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

2018

July

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Horwath HTL Industry Report: Senegal: Tourism and Hotel Market Overview
As a model of democracy, Senegal has also one of the most resilient economies in West Africa. Thanks to dynamic business and leisure tourism boosted by major public infrastructure projects, the country succeeds in captivating international investor's interest. As a consequence, writes the team from Horwath HTL Ivory Coast, Dakar's hotel pool has further strengthened whilst secondary clusters are developing at a steady pace (mainly in Petite Cote region, Diamniadio).

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Cost Controls Perpetuate U.S. Hotel Profit Growth In 2017 | By Robert Mandelbaum
U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017 despite another slowdown in the rate of revenue growth. According to the 2018 edition of Trends in the Hotel Industry, total operating revenue increased by 2.0 percent in 2017 for the average hotel in its survey sample. Fortunately, by limiting the growth in operating expenses to 1.9 percent, managers at the Trends properties realized a 2.2 percent increase in gross operating profits (GOP) for the year.

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STR: Preliminary June data for Munich hotels
STR's preliminary June 2018 data for Munich, Germany, indicates hotel performance consistent with significant demand. Based on daily data from June, Munich reported the following in year-over-year comparisons:

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STR: Preliminary June data for Jeddah hotels
STR's preliminary June 2018 data for Jeddah, Saudi Arabia, indicates positive performance. Based on daily data from June, Jeddah reported the following in year-over-year comparisons:

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STR: Preliminary June data for Melbourne hotels
STR's preliminary June 2018 data for hotels in Melbourne, Australia, indicates strong growth in both supply and demand. Based on daily data from June, Melbourne reported the following in year-over-year comparisons:

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STR: Preliminary June data for London hotels
STR's preliminary June 2018 data for London, England, indicates higher occupancy but lower rates. Based on daily data from June, London reported the following in year-over-year comparisons:

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STR: Preliminary June data for Abu Dhabi hotels
STR's preliminary June 2018 data for Abu Dhabi, United Arab Emirates, indicates strong demand growth. Based on daily data from June, Abu Dhabi reported the following in year-over-year comparisons:

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STR: Preliminary June data for Singapore hotels
STR's preliminary June 2018 data for hotels in Singapore indicates strong performance results. Based on daily data from June, Singapore reported the following in year-over-year comparisons:

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STR: U.S. hotel results for week ending 30 June
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 24-30 June 2018, according to data from STR. In comparison with the week of 25 June through 1 July 2017, the industry recorded the following:

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Cape Town Calling: Undoing the impact of Day Zero' on Tourism | By Rishabh Thapar
At the end of 2017, one of the most picturesque cities in the world, Cape Town, announced a 'Day Zero' to create awareness among its citizens of the severity of its ongoing water crisis. The day marked to be as early as March 2018 at one point of time has been pushed out to 2020 (or potentially 'never') in light of the city's commendable efforts in changing their lifestyle and focusing on water conservation in all aspects of their day-to-day living. It was heartening to see industries, buildings, farmers, hoteliers, each and every citizen coming together for a common cause and making an effort to reduce water consumption. Just for perspective, Cape Town has reduced its water consumption by 60% down to daily consumption levels of as low as ~500-550 million litres a day, a reduction from the 1.2 billion litres per day mark, just three years ago.The hotel and tourism industry has been at the forefront of a lot of these initiatives. While most of the consumption in the city is residential, hotels seemed to be the ones that took the limelight on water consumption. The hotel industry reacted by closing swimming pools, installing borewells, fitting taps with aerators, using sea water for air-conditioning, implemented the use of paper towels instead of hand towels to reduce the laundry load, installing wastewater treatment plants, removing bath plugs, encouraging guests to take two-minute showers, creating awareness and sharing best practices to switch to a greener lifestyle and more. With the efforts of the city, and some blessed rain showers, the dam levels in Cape Town are back up to 48% as of 2 July (as compared to 25% this time in 2017) and rising with a healthy rainfall predicted through the rest of the winter months. While the citizens are cautiously optimistic, this experience over the last year has left citizens environmentally conscious and waterwise.In January 2018, when I traveled to another country, I would have a longer shower, as a relief to my 60 second show

