Yangon, a new build, luxury 5-star hotel with 348 rooms that will form part of a complex that also has office and retail space.

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French Tourism Has Regained Its Vitality | tourism-review.com
Sunshine, a rediscovered morale, foreign tourists coming back after the impact of the terrorist attacks has faded, and the zest of the Macron effect: this is the cocktail of success that the French tourism sector experienced this spring season. We had a very, very, very good month of April, said Xavier Bailly, administrator of the Abbey of Mont Saint Michel, one of the most visited cultural sites in France. Its visitation rate had suffered after the November 2015 terrorist attacks in Paris and the July 2016 attacks in Nice. It has increased by nearly 7% since the beginning of the year.

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Austria And Other European Destinations In Low-Price Trap | tourism-review.com
European countries are currently experiencing a slight tourism industry boom, however some problems become more and more obvious. One of them could be called the low-price trap. For example, in Austria, despite the increasing number of overnight stays, many Austrian travel and hospitality providers are facing existential problems. oHV (Austrian Association of Hoteliers) boss Michaela Reitterer sees the core of the industry's problem in low-price tourism. There are two sides of the current tourism situation in Europe. Official bodies are celebrating an increase in the number of overnight stays and sale increases. However, the industry representatives see the situation somewhat differently.

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STR, TE Forecast: Modest growth to continue for U.S. hotels
The U.S. hotel industry is projected to report continued modest growth through 2018, according to STR and Tourism Economics' latest forecast released on Monday at the NYU International Hospitality Industry Investment Conference.\"The political and economic climate in the country continues to evolve with uncertainty. That coupled with lower than expected pricing power during the first quarter led us to decrease our ADR growth projections,\" said Amanda Hite, STR's president and CEO. \"Nonetheless, signs continue to point toward business as usual for this stage in the industry cycle. Accelerating supply growth is pressuring occupancy levels, but rate increases will continue to push overall RevPAR growthalbeit below the historical average.\"

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Horwath HTL Special Market Report: France
After an economic standstill, the French economy has shown signs of recovery, with a GDP growth by 1.2% in 2016 almost at par with 2015. Following the election of Emmanuel Macron as the new President of France, economic forecasts for 2017 - 2018 are positive with strong expectations and we expect an increase of business investments.

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[VIDEO] 2017 Trends In The Hotel Industry Results | By Robert Mandelbaum
In this video Robert Mandelbaum , Director of Research Information Services for CBRE Hotels' Americas Research, discusses the highlights of the firms' 2017 Trends in the Hotel Industry report. In 2016, U.S. hotel operators were able to extract a 3.7 percent gain in gross operating profits from a 2.4 percent increase in total operating revenue. This was accomplished by controlling the rise in operating expenses to just 1.6 percent.

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STR: US hotel results for week ending 27 May
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 21-27 May 2017, according to data from STR. In comparison with the week of 22-28 May 2016, the industry recorded the following:

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New Hong Kong hotel constructions indicate continued growth in China
Two new projects in Hong Kong point to the continued health of the Chinese tourism industry. Often cited as one of the fastest growing hospitality industries in the world, China is seeing urban centres as well as more rural areas finding a boost in their economy owing to increased local and international tourism to the region, all of which means good news for hotel developers and investors. Hong Kong, of course, is often one of the first cities to benefit from this steady stream of tourists reaching China's shores, and two projects in the city are currently in progress and are due to welcome guest towards the end of this year and next.

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GST & the Indian Hospitality Sector Second Fiddle Treatment
Generating over US$ 200 Billion in revenue and providing over 40 million people a livelihood in 2016, the Travel & Tourism industry contributed almost 10% to the nation's Gross Domestic Product, earning India the 7th rank in the world, according to a recent report by the World Travel and Tourism Council (WTTC). The hospitality sector provides for a critical and inherent part of this contribution. The honorable Prime Minister has repeatedly spoken about Tourism being an intrinsic part of his vision from an economic growth perspective. Measures such as the 'Make in India' campaign and the provision for E-Visas to most of the planet were met with applause and cheer by stakeholders in the business. One almost began to believe that the Travel & Tourism industry had finally begun to receive the attention it rightfully deserved. In recent events, including the highly contentious highway liquor-ban and the just declared Goods & Services Tax announcement, it appears that while sectors such as aviation and tour operators are likely to be satisfied with the slabs extended to them, the Hospitality business has been extended the second fiddle treatment.Hotel projects tend to be highly capital intensive, necessitating laborious & tedious years from a construction standpoint, require extended gestation periods for breakeven and are frequently plagued by tribulations such as a very high cost of borrowing, relatively short repayment schedules as well as a maze of licenses, permits & approvals that are often marred with red-tapeism and bureaucracy. Hotel performances are easily and instantly impacted by altering socio-economic and political forces and the business is inherently cyclical from a performance stand-point to begin with. It would be fair to say that the brave hearts who choose to invest in this business aren't necessarily signing up for an easy ride.A couple of months ago, the courts, in their wisdom, imposed a blanket ban on vending of alcohol within 500-meters of all nat

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May

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STR: London hotels set to continue strong year with a series of summer events
Following a record-breaking Q1, and in anticipation of several summer events that are likely to boost hotel demand, STR and Tourism Economics have lifted their 2017 market forecast for London, England. STR analysts note that hotel performance in the U.K. capital could reach record actual levels between late June and mid-July. On Wednesday, 28 June, Adele will kick off a four-night concert series at Wembley Stadium. The day following the final show, Wimbledon 2017 begins, positioning the market for a 19-day period that is expected to bring both high occupancy levels and average daily rate (ADR). Adele Wembley Concerts (28 June 2 July)This hometown series will conclude the Adele Live 2017 tour, which has already broughtsignificant hotel business for many international markets. All four nights are sold out, and STR analysts project that rates for hotels within reasonable access to Wembley Stadium should spike. London hotel rates have reached significantly high levels when other major acts have performed at Wembley:

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The Popularity Of Naturism In Spain Keeps Growing | Tourism-review.com
All over Europe, more than 20 million people engage in naturism, or naturist tourism. Without having Spain as a competitor, countries such as Germany, France and Greece have made their way to the top of the list of naturist destinations. While in these countries there exists a more deep-rooted tradition, this type of tourism didn't arrive in Spain until 1975 and its exploitation was paralyzed 10 years after it began. Naturism in Spain is lagging behind but it is developing fast. According to a study conducted by Hosteltur, more than 30 000 people routinely engage in naturism in Spain and more than 500 000 do so occasionally. Despite the large number of interested people, the scarceness of offerings in Spain cannot keep up with the demand for naturist destinations.

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trivago Reveals 2017 Summer Travel Trends for Ireland | By Aly Thompson
In preparation for the busy summer season, we've analysed trivago data to identify the biggest summer travel trends for Ireland. These insights into traveller search behaviour reveal where visitors to Ireland are coming from, which cities they're going to, how long they'll stay and how much they'll pay this summer.

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trivago Reveals 2017 Summer Travel Trends for the UK | By Aly Thompson
Summer is just around the corner, and what better way to prepare for the busy season than to check out summer travel trends for the United Kingdom. We've analysed search behaviour data for travellers on trivago to reveal where they're coming from, what cities they're going to, how long they'll stay and how much they'll pay this summer.

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Steady Rates and Inconsistent Bookings Mark Ongoing Trend for North American Hoteliers
Heading into the summer months, North American hoteliers are continuing to experience stable average daily rates (ADR) alongside decreases in bookings during the second quarter of 2017. According to new data from TravelClick's May 2017 North American Hospitality Review (NAHR), this marks an ongoing trend from earlier in the year.

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A Look at Europe's Most Glamorous New 5-Star Hotels
There is perhaps no country as closely associated with luxury travel as Europe, with its wide breadth of cities that have long been among the most glamorous and fascinating in the world, cities such as London, Paris, Berlin, Madrid, Milan, and Prague.

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Tourico Holidays Data Shows Strong U.S. Hotel Market
Tourico Holidays, the world's fastest growing wholesale travel brokerage company, today shared encouraging data for the United States hotel industry, revealing an 8 percent overall increase in U.S. hotel bookings in 2016, compared to the prior year and an additional 6.5 percent increase through the first 18 weeks of 2017.

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The Market Share Of Airbnb In The Netherlands Rising Sharply | tourism-review.com
In 2016, in Amsterdam there were almost 1.7 million booked nights through Airbnb. An increase of as much as 125% compared to 2015. The market share exploded thereby to 10.7% (from 5.4%) compared with hotels. For the first time, Airbnb in the Netherlands was also analyzed in The Hague and Rotterdam. The market share here was 7.3% and 6.5%, respectively, according to a joint study by Colliers International and Hotel School in The Hague. Most Airbnb bookings take place in the central part of the city. 64% of room nights are booked in five districts: Centre-West, Baarsjes & Old West, Centre-East, Pipe and Westerpark. Contrary to what Airbnb says, tourists do not spread throughout the city.

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Top 10 Hotel Brands in the United States
The United States has long been an important and leading market in the global hospitality industry, rich with a variety of cities and regions to entice tourists, as well as a vital business traveler economy thanks to cities like Los Angeles, Miami and, of course, New York.

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Futuristic hotel designs all the rage in Asia and the Middle East
A number of hotels boasting futuristic designs are currently in the pre-planning stages across the Middle East and Asia. Hotels in Dubai, Vietnam and South Korea are ambitious in their designs, which range from biologically-inspired complexes which radiate out into the lagoon beyond, to soaring towers that stretch into the sky above.

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Meet the Money 2017 Key Takeaways | By Shannon L. Sampson, Benjamin A. Levin and Aaron Solaimani
The 2017 Meet the Money National Hotel Finance & Investment Conference, held May 810 in Los Angeles, brought together a strong showing of hotel owners, investors, lenders, brokers, consultants, franchisors, and brand representatives. Top U.S. hospitality executives served on panel discussions that addressed an array of topics related to hotel ownership, development, and financing, as well as the recent proliferation of new hotel brands and the impact of the global economy on the industry. True to this year's theme, \"Opportunity or Peril: Finding the Right Key to the Right Door,\" a sense of cautious optimism echoed throughout the conference, supported by reports of continued hotel performance improvements in markets nationwide, balanced by the potential effects of the supply pipeline and global markets in the next 12 to 18 months.

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In Focus: Countryside of Tuscany, Italy | By Ezio Poinelli, Pavlos Papadimitriou and Nana Boussia
Tuscany is a region in central Italy with an area of about 23,000 km2 and a population of about 3.8 million (2013). The regional capital and most populated town is Florence with approximately 370,000 inhabitants while it features a Western coastline of 400 kilometers overlooking the Ligurian Sea (in the North) and the Tyrrhenian Sea (in the Center and South).

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STR: US hotel results for week ending 20 May
The U.S. hotel industry reported flat occupancy and slightly higher rates year over year during the week of 14-20 May 2017, according to data from STR. In comparison with the week of 15-21 May 2016, the industry recorded the following in the three key performance metrics:

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STR: Multiple European hotel markets post record performance
The European hotel industry reported growth in each of the three key performance metrics through the first four months of 2017, according to April year-to-date data from STR. In addition, 12 of Europe's key markets reached record-breaking levels in year-to-date revenue per available room (RevPAR). When reported in euro constant currency, Europe posted the following April year-to-date figures in comparison with the first four months of 2016:

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STR: Central/South America hotel performance for April 2017
The hotel industry in the Central/South America region reported negative results in the three key performance metrics during April 2017, according to data from STR.U.S. dollar constant currency, April 2017 vs. April 2016

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STR: Asia Pacific hotel performance for April 2017
The hotel industry in the Asia Pacific region reported positive results in the three key performance metrics during April 2017, according to data from STR.U.S. dollar constant currency, April 2017 vs. April 2016Asia Pacific

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STR: Middle East and Africa hotel performance for April 2017
The hotel industries in the Middle East and Africa each posted growth in the three key performance metrics during April 2017, according to data from STR.U.S. dollar constant currency, April 2017 vs. April 2016Middle East

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Where Will Holiday Inn Grow Its Footprint in 2017?
The InterContinental Makati was recently demolished, and then the Holiday Inn Clark was rebranded. As a result, the InterContinental Hotel Group currently has a mere three hotels located in the Philippines.

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Knowledge Center After Strong First Quarter, CBRE Forecasts Eighth Consecutive Year of Occupancy Growth for U.S. Hotels
The U.S. lodging industry started 2017 on a strong note. During the first quarter of 2017, hotel demand increased by 2.8 percent. The result was an occupancy of 61.1 percent, the highest first quarter occupancy rate reported by STR in the past 30 years.

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U.S. Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC
Encouraged by the prospect of a strengthening economy, US lodging performance continued to improve in the first quarter of 2017 according to the updated lodging forecast released today by PwC US. Despite a weak first quarter GDP growth estimate of 0.7 percent, lodging demand increased at the strongest quarterly rate since the first quarter of 2015, supporting modest growth in both occupancy and average daily rate (ADR). Overall, revenue per available room (\"RevPAR\") increased 3.4 percent.

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Jordan reviews tourism sector as revenues remain static since last year
Tourism officials in Jordan have been reviewing developments in the country's tourism sector as revenues from 2016 are on par with takings from 2015 despite a reported rise in the number of visitors to the Western Asian kingdom. Jordan is home to an incredible 100,000+ sites of religious and archaeological sites and spectacular landmarks that draw tourists from all around the world, namely the historical cities of Petra and Jerash, and biblical sites including Al-Maghtas and Mount Nebo. These sites are significant to both Islamic and Christian faiths, but Jordan also sees visitors coming for the purposes of medical tourism, where people come to receive medical attention that cannot be found in other places in the region.

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STR: US hotel results for week ending 13 May
The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 7-13 May 2017, according to data from STR. In comparison with the week of 8-14 May 2016, the industry reported the following:

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The Colombia hotel project pipeline
TOPHOTELNEWS recently reported on the increasing growth of Colombia's tourism industry following new peace deals in the South American country. The Economist, chose Colombia as \"Country of the Year\" 2016. The publication stressed that it was the country with the most achievements during the current year.

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Canadian Lodging Outlook Quarterly 2017-Q1
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.

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STR: Caribbean/Mexico hotel pipeline for April 2017
STR's April 2017 Pipeline Report shows 40,657 rooms in 222 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 41.6% increase in rooms Under Contract compared with April 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Caribbean/Mexico region reported 15,781 rooms in 86 projects In Construction for the month. Based on number of rooms, that is a 23.2% increase in year-over-year comparisons. Three key markets reported more than 1,000 rooms In Construction:

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STR: Central/South America hotel pipeline for April 2017
STR's April 2017 Pipeline Report shows 61,110 rooms in 390 hotel projects Under Contract in the Central/South America region. The total represents a 10.6% decrease in rooms Under Contract compared with April 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 30,014 rooms in 187 projects In Construction for the month. Based on number of rooms, that is a 3.6% decrease in year-over-year comparisons. Two key markets reported more than 1,000 rooms In Construction:

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STR: Asia Pacific hotel pipeline for April 2017
STR's April 2017 Pipeline Report shows 608,581 rooms in 2,753 hotel projects Under Contract in the Asia Pacific region. The total represents a 3.8% increase in rooms Under Contract compared with April 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Asia Pacific region reported 270,115 rooms in 1,185 projects In Construction for the month. Based on number of rooms, that is a 6.5% increase in year-over-year comparisons. Four key markets in the region reported more than 5,000 rooms In Construction:

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Barcelona In Need Of A New Tourism Model | tourism-review.com
The tourism sector in Barcelona continues to break records. In 2016, the number of visitors reached an all-time high topping the previous year's record numbers with 18.5 million nights spent. This performance places Barcelona far ahead of other European cities such as Milan, Geneva, Munich and Vienna. However, mass tourism has caused many troubles to the locals and a new tourism model is necessary to develop. The perception of Barcelona's residents has been changing. While the great majority still considers tourism to be a beneficial activity for the city, an increasing number of people is of the opinion that tourism has reached its maximum potential, as per the results of the Tourism Perception Survey for the City of Barcelona.

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Russia Lacks Quality Economy Class Hotels | tourism-review.com
Quality economy class hotels are hard to find in Russia, according to a survey of hotel operators by RBTH. In the majority of cases, in lieu of economy hotels, tourists are being offered rooms in run-down Soviet era establishments or in mini-hotels (of 20 to 40 rooms). Vadim Prassov, Vice-President of the Russian Federation of Restaurant and Hotel Operators, explained that the situation varies from city to city: in some places, mini-hotels are able to compensate for up to 70% of the lack of good quality economy class hotels. As far as larger hotels are concerned, the situation depends on the policies of the local authorities, whether they offer incentives to investors.

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Muslims Traveling To Japan In Greater Numbers | tourism-review.com
The total number of people traveling to Japan in 2016 was above 24 million, a figure that is more than the 20 million target set by the national government for 2020. This achievement came just 4 years before the set data and visitors from Muslim nations represented a steadily increasing part of the total amount. Japan has embraced halal tourism several years ago and the effects are quite visible. The number of people traveling to Japan from Muslim nations is growing. The qiblah (arrows pointing towards Mecca) can be found now in many Japanese hotel rooms, airports and shopping centers are equipped with prayer rooms, and halal food has become a staple in many Japanese restaurants. Several companies that do business with Muslim nations also offer halal food in their cafeterias. Moreover, there has been a steady increase in the number of Muslims settling down in Japan.

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Number Of Tourists In Berlin Up, Overnight Stays Downs | tourism-review.com
The number of tourists visiting the German capital has increased by three percent in the first quarter of 2017. At the same time, the number of overnight stays has decreased. The neighbor city of Potsdam feels the positive impact of Berlin's tourism boom. In the first three months of 2017, Berlin accommodation providers reported more arriving guests than in the same period last year. The Berlin-Brandenburg Statistical Office reported that the number of tourist arrivals rose by 3 percent to approximately 2.7 million. On the other hand, the number of overnight stays fell by 0.3 percent to 6.3 million. This includes 2.8 million overnight stays by foreign guests. The data represent an increase of 0.5 percent compared to the previous year. The average length of stays is 2.3 days.

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STR: US hotel pipeline for April 2017
STR's April 2017 Pipeline Report shows 580,427 rooms in 4,843 hotel projects Under Contract in the United States. The total represents a 14.7% increase in the number of rooms Under Contract compared with April 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 189,806 rooms in 1,456 projects. Based on the number of rooms, that is a 17.9% increase in year-over-year comparisons. \"Activity is certainly up year over year, but we have actually seen total room construction numbers decrease for two straight months now,\" said Bobby Bowers, STR's senior VP for operations. \"Year-over-year growth also is lower than this time last year, so while we won't know for sure for another several months, perhaps we are seeing the beginning of a slowing development activity period.\"Looking at construction activity among the Chain Scale segments, Upper Midscale (64,269 rooms in 625 hotels) accounted for the most rooms In Construction followed by Upscale (59,979 rooms in 446 hotels). \"Limited service still accounts for roughly two-thirds of all hotel construction in the country,\" Bowers said. \"But the influx of new supply didn't seem to upset Upscale and Upper Midscale performance during the first quarter. Helped by the Easter calendar shift, room demand growth was the highest in those two segments.\"Despite representing the lowest number of rooms in the pipeline, the Economy segment reported the largest percentage increase for rooms Under Contract (+124.6% to 10,626 rooms). The Upper Upscale segment reported the largest percentage increase for rooms In Construction (+66.1% to 26,363 rooms).

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In Focus: Malaysia A Rising Opportunity | By Stephanie Bernhard, Hatta Teo and Hok Yean CHEE
Located in Southeast Asia, Malaysia comprises 13 states and three federal territories covering a total area of 329,847 square kilometres across Peninsula Malaysia and East Malaysia.Malaysia's population is approximately 31.7 million (2016 government estimate) with 60% being of Malay heritage. The country's diversity is reflected in the share of different ethnic groups, such as Chinese, Indians and Indigenous, in its total population.Kuala Lumpur, the administrative and commercial capital of Malaysia, is rapidly developing its service sector (banking and finance), IT and high-tech manufacturing industry to diversify from its historically strong oil and gas industry.With significant efforts made to attract multinational companies to Kuala Lumpur resulting in newly generated job opportunities, Greater Kuala Lumpur's (or Klang Valley's) population is expected to grow from 7.2 million in 2016 to 10 million in 2020.

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STR: Middle East and Africa hotel pipeline for April 2017
STR's April 2017 Pipeline Report shows 156,445 rooms in 563 hotel projects Under Contract in the Middle East and 59,632 rooms in 324 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 2.5% increase in rooms Under Contract compared with April 2016. Specifically in the In Construction phase, the Middle East reported 83,980 rooms in 272 hotels. Based on number of rooms, that is a 3.8% increase in year-over-year comparisons. The Under Contract total in Africa represents an 8.3% increase in rooms Under Contract compared with April 2016. Specifically in the In Construction phase, Africa reported 31,004 rooms in 172 hotels. Based on number of rooms, that is a 3.8% increase in year-over-year comparisons. Four key markets in the Middle East and Africa region reported more than 5,000 rooms In Construction:

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STR: Europe hotel pipeline for April 2017
STR's April 2017 Pipeline Report shows 167,950 rooms in 1,068 hotel projects Under Contract in Europe. The total represents a 15.3% increase in rooms Under Contract compared with April 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.Europe reported 77,280 rooms in 484 projects In Construction for the month. Based on number of rooms, that is a 22.0% increase in year-over-year comparisons. Six key markets reported more than 2,000 rooms In Construction:

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Soft Brands - Future Opportunities in the Canadian Market | By Meagan Barley
Soft brands represent the movement of brand affiliations into the independent hotel market, bringing distinctive properties into an affiliation that expands the franchise company's audience while nurturing the creation of unique property-specific experiences for guests. By associating an independent property with a soft brand, the hotel is able to benefit from the expansive distribution channels and marketing reach associated with a brand. At the same time, the soft brand allows the hotel the freedom to define and shape the product offering. For the traditional hard-branded hotel, the core selling feature is the highly controlled, uniform guest experience across every hotel with the same name. In contrast, the soft brand allows the hotel to be special, characterized by the geography and culture of the region in which it is situated and the history of its own creation; only service standards and soft touches are maintained across all properties stamped with the same soft brand. In short, the soft brand creates a synergistic relationship between the service standards associated with a brand and the character of an independent hotel.

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Uncertainty in tourism sector among BREXIT affected countries
Concern in key tourism industries is mounting following the triggering of Article 50 at the end of March, Theresa May's calls for a snap general election in June and rumours of frosty discussions between the British PM and European leaders in recent weeks. All of these factors point increasingly to a hard Brexit, a worrying consequence of the referendum that could see airlines with their headquarters and majority of their employee base in the UK forced to relocated to the EU once Britain leaves the union. CEOs of EasyJet and IAG, the firm which owns British Airways, are confident that while there will almost certainly be more red tape for airlines operating out of the UK, that not much will change in terms of their business or their customer appeal. Ryanair CEO, however, feels differently, saying that \"I think there's going to be less flights, there will be less growth in the UK in the next number of years and that inevitably means higher prices for UK consumers and visitors.\" A bleak outlook indeed.

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STR: US hotel results for week ending 6 May
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 30 April to 6 May 2017, according to data from STR. In comparison with the week of 1-7 May 2016, the industry reported the following:

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Will Cuba Become the Caribbean's Best Destination?
Will Cuba Become the Caribbean's Best Destination? Don't get them wrong: The all-inclusive, oceanside resort that Georgetown University Hospitality students visited during their recent trip to Cuba was wonderful, and all anyone could ask of an all-inclusive, oceanside resort. It just didn't say \"Cuba.\"

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Hotel Bulletin Q1 2017 | By Russel Kett
AlixPartners, AM:PM and HVS have published the Q1 2017 Hotel Bulletin. The Hotel Bulletin analyses demand, supply pipeline and transactions in the hotel market in 12 cities across the UK. Includes a focus on branded hotel supply in the UK.

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Cuba's New Luxury Hotels Look to Lure Waves of U.S. Tourists | nytimes.com
In Havana's Parque Central, shady stone benches and graceful palm trees beckon to mojito-sipping tourists and locals gathering to shoot the breeze. The gathering spot, in the center of town, is surrounded by horse-drawn carriages and long lines of colorful finned-and-chromed 1950s cars. But more utilitarian vehicles have recently begun circling the square: construction equipment transforming old buildings into luxury hotels. As Cuba's relationship with the United States grows warmer, real estate redevelopment is heating up, too.

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2017 Middle East Hotel Survey Chaos, Consolidation & Opportunity | By Aaron Laurie and Hala Matar Choufany
The region continues to face distraught; dwindling economic conditions, changing demographics and source markets, and a saturation of luxury hotels pose an opportunity for developers to build mid-market.

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HotStats MENA Chain Hotels Market Review March 2017
Plummeting Room Rates Threaten Profit Levels at Abu Dhabi Hotels Despite room occupancy levels at hotels in Abu Dhabi remaining above 80 per cent this month, the relentless decline in achieved average room rate is threatening both top and bottom line performance levels, according to the latest data from HotStats.

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Oman being earmarked as new tourist destination
The Middle Eastern country of Oman is the subject of some reimagining of its potential from within the region. A panel discussion by the Majlis al-Shura, the region's political and advisory body, stated that more was to be done to tap into the underexploited resource of Oman's tourism industry. According to a report by the Committee on Addressing the Economic Crisis and its Impact on the Society, Oman should be monitoring tourism patterns and activities and investigating ways in which the culture, heritage and geography of Oman could be used to increase the tourism sector in the area so that it would benefit the economy.

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STR: Preliminary April data for Singapore hotels
STR's preliminary April 2017 data for Singapore indicates lower occupancy levels and room rates. Based on daily data from April, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary April data for Abu Dhabi hotels
STR's preliminary April 2017 data for Abu Dhabi, United Arab Emirates, indicates occupancy growth and lower room rates. Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:

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STR: Preliminary April data for Munich hotels
STR's preliminary April 2017 data for Munich, Germany, indicates steep performance declines due to an off year for the triennial Bauma trade fair. Based on daily data from April, Munich reported the following in year-over-year comparisons:

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STR: Preliminary April data for London hotels
STR's preliminary April 2017 data for London, England, indicates record-breaking performance. Based on daily data from April, London reported the following in year-over-year comparisons:

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Top 5 Least Competitive Tourism Markets In Europe | Tourism-review.com
For the past 11 years, The World Economic Forum has engaged leaders in the tourism industry to carry out in-depth analyses of the travel and tourism competitiveness of 136 economies across the world. Thus, the Travel and Tourism Competitiveness Index was created. It is supposed to measure the set of factors and policies that enable the sustainable development of the travel and tourism sector, which in turn, contributes to the development and competitiveness of a country. This year's index showed many surprises as well as expected things. Tourism-Review.com brings you the Top 5 Least Competitive Tourism Markets in Europe based on the Tourism Competitiveness Index. Somewhat unsurprisingly, almost all of these countries are located in the Balkans.

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Antarctic Tourism Booming, Chinese Visitors Increasing | Tourism-review.com
The white continent, and more specifically its peninsula, welcomed 44 367 tourists during the winter of 2016/17, according to the International Association of Antarctica Tour Operators (IAATO). This represents a 15% increase compared to the previous Antarctic tourism season. Further rise of 5% is anticipated for 2017/2018 some 46 385 passengers surpassing the historical record established during the winter of 2007/2008 (46 265 persons). Just for the record, after this season, visitation numbers dropped sharply after the enactment in 2010 of more stringent regulations for vessels wishing to navigate within this zone. Only 20 out of the 49 vessels which had been traveling to Antarctica were able to continue offering cruises in the region, which restricted Antarctica tourism to only 15 000 passengers.

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Poland Increasingly Popular Despite Travel Safety Issues | tourism-review.com
Sea, mountains, cuisine, hospitality and security. Foreign tourists love Poland and throughout the last couple of years the destination has become even more popular. However, the travel safety has become troublesome recently. In the latest report of the World Economic Forum, Poland was ranked 48th in terms of travel safety and security of a country. This is a fall by 13 positions compared to 2015. In assessments, the issues like crime rate and terrorist threat were taken in to account. In the same report Poland's great attractions, well-maintained and quality hotel infrastructure were highlighted. Tourism in Poland seems not harmed much by the security troubles.

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Singapore's hotel market to expand in 2017
Asia's fiercest global hub looks gain a string of new hotels this year and beyond. Singapore has long been the haunt of wealthy tourists who flock to its shores to experience one of the most advanced cities in the world. A total of 18 new project are planned for Singapore in the coming years, with 12 set to open in 2017, 3 in 2018 and 3 more in 2019.

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HotStats UK Chain Hotels Market Review March 2017
Record Room Occupancy Levels Belie Profit Challenges at Hotels in Leeds Despite room occupancy levels soaring to a new high at hotels in Leeds, year-on-year profit per room plummeted by 9.5 per cent this month, according to the latest data from HotStats.

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STR: US hotel results for week ending 29 April
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 23-29 April 2017, according to data from STR. In comparison with the week of 24-30 April 2016, the industry reported the following:

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Latin American & Caribbean Hotels Monitor - Whitebridge Hospitality
The last 12 months have been another year of mixed performances in the LAC region, with each of the three sub-regions experiencing different levels of performance. At a high level, the RevPAR growth statistics reveal that: Central America was the best performer with an increase of +1.3%; South America, despite the Olympic Games in Brazil, fell by -0.8%; the Caribbean suffered the most under the external influences of an expansive Cuba, a weak Canadian dollar and the threat of Zika, recording a decline of -3.5%.

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Australia - Horwath HTL Special Market Report
Sydney's hotel performance remains at the top of its game in Australia. But what impact is Airbnb having on it? What will effect will new supply have on its growth? Find out in the latest market report form Horwath HTL, written by Stefan Muff of Horwath HTL Australia.

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STR: Record-breaking Q1 for London hotels
During the first three months of 2017, the hotel industry in London, England, posted its highest revenue per available room (RevPAR) for any first quarter on record, according to data from STR. The market's absolute RevPAR level of GBP101.50 was an 11.3% increase compared with Q1 2016. Occupancy reached 76.1% (+4.8%), which was the highest Q1 absolute value in the metric since 2010. Average daily rate (ADR) reached a record level at GBP133.38 (+6.2%) STR analysts attribute the strong performance to a 7.7% spike in demand, likely driven by the devaluation of the British pound. Additionally, the Easter calendar shift from March 2016 to April 2017 moved more demand into Q1. Overall, demand was up 8.8% in March, and RevPAR rose 14.2%. Performance increases were seen across all London submarkets, with the highest levels in the London West End, Earls Court/Kensington/Chelsea and South Central London. At the class level, performance growth was highest for the Upper Upscale (RevPAR: +14.0%) segment. Previewing his presentation for Hotel Tech Lab in London on 16 May, James Parsons, head of business development for STR, noted the following on London's Q1 performance: \"After the struggles of early 2016, we've seen consistent performance growth in London. What remains to be seen is how the market will react to an influx of new supply set to come online in the near future. London is clearly the development hotspot of Europe, with more than 13,000 rooms in the pipeline.\"

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China welcomes new investment with scores of planned projects
The Asia Pacific market is one of the most bankable in the international hospitality industry. The region continues to see increased growth, and China is perhaps one of the tourism strongholds of the regions, with TOPHOTELNEWS reporting on its sustained popularity in February of this year, citing it as one of the fasting growing countries in the industry. Data complied from the TOPHOTELPROJECTS database outlines the Chinese project pipeline, and reports an incredible 744 proposed openings which will give a total key count of 199,955 rooms. The lion's share of the projects will be in the luxury 5-star category, while the rest will be 4-star, 446 and 298 in each category respectively.

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Health Tourism Canada, UK, And Israel On The Top | tourism-review.com
Health tourism has established itself as a vital part of the industry. It is no surprise that the number of people travelling for treatment is constantly on the rise, as well as the revenues of the segment. The market of wellness and health tourism is experiencing constant growth. Both Western and Eastern Europe have registered market increases. In 2017, the Western European health and wellness market is expected to reach a figure of 146,407.5 million. The Eastern European market is expected to reach numbers of about 27,698.4 million.

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Czech Hotels Set For Price Increases In The Coming Season | tourism-review.com
Czech hotels are receiving so many orders, that many of them have increased prices compared to last year. Price increases could reach up to 15%. A larger number of guests is expected both domestically, as well as from foreign countries. This year there is higher demand, especially for the summer, and higher quality accommodation. Places that are regularly full are raising prices, because they can afford it. The increase of prices is up to 10%, said Jan Pape, deputy chairman of the Association of Tourism Agencies in the Czech Republic.

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Cuban Tourism Heavily Relies On Canada And USA | tourism-review.com
Cuban tourism authorities announced record number of tourists for the last year. The country welcomed more than 4 million visitors most of them coming from the North America. Dalila Alba Gonzlez, deputy director of marketing for the Ministry of Tourism (Mintur) reported that Cuban tourism ended the year of 2016 with more than four million visitors for the first time which means an increase of 13% compared to the previous year.

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Iceland Tourism Industry Expects Restrictions And Taxes | tourism-review.com
Iceland has been experiencing a historic tourist boom for 7 years. 20% more tourists are flooding its volcanic soil every year. The Icelandic government is now considering whether to impose taxes or restrictive measures to better regulate the inflow in the country because the growing amount of visitors is not only positive for Iceland tourism it causes price explosions, saturation of accommodation, or even modification of the tourist structure. +264% in six years, 20 to 30% more tourists each year, 23% of the national GDP... The figures are impressive. In the space of seven short years, Iceland tourism has become the country's first economic activity, ahead of traditional fishing and aluminum production.

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April

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STR: US hotel results for week ending 22 April
The U.S. hotel industry reported mostly positive results in the three key performance metrics during the week of 16-22 April 2017, according to data from STR. Performance on Sunday and Monday of the week was lower due to a comparison with a non-Easter time period last year. In an overall comparison with the week of 17-23 April 2016, the industry reported the following:

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Rates Hold Steady in First Half of 2017 Despite Decline in Bookings
As North American hoteliers forge ahead in 2017, average daily rates (ADR) are holding strong in both the second and third quarters of 2017 despite declines in committed occupancy*, according to new data from TravelClick's April 2017 North American Hospitality Review (NAHR).

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STR: Brussels hotels continue performance growth one year after attacks
The hotel industry in Brussels, Belgium, has posted five consecutive months of occupancy growth following a 12-month period of occupancy declines, according to data from STR. Notable performance recovery began in November 2016 with a 10.2% increase in occupancy compared with the same month the previous year. That comparable November in 2015 marked the beginning of the market's struggles after the terrorist attacks in Paris and the resulting travel lockdown in Brussels. Occupancy for November 2015 dropped 19.5% compared with the same month in 2014 and was followed by a 26.7% drop that December.January and February 2016 showed signs that the market was regaining stability, with average-daily-rate (ADR) growth in both months, but the 22 March 2016 attacks at Brussels Airport and the Maalbeek metro station resulted in eight more months of double-digit occupancy declines. April and August 2016 saw the two most significant drops, at 30.8% and 31.1%, respectively. ADR was less affected, with a 0.8% decline in Q2 2016 and a 5.7% drop in Q3, as hotels responded to fallouts in demand.

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STR: Canada hotel performance for Q1 2017
Canada's hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR. Compared with Q1 2016:

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The five megatrends that will impact the Middle East's travel and tourism industry: PwC report
The global megatrends are set to have a profound and disruptive effect on the Middle East travel and tourism industry, says a new PwC report. According to PwC, the five global megatrends that are widely believed to be shaping the future of our world are: demographic shifts and social change, a shift in global economic power, accelerating urbanisation, climate change and resource scarcity, and the rise of technology.

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Tourism key for economic growth and diversification in the MENA region
Tourism can be a key driver of the growth and economic diversification for the Middle East and North Africa region concluded the 2017 Ministerial Forum organized by the World Tourism Organization (UNWTO) and the Arabian Travel Market (ATM) under the patronage of H.E. Eng. Sultan bin Saeed Al Mansoori, Minister of Economy of the United Arab Emirates. Yet, maximizing the power of the sector requires increased regional cooperation, prioritization of tourism in the national agendas and building resilience and sustainability (Dubai, United Arab Emirates, 24 April, 2017).

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U.S. Hotel Profits Grow in 2016 Despite Slowdown in Revenue
U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. According to the recently released 2017 edition of Trends in the Hotel Industry by CBRE Hotels' Americas Research, total operating revenue, driven by a 0.2 percent rise in occupancy and a 2.5 percent growth in average daily rate (ADR), increased by 2.4 percent in 2016 for the average hotel in its survey sample. However, by limiting the growth in operating expenses to just 1.6 percent, managers at the Trends properties were able to extract a 3.7 percent increase in gross operating profits (GOP) for the year.

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STR: US hotel revenues reach all-time high
Results from STR's 2017 HOST Almanac indicate that U.S. hotel industry revenue and house profit reached all-time highs in 2016. Revenues topped an estimated US$199 billion in 2016, increasing nearly US$9 billion from 2015. Total industry-wide house profit exceeded US$76 billion, a per-available-room increase of 2.0% from 2015. Even though records were set in each category, STR's Consulting & Analytics team notes that growth was much lower than the levels experienced in 2015. House profit increased 4.0% compared with 11.1% in 2015. Total revenues increased 4.5% in 2016 after rising 8.1% in 2015. \"Inflation-adjusted revenues topped the previous peak, and real house profit levels were the second-highest we've seen,\" said Joseph Rael, STR's director of financial performance. \"However, in the past year, we've also seen revenue growth slow considerably throughout the country. With RevPAR (revenue per available room) growth forecasted below 3% for the next couple of years, we only expect modest profit increases in the short term.\"

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STR: Central/South America hotel performance for Q1 2017
The hotel industry in the Central/South America region reported negative results in the three key performance metrics during the first quarter of 2017, according to data from STR.U.S. dollar constant currency, Q1 2017 vs. Q1 2016Central/South America

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STR: Europe hotel performance for Q1 2017
Concluding with strong growth in March, the European hotel industry reported increases in each of the three key performance metrics during the first quarter of 2017, according to data from STR.Euro constant currency, Q1 2017 vs. Q1 2016Europe

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STR: Middle East and Africa hotel performance for Q1 2017
The hotel industry in the Middle East reported negative performance results during the first quarter of 2017, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, Q1 2017 vs. Q1 2016Middle East

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STR: Asia Pacific hotel performance for Q1 2017
The hotel industry in the Asia Pacific region reported mostly positive results in the three key performance metrics during the first quarter of 2017, according to data fromSTR.U.S. dollar constant currency, Q1 2017 vs. Q1 2016Asia Pacific

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STR: US hotel results for week ending 15 April
The U.S. hotel industry reported negative results in the three key performance metrics during the week of 9-15 April 2017, according to data from STR. Opposite from previous weeks, performance growth was negatively affected by the Easter calendar shift from 27 March 2016 to 16 April 2017. In comparison with the week of 10-16 April 2016, the industry reported the following:

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STR: US hotel performance for Q1 2017
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2017, according to data from STR. Compared with Q1 2016:

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Arabian Hotel Investment Conference to unveil global hospitality research trends impacting the Middle East
Ahead of next week's Arabian Hotel Investment Conference 2017 (AHIC), being held at Madinat Jumeirah in Dubai from April 25 to 27, its speakers have unveiled insights into the global trends and market sentiment that are currently making an impact on the hospitality industry across the Middle East.

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The Impact of VAT on UAE's Hospitality Industry - Horwath HTL
As of February 2017, all Gulf Cooperation Council (GCC) countries have signed the Unified Value Added Tax (VAT) Agreement. The framework will form the basis for national legislation, which will be introduced in each GCC country.  Although there has been very limited official information released regarding the specifics of how the VAT system to be introduced will operate, the expectation is that the GCC Countries will replicate a lot of the features of the European Union VAT System. In the latest Special Market Report from Horwath HTL, Kim Drubbel, Managing Director of Horwath HTL UAE and Oman, explores whether the introduction of VAT might be a limitation for the industry and not in the interest of the sector's sustained growth prospects.

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STR: Phoenix hotels score highest revenue boost during NCAA Final Four
The hotel industry in Phoenix, Arizona, saw a US$25.9-million revenue increase during NCAA Final Four Weekend. That spike in rooms revenue topped the increases seen by each of the previous five NCAA Final Four host markets, according to data and analysis from STR. For the purpose of its analysis, STR compared the Friday through Monday of the past six championship weekends with the baseline average of every other weekend in the host market for the prior year. On average, the previous five Final Four host markets saw a revenue increase of US$19.5 million during the four-day period, or an average of US$4.9 million per day. The rooms revenue increase in Phoenix was the highest of any of the host markets included in the analysis with an average per day of US$6.5 million. In absolute values, Phoenix reported more than US$45 million in rooms revenue during the Final Four. That ranked second to Forth Worth/Arlington/Dallas, Texas, with almost US$47 million in 2014.

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STR: Dubai hotels show signs of performance recovery during Q1 2017
The hotel industry in Dubai, United Arab Emirates, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth, according to data from STR.Based on preliminary data, Dubai recorded an occupancy level of 86.3%, which was a 2.7% uplift compared with Q1 2016. Average daily rate (ADR) was down 6.4% over the same time period to an actual level of AED795.00. As a result, revenue per available room (RevPAR) decreased 3.9% to AED686.00. Because Dubai has seen two years with consistent RevPAR declines, STR analysts see the Q1 occupancy growth as an indicator of performance recovery. \"A factor that likely played a big role in Dubai's occupancy growth was the UAE government's recent decisions to grant visas on arrival for Chinese and Russian nationals,\" said Philip Wooller, STR's area director for the Middle East and Africa. \"While Dubai continues to add new supply, it also continues to add new leisure attractions, and expanding the market's range of potential visitors can only help drive hotel demand and profitability.\"Occupancy increases were mainly pushed by the middle and lower tier hotel classes. Dubai's Midscale and Economy classes experienced a combined 7.2% year-over-year increase in occupancy, while Luxury hotels posted more moderate growth of 0.7%. Upper Upscale hotels reported a 1.1% decline. STR analysts note that the Midscale and Economy classes experienced less substantial supply growth compared with other classes during Q1, although the Upper Midscale class, which recorded the highest rate of supply growth (+13.9%), also posted a substantial increase in occupancy (+6.7%).

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Trump's travel ban is hitting luxury hotels the hardest | nypost.com
Travel to the US from the Middle East and North Africa has fallen 20 percent since President Trump signed his travel ban, a hotel chief executive said this week. The effect of the decline by travelers from these areas is outsized, as they spend much more relative to other hotel guests, sources said.

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STR: US hotel results for week ending 8 April
The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 2-8 April 2017, according to data from STR. In comparison with the week of 3-9 April 2016:

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STR: Central/South America hotel pipeline for March 2017
LONDON -- STR's March 2017 Pipeline Report shows 60,284 rooms in 385 hotel projects Under Contract in the Central/South America region. The total represents a 17.7% decrease in rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 27,421 rooms in 170 projects In Construction for the month. Based on number of rooms, that is a 14.6% decrease in year-over-year comparisons. Two Chain Scale segments each accounted for 20.0% or more of the rooms Under Contract in the region: Upper Upscale (22.1% with 13,303 rooms) and Upscale (20.4% with 12,286 rooms). Specifically in the In Construction phase, only the Upscale segment (22.5% with 6,164 rooms) accounted for 20.0% or more of the region's total.