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Moscow Hotels RevPar Growth During the FIFA World Cup
Moscow's hotels are projected to see growth of 20-30 percent in revenue per available room (RevPAR) during the FIFA World Cup tournament months of June and July 2018, according to the latest market forecast from STR and Tourism Economics. However, such a RevPAR increase would be less than the growth seen in Rio de Janeiro (2014) and Johannesburg (2010), key markets for the previous two FIFA World Cup host countries.

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HVS In Focus: Malaysia - Reinvigorated Opportunities
The Federation of Malaysia, located in Southeast Asia, 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 31.4 million (2017 government estimate) with 62% 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.According to the World Travel & Tourism Council (WTTC), the direct and total contribution of Travel & Tourism to Malaysia's Gross Domestic Product (GDP) was 4.9% and 13.4%, respectively of the total GDP in 2017, making tourism one of the key supporting industries by the economy.In May 2018, Pakatan Harapan (PH) took over the office from the United Malays National Organisation (UMNO) party and its Barison Nasional (BN) coalition government who has been in office since independence in 1957.The change in government has ushered in a new era filled with optimism but uncertainty about the direction that the country is headed for. As of June 2018, GST has been abolished and several major infrastructural projects are under review as PH demonstrated a stern stance towards fiscal commitment.

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INDUSTRY REPORT - 2018 Hotel Industry Innovation Report | By Carlos Martin-Rios
Ecole hoteliere de Lausanne (EHL) recently released a comprehensive Hospitality Innovation Industry Report, authored by Dr. Carlos Martin-Rios, an Associate Professor at EHL.

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Horwath HTL Industry Report: Hotel Chains Market Germany: Snapshot Berlin
For the eighth time in a row, Germany achieved a new record in terms of overnight stays. In 2017, about 459.5 million overnight stays were counted of which 288.8 million were recorded in the lodging segments hotel, hotel garni and guesthouses. The hotel industry's response is a full pipeline and an increasing presence of professional hotel groups. This puts pressure on non-branded hotel businesses and the market is increasingly rearranging itself.

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June

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May HotStats Market Review - GOPPAR Growth Continues Unabated at U.S. Hotels
Hotels in the U.S. recorded a fourth consecutive month of year-on-year profit growth in May as a result of ongoing robust increases in revenue and in spite of rising costs, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: U.S. hotel results for week ending 23 June
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 17-23 June 2018, according to data from STR. In comparison with the week of 18-24 June 2017, the industry recorded the following:

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UK Hospitality sector to generate 100 billion in 2018 industry consistently grows at 6 per cent a year since 2013
Extensive analysis of ONS data* published across the last five years by hospitality recruitment platform, Adia - suggests that the total turnover of all businesses providing 'Accommodation and Food Services Activities' will reach 100 billion this year. In addition, over the last five years, the total turnover of all companies in the sector has steadily grown at around 6 per cent a year.The total turnover of all businesses in the hospitality ind ustry reached 98 billion in 2017, up from 92 billion in 2016 and 86 billion in 2015. Based on this rate of growth, Adia expects this figure to comfortably reach 100 billion in the ONS' 2018 data, which is expected to be published in the autumn.Adia's analysis of government business population estimates has also revealed that the amount of people employed in the sector now exceeds 2.3 million, representing an increase of 21 per cent compared to 2013 - when the total amount of people working in the industry stood at 1.9 million.Encouragingly, the amount of firms providing accommodation and food services activities in the UK has grown by just under 20 per cent in the last five years, having reached 202,060 - up from 169,235 in 2013.

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May 2018: Profit Hit Hard at UK Hotels as Revenue Falls Across All Departments
Profit per room at hotels in the UK fell by 4.3% in May as year-on-year declines were recorded across all departments; meanwhile, owners and operators continue to face the challenge of rising costs, according to the latest worldwide poll of full-service hotels from HotStats.