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STR: Caribbean/Mexico hotel pipeline for March 2017
STR's March 2017 Pipeline Report shows 38,668 rooms in 212 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 25.9% increase in rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 15,086 rooms in 82 projects In Construction for the month. Based on number of rooms, that is a 12.6% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (23.8% with 9,191 rooms). The Luxury segment accounted for the largest percentage of rooms In Construction (23.1% with 3,485 rooms).

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STR: Asia Pacific hotel pipeline for March 2017
STR's March 2017 Pipeline Report shows 583,054 rooms in 2,611 hotel projects Under Contract in the Asia Pacific region. The total represents a 1.6% decrease in rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The region reported 267,986 rooms in 1,169 projects In Construction for the month. Based on number of rooms, that is a 4.1% increase in year-over-year comparisons. Among Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract (26.0% with 151,561 rooms) and In Construction (26.7% with 71,631 rooms). The Upper Upscale segment was the only other segment to account for 20.0% or more rooms In Construction (24.8% with 66,360 rooms).

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HotStats MENA Chain Hotels Market Review February 2017
Cost Cutting Drives Profit Growth at Abu Dhabi Hotels A 7.7 per cent increase in total revenue was converted to a 29.4 per cent increase in profit per room at hotels in Abu Dhabi this month as hoteliers successfully slashed costs, according to the latest data from HotStats.

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STR: US hotel pipeline for March 2017
STR's March 2017 Pipeline Report shows 571,311 rooms in 4,721 hotel projects Under Contract in the United States. The total represents a 14.4% increase in the number of rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Unconfirmed stage.In the In Construction stage, the U.S. reported 190,764 rooms in 1,449 projects. Based on the number of rooms, that is a 24.4% increase in year-over-year comparisons. \"Construction was actually down a bit from last month, but we're still nearing the room construction peak (211,000 rooms) reached in 2007,\" said Bobby Bowers, STR's senior VP of operations. \"Almost half (47.6%) of hotel room construction activity today is occurring in the major markets. And because room construction in 20 of those markets represents 3% or more of their respective existing supply, it's no surprise to see muted performance growth.\" Among the Top 26 Markets, New York, New York, reported the most rooms Under Contract (28,166 rooms) and most rooms In Construction (15,911 rooms). \"Those almost 16,000 rooms account for 8% of all U.S. construction activity and just under 14% of New York City's existing supply,\" Bowers said.Three additional markets each reported more than 15,000 rooms Under Contract for the month: Dallas, Texas (18,351 rooms); Houston, Texas (16,774 rooms); and Los Angeles/Long Beach, California (16,510 rooms). Two of those markets reported more than 5,000 rooms In Construction: Dallas (7,184 rooms) and Los Angeles/Long Beach (5,924 rooms). Two markets each reported fewer than 1,000 rooms In Construction: Norfolk/Virginia Beach, Virginia (456 rooms), and Oahu Island, Hawaii (180 rooms).

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Africa's Hospitality Market - Year in Review 2016
2016 was a busy and interesting one for the African hotel market. It was a year in which hotel investment in Africa made progressive strides, with new hotels launched in new countries and cities across the continent and in which factors such as economic and political events, currency volatility and fluctuating tourism demand brought both challenges and opportunities to hotel markets across the region.

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STR: Middle East and Africa hotel pipeline for March 2017
STR's March 2017 Pipeline Report shows 153,298 rooms in 546 hotel projects Under Contract in the Middle East and 59,200 rooms in 319 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 1.1% increase in rooms Under Contract compared with March 2016. Specifically in the In Construction phase, the Middle East reported 79,960 rooms in 258 hotels. Based on number of rooms, that is a 0.6% decrease in year-over-year comparisons.

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STR: Europe hotel pipeline for March 2017
STR's March 2017 Pipeline Report shows 162,732 rooms in 1,035 hotel projects Under Contract in Europe. The total represents a 0.7% decrease in rooms Under Contract compared with March 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.Europe reported 73,370 rooms in 461 projects In Construction for the month. Based on number of rooms, that is a 16.2% increase in year-over-year comparisons. Among Chain Scale segments, the Upper Midscale segment accounted for the largest portion of rooms Under Contract (27.8% with 45,206 rooms) and In Construction (24.0% with 17,625 rooms).Upscale (23.1% with 16,927 rooms) was the only other segment to represent 20.0% or more of rooms In Construction.

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China Hotels Poised to Outperform Overall Economy
Business activity for China's hoteliers stayed flat in January according to the latest reading of the country's Hotel Industry Pulse (HIP). eforecasting.com's China HIP - a business analytic which tracks monthly overall business conditions in China's hotel industry - remained unchanged in January at previous month reading of 95.8. HIP index is set to equal 100 in 2010.

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Tourism Competitiveness Index Shows Dynamic Changes | tourism-review.com
For the past 11 years, the World Economic Forum (WEF) has been carrying out an in-depth analysis of travel and tourism competitiveness of 136 economies around the world. This year has been a turbulent year in tourism. The top countries in the ranking (Spain, France, Germany) retain stability. But many countries have gone through changes in various aspects. The Travel and Tourism Competitiveness Index measures the set of factors and policies that enable the sustainable development of the travel and tourism sector, which in turn, contributes to the development and competitiveness of a country.

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HotStats UK Chain Hotels Market Review February 2017
Hotels in West Midlands Drive Profit With Record Room OccupanciesGrowth in profit per room at hotels in the West Midlands has been fuelled by record top line performance as the region continues to grow occupancy beyond previous levels, even during historic low periods, according to the latest data from HotStats.

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STR: Preliminary March data for Sydney hotels
STR's preliminary March 2017 data for Sydney, Australia, indicates significant demand and occupancy levels. Based on daily data from March, Sydney reported the following in year-over-year comparisons:

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STR: Preliminary March data for Hong Kong hotels
STR's preliminary March 2017 data for Hong Kong indicates performance driven by significant demand growth. Based on daily data from March, Hong Kong reported the following in year-over-year comparisons:

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STR: Preliminary March data for Dubai hotels
STR's preliminary March 2017 data for Dubai, United Arab Emirates, indicates performance consistent with significant growth in both supply and demand. Based on daily data from March, Dubai reported the following in year-over-year comparisons:

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STR: Preliminary March data for London hotels
STR's preliminary March 2017 data for London, England, indicates significant performance growth. Based on daily data from March, London reported the following in year-over-year comparisons:

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STR: Preliminary March data for Berlin hotels
STR's preliminary March 2017 data for Berlin, Germany, indicates significant occupancy levels. Based on daily data from March, Berlin reported the following in year-over-year comparisons:

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Switzerland: Do national OTAs make sense? - Horwath HTL
In a world of fierce competition amongst online booking platforms, Horwath HTL Switzerland investigates what value there is for national OTAs within the Swiss market. The report takes into account the perspective of hoteliers and how national OTAs might be beneficial for their business. It reveals that national OTAs have to create additional products and offers to be successful and to differentiate themselves from the international players.

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STR: No hotel performance disruption in London after Westminster attack
There was no evident performance decline for London's hotel industry following the terrorist attack on 22 March, according to preliminary data from STR. When examining daily data from 22-28 March, STR analysts note that London's occupancy levels remained in line with typical March performance patterns. Further, during the days following the event, the market recorded significant year-over-year growth in both occupancy and average daily rate (ADR). Three days after the attack (25 March), the U.K. capital's actual occupancy level was 86.4%, while ADR reached GBP147.32, a 22.6% increase compared with the same day in 2016. The highest occupancy level during the days following the attack was 88.2% (28 March)roughly the same level as the night of the attack.

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Why hotels and home rentals are moving forward together - JLL Real Views
When the likes of Airbnb and HomeAway first made inroads into the travel industry they created two distinct clubs; established hotels on one side and home rentals on the other.

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Thailand's tourism industry in the best of health
Thailand has long attracted tourists, backpackers, business and leisure travelers to its shores, seeking a taste of the exotic in its wonderful food, idyllic beaches on its famous islands and breathtaking landscapes in its jungles and mountains. 2016 was an especially successful year for the Thai tourism industry, with the Kingdom welcoming a record 32.6 million international visitors and generating $71.8 billion USD in revenues, exceeding the initial government targets set at the start of the year. Thailand also continues to focus on improving and expanding the quality its tourism industry, making it a solid place for hotel developers to invest, both now and in the future.Let's take a look at some ongoing projects in Thailand:

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CBRE Hotels April 2017 Lodging Insights Video
CBRE's Mark Woodworth and Jack Corgel discuss our latest lodging industry forecasts. CBRE Hotels is a specialized advisory group within CBRE providing brokerage, valuation, consulting, research and capital markets services to companies in the hotel sector. CBRE Hotels is comprised of over 375 dedicated hospitality professionals located in 60 offices across the globe.

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STR: New supply weakens Rio hotel occupancy levels during Carnival 2017
Despite an increase in demand, hotels in Rio de Janeiro reported lower occupancy levels during this year's Carnival of Brazil, according to data from STR.

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Indonesia's hospitality market booms with over 100 projected openings
Things seem to be going from strength to strength in Indonesia, with TOPHOTELPROJECTS forecasting 112 projects in the pipeline over the coming years. Projects in the region continue to hit a high standard of luxury, with all of the projected opening to have at least 4-stars, in fact 65 of the new developments will have this rating, while the remaining 47 will be ranked as 5-star hotels. Indonesia continues to attract discerning travelers and remains a popular destination for honeymooners and those seeking a truly memorable experience in an exotic location.

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STR: US hotel results for week ending 25 March
The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 19-25 March 2017, according to data from STR. STR analysts note that performance growth was boosted by an Easter calendar shift (27 March 2016). In comparison with the week of 20-26 March 2016, the industry reported the following in year-over-year comparisons:

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Trends and Opportunities South America | By Cristiano Vasques, Pedro Cypriano and Fernanda L'Hopital
It is our great pleasure to present the third edition of the Trends and Opportunities South America, an annual publication by HVS/Hotel Invest (in partnership with STR) that illustrates and analyzes the sector's performance in some of the major markets in the region.

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STR: US hotel results for week ending 18 March
The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 12-18 March 2017, according to data from STR.In a year-over-year comparison with the week of 13-19 March 2016:

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STR: Middle East and Africa hotel performance for February 2017
Hotels in the Middle East reported mixed results in the three key performance metrics, while hotels in Africa recorded positive results, according to February 2017 data from STR.U.S. dollar constant currency, year-over-year comparisons:Middle East

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STR: Asia Pacific hotel performance for February 2017
Hotels in the Asia Pacific region reported mixed results in the three key performance metrics during February 2017, according to data from STR.U.S. dollar constant currency, year-over-year comparisons:Asia Pacific region:

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STR: Central/South America hotel performance for February 2017
Hotels in the Central/South America region reported negative performance results in February 2017, according to data from STR.U.S. dollar constant currency, year-over-year comparisons:Central/South America region

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STR: Europe hotel performance for February 2017
Hotels in Europe reported growth across the three key performance metrics in February 2017, according to data from STR.Euro constant currency, year-over-year comparisons:Europe

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Turkey Outlook 2017: Light at the end of the tunnel? - Horwath HTL
Tourism in Turkey is focused largely on a variety of historical sites, and on seaside resorts along its Aegean and Mediterranean Sea coasts. Turkey has also become a popular destination for culture, spa, and health care tourism. At its height in 2014, Turkey attracted around 42 million foreign tourists, ranking as the sixth most popular tourist destination in the world. This number however declined to around 36 million in 2015 and deteriorated further in 2016, due to regional uncertainty and political tension with Russia.

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STR: US hotel performance for February 2017
The U.S. hotel industry reported mixed results in the three key performance metrics during February 2017, according to data from STR.In a year-over-year comparison with February 2016:

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Sweden leading in the swathe of proposed hotel developments in Scandinavia
Scandinavia is set to receive a slew of new hotels openings over the coming years. 50 new projects will give the Northern European region an additional key-count of 10,972. The properties will be spread over Sweden, Norway, Finland, Iceland and Denmark, with Sweden hosting the lion's share of new hotels, 20 in total. 15 are to be constructed in Norway, 6 in Finland, 5 in Denmark and 4 in Iceland, following the predictable hierarchy of landmass and population.

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STR: US hotel results for week ending 11 March
HENDERSONVILLE, Tennessee -- The U.S. hotel industry reported positive results in the three key performance metrics during the week of 5-11 March 2017, according to data from STR.In a year-over-year comparison with the week of 6-12 March 2016:

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Spring Offers Opportunity to Build Traveler Engagement Programs
The spring travel outlook brings good news to global corporate travel and procurement departments, according to the quarterly update to Advito's 2017 Industry Forecast, issued last fall by the travel industry's most progressive consultancy. There are new opportunities to strengthen traveler engagement programs; airfares will fall or remain flat in most market segments; and expected rises in hotel rates have diminished in some markets, with lower prices now predicted for the Middle East.

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Destination Africa: big growth in international arrivals
Africa is seeing a significant growth in international air travellers arrivals were up 10.3% between September 2016 and January this year. Europe remained the leading source market with a 47.3% share, while Asia Pacific was the fastest growing, up 21.7%.The encouraging figures for the continent's economy are released today by ForwardKeys, which monitors future travel patterns by analysing 16 million flight reservation transactions each day.The data comes ahead of the influential Africa Hotel Investment Forum (AHIF) which will again run alongside AviaDev Africa in Kigali, Rwanda on October 10 to 12. Organised by Bench Events it brings together leading executives and investors from the worlds of aviation and hotels, alongside top government officials and politicians.

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Cyprus's supply of beds is overwhelmed by demand - Horwath HTL
Cyprus has seen a booming growth in terms of tourism in 2016. This has been primarily driven by the political situation in neighboring countries as well as a refreshed approach to strategy by the Cyprus Tourism Organization. Supply of beds has been playing catch-up with demand, and multiple tourism related projects are currently underway. However, as tourism numbers are forecasted to continue to grow, with probably accelerated rhythms in the coming years, the market needs to find more ways to cope with the demand.

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Chinese Tourism: Travel Technologies To Shape The Sector | tourism-review.com
The rapid development of modern technology introduces smartness and convenience to all aspects of our modern life and environment, including the efficient operations of private businesses, government/non- government organizations alike. With travel technologies being maximized and embedded in planned developmental goals of the Chinese government to grow and revolutionize Chinese tourism industry, the standard of living and quality of life and services is bound to improve. The total revenue of the travel and tourism industry in China is currently estimated to be valued at a whopping 3 trillion Yuan. As the sector continues to flourish the country is strategically positioned to become the world's second largest tourism economy after the United States of America.

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Mexican Tourism Industry Experiencing Its Best Performance Ever | tourism-review.com
Mexico has been able to latch onto the global tourism explosion, and just in time. In this period of great uncertainty, due to the potential impact of the Trump era, the Mexican tourism sector which already represents 8.5% of the country's GDP is going through the best period in its entire history, and has become after the manufacturing sector and remittances the principal driving force behind the economy. It is, however, starting to show signs of stagnation. The arrival rate of foreign visitors grew by 9% in 2016, reaching 35 million people. The increase in foreign currency entering the country was 10%; and the tourism industry's account balance (dollar inflow versus dollar outflow) improved by 22% thanks to the fact that there were more foreign visitors entering the country than Mexican citizens traveling abroad.

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Carnival Tourism Boosts Brazilian Businesses | tourism-review.com
The Brazilian Ministry of Tourism believes that the positive numbers of carnival tourism sector emphasize the importance of the holiday for the economy of all regions. The Carnival revelry worked as a dynamo for the economy, generated jobs and attracted visitors in all regions of Brazil. In Salvador, for instance, traditionally one of the key destinations for carnival tourism, the hotel occupancy rate reached 95% throughout the holiday season, hence generating 200 thousand temporary jobs. Bahia's Secretariat of Tourism (Setur) estimates that 600 thousand tourists have visited the Bahian capital city, an increase of 9% in comparison with the previous year of 2016. Of these, 10% have come from abroad. 2 million visitors were registered throughout the state, a number responsible for pumping R$ 1,5 billion into the Bahian economy.

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HotStats MENA Chain Hotels Market Review January 2017
Strong Performance Continues into 2017 in CairoA 130.0% per cent year-on-year increase in profit per room at Cairo hotels in January continues the strong performance of hotels in the Egyptian capital in the last 24 months, according to the latest data from HotStats.

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Market Pulse: Singapore | By Victoria Jia Li Chan, Ho Mei Leng and Hok Yean CHEE
The Republic of Singapore is a metropolitan city-state and island country in Southeast Asia with a total land area of 714.3 square kilometres. It is situated at the southern tip of the Malayan Peninsula, between Malaysia and Indonesia. With an economy supported by its growing population of around 5.8 million, Singapore rose as an Asian Tiger economy and today serves as a global commerce, finance and transportation hub.

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In Focus: Halkidiki, Greece | By Nana Boussia and Pavlos Papadimitriou
The Prefecture of Halkidiki is located in the southeastern portion of Central Macedonia and consists of a large peninsula in the northwestern Aegean Sea resembling a hand with three \"fingers\" Kassandra, Sithonia, and Agion Oros which contains Mount Athos and its monasteries. Kassandra has popular tourist resorts with organized beaches. The second peninsula, Sithonia, features less organized resorts and more secluded coves. The third peninsula, Mount Athos, is a secluded monastic community where entrance is allowed only to men and after special permission. The prefecture occupies 2,918 km of land and features approximately 105,000 permanent inhabitants.

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Market Pulse: Tucson, AZ | By Ryan Wall and Michael Smithson
Tucson, like much of the Southwest, has undergone a prolonged recovery since the 2008/09 recession. Tucson's hotel market realized unprecedented growth in the years leading up to 2008. But the hotel supply pipeline has been muted in recent years, and hotel performance still falls short of the prior peak. There are several factors that have affected historical hotel performance trends in Tucson, including a large amount of lower-rated government demand, which draws down the overall average rate in the market, and the relatively limited number of direct flights from Tucson International Airport. However, the extenuating circumstances behind the long-drawn recovery of Tucson's lodging market, in many ways, trace back to the performance of its resort segment.

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Key Takeaways: The CREF/MBA Conference 2017 | By Brett E. Russell and Desiree M. Flanary
HVS again hosted a booth at this year's Commercial Real Estate Finance (CREF)/Multifamily Housing conference, run by the Mortgage Bankers Association (MBA). More than 3,000 mortgage and lending professionals attended the CREF conference, one of the biggest annual gatherings focused on commercial real estate assets. While hotel-specific data and discussions are only part of the overall scope at the conference, many of the insights, observations, and predictions for commercial properties also apply to hotels.

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HVS Key Takeaways: Tourism, Hotel Investment & Networking Conference (THINC) Sri Lanka 2017 | By Hemangi Bhandari
The 2nd edition of the Tourism, Hotel Investment & Networking Conference (THINC) Sri Lanka, hosted by HVS, concluded on 8 February 2017. 170 delegates, representing hotel companies and operations, banks and financial institutions, consulting firms, ownership and development, as well as architecture and design, gathered in Colombo to provide insights into the dynamic Sri Lankan hospitality and tourism industry. In addition to deliberating the prevalent trends and current performance of the hotel sector, stakeholders emphasised the vast potential of the island as well as the key challenges that lay ahead.

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Market Pulse: St. Louis, MO | By Tim Sauer
St. Louis is poised to enter a post-recovery phase of economic development and expansion that should continue to support the recent growth of the region's hotel market. Numerous proposed developments and business expansions are anticipated to pave the way for continued transient and extended-stay lodging demand growth. Meanwhile, the convention center is operating at new peak capacity. While the growth of hotel supply has begun to accelerate, it remains modest in comparison to most major markets across the country, and is expected to stay in check through the near term. As such, St. Louis is ripe with hotel investment opportunities, provided that buyers and developers exercise appropriate due diligence and market research to identify assets and locations that will provide fruitful returns.

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STR: Preliminary February data for London hotels
STR's preliminary February 2017 data for London, England, indicates occupancy and rate growth. Based on daily data from February, London reported the following in year-over-year comparisons:

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STR: Preliminary February data for Munich hotels
STR's preliminary February 2017 data for Munich, Germany, indicates strong performance growth. Based on daily data from February, Munich reported the following in year-over-year comparisons:

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STR: Preliminary February data for Abu Dhabi hotels
STR's preliminary February 2017 data for Abu Dhabi, United Arab Emirates, indicates significant growth driven by rate increases. Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:

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STR: Preliminary February data for Singapore hotels
STR's preliminary February 2017 data for Singapore indicates slight occupancy growth and significantly lower rates.Based on daily data from February, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary February data for Melbourne hotels
STR's preliminary February 2017 data for Melbourne, Australia, indicates significant occupancy levels. Based on daily data from February, Melbourne reported the following in year-over-year comparisons:

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STR: US hotel results for week ending 4 March
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 26 February through 4 March 2017, according to data from STR.In a year-over-year comparison with the week of 28 February through 5 March 2016:

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HotStats European Chain Hotels Market Review January 2017
Barcelona Carries Strong Profit Growth Into 2017Hotels in Barcelona achieved a 12.4% year-on-year increase in profit per room in January, continuing the strong profit growth achieved in the Catalan capital in 2016, according to the latest data from HotStats.

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HotStats UK Chain Hotels Market Review January 2017
Strong Start in the North West as Profit Soars Hotels in the North West recorded a 12.2% increase in profit per room in January, led by a 9.2% increase in RevPAR, as the region enjoyed a great start to 2017 according to the latest data from HotStats.

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Hotels.com Reports Slight Increase in US Hotel Room Prices in 2016 with Savings for Americans Traveling Abroad
Even with several major political shifts and currency fluctuations around the world in 2016, travelers fared pretty well with average nightly hotel prices unchanged globally from 2015, as reported in the latest Hotel Price Index (HPI) from Hotels.com. The global Index sat at 114 for 2016 for the third year. The United States had a slight average price increase (up 1%) throughout 2016, while declines from most other regions tempered the overall global picture.