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International Tourism exceeds expectations in the first months of 2018 - UNWTO reports
International tourist arrivals grew 6% in the first four months of 2018, compared to the same period last year, not only continuing the strong 2017 trend, but exceeding UNWTO's forecast for 2018.

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The Annual HVS Asia-Pacific Hotel Operator Guide 2018 Excerpt | By Pawinee Chaisiriroj and Daniel J Voellm
HVS Asia Pacific proudly presents to you the Fifth Edition of the annual Asia Pacific Hotel Operator Guide. Talking to stakeholders in the industry, this publication has become increasingly sought after by the market to evaluate potential candidates to operate a hotel property anywhere in Asia-Pacific. Distribution power, market experience, brand portfolio and geographic presence are all relevant factors in narrowing down the best match. In this fifth edition, HVS has captured over one million existing and more than half a million pipeline rooms spread over 8,395 properties.

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STR: Central/South America hotel performance for May 2018
Hotels in the Central/South America region reported positive May 2018 performance results, according to data from STR.U.S. dollar constant currency, May 2018 vs. May 2017Central/South America

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STR: Middle East and Africa hotel performance for May 2018
Hotels in the Middle East reported negative May 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, May 2018 vs. May 2017Middle East

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The Annual HVS Asia-Pacific Hotel Operator Guide 2018 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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STR: Asia Pacific hotel performance for May 2018
Hotels in the Asia Pacific region posted growth across the three key performance metrics during May 2018, according to data from STR.U.S. dollar constant currency, May 2018 vs. May 2017Asia Pacific

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STR: Europe hotel performance for May 2018
Europe's hotel industry reported mixed results in the three key performance metrics during May 2018, according to data from STR.Euro constant currency, May 2018 vs. May 2017Europe

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STR: U.S. hotel results for week ending 16 June
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 June 2018, according to data from STR. In comparison with the week of 11-17 June 2017, the industry recorded the following:

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Top World Regions and Markets in the Global Hotel Construction Pipeline
Lodging Econometrics (LE) has released its global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, where currently the regions by project count are: The Americas with 6,268 projects/800,298 rooms, Asia Pacific with 4,205 projects/907,867 rooms and EMEA with 2,241 projects/430,837 rooms.

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CBRE June 2018 Lodging Insights Video
Mark Woodworth and Jack Corgel discuss our updated Hotel Horizons forecasts and the reasons for the recent upward revisions. Jack explains why luxury hotels are now expected to have the highest RevPAR growth among the chain scales in 2018 and Mark gives a quick update on new construction activity.

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U.S. Project-Based Business Travel Spend Topped $45 Billion in 2017
n 2017, project-based business travel spending reached $45.4 billion USD, comprising 15 percent of all U.S. business travel spending, according to a first-of-its-kind study from the Global Business Travel Association (GBTA), in partnership with InterContinental Hotels Group. In total, 66 million trips were taken last year for project-based purposes, representing 12 percent of all U.S. business trips and 19 percent of all U.S. business trips taken for transient purposes. To be considered project-based travel, the travel must revolve around a project, have both a start and end date, and have a duration of at least four nights or have some recurring component. It does not include group travel, relocation or travel for training.

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7% Year-Over-Year Growth in the Global Construction Pipeline
The Lodging Econometrics (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up 7% by projects year-over-year (YOY).

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STR: U.S. hotel results for week ending 9 June
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 3-9 June 2018, according to data from STR. In comparison with the week of 4-10 June 2017, the industry recorded the following:

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Asia Pacific's Top Global and Regional Companies and Brands for Hotel Construction Excluding China
According to the most recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics, the top global hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 204 Projects/48,003 Rooms, AccorHotels with 215 Projects/45,086 Rooms, InterContinental Hotels Group (IHG) with 122 Projects/28,186 Rooms, Hilton Worldwide with 82 Projects/17,750, and Best Western with 34 Projects/6,146 Rooms. The largest brand in the Pipeline for each of these companies is: Marriott's Sheraton Hotel with 29 Projects/7,069 Rooms, Accor's Ibis Styles with 45 Projects/8,928 Rooms, IHG's Holiday Inn with 50 Projects/12,300 Rooms, Hilton's DoubleTree with 29 Projects/6,003 Rooms and the Best Western brand with 15 Projects/1,888 Rooms.

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STR: Preliminary May data for London hotels
STR's preliminary May 2018 data for London, England, indicates lower performance due to supply growth. Based on daily data from May, London reported the following in year-over-year comparisons:

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STR: Preliminary May data for Berlin hotels
STR's preliminary May 2018 data for Berlin, Germany, indicates mostly negative performance. Based on daily data from May, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary May data for Hong Kong hotels
STR's preliminary May 2018 data for hotels in Hong Kong indicates strong performance results. 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 Sydney hotels
STR's preliminary May 2018 data for hotels in Sydney, Australia, indicates strong demand and significant performance levels. Based on daily data from May, Sydney reported the following in year-over-year comparisons:

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HVS: Israel Hotel Market Overview 2018
With more than 3.6 million visitors, representing a year-on-year increase of almost 25%, 2017 was the first time in Israel's history that the 3 million mark was reached. This article explores the hotel performance and development pipeline in Israel.

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Asia Pacific's Top Countries and Cities for Hotel Construction Excluding China
According to analysts at Lodging Econometrics (LE), the top countries in the Asia Pacific Construction Pipeline, excluding China, by project count are: Indonesia with 394 Projects/66,154 Rooms, Japan with 228 Projects/46,356 Rooms, India with 206 Projects/33,501 Rooms, Malaysia with 137 Projects/36,244 Rooms and Thailand with 134 Projects/31,964 Rooms. Cities with the largest pipelines by project count are: Jakarta, Indonesia with 101 Projects/19,010 Rooms; Seoul, South Korea with 80 Projects/15,738 Rooms; Tokyo, Japan with 73 Projects/16,885 Rooms; Kuala Lumpur, Malaysia with 58 Projects/14,834 Rooms and Bangkok, Thailand with 52 Projects/11,805 Rooms.

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Moscow hotels likely to see steady growth during World Cup months
Moscow's hotel industry is projected to see growth in the range of 20% and 30% in revenue per available room (RevPAR) during June and July 2018, according to the latest market forecast from In Rio de Janeiro in 2014, occupancy rose by double-digits from the previous June (+12.6% to 81.6%) and July (+18.3% to 80.0%) in the market. At the same time, ADR increased 72.8% and 64.4% during the two months, respectively, driving RevPAR increases of 94.5%.In Johannesburg in 2010, occupancy jumped from the previous June (+27.7% to 78.5%) and grew to a lesser degree in July (+7.4% to 63.7%). ADR increased 56.3% and 44.5% during the two months, respectively, driving RevPAR increases of 99.6% and 55.1%. Moscow's room count is substantially higher than Rio and Johannesburg. That also creates less opportunity for substantial uplift in performance in percentage terms from a comparable number of additional visitors travelling for the tournament. Through the first four months of 2018, Moscow saw occupancy grow 6.7% year over year to an absolute level of 65.8%. Using the same four-month year-over-year comparison, ADR was down 0.8% to RUB5,363.70. Preliminary data for May showed occupancy 74.8% (+11.5%) and ADR RUB5,451.5 (+3.1%).

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The Asia Pacific Hotel Construction Pipeline Excluding China Continues Double Digit Increases Year-Over-Year
The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,673 Projects/349,081 Rooms, up 12% by projects and 17% by rooms Year-Over-Year (YOY). There are 959 Projects/208,153 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 368 Projects/72,819 Rooms, up 26%, while projects in Early Planning at 346 Projects/68,109 Rooms, are down 14% by projects YOY.