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A snapshot of the EMEA hotel market for IHIF 2017
For investors looking for good yield returns, hotel assets offer the perfect answer, achieving higher yields than more mainstream property assets including offices, warehouses or retail according to JLL.

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Hotel Values Rise In Eastern Europe While Those In The West Face Tougher Times
Hotels in Eastern Europe are benefitting from tough times in Western Europe with room values in the region seeing an impressive 11% average growth, according to our 2017 European Hotel Valuation Index (HVI). In a year that saw little change in values across the rest of Europe, hotels in Bratislava topped the list of value rises, up 18.9% year-on-year, while hotel room values in Sofia rose 16.0%. Bucharest saw hotel room values up 14.6%, while those in both Budapest and Prague were up 9.9%. While many Eastern European markets saw their hotel room values rise from a relatively low base, their new affordability has helped build a strong demand base as holidays in the Eurozone become more expensive, particularly for British citizens. 'Many Eastern European markets are benefitting from the misfortune of Western Europe,' commented report co- author Nicole Perreten, senior associate, HVS. Dublin was one region in Western Europe that built on a successful 2015, appearing again in the top five. Hotel values in the city saw a 15.5% rise in 2016 on the back of double-figure RevPAR growth due to limited supply. This enabled hotels in Dublin to grow occupancy levels as well as average rates. Hotels in Barcelona also experienced a record 2016. On the back of strong rate growth, values per room rose 14%. Stricter regulation on new hotel development will further strengthen performance in Barcelona, bolstered by a strong conference programme this year and next. The strengthening rouble and a slow recovery in oil prices has seen Moscow's hotel values per room rise 17% in local currency as its economy comes out of recession. Moscow has a strong hotel pipeline with more than 6,000 rooms coming on-stream over the next 18 months. In contrast, terrorism, Brexit and an unknown future for the Eurozone have led to a decrease in values per room of around 2.1% in Western Europe. In London, hotels showed a softening of values in local currency following a slow start to 2016 and

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STR: US hotel results for week ending 25 February
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 19-25 February 2017, according to data from STR.In a year-over-year comparison with the week of 21-27 February 2016:

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Snapshot of the Washington DC Metropolitan Region's Lodging Market | By Anne Purcell
2016 was a solid year for the Washington DC Metropolitan region's lodging market. According to Smith Travel Research (STR), the year-end 2016 RevPAR growth for the Washington DC MD VA region was up 4.9% over 2015, ranking it 9th of the 25 top markets it tracks. The region was 4th of 25 in terms of occupancy growth at 2.2%, but 18th of 25 in ADR growth at 2.7%. The predominance of demand tied to the Federal Government and the government lodging per diem continues to limit some of the region's pricing power. While more press is given to business and tourism demand in downtown Washington, DC, neighboring suburbs, particularly Arlington County in Virginia, and Montgomery County in Maryland, are also contributing to the region's solid growth statistics despite challenges in these suburban office markets.

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U.S. Hotel Revenue Growth Driven by Overlooked Sources in Lower Chain Scales and Secondary Markets
U.S. hotels enjoyed another year of life at the performance peak in 2016 and are forecast to continue to live the high life in 2017. According to the recently released March 2017 Hotel Horizonsforecast report from CBRE Hotels' Americas Research, rooms revenue (RevPAR) grew for a seventh consecutive year in 2016, and the prospects for RevPAR growth are projected to be solid for the foreseeable future. What is surprising, however, is the impetus for sustained revenue expansion comes from some unexpected sources.

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Marketview Snapshot U.S. Hotels Q4 2016
The national unemployment rate fell to 4.7% in Q4the lowest level since the Great Recessionand non- farm employment increased by 165,000 jobs per month, according to the Bureau of Labor Statistics (BLS).Lodging demand grew 2.3% year-over-year in Q4, compared with 1.6% in Q3. The solid demand gains pushed up occupancy by a half percentage point to 60.7% in Q4the highest fourth-quarter occupancy level since STR began recording this metric in 1987.The year-over-year number of available rooms nationally increased slightly by 1.7%. Rooms under construction grew 2.2% from the Q3 total to about 187,000 units, with another 150,000 rooms expected to open within 12 months.Despite record occupancy, overall ADR growth was somewhat muted in Q4 at 2.6%. Economy hotels had the largest ADR growth at 3.2% in Q4 compared with a year earlier.

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STR: Central/South America hotel performance for January 2017
Hotels in the Central/South America region reported negative performance results in January 2017, according to data from STR.U.S. dollar constant currency, year-over-year comparisons:Central/South America region

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STR: US hotel results for week ending 18 February
The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 12-18 February 2017, according to data from STR.In a year-over-year comparison with the week of 14-20 February 2016:

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STR: Asia Pacific hotel performance for January 2017
Hotels in the Asia Pacific region reported a moderate occupancy decline but strong rate growth in January 2017, according to data from STR.U.S. dollar constant currency, year-over-year comparisons:Asia Pacific region:

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STR: Middle East and Africa hotel performance for January 2017
Hotels in the Middle East reported declines across the three key performance indicators, while hotels in Africa recorded positive results, according to January 2017 data from STR.U.S. dollar constant currency, year-over-year comparisons:Middle East:

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STR: Europe hotel performance for January 2017
Hotels in Europe reported growth across the three key performance metrics in January 2017, according to data from STR.Euro constant currency, year-over-year comparisons:Europe:

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Deloitte 2017 Technology Industry Outlook
What trends could affect tech marketers as they seek to connect with customers this year? Enterprise digital transformations, interindustry collaboration, and a global war for talent could play a significant role.

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STR: US hotel results for week ending 11 February
The U.S. hotel industry reported negative results in the three key performance metrics during the week of 5-11 February 2017, according to data from STR. In a year-over-year comparison with the week of 7-13 February 2016.

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Regional Profile: China
It's a common thing to see: a new or established hotel chain or brand is expanding, and the bulk of its projects are located in the Asia Pacific region, specifically within the borders of China. In fact, by nearly any metric China is among the fastest growing countries by the standards of the global hospitality industry, and if recent information is to be believe, that trend will likely not reverse any time soon.

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HVS Market Pulse: Antigua | By Kristina M. D'Amico
Antigua, the largest island of the nation of Antigua and Barbuda, is gaining increased presence as an icon of Caribbean tourism and recreation. The island's coastal geography makes it ideal for yachting and sailing, and its deep harbor accommodates massive cruise ships, as well. The opening of the state-of-the-art VC Bird International Airport in 2015 has allowed for even more passenger traffic to Antigua, helping to raise the island's profile among destination markets in the Caribbean.

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Canadian Lodging Outlook Quarterly 2016-Q4
HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.

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HVS Market Pulse: Houston, TX | By J. Carter Allen
Houston is a city of DOERS, per the latest ad campaign presented by Chevron and released in advance of Super Bowl LI, held in Houston on February 5, 2017. The ad incites the can-do spirit of a city without limits. A city that is a global leader in energy and healthcare, that consistently ranks near the top for fastest growing major metro areas, and that once put a man on the moon. While the \"We choose to go to the Moon\" days are gone (but not forgotten), Houston's reputation as a tough, resilient, city of DOERS remains.

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HVS Market Pulse: Irvine, CA | By Li Chen
In square miles, Irvine is the largest city in Orange County, California. Irvine is also one of the most expansive master-planned communities in the nation, developed in the 1960s by the Irvine Company and incorporated in 1971. For consecutive years, MONEY magazine has named Irvine one of the best places in the U.S. (the city ranked 20th in 2016). Irvine also ranks as the third-best city in America for working parents. Over the past 45 years, Irvine's population has grown from 10,000 to nearly 260,000 residents.

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Austria's Tourism Reaches 140 Million Mark For The First Time | tourism-review.com
The year 2016 brought many visitors to the Alps and to the Danube. However, for the hoteliers not everything is rosy. The start of the winter season was somewhat weak for Austria's tourism. The hotel industry in the Alpine republic is flourishing. Austrian hotels managed to generate 140.85 million overnight stays in 2016. This is a 4.2% increase compared to 2015. This figure is a new record for Austria's tourism and is above the 140 million mark for the first time ever.

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German Tourism Reaching New Record | tourism-review.com
The Baltic Sea, Allgau, Lake Constance German destinations are more popular than ever. Last year a new peak of 447.3 million overnight stays in terms of domestic and foreign guests was reported. The growth of German tourism is expected to continue in 2017. Germany's travel industry boom has no end. The number of overnight stays rose to a record value of 44.3 million. This is the sixth year in a row in which a new record had been reached.

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French Tourism Industry Is Finally Growing | tourism-review.com
French tourism industry is finally celebrating. After two years, tourists are back in force in France. The strong rebound, that reaches the figures from before the attacks in 2015 and 2016, benefits mainly to the urban areas and in Ile-de-France, according to INSEE (French National Institute of Statistics and Economic Studies). During the last three months of 2016, the amount of overnight stays showed an increase of 3.9% compared to the last quarter of 2015, after two consecutive quarters of decline, according to the Institute of Statistics. This strong rebound is more than offsetting the net decline recorded a year earlier (-1.8%) related to the impact of the attacks from January 2015.

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STR: Preliminary January data for London hotels
STR's preliminary January 2017 data for London, England, indicates sharp performance increases.Based on daily data from January, London reported the following in year-over-year comparisons:

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STR: Preliminary January data for Berlin hotels
STR's preliminary January 2017 data for Berlin, Germany, indicates overall performance increases.Based on daily data from January, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary January data for Abu Dhabi hotels
STR's preliminary January 2017 data for Abu Dhabi, United Arab Emirates, indicates sharp rate declines.Based on daily data from January, Abu Dhabi reported the following in year-over-year comparisons:

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STR: Preliminary January data for Singapore hotels
STR's preliminary January 2017 data for Singapore indicates strong supply growth and low occupancy levels.Based on daily data from January, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary January data for Sydney hotels
LONDON -- STR's preliminary January 2017 data for Sydney, Australia, indicates performance driven by strong demand. Based on daily data from January, Sydney reported the following in year-over-year comparisons:

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STR: US hotel results for week ending 4 February
The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 29 January through 4 February 2017, according to data from STR.In a year-over-year comparison with the week of 31 January through 6 February 2016:

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Caribbean Tourism Organization (CTO) State of the Industry Report 2016 - dissection
Overview:I am going to discuss, in greater detail, the Caribbean tourism performance in 2016 and what to expect in 2017. 2016 marked another record-setting year as for the first time in our history we received over 29 million arrivals. This is also the 7th consecutive year of growth and our estimated 4.2% increase in tourism trips is the 3rd consecutive year above the global growth rate. Moreover, the average annual growth rate over the last 7 years slightly exceeded the average annual global growth rate of international trips. The performance in 2016 was primarily supported by sustained economic growth in the US, our main source market, and relatively low oil prices. Following an increase in the Caribbean market share of global visits in 2015, rising by 0.1 percentage points, it remained steady at 2.4% in 2016. Nevertheless, negative events such as a weak Canadian dollar and the most active hurricane season since 2012, especially in October, no doubt contributed to preventing our region from reaching the coveted target of 30 million arrivals. Among the destinations, tourist arrivals showed uneven growth. Of the 28 destinations reporting data for varying periods between January and December, 22 recorded increases ranging from quite modest to a robust 17.5% (the Turks & Caicos Islands), while the remaining six destinations experienced declines. Besides Turks and Caicos Islands, 4 countries, Belize, Cuba, Guyana, and Bermuda reported double digit growth rates. The contributing factors to these performances included greater air access from the source markets to the region and the realization of significant investments to enhance infrastructure (airport redevelopment) and product (hotels). With the exception of the Dutch Caribbean[1] (-5.6%), the major Caribbean sub-regions reported healthy growth. The Other Caribbean[2] countries' market, which accounts for almost half of all arrivals to the region, recorded the fastest growth rate (7.4%) in 2016. T

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Caribbean Tourism Industry Performance Report 2016
Caribbean tourism continues to break new ground, surpassing 29 million arrivals for the first time in our history, and once again we have grown faster than the global average.

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#11 Hotels performances in Europe in 2016 #LTDC | hospitality-on.com
MKG Consulting presents \"Let's take a coffee brake together\", several short analysis covering trends and performances regarding the hospitality sector. Today, Vanguelis Panayotis presents you hotels performances in Europe in 2016.

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Global Lodging Forum Round Table on the Franchise model | hospitality-on.com
On Monday, April 10, the 21st edition of the Global Lodging Forum will begin. this year it will adopt a more participatory format through presentations, round tables and workshops. The global theme will be: \"Where will you be the day after? Actor or victim of the restructuring of the Hospitality Industry?\", a specific round table will cover the economic model of the franchise, early afternoon in the rooms of the Pullman Paris Montparnasse.

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Antwerp - Market Snapshot, 2017
City of the famous Flemish painter Peter Paul Rubens, Antwerp is the largest urban area in the Flanders region, the second most important petrochemical centre in the world after Houston, Texas and its port is the second most noteworthy in Europe. Lying on the banks of the river Scheldt, the city positions itself as one of the major commercial hubs in Europe, strategically located between the two metropolitan areas of Antwerp- Brussels-Ghent and the Randstad conurbation in the Netherlands. The city is also the world's diamond capital and an increasingly important international fashion centre.

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HotStats MENA Chain Hotels Market Review December 2016
Profit Continues to Plummet at Doha HotelsProfit per room at Doha hotels fell by 23.3% in 2016, representing a second consecutive year of significant profit decline for properties in the Qatar capital, according to the latest data from HotStats.

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HotStats European Chain Hotels Market Review December 2016
Strong December Fuels Madrid Profit A 19.6% increase in profit per room in December helped hotels in Madrid achieve a 3.8% increase in GOPPAR for 2016, according to the latest data from HotStats. The growth in GOPPAR (Gross Operating Profit per Available Room) in December was in contrast to a 0.9% decline in RevPAR (Revenue per Available Room) for the month, which was suffered as a result of a 6.8% drop in achieved average room rate, to 126.68.

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HotStats UK Chain Hotels Market Review December 2016
Revenue and Profit Fall at London Hotels in 2016 Hotels in London recorded a 2.6% decline in profit per room in 2016, which was in spite of a 0.5% increase in RevPAR, according to the latest data from HotStats.

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STR: US hotel results for week ending 28 January
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 22- 28 January 2017, according to data from STR.In year-over-year comparisons, the industry's occupancy increased 1.4% to 57.8%, and average daily rate (ADR) rose 2.3% to US$119.93. As a result, revenue per available room (RevPAR) grew 3.8% to US$69.35.Six Top 25 Markets saw double-digit growth in RevPAR for the week: Washington, D.C.-Maryland-Virginia (+35.8% to US$86.59); New Orleans, Louisiana (+29.3% to US$122.19); Norfolk/Virginia Beach, Virginia (+24.5% to US$34.88); San Francisco/San Mateo, California (+19.1% to US$177.84); Seattle, Washington (+14.0% to US$100.29); and Oahu Island, Hawaii (+11.4% to US$201.25).Three of those markets posted a double-digit rise in ADR: New Orleans (+18.7% to US$176.19), Washington, D.C. (+15.8% to US$144.19) and Oahu Island (+10.5% to US$234.91).Two markets experienced a double-digit lift in occupancy: Norfolk/Virginia Beach (+19.0% to 44.7%) and Washington, D.C (+17.2% to 60.0%).Miami/Hialeah, Florida, reported the largest decreases in ADR (-8.8% to US$214.15) and RevPAR (-13.1% to US$170.62). Occupancy in the market was down 4.8% to 79.7%.The steepest declines in occupancy were reported in Houston, Texas (-5.2% to 61.9%), and Phoenix, Arizona (-5.1% to 74.7%).

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Knowledge Center North American Hoteliers Greeted with Growth in the New Year
As North American hoteliers kick off the early months of 2017, most travel segments are experiencing healthy average daily rate (ADR) and committed occupancy* gains in both the first and second quarter of 2017, according to new data from TravelClick's January 2017 North American Hospitality Review (NAHR). Occupancy for the transient segment in particular is seeing significant growth in the second quarter, up 10.8 percent for transient leisure travel, 8.6 percent for transient business travel and 10.4 percent overall.

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Greek Hospitality Industry Performance - 2016 Q4
This document 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 socio-economic developments.

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In Focus: Nashville, TN | By J. Carter Allen
Nashville, capital of Tennessee, has experienced a renaissance in the last several years. Booming health care, manufacturing, and technology industries coupled with a low cost of living has led to strong population and employment growth. The ramping up of the Music City Center has bolstered room-night demand and helped push hotel occupancy to a new peak. Furthermore, the city's growing national and global profile has led to significant increases in travel and tourism; Nashville was the only U.S. city listed on Lonely Planet's Top Ten City Destinations of 2016. The following HVS In Focus report details recent performance and market trends relevant to the Nashville hotel industry, as well as data and forecasts that can assist hotel stakeholders with buying, selling, and holding opportunities.

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International Sporting Events Takeaways for Hotel Investors | By Tshepo B Makhudu
IntroductionThere is no doubt hosting a major sporting event boosts the profile of the country and city. Who does not want to visit Rio after the recent FIFA World Cup and Olympics? However, these events are only for a few weeks and even allowing for a year of visits from sponsors and managers in the lead up to the event and the boost to demand once the curtain comes down and the television cameras depart, does hosting an international sporting event justify building new hotels?

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STR: Downtown D.C. hotels see record demand during inauguration day
The hotel industry in the Washington, D.C., central business district reported more rooms sold on inauguration day 2017 than on any other inauguration day on record, according to data from STR.\"When looking at this year's presidential inauguration, there are three factors that make an analysis of the true impact on hotels difficultthe presence of the Women's March, more alternative accommodations available than any other inauguration and the day of the week,\" said Jessica Haywood, STR's senior research analyst. \"But from the numbers alone, we can see that there were more rooms sold on inauguration day than any other we have on record (since 2001), and rate spikes were substantial the entire weekend.\"The number of hotel rooms available in the D.C. CBD is 5.1% higher than what was available for President Barack Obama's first inauguration in 2009. Airbnb also reported more listings than any other night in the D.C. market.

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STR: US hotel results for week ending 21 January
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 15- 21 January 2017, according to data from STR.In year-over-year comparisons, the industry's occupancy increased 0.3% to 56.3%, and average daily rate (ADR) rose 4.6% to US$122.34. As a result, revenue per available room (RevPAR) grew 4.9% to US$68.87.Among the Top 25 Markets, Washington, D.C.-Maryland- Virginia, posted the largest year-over-year increases in ADR (+115.7% to US$272.40) and RevPAR (+156.4% to US$177.20). Helped by the presidential inauguration ceremony and the Women's March on Washington, the market also recorded an 18.9% occupancy increase to 65.0% for the week.STR analysts note that when excluding the D.C. market, U.S. ADR growth for the week dropped to 1.4%.Three additional markets experienced a double-digit lift in RevPAR: Norfolk/Virginia Beach, Virginia (+36.4% to US$35.28); Phoenix, Arizona (+14.6% to US$114.45); and Seattle, Washington (+13.8% to US$85.24).No market outside of Washington, D.C. reported a double-digit decrease in ADR.Norfolk/Virginia Beach, saw the week's largest increase in occupancy (+26.3% to 45.2%).Miami/Hialeah, Florida, reported the steepest declines in ADR (-8.4% to US$214.96) and RevPAR (-13.5% to US$171.07). Occupancy in the market fell 5.5% to 79.6%.Two additional markets experienced a double-digit decrease in RevPAR: Orlando, Florida (-11.9% to US$81.95), and Houston, Texas (-11.1% to US$62.39).Houston reported the largest drop in occupancy (-8.6% to 58.2%).

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STR: Mexico hotel performance for year-end 2016, Q4 2016
The Mexican hotel industry reported positive year-over-year results in the three key performance metrics during 2016, according to data from STR.Compared with 2015, occupancy was nearly flat (+0.1% to 63.6%). However, average daily rate (ADR) jumped 17.0% to MXN2,327.16, resulting in a 17.1% spike in revenue per available room (RevPAR) to MXN1,479.60.\"It is not surprising that the Mexican hotel industry closed 2016 with strong numbers,\" said Fatima Thompson, STR's associate director of business development, hotels. \"The tourism industry is considered one of the main engines of the economy in Mexico, and in 2016, Mexico saw more international visitors due to a favorable exchange rate for foreign travelers.\"With double-digit increases in ADR, all five key markets in the country posted double-digit growth in RevPAR, led by Northwest Mexico (+50.6% to MXN1,548.44) and Mexico City (+22.3% to MXN1,760.73).Mexico City also reported the largest occupancy increase (+4.1% to 69.4%) for the year.Two key markets saw negative occupancy performance: Yucatan Peninsula (-3.0% to 69.4%) and Northeast Mexico-Monterrey (-0.5% to 62.4%).Q4 2016During the fourth quarter of 2016, the Mexican hotel industry reported positive results in the three key performance metrics. Occupancy rose 1.3% to 63.0%, and ADR was up 21.5% to MXN2,569.47. As a result, RevPAR increased 23.0% to MXN1,619.56.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 55,000 hotels and nearly 7.5 million hotel rooms around the globe. Please refer to the contacts listed below for additional data requests.

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STR: Canada hotel performance for total-year 2016, Q4 2016
The Canadian hotel industry reported positive year-over-year results in the three key performance metrics during 2016, according to data from STR.Compared with 2015, occupancy increased 0.6% to 64.5%, and average daily rate (ADR) rose 4.3% to CAD149.19. As a result, revenue per available room (RevPAR) grew 5.0% to CAD96.25.In absolute values, July was Canada's top month of the year for each of the three metrics: occupancy (78.3%), ADR (CAD168.39) and RevPAR (CAD131.87).Among the provinces, Prince Edward Island recorded the year's largest year-over-year increases in occupancy (+7.3% to 60.9%) and RevPAR (+15.0% to CAD86.40). ADR in the province rose 7.1% to CAD141.79.British Columbia posted the largest rise in ADR (+7.7% to CAD167.24) and the second largest increase in RevPAR (+11.5% to CAD115.35).Ontario saw the only other double-digit lift in RevPAR (+10.8% to CAD100.29) for the year.Saskatchewan reported the steepest declines in ADR (-4.9% to CAD124.79) and RevPAR (-12.6% to CAD66.84). Occupancy in the province fell 8.1% to 53.6%.Alberta experienced the largest decrease in occupancy (-8.5% to 54.3%) and the only other double-digit drop in RevPAR (-10.2% to CAD80.07).Q4 2016During the fourth quarter of 2016, Canadian hotels reported positive results in the three key performance metrics. Occupancy rose 2.1% to 58.6%, ADR was up 3.5% to CAD$142.18, and RevPAR increased 5.7% to CAD83.27.

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STR, TE Forecast: Steady growth for U.S. hotels in 2017 and 2018
The U.S. hotel industry is projected to see slower but steady growth through 2018, according to STR and Tourism Economics' first forecast of 2017.

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Post-Election Surge in Consumer and Business Sentiment Suggests Momentum for 2017, According to PwC
The updated lodging forecast released today by PwC US notes that strong industry performance in the fourth quarter of 2016, including encouraging trends in demand and average daily rate (ADR), coupled with a post- election surge in consumer and business sentiment that contributed to improving economic conditions, sets the stage for continued revenue per available room (\"RevPAR\") growth in 2017.

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STR: 2016 Middle East and Africa hotel performance
Hotels in the Middle East reported negative total-year 2016 results, while hotels in Africa showed mixed performance when reported in U.S. dollar constant currency, according to data from STR.U.S. dollar constancy currency, year-over-year comparisons:Middle East

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HVS Market Pulse: Why Aren't Hotels Being Built in Ski Towns? | By Brett E. Russell
In ski resort towns across the U.S. and Canada, a large and growing number of people are hitting the slopes. In the 2015/16 ski season alone, total skier visits approached 64 million, an increase of about 1.9 million skiers from the previous season. The most recent performance is still about 3.6 million skier visits lower than the peak season of 2010/11, showing that the industry has room for even more growth. Yet despite the climbing numbers and the continued potential for growth, few ski resorts have realized an increase in their bed base. The limited supply increases have come in the form of fractions or timeshares, not traditional hotels.

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US Hotel Value Gains Moderate as RevPAR Growth Slows and Cap Rates Rise | By Suzanne R. Mellen
Hotel investment activity experienced a bumpy ride in 2016. With a slowdown in RevPAR growth, a stalled CMBS market, and concerns about increased supply, cap rates rose and deal activity slowed. The year ended on a positive note as lodging REIT stocks rallied and economic growth is projected to strengthen. This article, which is published biennially, discusses trends in hotel capitalization rates and provides an outlook for 2017.Following exceptionally strong hotel transaction activity in 2015, the market stalled in the first quarter of 2016 and then rebounded, ending the year with a healthy level of transactions, comparable to the level reached in 2014. Total volume in 2016, based on preliminary data reported by Real Capital Analytics (illustrated in the chart below), reached $35 billion, a decline of 30% from the $50 billion of hotel transactions in 2015, which represented a peak for the current cycle. Deal activity was put off during the first quarter of 2016, as investors and lenders reacted to the stock market correction. The Dow declined by over 8% in early January 2016 and did not fully recover until April. Transaction activity was down 60% and 43% year-over-year for the first two quarters, respectively, and then rebounded strongly in the third quarter of the year. Despite slowing RevPAR and net income growth, capital in search of yield and a safe haven continues to be attracted to the lodging industry. Hotel values continued to rise modestly in most markets over the course of the year, despite the rise in capitalization rates, due to continued RevPAR and NOI gains.The average price per key derived from total sales volume declined by 8% from $156,000 to $144,000, due primarily to the profile and locational mix of assets that transacted. A smaller number of large, full- service hotels were sold during the year, affecting overall volume and average price per key. In addition, fewer hotels were sold in the major metro markets, while investors tu

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In Focus: African Hotel Market Update | By Tim P. Smith
And breathe Wow, 2016 was quite a year and turned the world on its head; the UK voters opted for Brexit and the US electors chose Donald Trump as their next president. These monumental decisions will have far-reaching ramifications that will impact on us all, including Africa.

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Tyrolean Tourism Generates 6.4 Billion Euros | tourism-review.com
Tyrolean tourism provides about 80,000 jobs and accounts for almost a quarter of GDP reaching 6.4 billion euros. With around 340,000 beds, about 46 million overnight stays a year, and more than 53,000 directly employed persons, tourism is an exceptionally important economic activity for Tyrol, according to a study commissioned by the Province of Tyrol in cooperation with the German Association for Applied Economic Research.

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Russian Tourists Boost Spanish Tourism Again | tourism-review.com
Nearly a million Russian tourists visited Spain between January and November 2016, 1.8% more than in the previous year, a figure that is rebounding from the lows, although it is still far from the 1.5 million arrivals in 2013. According to Alla Manilova, from Russia's Deputy Minister of Culture, in the first eleven months of the year 953,000 Russian tourists visited Spain. This figure is in contrast to the 40% decline since 2014 and coincides with the instability of the Russian rouble at the time and \"the worsening of political relations between Russia and Europe,\" he explained.

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Canadian Tourism Is Getting Back On Its Feet | tourism-review.com
In 2015, 18 million foreign visitors stepped onto Canadian soil, the largest tourist destination in the last nine years, according to a report released by Statistique Canada. Far from a record, this is a return to normal for Canadian tourism.

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African tourism expected to grow further in 2017 | By Josephine Wawira
During the first half of 2016, the worldwide international tourist arrivals increased by 4% according to United Nations World Travel Organization (UNWTO), as compared to the period between January and June the previous year. Specifically, Sub-Saharan Africa is noted to be on an upward recovery curve at (+12%). This is a promising growth trend in Africa's tourism with incomparable nimbleness to the persistent challenges, including terrorism threats and negative portrayal of the continent by international media.

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STR: 2016 Asia Pacific hotel performance
Hotels in the Asia Pacific region reported mixed performance for total-year 2016 when reported in U.S. dollar constant currency, according to data from STR.U.S. dollar constant currency, year-over-year comparisons:Asia Pacific region

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STR: 2016 Europe hotel performance
Hotels in Europe recorded positive performance for total-year 2016 when reported in euro constant currency, according to data from STR.Euro constant currency, year-over-year comparisons:Europe

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STR: US hotel performance for total-year 2016, Q4 2016
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during 2016, according to data from STR.Compared with 2015, occupancy was nearly flat (+0.1% to 65.5%), and average daily rate (ADR) rose 3.1% to US$123.97. As a result, revenue per available room (RevPAR) grew 3.2% to US$81.19.The absolute values in the three key performance metrics were each the highest STR has ever benchmarked. The U.S. hotel industry also set records for supply (more than 1.8 billion roomnights) and demand (more than 1.2 billion roomnights). Based on percentage growth for the year, demand (+1.7%) slightly outpaced supply (+1.6%). The supply growth figure was the largest for the industry since 2010.\"In general, we view 2016 as an average year for the U.S. hotel industry,\" said Amanda Hite, STR's president and CEO. \"The three key performance metrics hit record highs, but at the same time, RevPAR growth (+3.2%) was just below the 30-year U.S. average (+3.3%). Looking ahead in 2017, we expect that growth to decelerate further as supply overtakes demand in terms of growth.\"Among the Top 25 Markets, Los Angeles/Long Beach, California, posted the year's only double-digit increase in RevPAR (+10.8% to US$139.65). The increase was primarily driven by the largest rise in ADR (+8.5% to US$171.80). Occupancy in the market was up 2.2% to 81.3%.Norfolk/Virginia Beach, Virginia, saw the largest occupancy increase (+5.0% to 59.9%) and the second largest lift in RevPAR (+8.2% to 59.46).Overall, 20 of the Top 25 Markets recorded year-over-year RevPAR growth for the year.Houston, Texas, reported the steepest declines in each of the three key performance metrics. Occupancy in the market fell 9.1% to 62.3%, ADR was down 3.6% to US$104.65 and RevPAR dropped 12.4% to US$65.15.Miami/Hialeah, Florida, was the only other market to report decreases across each of the three metrics. Occupancy decreased 2.7% to 75.9%, ADR dropped 2.9% to US$189.77 and

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STR: US hotel results for week ending 14 January
The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 8-14 January 2017, according to data from STR.In year-over-year comparisons, the industry's occupancy decreased 0.9% to 56.6%. However, average daily rate (ADR) rose 2.8% to US$122.29, and revenue per available room (RevPAR) increased 1.9% to US$69.24.Among the Top 25 Markets, Tampa/St. Petersburg, Florida, posted the largest year-over-year increases in ADR (+23.7% to US$152.13) and RevPAR (+28.2% to US$120.35). Occupancy in the market was up 3.6% to 79.1%.Two additional markets saw a double-digit lift in RevPAR for the week: Orlando, Florida (+17.0% to US$115.22), and Norfolk/Virginia Beach, Virginia (+12.7% to US$32.63).After Tampa/St. Petersburg, two other markets recorded a double-digit increase in ADR: San Francisco/San Mateo, California (+15.3% to US$410.55), and Orlando, Florida (+10.1% to US$140.82).Norfolk/Virginia Beach experienced the largest year-over-year increase in occupancy (+9.5% to 42.8%).Three markets saw a double-digit decline in RevPAR: Phoenix, Arizona (-16.9% to US$98.42); Houston, Texas (-16.9% to US$57.75); and Miami/Hialeah, Florida (-16.2% to US$159.44).Phoenix reported the largest drop in ADR (-8.0% to US$139.62).Houston experienced the only double-digit decline in occupancy (-11.4% to 56.4%).

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STR analysis: 32 months of Airbnb and hotel data in 13 global markets
An unprecedented independent analysis by STR compared 32 months of Airbnb proprietary data with hotel performance data in 13 major global markets. The analysis revealed key findings regarding occupancy levels in each sector as well as trends in hotel compression nights and rate premiums. STR compared hotel performance data from its global database with Airbnb-sourced data in 13 markets from 1 December 2013 through 31 July 2016. For the purposes of the analysis, STR excluded Airbnb data for units deemed incomparable to hotels (such as shared accommodations).Markets included: Barcelona, Boston, London, Los Angeles, Mexico City, Miami, New Orleans, Paris, San Francisco, Seattle, Sydney, Tokyo and Washington, D.C.\"We are excited to share our findings from the first comprehensive study on this topic that uses actual Airbnb data and not a scraped data set,\" said Jan Freitag, STR's senior VP for lodging insights. \"It is not surprising that results were different in each market, but data suggests that Airbnb owners seem to not deploy yield management strategies as effectively as their hotel counterparts. Occupancies of hotels are higher than Airbnb occupancies, while hotels charge a higher room rate.\"Three key findings:

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HVS Market Pulse: Washington, D.C. | By Chelsey Leffet and Anne R. Lloyd-Jones
Although the federal government remains the dominant influence in Washington, D.C., a diverse array of industries and institutions have contributed to and supported the growth and expansion of the region. The finance, education, healthcare, and scientific-research industries are strongly represented in and around the District, and the region is home to 20 colleges and universities, as well as Adventist HealthCare and multiple major regional hospitals. Some of the most influential financial institutions call D.C. home, including the Federal Reserve, the World Bank, the International Monetary Fund, and the U.S. Export-Import Bank. Greater Washington, D.C. also stands among the nation's top markets for commercial office space and global real estate investment. A world-class array of museums and cultural attractions support a robust tourist trade, while the convention center hosts multiple regional, national, and international events each year.

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The 2017 Super Bowl's Impact on Houston | By Jason Gordon
Super Bowl LI is right around the corner, and this year the big game is taking place in Houston, Texas. The NFL is the largest professional sports league in America, and the Super Bowl always brings quite a bit of business to its host city.

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ITB World Travel Trends Report 2016 / 17
Worldwide trends in outbound and inbound travel as well as important current topicsaffecting the travel and tourism sector were once again in focus at this year's World TravelMonitor Forum.As the World Travel Monitor results for the first eight months of 2016 made clear, worldwideoutbound travel remains on the growth path despite terror attacks and political unrest.The number of worldwide outbound trips grew by 3.9%, led by Asia (+11%), including 18%growth in the rapidly developing Chinese market, and the USA (+7%). European outboundtravel grew by 2.5%, with good growth from the UK (+6%) and Germany (+4%).Worldwide inbound tourism increased by 4% in the first nine months of 2016, according tothe UNWTO World Tourism Barometer. In Europe, destinations perceived as safe benefitedstrongly as international travellers turned away from countries impacted by terror attacks orunrest. Asia and the Americas generated good growth. In Asia, the Mekong sub-region washighlighted as one of the world's fastest growing destinations.The outlook for 2017 is very positive, with world outbound travel predicted to grow bybetween 4% and 5%, driven once again by Asia and the USA and with stronger growth outof Europe. The Chinese are expected to go on more international trips for many years tocome, although there could be a noticeable drop in their sometimes extravagant spending infuture, according to one Beijing-based expert.The impact of terror attacks on the travel industry was a much-discussed topic at the Pisaforum. World Travel Monitor data showed that the real risk to travellers from terror attacksis much lower than, for example, health problems or crime. However, many people (45%)now have serious safety and security concerns, especially about certain countries, and abouttwo thirds of them plan to only travel to international destinations they perceive as beingsafe. Speakers highlighted the possible methods that affected destinations can use to improvetheir tourism

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HotStats MENA Chain Hotels Market Review November 2016
Grand Prix Drives Premium Profit at Abu Dhabi Hotels But is Well Behind Previous YearsAt $151.59, profit per room at Abu Dhabi hotels this month was 1.4 times higher than the year-to-date 2016 figure for the city at $63.33, but was 20.3% below November 2014 levels, according to the latest data from HotStats.

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HotStats European Chain Hotels Market Review November 2016
Amsterdam Rooms Profit Hit by Falling Revenues and Rising CostsThe 5.9% drop in profit in the Rooms department at Amsterdam hotels this month was due to a 2.8% decline in Rooms Revenue, as well as rising costs, according to the latest data from HotStats.

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Mexican Tourism To Slow Down Thanks To Trump | tourism-review.com
Following the US presidential election, there will be a slowdown in the rate of international tourist arrivals in Mexico, which will grow by only 7 per cent per year, according to estimates by Anhuac University and the National Business Tourism Council focusing on the outlook of Mexican tourism. Just before the elections on November 8 last year, Francisco Madrid, a tourism specialist, asked industry bosses whether Mexican tourism would be adversely affected if Trump won the election, and 54 per cent answered yes.

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Honduran Tourism Expected To Increase 15% | tourism-review.com
Honduran tourism sector, better known as the \"chimneyfree industry,\" is expected to jump from 4 to 15% growth this year. The increase is projected to generate more than 800 million dollars in foreign currency for the country, according to estimates by officials of the Honduran Tourism Institute (IHT). The Honduran economy will get a billion-dollar contribution from the travel and tourism sector this year.

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Chinese New Year: Record-breaking Travel During The Celebrations | tourism-review.com
The Chinese New Year celebrations are approaching and this years' joyful time is set to become a record-breaking festival. Major jumps in both domestic and outbound travel are expected during the week-long holidays starting on January 27th. The Chinese are expected to make a total of 2.98 billion trips nationwide from January 13th to February 21st. This would represent an increase of 2.2 % year on year during the annual travel peak, known in China as chunyun.

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French Tourism Revival Is Expected | tourism-review.com
At risk in 2016, French tourism ended the year with a slight improvement in hotel occupancy. The positive trend is expected to continue throughout 2017, provided that the most affluent foreign tourists come back to the country. While 2016 was the worst year for the hotels since 2009, its last four months ended with a 0.5% increase in occupancy, according to the MKG study, which is good news for the French tourism industry.

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HotStats UK Chain Hotels Market Review November 2016
Hotels in the North East recorded a 5.3% decline in profit per room this month, which was the eighth month of profit decline in the region in 2016, according to the latest data from HotStats.

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STR: US hotel results for week ending 7 January
The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 1-7 January 2017, according to data from STR.In year-over-year comparisons, the industry's occupancy fell 3.2% to 47.1%. However, average daily rate (ADR) rose 4.5% to US$117.08, and revenue per available room (RevPAR) increased 1.1% to US$55.13.Among the Top 25 Markets, New Orleans, Louisiana, recorded the largest year-over-year increases in occupancy (+23.5% to 56.9%) and RevPAR (+49.1% to US$81.76). ADR in the market was up 20.7% to US$143.66.Six additional markets experienced double-digit growth in RevPAR year over year: Tampa/St. Petersburg, Florida (+28.7% to US$82.03); Oahu Island, Hawaii (+28.6% to US$231.50); New York, New York (+18.3% to US$128.46); Orlando, Florida (+11.6% to US$85.71); Los Angeles/Long Beach, California (+10.6% to US$112.17); and Anaheim/Santa Ana, California (+10.2% to US$87.22).Oahu Island posted the largest year-over-year increase in ADR (+24.4% to US$286.86). Other than the aforementioned New Orleans, one other market reported double-digit growth in the metric: Tampa/St. Petersburg (+22.1% to US$131.80).New York was the only other market to report a double-digit lift in occupancy (+12.2% to 71.3%) for the week.Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy fell 17.0% to 42.5%, ADR was down 11.5% to US$86.17 and RevPAR dropped 26.5% to US$36.65.Two other markets saw a decrease in RevPAR of 20.0% or more: Boston, Massachusetts (-23.2% to US$53.20), and San Francisco/San Mateo, California (-20.7% to US$97.73). Overall, eight Top 25 Markets reported a double-digit decline in the metric.While no market outside of Houston reported a double-digit decrease in ADR, an additional six did report a double-digit drop in occupancy. Three of those six markets experienced an occupancy decrease of 15.0% or more: Boston (-16.4% to 41.6%); San Francisco/San Mateo (-15.5% to 59.0%);

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STR: Preliminary December 2016 data for Singapore
STR's preliminary December 2016 data for Singapore indicates strong supply growth and low occupancy levels.Based on daily data from December, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary December 2016 data for Melbourne
STR's preliminary December 2016 data for Melbourne, Australia, indicates overall performance growth driven by rate. Based on daily data from December, Melbourne reported the following in year-over-year comparisons:

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STR: Preliminary December 2016 data for Dubai
STR's preliminary December 2016 data for Dubai, United Arab Emirates, indicates strong demand growth and lower rates consistent with significant supply growth. Based on daily data from December, Dubai reported the following in year-over-year comparisons:

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STR: Preliminary December 2016 data for Munich
STR's preliminary December 2016 data for Munich, Germany, indicates overall performance declines.Based on daily data from December, Munich reported the following in year-over-year comparisons:

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STR: Preliminary December 2016 data for London
STR's preliminary December 2016 data for London, England, indicates significant demand growth and high occupancy levels.Based on daily data from December, London reported the following in year-over-year comparisons:

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Australia Hotels Outlook for 2017 | By Wayne Bunz
While 2016 was a slow deal year for major transactions, there was significant activity involving regional and leisure assets. Looking ahead, new supply will be a concern in many major markets in 2017. In Melbourne, it will be hard to drive room rate growth given continued new supply. Strong occupancies are still being achieved but rate growth will be moderate. In Sydney, the average daily rate will continue to be strong with limited new supply and the new Sydney Exhibition Centre coming on line. This will make Sydney the number one performing hotel market for the next three to five years. In Brisbane, rates and occupancy levels will remain under pressure given the level of new supply and the lack of major new demand generators. However, with head works starting and road closures now in place for the start of works on the Queens Wharf Redevelopment, the announcement of the $20b Adani Coal Mine and recovering coal and iron ore pricing, we expect that the Queensland hotel market will begin to recover from 2018 onwards. Counter cyclical opportunities will arise for astute investors in areas such as Brisbane and Perth. However, we expect that most deals done in these markets will be off market deals rather than on market. Cairns, the Gold Coast and the Whitsunday Island regions will continue to experience a strong recovery in room rates and occupancies as inbound tourism arrivals numbers continue to grow with the lower Australian dollar. However, until the mining industry fully recovers there may be distressed sales occurring in some areas of Australia as valuations of properties are ordered by the banks. Areas that will be affected will be the sub regional markets like Mackay, Townsville and Gladstone and regional areas of WA in towns that were once thriving due to the mining boom. If one bank moves on owners in these regions other banks will be sure to follow suit. - Wayne Bunz, National Director, CBRE Hotels

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Overview 2016 of French hotel industry: 900 million in lost earnings, Paris and Nice suffer | hospitality-on.com
Analysis of monthly evolutions, key figures: discover the first overview of fiscal year 2016 for the French hotel industry. Unsurprisingly, this year was difficult in France; business results were driven down by by results in the PACA Region and even more so in the Paris Region, where the RevPAR dropped significantly. Overall, the lost earnings for the hotel industry is no fewer than 900 millions euros nationwide (CA F&B and other included), despite good performance on other markets in the provinces.

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CBRE Issues U.S. Lodging Forecast
The outlook for the U.S. lodging industry, particularly historic hotels, continues to be extremely strong, according to CBRE Hotels' Americas Research (CBRE).

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HVS Market Pulse: Salt Lake City, Utah | By Katy Black & Ryan Mark
Salt Lake City, Utah's capital and most populous city, dates its founding back to 1847. Since then, the city has realized a course of evolutions, some of which are currently underway. These include infrastructural developments such as pivotal transcontinental highways (earning Salt Lake City its designation as the Crossroads of the American West), ascension to the international stage through events such as the 2002 Winter Olympics, and hundreds of millions of dollars in business and commercial expansions, including the current planning for the city's northwest quadrant.