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STR: Weather dictates school-break calendars, shifts in hotel leisure demand
The 2018-19 School Break Report from STR shows notable shifts in school calendar dates and subsequent periods of high hotel leisure demand. Whether located in colder or warmer markets, schools follow distinct, weather-related calendar patterns. \"The warmer the climate, the earlier school begins and ends,\" said Chris Klauda, STR's director of destination research. \"In the warmer-weather districts, kids are starting their summer vacation in May and ending in August. For their colder counterparts to the north, students do not break until mid-to-late June; however, they remain on break until early September. For hoteliers, the ability to anticipate when and where the high leisure demand occurs is critical during the important summer vacation months.\" Key weather-related findings from the 2018-19 School Break Report include:

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STR: U.S. hotel results for week ending 2 June
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 27 May through 2 June 2018, according to data from STR. In comparison with the week of 28 May through 3 June 2017, the industry recorded the following:

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How North American Resorts Are Expanding Into Cities [Download Construction Report]
Margaritaville was originally made famous by singer Jimmy Buffett's 1977 song of the same name, which painted the picture of a man lounging in a beachy environment. Since then, restaurants and resorts have taken the sunny vibe and made it part of the business they offer to guests, typically in traditional resort environments.

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The Middle East and Africa Hotel Construction Pipelines Continue to Grow
Analysts at Lodging Econometrics (LE) report that the Construction Pipelines for the Middle East and Africa continue to grow resulting in 875 Projects/216,045 Rooms combined, according to LE's recent Trend Report. The Total Middle East Pipeline has 594 Projects/170,490 Rooms and is up 23% by rooms Year-Over-Year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. In the Middle East, there are 358 Projects/113,830 Rooms Under Construction, up 13% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 127 Projects/31,752 Rooms, up 9%, while projects in Early Planning stand at 109 Projects/24,908 Rooms are up 31%. The Total Africa Pipeline has 281 Projects/45,555 Rooms and is up 21% by projects YOY. In Africa, there are 127 Projects/21,233 Rooms Under Construction, up only 1% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 79 Projects/11,954 Rooms, up a whopping 65%, while projects in Early Planning stand at 75 Projects/12,368 Rooms are up 29%.

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Accommodating the future: The Dubai hospitality sector beyond 2020 - KPMG Report
As Dubai gears up for Expo 2020, the hospitality sector should be considering what will come next.

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Manhattan Lodging Index: First Quarter 2018
Continuing the momentum from the end of last year, RevPAR growth accelerated in the first quarter of 2018. Occupancy levels continued to increase due to accelerating demand growth and decelerating supply growth, with pricing power appearing to finally begin to return to Manhattan hotels. RevPAR increased 7.4 percent, driven equally by increasing occupancy and average daily rate (\"ADR\") levels.

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HotStats MENA Chain Hotels Market Review for April 2018
Profit per room at hotels in the Middle East & Africa fell by 12.1% year-on-year in April as revenue levels crashed on the back of plummeting achieved average room rate, according to the latest worldwide poll of full-service hotels from HotStats.

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Croatia hotel investment on track to reach 1.2B by 2022 - total-croatia-news.com
Investment in Croatia's hotel industry is predicted to reach 1.2 billion by 2022, according to reportfrom Ernst & Young.

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Investable hotel market in Germany grows to over EUR 52 billion
The investable hotel market in Germany grew in 2017 by approximately six per cent to EUR 52.6 billion compared to 2016. According to the latest market value analysis carried out by Union Investment and bulwiengesa, the size of the German hotel market has doubled in the last ten years. The key factor in this rise is the continued growth of the branded hotel segment in Germany - which is favoured by investors - as well as a general increase in supply.