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In Focus: Niagara Falls Area, Ontario, Canada | By Jingjianxiong (Charlie) Shi & Monique Rosszell
The city of Niagara Falls, Ontario, is on the Canadian side of Niagara Falls, which forms the international border between the Canadian province of Ontario and the US state of New York. The natural wonder of Niagara Falls, which is the collective name for the Horseshoe Falls, the adjacent American Falls, and the smaller Bridal Veil Falls, is a major tourist attraction for the city of Niagara Falls, attracting 12 million visitors every year. Combined, the three falls have the highest flow rate of any waterfall in the worldand a vertical drop of more than 165 feet.

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HVS Market Pulse: Northern New Jersey's Pharm Country | By Kim Lindell
Somerset County, which dates back to its agricultural roots in 1688 and is now one of the world's foremost pharmaceutical industry centers, still maintains its historical rustic presence. The county, however, along with those of Middlesex and Morris in northern New Jersey, is undergoing a surge in office space and mixed-use development, and this is producing a new wealth of hotel demand for the area. Northern New Jersey's hotel market and submarkets have benefitted from major corporate expansions over the past several years, which have brought a substantial rise in corporate lodging demand. This HVS Market Pulse report details the area's major economic entities and office-space expansions and their impact on the local lodging market.A Diversity of Major Demand GeneratorsSomerset County's proximity to New York City brings the benefit of additional travelers through the area, especially those generated by consumer services. Yet while continuing to draw from New York City's roaring economic engine, the economy of northern New Jersey boasts many of its own economic cornerstones and major hotel demand generators. Fortune 500 mega-companies including Verizon, Pfizer, Johnson & Johnson, GlaxoSmithKline, MetLife, and AT&T are the most prominent pillars of the greater northern New Jersey economy and continue to produce high volumes of commercial room nights for local hotels. Employers in the fields of biotechnology, health care, and pharmaceuticals are deeply entrenched in Somerset, Morris, and Middlesex Counties. These counties have long been preferred destinations for pharmaceutical and healthcare corporations because of the presence of an educated workforce and the nearby Newark International Airport. Hotel demand generators in Middlesex County include the shipping and distribution companies in Raritan Center and the Technology Centre of New Jersey, which was established by the New Jersey Economic Development Authority as a high-tech business park. The T

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STR: US hotel results for week ending 24 December
The U.S. hotel industry reported negative results in the three key performance metrics during the week of 18-24 December 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy decreased 1.2% to 42.2%, and average daily rate (ADR) was down 3.0% to US$106.06. As a result, revenue per available room (RevPAR) fell 4.2% to US$44.76.Among the Top 25 Markets, Washington, D.C.-Maryland- Virginia, posted the largest increases across the three key performance metrics. Occupancy in the market rose 8.9% to 37.6%, ADR was up 8.9% to US$100.40 and RevPAR grew 18.6% to US$37.72.Three additional markets saw a double-digit lift in RevPAR for the week: Denver, Colorado (+13.6% to US$40.81); Detroit, Michigan (+13.4% to US$32.59); and Dallas, Texas (+11.5% to US$33.74).Six markets experienced a double-digit drop in RevPAR: Miami/Hialeah, Florida (-31.1% to US$111.61); Orlando, Florida (-27.9% to US$65.95); New Orleans, Louisiana (-25.6% to US$39.82); Tampa/St. Petersburg, Florida (-15.1% to US$45.64); Anaheim/Santa Ana, California (-14.4% to US$81.79); and San Diego, California (-10.7% to US$55.23).Three markets reported double-digit decreases in ADR: Miami/Hialeah (-22.4% to US$178.88), Orlando (-11.5% to US$106.40) and New Orleans (-10.4% to US$101.54).Five markets saw a double-digit decline in occupancy: Orlando (-18.5% to 62.0%), New Orleans (-17.0% to 39.2%), Tampa/St. Petersburg (-13.2% to 47.2%), Anaheim/Santa Ana (-12.9% to 60.3%) and Miami/Hialeah (-11.2% to 62.4%).

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December

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STR: US hotel results for week ending 17 December
The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 11-17 December 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy increased 4.7% to 54.0%, and average daily rate (ADR) was up 4.8% to US$111.59. As a result, revenue per available room (RevPAR) grew 9.7% to US$60.31.Among the Top 25 Markets, Washington, D.C.- Maryland-Virginia, posted the largest increases in occupancy (+20.2% to 62.1%) and RevPAR (+34.6% to US$85.31).Three additional markets experienced RevPAR growth of more than 20.0% in year-over-year comparisons: Detroit, Michigan (+22.4% to US$58.65); Nashville, Tennessee (+21.6% to US$71.27); and New York, New York (+20.3% to US$250.75). Overall, 16 of the Top 25 Markets saw a double-digit lift in RevPAR for the week.New York (+13.1% to US$277.33) registered the largest rise in ADR, followed by Washington, D.C. (+12.0% to US$137.31) and Nashville (+10.2% to US$117.27).After Washington, D.C., seven other markets saw a double-digit lift in occupancy. Detroit (+15.2% to 61.0%) was the only one of those markets to report an increase of more than 15.0% in the metric.Oahu Island, Hawaii, reported the steepest declines across the three key metrics. Occupancy fell 15.4% to 77.1%, ADR was down 4.9% to US$212.16 and RevPAR dropped 19.6% to US$163.59.The only other double-digit decrease in the metrics came in Miami/Hialeah, Florida (RevPAR: -10.2% to US$100.05).

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STR: Central/South America hotel performance for November 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 November 2016 data from STR.Compared with November 2015, the Central/South America region reported a 3.8% decrease in occupancy to 60.3%. However, average daily rate (ADR) was up 6.0% to US$94.15, and revenue per available room (RevPAR) increased 1.9% to US$56.76. Performance of featured countries for November 2016 (local currency, year- over-year comparisons):Brazil continued to struggle with occupancy falling 7.8% to 55.5% and ADR down 8.9% to BRL275.11. As a result, RevPAR dropped 16.0% to BRL152.82. Performance was brought down significantly by a 40.9% drop in RevPAR in Rio de Janeiro, the country's key hotel market. STR analysts note that Brazil's performance declines may continue for some time, as there are 94 hotels In Construction in the country as well as another 131 pipeline projects in planning phases. Additional demand will be needed to offset such significant supply growth. Costa Rica reported year-over-year growth across the three key metrics: occupancy (+2.0% to 69.5%), ADR (+2.4% to CRC65,673.61) and RevPAR (+4.5% to CRC45,657.63). November marked the eighth consecutive month that Costa Rica posted RevPAR growth. According to STR analysts, one factor that drove the country's performance in November was group business (bookings of 10 or more rooms) in San Jose.Panama recorded 3.8% growth in occupancy to 52.6%, while ADR dropped 4.4%% to PAB93.35. RevPAR subsequently fell 0.8% to PAB49.13. This marked Panama's lowest absolute ADR level since August 2006. STR analysts note that the country's performance has been heavily affected by supply increases over the last several years.Performance of featured markets for November 2016 (local currency, year-over-year comparisons):Bogot, Colombia, recorded a 16.1% increase in occupancy to 69.6% and a 2.0% increase in ADR to COP289,328.1

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HVS Market Pulse: Perspectives on the New York City Lodging Market | By Anne Lloyd-Jones
With average rates declining by 1.5% in 2015 and on track to drop at more than double that pace in 2016, the New York City lodging market has received a lot of negative press of late. Between the significant increase in supply and the lackluster average rate performance, the once golden market is now viewed as tarnished. Some hotel owners are selling assets, preferring not to ride out the current downturn; RLJ recently sold two hotels in New York, noting \"While we continue to believe in the New York City market over the long term, in the near term, these sales reduce our exposure as this market goes through a soft period.\" Additionally, some investors and lenders have expressed reluctance to even consider getting in to the market.

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STR: Europe hotel performance for November 2016
Hotels in Europe reported positive results in the three key performance metrics when reported in euro constant currency, according to November 2016 data from STR.Compared with November 2015, Europe reported 4.2% growth in occupancy to 70.3%. Average daily rate (ADR) rose 1.5% to EUR107.14. Revenue per available room (RevPAR) increased 5.8% to EUR75.36. Performance of featured countries for November 2016 (local currency, year-over-year comparisons):Italy recorded a 4.9% increase in occupancy to 64.1%, but a 7.3% decline in ADR to EUR108.11 pulled RevPAR down 2.7% to EUR69.33. STR analysts note that the country's ADR performance was brought down by a steep decline in Milan (-18.6%), its largest hotel market, which posted year-over-year performance decreases in comparison with the month that followed Expo Milano 2015. Smaller markets like Sicily, Veneto and Emilia Romagna each posted RevPAR increases for the month.Netherlands posted 2.9% growth in occupancy to 70.2% and a 1.4% increase in ADR to EUR109.49. As a result, RevPAR rose 4.3% to EUR76.83. The absolute ADR level was the highest for a November in the country since 2008. STR analysts note that the Netherlands' overall performance is heavily influenced by the airport and inner submarkets of its capital city, Amsterdam.Spain posted increases in both occupancy (+1.0% to 70.8%) and ADR (+3.9% to EUR98.08), resulting in 4.9% growth in RevPAR to EUR69.44. The absolute occupancy level was the highest for a November in Spain since 2000. In addition, the country has now reported 43 consecutive month of year-over-year RevPAR growth. STR analysts note that November's performance was largely driven by hotels in regional areas, while the two major cities, Madrid and Barcelona, both reported flat performance.Performance of featured markets for November 2016 (local currency, year- over-year comparisons):Berlin, Germany, posted record highs for the month of November across all key performance levels: occupancy

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STR: Middle East and Africa hotel performance for November 2016
Hotels in the Middle East reported mixed November 2016 results, 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 November 2015, the Middle East recorded a 3.1% increase in occupancy to 71.3%. However, a 7.7% drop in average daily rate (ADR) to US$182.60 pulled revenue per available room (RevPAR) down 4.8% to US$130.27. Africa experienced a 1.2% increase in occupancy to 59.9%. That coupled with an 18.6% spike in ADR to US$118.59 pushed RevPAR up 20.0% to US$71.01. Performance of featured countries for November 2016 (local currency, year-over-year comparisons):Kenya recorded a 13.6% increase in occupancy to 58.0%, mitigating a 3.7% drop in ADR to KES13,612.49. As a result, RevPAR grew 9.4% to KES7,899.87. The World Bank's most recent Kenya Economic Update projected 5.9% growth for Kenya's economy, helped by low oil prices, good agricultural performance, a supportive monetary policy and ongoing infrastructure investments. For Kenya's hotel industry, this will likely translate to significant supply growth, as there are currently 2,349 rooms in the pipeline set to enter the market over the next five years. Qatar reported a 1.2% decline in occupancy to 69.1% and a 6.8% decrease in ADR to QAR469.75, leading to an 8.0% drop in RevPAR to QAR324.38. Significant supply growth (+6.1%) outpaced solid demand growth (+4.8%) during the month. STR analysts note that the amount of new supply entering the country is not expected to slow any time soon, as there are currently 15,958 rooms in Qatar's pipeline3,121 of which are set to hit the market in 2017. The country's economy also been affected by falling oil prices.South Africa saw relatively flat occupancy (+0.7% to 72.7%), while ADR rose 9.1% to ZAR1,230.84, pushing RevPAR growth 9.9% to ZAR895.30. STR analysts note the importance of tourism to the country's economy, and by extension, hotel

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STR: Asia Pacific hotel performance for November 2016
Hotels in the Asia Pacific region reported mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to November 2016 data from STR.Compared with November 2015, the Asia Pacific region reported a 3.1% increase in occupancy to 72.3%. Average daily rate (ADR) dipped 1.0% to US$101.65. Revenue per available room (RevPAR) grew 2.1% to US$73.49. Performance of featured countries for November 2016 (local currency, year-over-year comparisons):China posted growth in occupancy (+5.1% to 69.9%) and RevPAR (+3.9% to CNY379.55). ADR in the country was down 1.2% to CNY543.31. Demand growth (+8.6%) rapidly outpaced supply growth (+3.3%) during the month, and key markets such as Shanghai, Beijing, Nanjing, Guangzhou, Hangzhou and Sanya all posted performance growth. Meanwhile, smaller markets such as Kunming and Haikou experienced weaker performance due to regional economic issues and strong supply growth.Malaysia recorded a 4.5% increase in occupancy to 67.8% and a 0.3% rise in ADR to MYR340.44, leading to a 4.9% lift in RevPAR to MYR230.94. STR analysts note that Malaysia's tourism sector has been helped by an influx of Chinese arrivals following the new e-visa and visa-waiver program that began in March 2016. Also factoring into the positive year-over-year comparisons, November 2015 performance was weaker due to tourism issues stemming from the airline disasters as well as political and economic tensions.Singapore recorded its lowest absolute RevPAR level (SGD216.64) for a November since 2008, a 7.1% decrease from November 2015. The results were split by a 3.3% drop in occupancy to 79.8% and a 3.9% decrease in ADR to SGD271.47. Playing a role in the negative results were consistent supply growth (+3.5% year to date) placing pressure on performance and fewer major events in the market.South Korea experienced a 0.8% increase in occupancy to 69.1%, but a 5.2% drop in ADR to KRW161,786.72 led to a 4.5% decline in

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Hotel Market Data: Pre Xmas Openings
November and December have seen a total of 64 hotels opening their doors in the lead up to Christmas. Especially North America seemed to have aimed to have their hotel constructions finished before this high season, counting for 56% of the total of hotel openings of the biggest hotel chains. Europe had 14 projects finished, the rest being spread over Latin America (8%), Africa (3%), the Middle East (5%) and Asia Pacific (6%).

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STR: US hotel performance for November 2016
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during November 2016, according to data from STR.Compared with November 2015, occupancy increased 2.5% to 60.7%, and average daily rate (ADR) rose 3.4% to US$119.71. As a result, revenue per available room (RevPAR) grew 5.9% to US$72.68, marking the industry's 81st consecutive month with a year-over-year increase in RevPAR. The 60.7% occupancy level was the highest for any November in STR's database, and the RevPAR increase was the largest for the industry since October 2015.\"November results were definitely stronger than expected, but the month will likely end up as an outlier,\" said Brad Garner, STR's senior VP for client relationships. \"Part of the performance can be attributed to a calendar shift. This month included a Tuesday and Wednesday in comparison with a Sunday and Monday in 2015. Performance on those days in 2016 was quite a bit higher, which is to be expected as Sunday is historically the lowest performing day of the week.\"Moving forward, we still expect supply growth to outweigh demand growth, leaving ADR as the primary driver of RevPAR. That equation likely adds up to a performance growth slowdown for the industry similar to what we have seen in previous months.\"Among the Top 25 Markets, Norfolk/Virginia Beach, Virginia, recorded the only double-digit increase in occupancy (+11.0% to 53.3%) and the largest increase in RevPAR (+14.0% to US$43.17). ADR in the market was up 2.6% to US$81.00.Three additional markets reported double-digit growth in RevPAR for the month: Chicago, Illinois (+12.9% to US$107.24); Los Angeles/Long Beach, California (+12.6% to US$124.32); and Nashville, Tennessee (+11.0% to US$94.85).Los Angeles/Long Beach posted the largest rise in ADR (+7.8% to US$164.67).Houston, Texas, reported the steepest declines across the three key metrics. Occupancy in the market dropped 9.5% to 58.0%, ADR was down 6.1% to US$99

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2017 Hospitality Outlook Is A Mixed Bag - CBRE Reports
The 2017 outlook for U.S. hotels offers mixed blessings, with near record occupancy levels projected while average daily room rates (ADR) are expected to continue leveling off. According to the recently released December 2016 Hotel Horizons forecast report, CBRE Hotels' Americas Research is projecting that the U.S. lodging industry will achieve annual occupancy rates of 65.3 percent in 2016 and 65.0 percent in 2017. Both of these marks are just shy of the 65.4 percent all-time record occupancy level posted in 2015. \"Conventional wisdom says that at such high occupancy levels, hoteliers should have the leverage to implement strong price increases. However, like for much of 2016, you need to throw conventional wisdom out the window,\" said R. Mark Woodworth, senior managing director of CBRE Hotels' Americas Research. Despite the lofty occupancy levels, CBRE is forecasting a national ADR increase of 3.3 percent in 2017. While this represents a real ADR change of 1.7 percent, the pace of ADR growth has been falling since 2014 and is expected to continue to weaken through 2019. \"Of course, movements in ADR do vary by location and chain-scale. The northern California markets of Sacramento and Oakland, along with Washington, D.C. and Tampa, are projected to lead the nation and enjoy ADR gains in excess of six percent during 2017. Further, lower-priced independent properties, which have lagged in their recovery, are starting to see some meaningful increases in room rate,\" Woodworth added. CBRE attributes the overall sluggishness in ADR growth to a combination of factors, some of which are new to the U.S. lodging industry:

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STR: US hotel results for week ending 10 December
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 4- 10 December 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy increased 1.7% to 59.2%, and average daily rate (ADR) was up 3.9% to US$120.12. As a result, revenue per available room (RevPAR) grew 5.7% to US$71.08.STR analysts note that the week's performance was helped by a comparison to a 2015 week that included the first day of Hanukkah.Among the Top 25 Markets, San Diego, California, posted the largest year-over-year increases across the three key performance metrics. Occupancy in the market rose 18.0% to 74.0%, ADR was up 21.1% to US$151.36 and RevPAR increased 42.9% to US$111.96.Six additional markets experienced double-digit RevPAR growth for the week: Washington, D.C.-Maryland-Virginia (+17.8% to US$106.87); Norfolk/Virginia Beach, Virginia (+13.6% to US$43.93); Anaheim/Santa Ana, California (+12.4% to US$110.33); New York, New York (+11.4% to US$348.21); Atlanta, Georgia (+11.3% to US$70.53); and San Francisco/San Mateo, California (+10.6% to US$163.81).No other market reported double-digit increases in any of the three key metrics.New Orleans, Louisiana, reported the steepest declines across the three metrics. Occupancy fell 13.2% to 62.1%, ADR was down 15.4% to US$130.92 and RevPAR dropped 26.6% to US$81.34.Three other markets saw a double- digit decrease in RevPAR: Orlando, Florida (-11.9% to US$76.07); Philadelphia, Pennsylvania-New Jersey (-11.8% to US$81.07); and Houston, Texas (-11.3% to US$65.88).No additional double-digit decreases were reported in the three metrics.

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Market Snapshot: Growing Glasgow | By Lionel Schauder and Harry Douglass
The success of the 2014 Commonwealth Games, which welcomed around 5,000 athletes, has bolstered Glasgow's reputation as a destination with a full range of sporting facilities and a city capable of hosting international events, such as the 2015 World Gymnastics Championships, which attracted over 70,000 people. In 2018, Glasgow will be the stage for the inaugural European Championships expected to have a television audience of more than one billion.

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Tourico Holidays Releases Holiday Hotel Report
Tourico Holidays, the world's fastest growing wholesale travel brokerage company, today shared its inaugural Holiday Hotel Report offering data and trends in hotel booking behavior during the holiday season.

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STR: Preliminary November 2016 data for Sydney
STR's preliminary November 2016 data for Sydney, Australia, indicates significant levels of occupancy and average daily rate.Based on daily data from November, Sydney reported the following in year-over-year comparisons:

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STR: Preliminary November 2016 data for Singapore
STR's preliminary November 2016 data for Singapore indicates overall performance declines.Based on daily data from November, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary November 2016 data for Abu Dhabi
STR's preliminary November 2016 data for Abu Dhabi, United Arab Emirates, indicates significantly lower average daily rate in year-over-year comparisons.Based on daily data from November, Abu Dhabi reported the following:

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STR: Preliminary November 2016 data for Berlin
STR's preliminary November 2016 data for Berlin, Germany, indicates performance growth.Based on daily data from November, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary November 2016 data for London
STR's preliminary November 2016 data for London, England, indicates strong demand growth and sharp performance increases.Based on daily data from November, London reported the following in year-over-year comparisons:

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STR: US hotel results for week ending 3 December
The U.S. hotel industry reported mostly negative results in the three key performance metrics during the week of 27 November through 3 December 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy fell 1.5% to 56.0%. Average daily rate (ADR) increased 0.5% to US$117.31. Revenue per available room (RevPAR) declined 1.0% to US$65.65.San Diego, California, was the only Top 25 Market to record double-digit growth in ADR (+21.6% to US$157.39) and RevPAR (+26.0% to US$101.08). Occupancy in the market increased 3.6% to 64.2%.Washington, D.C.-Maryland-Virginia, experienced the largest occupancy increase (+3.9% to 62.0%) and the second largest rise in RevPAR (+8.8% to US$89.04).Overall, five the Top 25 Markets experienced a year-over-year occupancy increase for the week. Eight markets recorded positive RevPAR performance. Houston, Texas, reported the only double- digit decline in occupancy (-14.0% to 54.5%) and the steepest drop in RevPAR (-18.9% to US$55.32). ADR in the market was down 5.7% to US$101.47.Four additional markets saw a double-digit RevPAR decrease for the week: Orlando, Florida (-15.3% to US$71.76); Miami/Hialeah, Florida (-13.4% to US$197.58); New Orleans, Louisiana (-10.2% to US$88.47); and Philadelphia, Pennsylvania-New Jersey (-10.1% to US$69.69).Miami/Hialeah reported the only double-digit drop in ADR (-10.1% to US$250.16).

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Tourist Spending In Mexico Is Critically Low | tourism-review.com
Average tourist spending by foreign visitors to Mexico is only half of what it is in Dominican Republic, and at least 300% below that of the United States, India and Australia, according to a study by Anahuac University and the National Tourism Business Council (CNET).

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Italian Tourism Industry Steadily On The Rise | tourism-review.com
Tourism industry in Italy has become the most important growth provider for the country's economy this year. The trend is expected to continue in 2017/18 as well. The gross domestic product is expected to increase by 0.9% in 2016 and tourism by 1.5%. The turnover in tourism accounts for 171 billion euros, which is 11.8% of the GDP. The sector employs 3.1 million people, 12.8% of the Italian workforce.