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Cape Town defends hotel market share
Cape Town retains the biggest share of planned hotel development in South Africa despite showing a decrease in total planned rooms, according to a regional focus from the influential annual hotel pipeline survey by W Hospitality Group.Cape Town has 25% of the South African development pipeline, with 1,063 rooms in six hotels. Durban now has 16% with 697 rooms in five hotels, an increase of 40% in terms of total rooms on last year.Pretoria has 11% of the pipeline with 463 rooms in three hotels. Johannesburg has only 10% of the pipeline with 432 rooms in four hotels and Umhlanga has 7% of the pipeline with 298 rooms in two hotels.Compared with last year, development is slowing in Cape Town and Pretoria, with the number of planned rooms down 22% and 28% respectively. In contrast Durban, Johannesburg and Umhlanga are seeing growth of 40%, 23% and 113% respectively.W Hospitality Group's Managing Director, Trevor Ward said: \"Whilst Cape Town continues to offer great opportunities for hotel investment, it is exciting to see new hotel construction projects all over South Africa, in places such as: Addo, Ballito, Boschendaal, Hermanus, Kruger, Malelane, Mossel Bay, Nelspruit, Paarl, Polokwane, Port Elizabeth, Rosebank, St. Francis, Stellenbosch, Tsitsikama and Umfolozi.This year's pipeline report, now in its 10th edition, has 41 contributors, reporting 418 deals with over 100 brands across Africa. Year-on-year performance for Africa as a whole in 2018 shows growth, but more muted than in recent years - 25% growth in the number of pipeline rooms in 2015; 19% in 2016, and 13% in 2017, much the same as the 14 per cent growth in 2018.Hotel development in Africa in general and South Africa in particular will be a core topic on the agenda of the Africa Hotel Investment Forum (AHIF) Regional Briefing, taking place in Cape Town on 13th June, where speakers will include senior executives from Hilton, Marriott and other leading brands plus economists, financiers and expert advisors t

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STR: For Hotels, China's Best Year in Recent History
A look at recent hotel performance and supply development trends across China. China's hotel industry in 2017 saw strong revenue per available room (RevPAR) growth, up 5.6 percent over 2016. Supply (+3.7 percent) came in at the slowest rate of the past decade, which helped occupancy grow in several key markets. It was also the country's first year of ADR or average daily rate growth (+1.2%) since 2013.

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May

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U.S. Hotel Rates and Bookings Continue Growth Throughout First Half of 2018 - TravelClick Reports
TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's May 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers continue to experience significant growth in the second quarter of 2018 across all travel segments, up 2.7 percent in average daily rates (ADR) and 1.4 percent in bookings.

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PATA reports Another record year for foreign arrivals into Asia Pacific in 2017
With a cumulative count of 636 million foreign arrivals into the region in 2017, Asia Pacific sets a new record - according to a report released today by the Pacific Asia Travel Association (PATA).

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Report: German Travel Consumer 2018: The German Consumer and Travel Market in 2018
Germany is Europe's most important travel market. It alone accounts for 30% of EU citizen's overnight stays in foreign countries and is the world's third largest outbound market. In order to help you get to grips with this critical market we are releasing free excerpts of our German Travel Consumer 2018 report. Click here to download this report extract on the German economy and travel consumer now or use the download form below.

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April 2018: Heat Wave Fails to Warm Profit Levels at UK Hotels
Profit growth at hotels in the UK failed to match the soaring temperatures in April as the ongoing cost creep meant year-on-year growth in total revenue was completely wiped out and led to a -0.9% decline in GOPPAR, according to the latest worldwide poll of full-service hotels from HotStats.

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After Strong First Quarter CBRE Lifts 2018 U.S. Lodging Forecast
Based on better than expected first quarter performance, CBRE Hotels' Americas Research (CBRE) has enhanced its outlook for 2018. According to STR, U.S. hotels enjoyed a 3.5 percent increase in revenue per available room (RevPAR) during the first quarter of 2018, exceeding the 2.5 percent RevPAR gain expected by CBRE for the period. Accordingly, CBRE now is forecasting a 2.8 percent annual increase in RevPAR for U.S. hotels in 2018, a 0.3 percentage point enhancement over the 2.5 percent mark published in CBRE's March 2018 Hotel Horizons report.

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PwC Hospitality Directions US: May 2018
Following a better than expected first quarter, lodging metrics continue to remain positive.