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HotStats European Chain Hotels Market Review October 2016
Profit Per Room at Dublin Hotels is Fastest Growing in EuropeWhilst year-on-year growth has slowed slightly this month profit performance at hotels in Dublin remains the fastest growing in Europe, achieving a 25.5% increase for year-to-date 2016, according to the latest data from HotStats.

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HotStats UK Chain Hotels Market Review October 2016
South West Hotels on Course for More Profit in 2016 Despite October StumbleProfit per room at hotels in the South West region fell by 5.0% year-on-year in October, but remained on course for a third consecutive year of growth in 2016, according to the latest data from HotStats.

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HVS Key Takeaways: CHICOS 2016 | By Kristin Rinaudo and Parris Jordan
HVS recently held its 6th annual Caribbean Hotel Investment Conference and Operating Summit (CHICOS) at the Ritz-Carlton in San Juan, Puerto Rico. Hotel developers, investors, operators, lenders, brand representatives, and government leaders came armed with questions and information on the prospects for the region's hotel industry. Here are some key takeaways.

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AETHOS Consulting Group Shares 2017 Predictions, US | By Keith Kefgen and Dave Mansbach
With just weeks left in the 2016 calendar year, AETHOS Consulting Group in New York, Los Angeles, London and Melbourne have gathered their thoughts and will boldly share their predictions, concerns and issues for the coming year. And while AETHOS executives focus on issues relative to their respective parts of the globe, issues naturally transcend and impact our industry worldwide.

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AETHOS Consulting Group Shares 2017 Predictions, EMEA | By Chris Mumford and Thomas Mielke
With just weeks left in the 2016 calendar year, AETHOS Consulting Group in London, New York, Los Angeles and Melbourne have gathered their thoughts and will boldly share their predictions, concerns and issues for the coming year. And while AETHOS executives focus on issues relative to their respective parts of the globe, issues naturally transcend and impact our industry worldwide.

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AETHOS Consulting Group Shares 2017 Predictions, Asia-Pacific | By Georgianne Fsadni
With just weeks left in the 2016 calendar year, AETHOS Consulting Group in New York, Los Angeles, London and Melbourne have gathered their thoughts and will boldly share their predictions, concerns and issues for the coming year. And while AETHOS executives focus on issues relative to their respective parts of the globe, various issues naturally transcend and impact our industry worldwide.

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November

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Las Vegas Casino & Hotel Market Outlook 2016 | By Shannon Okada and Bomie Kim
Las Vegas lives on reputation. A city of enticement, its draws include world-renowned institutions and venues for gambling, dining, entertainment, conventions and meetings, and high-end shopping. Gaming, both in terms of visitors who come to gamble and gaming wins per visitor, is evidently in decline in the market. Hence, there is a continuing need for casino owners and hoteliers in Las Vegas to track and focus on other ways in which visitors create revenue. The generation of more non-gaming revenue should make the market better equipped to withstand future economic downturns.

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STR: US hotel results for week ending 19 November
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 13- 19 November 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy rose 4.5% to 65.8%. Average daily rate (ADR) increased 4.6% to US$122.02. Revenue per available room (RevPAR) grew 9.2% to US$80.25.Among the Top 25 Markets, New Orleans, Louisiana, posted the largest year-over-year increases in ADR (+15.9% to US$163.82) and RevPAR (+28.9% to US$123.41). Occupancy in the market grew 11.3% to 75.3%.Three additional markets saw a RevPAR increase of 20.0% or more: San Diego, California (+23.0% to US$114.34); St. Louis, Missouri (+20.3% to US$68.90); and Los Angeles/Long Beach, California (+20.0% to US$143.37). Overall, 15 of the Top 25 Markets experienced double-digit RevPAR growth.After New Orleans, three other markets recorded a double-digit rise in ADR: Los Angeles/Long Beach (+10.9% to US$172.71); Phoenix, Arizona (+10.7% to US$129.40); and Boston, Massachusetts (+10.2% to US$208.52).Norfolk/Virginia Beach, Virginia, registered the week's largest increase in occupancy (+15.6% to 56.1%). Aside from the aforementioned New Orleans, two additional markets saw a double-digit lift in the metric: St. Louis (+13.5% to 67.7%) and San Diego (+13.3% to 77.0%).Miami/Hialeah, Florida, reported the steepest declines in ADR (-9.5% to US$169.91) and RevPAR (-18.4% to US$126.55). Occupancy in the market dropped 9.9% to 74.5%.Houston, Texas, saw the only double-digit decrease in occupancy (-10.4% to 63.3%) and the only other double-digit decline in RevPAR (-15.7% to US$67.31).

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STR: Central/South America hotel performance for October 2016
Hotels in the Central/South America region reported mostly negative results in the three key performance metrics when reported in U.S. dollar constant currency, according to October 2016 data from STR.Compared with October 2015, the Central/South America region reported a 6.6% decrease in occupancy to 56.5%. Average daily rate (ADR) was up 0.9% to US$89.76. Revenue per available room (RevPAR) dipped 5.8% to US$50.75. Performance of featured countries for October 2016 (local currency, year-over-year comparisons):Chile reported declines across the three key performance metrics. Occupancy fell 5.5% to 68.1%, ADR dropped 11.1% to CLP123.22 and RevPAR declined 16.0% to CLP83.88. The country experienced a 3.6% decline in demand after three consecutive months of demand growth. Santiago, the capital city, was hit the hardest, with a 7.2% drop in occupancy and a 17.9% decrease in ADR. STR analysts attribute the performance in part to sluggish economic conditions linked with the mining sector.Ecuador saw a 1.3% increase in occupancy to 68.8%, and an inflation-driven 22.1% rise in ADR to US$123.90 pushed RevPAR up 23.8% to US$85.21. STR analysts note that strong supply growth (+2.9%) was outpaced by demand growth (+4.3%) during the month, helped by Habitat III, the United Nations' Conference on Housing and Sustainable Urban Development (17-20 October).Peru reported decreases in each of the three key metrics. Occupancy fell 2.5% to 70.5%, ADR dropped 23.9% to PEN436.10 and RevPAR fell 25.8% to PEN307.49. STR analysts attribute the country's performance declines to a 29.4% fall in Group demand (bookings of 10 or more rooms) and a comparison with a strong month in 2015 when the country hosted annual meetings of the World Bank Group and the International Monetary Fund.Performance of featured markets for October 2016 (local currency, year-over-year comparisons):Buenos Aires, Argentina, posted 86.3% growth in RevPAR to ARS1,448.71 as a result of a 7.8% increase in

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U.S. Hotel Profit Recession Probability Hits 71% in November
Hotel room rates in the top-25 most popular U.S. destinations are averaging $190.37 this November, down from $219.06 in October, according to online hotel room price indices from trivago's unique global multi- provider platform. The U.S. online average daily rate (oADR), the industry's best analytic for competitive pricing, currently ranges among the top-25 destinations from a high of $340 to a low of $109 this November. Based on industry surveys, eforecasting.com estimates that in 2016 about 65% of all reservations are made online via brand websites and travel agent merchant websites, compared with only one-fourth eight years ago.

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Group Bookings in New Year Brighten Hotel Outlook
Committed occupancy* and average daily rates (ADR) for the first quarter of 2017 are showing major signs of growth with group travel leading the way despite the continuing lag in transient booking pace in the fourth quarter of 2016, according to new data from TravelClick's November 2016 North American Hospitality Review (NAHR).

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STR: Europe hotel performance for October 2016
Hotels in Europe reported negative results in the three key performance metrics when reported in euro constant currency, according to October 2016 data from STR.Compared with October 2015, Europe reported nearly flat occupancy, down 0.4% to 75.3%. Average daily rate (ADR) dipped 1.6% to EUR113.51. Revenue per available room (RevPAR) fell 2.0% to EUR85.47. Performance of featured countries for October 2016 (local currency, year-over-year comparisons):Portugal recorded its highest ADR (EUR94.78) for the month of October since 2003 as well as its sharpest year-over-year increase in ADR (+13.0%) for any October on record. Meanwhile, occupancy increased 3.0% to 77.8%. As a result, RevPAR grew 16.3% to EUR73.72. STR analysts believe that the country's hotels have benefitted from an increase in arrivals, which could very likely be due to tourists avoiding countries with security concerns such as Turkey or France.Slovakia posted double-digit RevPAR growth (+21.5% to EUR51.90) as a result of a 7.7% increase in occupancy to 73.7% and a 12.8% lift in ADR to EUR70.42. STR analysts note that the country's hotels fared slightly better on weekends than weekdays during the month and attribute overall performance to a rise in international tourism.The United Kingdom saw a 1.8% decline in occupancy to 80.9%. The decrease came in comparison with a record-high occupancy level for an October (2015), when the UK hosted major events like the Rugby World Cup. ADR dropped 2.9% in October 2016 to GBP91.84, and RevPAR dipped 4.7% to GBP74.29. Overall, the UK's supply continued to grow, up 1.9% in October, while demand was flat.Performance of featured markets for October 2016 (local currency, year-over-year comparisons):Budapest, Hungary, posted its highest occupancy level for an October on record with a 15.5% increase to 87.7%. October also brought Budapest's fourth highest actual ADR for any month since 1996, with an 8.8% rise to HUF27,939.28. As a result, RevPAR grew 25.6

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STR: Asia Pacific hotel performance for October 2016
Hotels in the Asia Pacific region reported nearly flat results in the three key performance metrics when reported in U.S. dollar constant currency, according to October 2016 data from STR.Compared with October 2015, the Asia Pacific region reported a 0.5% increase in occupancy to 71.3%. However, average daily rate (ADR) dipped 0.4% to US$103.77, and revenue per available room (RevPAR) was mostly flat (+0.1% to US$74.02). Performance of featured countries for October 2016 (local currency, year-over-year comparisons):India reported its first month with a decline in occupancy (-4.6% to 59.4%) since November 2015. ADR in the country was up 1.4% to INR5,865.97, but RevPAR still fell 3.2% to INR3,484.48. STR analysts attribute the performance to a 2.9% increase in supply as well as strong comparison base from last October when hotels recorded an 18.6% increase in demand. New Zealand is on course for its second consecutive year with double-digit RevPAR growth. Occupancy rose 3.0% to 80.0%, the nation's highest actual occupancy level for any October on record. ADR also increased 12.9% to NZD175.92, resulting in a 16.3% increase in RevPAR to NZD140.79. New Zealand has posted 40 straight months with year-over-year RevPAR growth.Taiwan's hotels have struggled since September 2015, and October 2016 was no exception with a 5.5% drop in occupancy to 66.5%. The market recorded relatively flat ADR (+0.2% to TWD5,773.02) for the month, but RevPAR declined 5.4% to TWD3,841.15.Performance of featured markets for October 2016 (local currency, year-over-year comparisons):Beijing, China, registered a 0.4% increase in occupancy to 77.2% in addition to a 2.0% rise in ADR to CNY594.63. As a result, RevPAR grew 2.4% to CNY459.16. The market's supply has remained stable (+0.7% year to date), allowing an increase in demand (+3.4% year to date) to boost performance. The China Open (3-9 October) tennis tournament resulted in several days of strong RevPAR growth, specifically 4

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STR: Middle East and Africa hotel performance for October 2016
Hotels in the Middle East reported negative October 2016 results, while hotels in Africa posted mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to data from STR.Compared with October 2015, the Middle East reported a 4.4% decrease in occupancy to 64.0%, a 9.0% drop in average daily rate (ADR) to US$174.19 and a 13.0% decline in revenue per available room (RevPAR) to US$111.48. Africa experienced a 5.1% drop in occupancy to 58.5%, but an 8.2% rise in ADR to US$105.71 pushed RevPAR up 2.8% to US$61.82. Performance of featured countries for October 2016 (local currency, year-over-year comparisons):Jordan recorded increases in occupancy (+3.9% to 60.6%) and RevPAR (+2.4% to JOD60.66). ADR in the country decreased 1.5% to JOD100.11. Rates in the country have been consistently cheaper (-4.3% year to date), while demand has trended upward, reaching 6.9% growth through the first 10 months of 2016. STR analysts note that the demand upswing has come while tourist arrivals have fallen year to date (-1.3% according to the Ministry of Tourism & Antiquities).Nigeria posted increases across the three key performance metrics. Occupancy rose 4.2% to 48.3%, ADR was up 13.3% to an all-time high for the country (NGN49,251.44) and RevPAR grew 18.0% to NGN23,795.19. STR analysts attribute the spike in rate to inflation in the country, while occupancy has been helped by slowing supply growth during the recession.The United Arab Emirates reported decreases in each of the three metrics. Occupancy dipped 2.9% to 75.6%, and ADR dropped 9.6% to AED668.05, the lowest for an October since 2005. As a result, RevPAR declined 12.3% to AED505.34. October was the 22nd consecutive month of year- over-year ADR decreases in the United Arab Emirates, due in part to consistent and significant supply growth (+5.1% year to date). At the same time, demand has remained strong, up 5.0% year to date.Performance of featured markets for

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Tourism In Venice Driving The Locals Out Of The City | tourism-review.com
Tourism in Venice has been a growing problem; the city is overrun by tourists. Many of the local inhabitants have left the center, and are still leaving in droves. Within one generation the population has shrunk by almost a third. Rising costs are driving more and more people out of the city. This month the number of inhabitants has fallen to under 55,000. In 1951 the population was 175,000. 26 years ago it was still 78,000. Another problem is that almost half of the population is over 60 years old. On the other there are only about 9000 people under 18 years old.

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The Resilience Of Business Tourism In France | tourism-review.com
Tourism in France suffered greatly last year; especially Paris and its suburbs. The hotel industry in Ile-de- France reported that the number of overnight stays in the second quarter of 2016 fell by 10.6% compared to the previous year. The decline in the number of foreign customers was particularly noticeable: 13.9% year-on-year in the second quarter of 2016. Japanese tourists were the biggest group that left Paris, their number dropped by 46.2% compared to the previous year. Fortunately, business tourism, the professional counterpart to leisure tourism, is performing better, and despite a lackluster year, the Ile-de-France maintains its dominant position in Europe.

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STR: US hotel results for week ending 12 November
The U.S. hotel industry reported positive results in the three key performance metrics during the week of 6- 12 November 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy rose 1.6% to 65.3%. Average daily rate (ADR) increased 3.3% to US$122.70. Revenue per available room (RevPAR) grew 5.0% to US$80.16.Seven Top 25 Markets reported a double-digit RevPAR increase, three of which posted an increase of more than 15.0% in the metric: Seattle, Washington (+18.3% to US$123.56); Nashville, Tennessee (+16.7% to US$114.91); and Norfolk/Virginia Beach, Virginia (+15.7% to US$47.71).Three markets recorded a double-digit rise in ADR for the week: New Orleans, Louisiana (+10.9% to US$163.90); Nashville (+10.6% to US$145.87); and Chicago, Illinois (+10.4% to US$168.40).Two markets saw a double-digit lift in occupancy: Norfolk/Virginia Beach (+11.5% to 56.5%) and Seattle (+10.1% to 83.1%).Houston, Texas, reported the steepest declines in occupancy (-12.8% to 63.0%) and RevPAR (-19.0% to US$66.04).Four additional markets experienced a double-digit decrease in RevPAR: Miami/Hialeah, Florida (-14.6% to US$129.35); Denver, Colorado (-13.4% to US$81.02); San Francisco/San Mateo, California (-13.2% to US$185.35); and Oahu Island, Hawaii (-10.2% to US$180.43).San Francisco/San Mateo was the only Top 25 Market to report a double-digit drop in ADR (-10.2% to US$214.29).After Houston, only one other market saw a double-digit decline in occupancy: Denver (-10.0% to 67.1%).

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Sri Lanka hotels report sharp rate growth
Ahead of the inaugural Asia Hotel & Tourism Investment Conference (AHTIC), taking place in Colombo at the end of this month, a study by STR reveals that Sri Lanka's hotel market recorded strong overall performance growth through September 2016, driven by a sharp increase in average daily rate (ADR). In year-over-year comparisons with the first nine months of 2015, Sri Lanka hotels reported a 15.0% increase in ADR to LKR15,806.02. Meanwhile, occupancy was relatively flat at 66.4%. As a result, revenue per available room (RevPAR) jumped 14.9% to LKR10,495.60.

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STR, Tourism Economics project moderate growth in final U.S. forecast of 2016
The U.S. hotel industry is projected to experience continued but muted performance growth through 2017, according to STR and Tourism Economics' final forecast of 2016.\"As supply eventually outpaces demand, rate will determine the level of RevPAR (revenue per available room) growth the industry experiences for the next several years,\" said Amanda Hite, STR's president and CEO. \"Given the continued lack of pricing power being displayed, we expect performance to weaken a bit for the final quarter of 2016 then decelerate more in 2017 as hoteliers become less confident in pushing rate.\"Nonetheless, demand is still growing to all-time highs, and RevPAR will continue to reach record levels.\"2016For total-year 2016, the U.S. hotel industry is predicted to report flat occupancy at 65.4%, a 3.1% rise in average daily rate to US$124.10 and a 3.1% increase in RevPAR to US$81.18.Among the Chain Scale segments, the Independent segment is expected to see the only year-over-year increase in occupancy (+0.5%) as well as the largest increases in ADR (+3.7%) and RevPAR (+4.2%). The lowest rate of overall performance growth is expected in the Luxury segment (RevPAR +1.6%).Of the Top 25 Markets, 13 are expected to experience RevPAR performance between 0% and +5.0% for 2016. Eight markets are expected to see RevPAR growth in the range of +5.0% to +10.0%: Atlanta, Georgia; Dallas, Texas; Los Angeles/Long Beach, California; Minneapolis/St. Paul, Minnesota-Wisconsin; Nashville, Tennessee; Norfolk/Virginia Beach, Virginia; Philadelphia, Pennsylvania-New Jersey; and Tampa/St. Petersburg, Florida.Three markets are projected to see RevPAR performance between 0% and -5.0%. Houston, Texas, is the only market expected to report a RevPAR decline between -10.0% and -15.0%.2017For 2017, STR and Tourism Economics project the U.S. hotel industry to report a 0.5% decrease in occupancy to 65.1% but increases in ADR (+2.8% to US$127.61) and RevPAR (+2.3% to US$83.05). Also in 2017,

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Close to one billion international tourists in the first nine months of 2016
Destinations around the world welcomed 956 million international tourists between January and September 2016, according to the latest UNWTO World Tourism Barometer. This is 34 million more than in the same period of 2015, a 4% increase.

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Brexit: A Boon For Domestic Tourism In Great Britain? | tourism-review.com
The vote of British electors in favor of the United Kingdom's exit from the European Union (EU) in June 2016, commonly known as Brexit, will have consequences for the country's tourism industry, as well as for Europe. It seems domestic tourism will benefit quite substantially. It was one of the most discussed topics at the World Travel Market (WTM) 2016. It is the subject of an entire chapter in the 7th edition of the Industry Report presented by the fair and is at the heart of several conferences.

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STR: Preliminary October 2016 data for London
STR's preliminary October 2016 data for London, England, indicates performance declines.Based on daily data from October, London reported the following in year-over-year comparisons:

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STR: Preliminary October 2016 data for Munich
STR's preliminary October 2016 data for Munich, Germany, indicates sharp performance declines.Based on daily data from October, Munich reported the following in year-over-year comparisons:

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STR: Preliminary October 2016 data for Dubai
STR's preliminary October 2016 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth.Based on daily data from October, Dubai reported the following in year-over-year comparisons:

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STR: Preliminary October 2016 data for Singapore
STR's preliminary October 2016 data for Singapore indicates performance declines driven primarily by supply growth. Based on daily data from October, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary October 2016 data for Melbourne
STR's preliminary October 2016 data for Melbourne, Australia, indicates solid performance despite a decline in year-over-year comparisons.Based on daily data from October, Melbourne reported the following:

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STR: US hotel results for week ending 5 November
The U.S. hotel industry reported mixed results in the three key performance metrics during the week of 30 October through 5 November 2016, according to data from STR.In year-over-year comparisons, the industry's occupancy fell 3.5% to 64.0%. Average daily rate (ADR) increased 1.6% to US$123.17. Revenue per available room (RevPAR) decreased 1.9% to US$78.82.Opposite from last week, STR analysts cite a negative effect on results due to a Halloween calendar shift. The holiday was not included in the comparable week from 2015.Among the Top 25 Markets, Orlando, Florida, saw the largest year-over-year increases in occupancy (+7.2% to 74.6%) and RevPAR (+15.2% to US$89.48). ADR in the market rose 7.5% to US$120.01.Two additional markets registered a double-digit rise in RevPAR: New Orleans, Louisiana (+11.6% to US$130.53), and World Series co-host, Chicago, Illinois (+10.1% to US$117.57).Chicago also posted the largest increase in ADR, up 9.4% to US$158.90.St. Louis, Missouri, reported the steepest declines in occupancy (-14.1% to 62.1%) and RevPAR (-18.3% to US$61.13). ADR in the market fell 4.9% to US$98.41.Three additional markets experienced a double-digit drop in RevPAR for the week: Boston, Massachusetts (-16.9% to US$135.55); Miami/Hialeah, Florida (-16.5% to US$125.97); and Houston, Texas (-15.1% to US$64.90).Miami/Hialeah reported the largest decrease in ADR, down 5.6% to US$172.80.After St. Louis, three other markets saw a double-digit decline in occupancy: Boston (-13.6% to 69.8%), Miami/Hialeah (-11.5% to 72.9%) and Houston (-10.5% to 61.8%).

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HVS Market Pulse: Branson, MO | By Justin Westad
Named after the owner of the area's first general store and later developed as a center for lumber shipments, Branson, Missouri, had an inauspicious start as a tourism destination. Over the course of the past century, however, Branson has built a reputation as a \"family friendly\" counterpart to Las Vegas, featuring a high density of live music and theater performance venues along a stretch of State Highway 76 nicknamed \"The Strip.\"

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Baird/STR Hotel Stock Index nearly flat in October
The Baird/STR Hotel Stock Index decreased 0.8% in October to close the month at 3,108. Year to date, the index remains up 0.4%.\"Calendar shifts and subsequent strong RevPAR (revenue per available room) growth helped stocks, but October prices would indicate that investors were more focused on a pending deceleration in performance,\" said Amanda Hite, STR's president and CEO. \"Supply growth and demand growth are in equilibrium, and we expect softening occupancy to eventually turn to an occupancy decline in 2017. At the same time, rate will still push moderate RevPAR growth.\"\"Hotel stocks outperformed in October amid low investor expectations and rising interest rates,\" said David Loeb, senior hotel research analyst and managing director at Baird. \"Third-quarter earnings reports were weaker than expected and showed sequential RevPAR growth deceleration, but investors remain more focused on rising interest rates and their impact on other real estate sectors' valuations rather than still-slowing hotel fundamentals.\"The Baird/STR Hotel Stock Index for October outperformed both the S&P 500 (-1.9%) and the MSCI REIT (RMZ) (-5.9%).The Hotel Brand sub-index was mostly flat (-0.1% to 4,160) in October. The Hotel REIT sub-index declined 2.2% to 1,352 during the month.About the Baird/STR Hotel Stock Index and Sub-IndicesThe Baird/STR Hotel Stock Index was set to equal 1,000 on 1 January 2000. Last cycle the Index peaked at 3,178 on 5 July 2007. The Index's low point occurred on 6 March 2009 when it dropped to 573.The Hotel Brand sub-index was set to equal 1,000 on 1 January 2000. Last cycle the sub-index peaked at 3,407 on 5 July 2007. The sub-index's low point occurred on 6 March 2009 when it dropped to 722.The Hotel REIT sub-index was set to equal 1,000 on 1 January 2000. Last cycle the sub-index peaked at 2,555 on 2 February 2007. The sub-index's low point occurred on 5 March 2009 when it dropped to 298.The Baird/STR Hotel Stock Index and sub-indices

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Hotel Bulletin Q3 2016 | By Russell Kett
The Q3 2016 Hotel Bulletin analyses the first full quarter of data following the EU referendum in June. Very early trends suggest that a divide could be emerging between leisure and corporate focused markets. Cities with larger tourist industries recorded strong RevPAR growth as international visitors flocked to benefit from a weaker Pound, whereas cities outside this group continued recent trends of plateauing or declining RevPAR. This quarter's Focus examines he independently branded hotel market, where a number of groups have created unique customer propositions and enjoyed significant success.

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HotStats MENA Chain Hotels Market Review September 2016
Strong September Contributes to Spectacular Q3 Performance for Cairo HotelsA 20.1% year-on-year increase in profit per room in September helped Cairo hoteliers to achieve a 39.8% increase in profit for Q3 2016, according to the latest data from HotStats.

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HotStats European Chain Hotels Market Review September 2016
Hotels in Brussels have suffered a 56.9% year-on-year profit drop for the month of September, contributing to a 57.3% decline for year-to-date 2016, as the security threat level in the Belgian capital remains high following the terrorist activity in the city in March, according to the latest data from HotStats.

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HotStats UK Chain Hotels Market Review September 2016
South East Hotels on Course for Another Bumper Year of Profit GrowthFurther to strong profit growth in both 2014 (+10.0%) and 2015 (+8.4%), year-to-date performance suggests hoteliers in the South East are on course for another bumper year of profit growth in 2016, according to the latest data from HotStats.

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Recession Risk for New York Hotels Lowers to 38.3%
In September, eforecasting.com's NYC HIL (hotel industry leading indicator) advanced 0.3% to 142.2. The NYC HIL is set equal to 100 in 2010. The probability of an upcoming recession for the New York City hotel market registered a reading of 38.3% in September of 2016, based on NYC's Hotel Industry Leading (HIL) which is slightly lower than the previous month's risk reading of 41.5% and a retreat from a peak of 54.7% reach in May.

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French Hotel Industry Performance - September 2016
September saw a decline in occupancy and average rates for all categories, with all major areas in France affected. Ile-de-France, the Cote d'Azur, and even Regional France, recorded lower RevPAR in all segments, with the exception of Luxury. However, given the solid performances recorded since early 2016, year-to-date results for Regional France are still up on last year's performances. Yet given the underlying trend, certain hoteliers have been forced to scale down their Q4 forecasts.

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Japan surpasses the benchmark for 20 million visitors
While the Japanese government doubled its goals last spring to 40 million visitors to the Tokyo Olympics in 2020, the results revealed by the Japan Tourism Agency this week confirm the excellent health of tourism in the archipelago. The estimation of 24 million visitors in 2016 represents growth by 20% over the previous year. 

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STR: Paris hotels continue to struggle from terrorism concerns
Still feeling the effects of three major terrorist attacks in France, Paris' hotel industry saw a 15.1% decline in revenue per available room (RevPAR) through the first three quarters of 2016, according to STR.

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In Focus: Udaipur An Oasis of Potential | By Shunit Roy and Achin Khanna
Located in the Girwa valley, amidst the desert of Rajasthan, stands the city of Udaipur. The once capital of the mighty Mewar Kingdom, Udaipur is now one of the most sought after leisure destinations India has to offer. Aptly known as the \"City of Lakes\", the scenic Lake Pichola and Fateh Sagar Lake are centres of most of the leisure activity in the city. The atmosphere of royalty can not only be sensed in the palaces and gardens of Udaipur, but by way of the luxury hospitality experience as well. This article focuses on the history and progress of the Udaipur hotel market in addition to a brief outlook of its future potential.

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Inconsistent reservation pace cools U.S. hotel outlook
As hoteliers in major North American markets round out 2016 and prepare for the New Year, the pace of new bookings, especially in the industry's business sector, continues to decline, according to new data from TravelClick's October 2016 North American Hospitality Review (NAHR). Over the last month, the pace of new bookings overall is down -2.2 percent, and the pace of new group business bookings in particular is down -8.5 percent over the same time last year.

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Greek Hospitality Industry Performance - 2016 Q3
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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STR: Yen devaluation leads to profit boost for Japanese hotels
Japan's hotel industry has benefitted substantially from the devaluation of the Japanese yen, experiencing four consecutive years of double-digit percentage growth in gross operating profit per available room (GOPPAR), according to STR.As reported in STR's Profitability Review, Japan's GOPPAR reached JPY12,512.18 in 2015, the country's highest GOPPAR value since the time of the global financial crisis in 2008.STR analysts point to a clear correlation between the devaluation of the yen and Japan's increase in international arrivals. According to Tourism Economics, the country welcomed nearly 20 million overnight tourists in 2015, a 47% increase compared with the previous year. Of those arrivals, the main source markets were China, South Korea, Taiwan and the U.S. Currencies for the aforementioned countries all gained in value against the Japanese yen in 2015 (example: U.S. dollar, +14.4%), making travel to Japan cheaper. Although the yen has regained some value in 2016, Tourism Economics is projecting an increase of 17.8% in overnight tourist arrivals for the year. In terms of hotel performance, Japan posted a 4.6% increase in revenue per available room (RevPAR) through the first nine months of 2016, driven by a 6.5% rise in average daily rate (ADR) to JPY15,226.89. Occupancy declined slightly (-1.8% to 82.0%) compared with the same year-to-date time period last year, but 2015 marked Japan's highest full-year occupancy level on record. Thus, the comparison base is exceptionally strong. \"Interest in Japan as a destination has dramatically increased in recent years,\" said Shiori Sakurai, STR's business development manager for Japan. \"The extended period of cheaper travel to the country has created long-term benefits for the tourism and hospitality industries, which will hopefully continue as the yen picks up in value along with the demand increase of overseas travel from Asia to Japan.\"Looking ahead, Japan currently has 61 hotel projects and 16,42

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Krakow - Market Snapshot, 2016
Often referred to as \"the beating heart of Poland\", Krakow, the former royal capital, is a major economic centre home to several national and multinational corporations. The city's rich architectural and historical heritage makes it the leading cultural city as well as the second most in-demand tourist destination in the country behind Warsaw.

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STR: Canada hotel performance for Q3 2016
The Canadian hotel industry reported positive results in the three key performance metrics for the third quarter of 2016, according to data from STR.Compared with Q3 2015, the Canadian hotel industry's occupancy increased 1.2% to 77.4%. Average daily rate was up 6.8% to CAD164.87. Revenue per available room grew 8.0% to CAD127.53.Among the provinces, Ontario recorded the largest year-over-year increases in ADR (+9.8% to CAD160.57) and RevPAR (+14.9% to CAD130.73). Occupancy in the province rose 4.6% to 81.4%. Four additional provinces experienced a double-digit lift in RevPAR for the quarter: Prince Edward Island (+14.8% to CAD160.12); Quebec (+13.6% to CAD144.44); Nova Scotia (+11.6% to CAD122.43); and British Columbia (+10.9% to CAD162.20).British Columbia posted the highest absolute levels for ADR (CAD191.47) and RevPAR (CAD162.20).Prince Edward Island saw the quarter's largest year-over-year occupancy increase (+4.8%) and highest absolute occupancy (93.9%).Saskatchewan reported the largest decreases across the three key metrics. Occupancy fell 10.5% to 56.8%; ADR was down 5.0% to CAD121.63; and RevPAR dropped 15.0% to CAD69.14.The only other double-digit decrease in the metrics was reported in the Northwest Territories (RevPAR: -12.1% to CAD119.01).

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Asia's hotels gear up for the business travel boom
For the millions of business travelers visiting Shanghai, their focus is less on getting a room with a view of the Pudong district's futuristic skyline and more on ensuring easy access to that allimportant early morning meeting.

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STR: Central/South America hotel performance for Q3 2016, September 2016
Hotels in the Central/South America region recorded mixed Q3 2016 results when reported in U.S. dollar constant currency, according to data from STR.Compared with Q3 2015, the Central/South America region reported a 3.2% decrease in occupancy to 57.1%. However, average daily rate (ADR) was up 19.0% to US$98.92, and revenue per available room (RevPAR) grew 15.2% to US$56.45. Performance of featured countries for Q3 2016 (local currency, year-over-year comparisons):Argentina saw a slight dip in occupancy (-1.6% to 57.3%), but a 54.5% spike in ADR to ARS1,602.79 pushed RevPAR up 52.0% to an all-time quarterly high (ARS918.22). The absolute occupancy level was the lowest for a third quarter in Argentina since 2012. STR analysts point to a decline in corporate business, as evidenced by an 18.7% year-over-year decrease in Contract demand, as a driving reason behind the low occupancy. Additionally, hotels in the country became expensive within Latin America due to high inflation rates. The ARS1,602.79 absolute ADR level was the second highest (Q1 2016) for any quarter on record in Argentina.Brazil experienced a 5.7% decrease in occupancy to 55.0%. However, ADR was up 27.8% to BRL362.95, and RevPAR grew 20.5% to BRL199.67. The Summer Olympics and Paralympics helped Brazil achieve three national records in August: ADR (BRL493.34), RevPAR (BRL283.65) and revenue (BRL2.1 billion). At the same time, occupancy has declined in year-over-year comparisons for 10 consecutive quarters in Brazil as supply has grown by at least 2.0% in 11 straight quarters. Specifically in Q3 2016, supply increased 4.7% year over year.Colombia recorded increases across the three key performance metrics. Occupancy in the country increased 2.9% to 60.6%; ADR was up 1.3% to COP261,944.73; and RevPAR rose 4.3% to COP158,754.63. Absolute occupancy in the country eclipsed 60.0% for the first quarter since Q4 2013, and RevPAR reached its highest level for Q3 since 2010. STR analysts also no

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STR: Asia Pacific hotel performance for Q3 2016, September 2016
Hotels in the Asia Pacific region recorded mixed Q3 2016 results when reported in U.S. dollar constant currency, according to data from STR.Compared with Q3 2015, the Asia Pacific region reported a 1.9% increase in occupancy to 71.3%. However, average daily rate was down 1.9% to US$97.34, and revenue per available room (RevPAR) was nearly flat (-0.1% to US$69.44).Performance of featured countries for Q3 2016 (local currency, year-over-year comparisons):Indonesia saw a 5.0% increase in occupancy to 64.5%, but a 7.7% drop in ADR to IDR1,067,144.50 dragged RevPAR down 3.1% to IDR688,492.00. The country has experienced year-over-year occupancy increases for three straight quarters. However, ADR has fallen year over year in each of those quarters. According to STR analysts, a 4.9% year-to-date increase in supply and a heavy development pipeline have contributed to pricing competition and lower ADR in the country.Maldives reported decreases across the three key performance metrics. Occupancy fell 6.5% to 61.3%, ADR was down 6.8% to MVR7,612.88 and RevPAR dropped 12.8% to MVR4,665.35. Occupancy has decreased year over year for nine straight quarters in the country. STR analysts suggest that a shift in tourism demand may be a reason behind the overall declines. While total tourist arrivals were up 2.3% through August, the number of visitors from Maldives' top feeder market (China) decreased by 11.5%, according to the country's Ministry of Tourism.The Philippines experienced nearly flat occupancy (-0.4% to 65.7%). However, a 2.0% rise in ADR to PHP5,129.42 pushed RevPAR up 1.5% to PHP3,368.74. Through August, visitor arrivals to the country increased 12.6%, according to the Department of Tourism. Support for the hotel industry has been enough to outpace a 4.4% year-to-date increase in supply.Performance of featured markets for Q3 2016 (local currency, year-over-year comparisons):Melbourne, Australia, recorded increases in occupancy (+1.5% to 82.9%) and Rev

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STR: Middle East and Africa hotel performance for Q3 2016, September 2016
Hotels in the Middle East reported mixed Q3 2016 results, while hotels in Africa showed positive results when reported in U.S. dollar constant currency, according to data from STR.Compared with Q3 2015, the Middle East reported a 1.6% increase in occupancy to 63.3%. However, average daily rate (ADR) for the quarter was down 9.2% to US$160.40, and revenue per available room (RevPAR) dropped 7.7% to US$101.51.Africa experienced nearly flat occupancy (+0.2% to 58.6%). Average daily rate was up 9.0% to US$101.66, and RevPAR grew 9.2% to US$59.59.Performance of featured countries for Q3 2016 (local currency, year-over- year comparisons):Bahrain saw a 5.1% increase in occupancy to 54.0%. However, ADR dropped 7.4% to BHD76.30, and RevPAR fell 2.7% to BHD41.22. The absolute occupancy level was the best for a Q3 in the country since 2010, but the ADR decline was the steepest for Q3 since 2004. According to the Bahrain Tourism and Exhibition Authority, the country has experienced a 10% increase in tourist arrivals over the past two years and is targeting greater increases by 2018. Through nine months in 2016, hotel demand increased 5.3% in Bahrain.Egypt experienced a 4.8% decrease in occupancy to 56.5%, but a 22.4% lift in ADR to EGP762.85 pushed RevPAR up 16.6% to EGP430.72. The absolute occupancy level was an improvement from the first two quarters of the year, and the ADR level was the highest for any quarter on record in the country due to high inflation.Morocco posted increases in occupancy (+9.1% to 64.0%) and RevPAR (+5.2% to MAD663.92). ADR in the country fell 3.6% to MAD1,036.96. The absolute occupancy level was the highest for Morocco since Q2 2014. Year to date, Morocco's supply is up 2.0%, which is a factor in consistent ADR decreases in the country.Performance of featured markets for Q3 2016 (local currency, year- over-year comparisons):Abu Dhabi, United Arab Emirates, reported decreases across the three key performance metrics. Occupancy fell 3.

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STR: Europe hotel performance for Q3 2016, September 2016
Hotels in Europe recorded positive Q3 2016 results when reported in euro constant currency, according to data from STR.Compared with the three key performance metrics from Q3 2015, Europe reported a 0.5% decrease in occupancy to 77.7%. However, a 2.0% increase in average daily rate (ADR) to EUR119.17 resulted in revenue per available (RevPAR) growth of 1.5% to EUR92.58.Performance of featured countries for Q3 2016 (local currency, year-over-year comparisons):Finland reported a strong quarter, mainly due to growth in ADR (+8.9% to EUR99.67). Occupancy also increased moderately (+0.4% to 71.5%), resulting in a 9.3% increase in RevPAR to EUR71.27. The absolute ADR level was a Q3 record for the country, and although occupancy growth was muted, the actual occupancy level was Finland's highest for a third quarter since 2011. STR analysts note that weekday occupancy increased 5.6% to 70.6%, while weekend absolute occupancy was slightly higher at 71.9%.Greece reached an absolute occupancy level of 81.9% (+5.8%), the highest on record for a Q3 in the country. ADR also increased 2.2% to EUR144.49, resulting in an 8.1% increase in RevPAR to EUR118.35. July was Greece's strongest growth month of the quarter, with a 9.5% increase in RevPAR, while September produced the highest occupancy level (84.3%). In September, weekday business drove performance, with 11 days of double-digit RevPAR growth during the Sunday to Thursday periods throughout the month.Ireland recorded its 10th consecutive quarter of double-digit RevPAR growth. Occupancy increased 0.6% to 89.6%, and ADR grew 13.9% to EUR133.04, resulting in a 14.5% lift in RevPAR to EUR119.22. September was a particularly strong month for the country's hotels, as there were only two days without double-digit growth in RevPAR. Rate growth has been the driving factor for Ireland's continued upward trajectory, as ADR is up 15.4% year to date. Occupancy is up 1.7% during the same nine- month time period.Performance o

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HNA Group Makes Strategic Investment in Hilton
Hilton Worldwide Holdings Inc. (NYSE: HLT) (\"Hilton\"), HNA Group (\"HNA\") and Blackstone (NYSE: BX) announced today that HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton's planned spin-offs of Park Hotels & Resorts (\"Park\") and Hilton Grand Vacations (\"HGV\").

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STR: US hotel performance for Q3 2016
The U.S. hotel industry reported mostly positive results in the three key performance metrics for the third quarter of 2016, according to data from STR.Compared with Q3 2015, the U.S. hotel industry's occupancy was flat at 71.1%. However, average daily rate (ADR) rose 3.4% to US$127.19, and revenue per available room (RevPAR) grew 3.3% to US$90.48.The flat occupancy performance came as industry supply (+1.6%) and demand (+1.6%) grew at the same pace. \"This was the slowest third quarter for RevPAR growth since 2009, but RevPAR did hit an all-time high in absolute value,\" said Bobby Bowers, STR's senior VP for operations. \"Year-to-date supply growth is at 1.5%, which is the highest through the first nine months of a year since 2010. And even though we are still selling a record number of rooms, this slowing performance will be the new normal as rate is now the sole driver of RevPAR growth.\"Among the Top 25 Markets, Philadelphia- Pennsylvania-New Jersey, posted the largest rise in occupancy (+5.9% to 76.8%) as well as the only double- digit increases in ADR (+12.6% to US$143.26) and RevPAR (+19.2% to US$110.09).\"Philadelphia saw a big boost from the DNC (Democratic National Convention) in July, and the impact from the event spilled over into August,\" Bowers said. \"Year to date, Philadelphia has one of the higher RevPAR growth figures among the Top 25 Markets.\"The next highest RevPAR increases for Q3 were reported in Phoenix, Arizona (+9.4% to US$52.40); Los Angeles/Long Beach, California (+9.3% to US$156.73); and Nashville, Tennessee (+8.0% to US$104.13). Overall, 20 of the Top 25 Markets saw year-over-year RevPAR growth for the quarter. Houston, Texas, reported the steepest declines across the three key performance metrics. Occupancy in the market fell 10.3% to 60.2%; ADR was down 5.8% to US$98.54; and RevPAR dropped 15.6% to US$59.36.\"Houston's problems with oversupply and diminishing demand as a result of the oil crisis have been well-docum

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German hotel market still leading in Europe
Globally hotel markets are facing huge changes. Europe and in particular Germany can be measured in terms of renewals and smart future hotels. Currently 595 hotels are in the pipeline for Germany. Thereof about a third of all hotel construction projects in Europe are being built in Germany. This data has been revealed byTOPHOTELPROJECTS, the worldwide leading provider for global b2b hotel data.

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STR: $50 million in hotel room revenue lost during Hurricane Matthew
The five U.S. states in the path of Hurricane Matthew saw a net hotel room revenue loss of approximately US$50 million during the days of and around the storm, according toSTR's consulting and analytics division.For the purpose of its Hurricane Matthew analysis, STR examined the hotel room revenue impact in Florida, Georgia, North Carolina, South Carolina and Virginia.\"When looking at the net impact on hotel demand and rates, the story was very similar to what we saw when Hurricane Sandy hit in late 2012,\" said Steve Hennis, STR's VP of consulting and analytics. \"Unfortunately, the overall loss will be higher once you factor in future lost business as a result of the extensive damage and renovations that many hotels will require prior to reopening.\"The major markets most affected were Orlando, Florida (-14.5 million); Miami/Hialeah, Florida (-13.6 million); and Charleston, South Carolina (-9.6 million).The submarkets most affected were Miami Beach, Florida (-10.2 million), and Charleston/West Ashley, South Carolina (-7.3 million).The most affected day was Friday, 7 October.\"There also were many submarkets that saw positive gains as hotels catered to evacuees, stranded visitors, emergency management personnel and the media,\" Hennis said.Those submarkets included: Tampa CBD/Airport, Florida (+2.7 million); Georgia South Area (+2.1 million); Greenville, South Carolina (+1.5 million); North Carolina Southeast Area (+1.5 million); and Charlotte CBD/Airport, North Carolina-South Carolina (+1.4 million).

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CBRE Hotels October 2016 Lodging Insights Video
Mark Woodworth and Jack Corgel update viewers on the latest forecasts from CBRE Hotels' Americas Research and their current thoughts on hot topics in the U.S. lodging industry.

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