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Projects In Canada's Hotel Pipeline Are Up 11%
According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 237 Projects/29,881 Rooms, up 11% by projects Year-Over-Year (YOY).

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STR: U.S. hotel results for week ending 19 May
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 13-19 May 2018, according to data from STR. In comparison with the week of 14-20 May 2017, the industry recorded the following:

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April 2018: TrevPAR Hits a High at Hotels in the U.S.
Total revenue levels at hotels in the U.S. hit a high of almost $290 per available room in April, as strong year-on-year revenue increases were recorded across all operating departments, according to the latest worldwide poll of full-service hotels from HotStats.

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WhiteBridge Hospitality: Latin America & Caribbean Hotels Monitor
2017 was the costliest hurricane season on record (estimated at around USD282bn, with some six major hurricanes and four retired names) and flight capacity around the region fell materially. As a result, hotel performance trends have varied enormously in the last 12 months, from a RevPAR growth high of +69.2% in San Jose to a low of -26.8% in Rio de Janeiro (where the city is still recovering from its Olympic hangover).

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STR: Middle East and Africa hotel performance for April 2018
Hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, April 2018 vs. April 2017Middle East

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STR: Asia Pacific hotel performance for April 2018
LONDON -- Hotels in the Asia Pacific region reported growth across the three key performance metrics during April 2018, according to data from STR.U.S. dollar constant currency, April 2018 vs. April 2017Asia Pacific

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STR: Central/South America hotel performance for April 2018
Hotels in the Central/South America region reported positive April 2018 performance results, according to data from STR.U.S. dollar constant currency, April 2018 vs. April 2017Central/South America

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STR: Europe hotel performance for April 2018
Europe's hotel industry reported increases across the three key performance metrics during April 2018, according to data from STR.Euro constant currency, April 2018 vs. April 2017Europe

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STR: U.S. hotel performance for April 2018
The U.S. hotel industry reported positive results in the three key performance metrics during April 2018, according to data from STR. In a year-over-year comparison with April 2017, the industry posted the following:

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New Travelport Survey: U.S. Millennials Most Likely to Take & Spend More on Vacations This Year, Next
Millennials are more likely than older Americans to take a vacation this summer than last summer, based on their household finances, according to a new survey from Travelport (NYSE: TVPT), the leading Travel Commerce Platform. The 2018 Travelport U.S. Vacation Survey of approximately 1500 U.S. residents reveals Millennials (ages 18-34 years old) are most likely to spend more on their upcoming vacations than other age groups, with one out of three Millennials willing to spend $5000 or more on their vacations.

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STR: U.S. hotel results for week ending 12 May
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 6-12 May 2018, according to data from STR. In comparison with the week of 7-13 May 2017, the industry recorded the following:

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Which Hotel Brand has the Most Projects in the United States Pipeline? [Infographic]
This may come as a surprise to some, but the answer to which hotel brand has the most projects in the United States' pipeline is aloft Hotels, Marriott International's super hip property that is largely aimed at millenial guests.

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STR's Central/South America hotel supply development update
The Central/South America room construction total represented a 17.9% decrease compared with April 2017.

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STR: U.S. hotel revenues surpassed $200 billion in 2017
Results from STR's 2018 HOST Almanac indicate that U.S. hotel industry revenues topped an estimated $208 billion in 2017, which was an increase of $10 billion from 2016. The total revenue figure and a total industrywide house profit of $77 billion were each all-time highs for the industry. STR's HOST (Hotel Operating Statistics) P&L program compiles data from more than 9,000 hotels annually. Those properties comprise 1.9 million rooms globally. 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. \"The industry reached a milestone by exceeding $200 billion in total revenue last year,\" said Joseph Rael, STR's director of financial performance. \"However, while revenue is still growing, expenses grew at a higher rate for the second year in a row. As a result, profit margins have declined somewhat.\"

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STR's Caribbean/Mexico hotel supply development update
The Caribbean/Mexico room construction total represented a 41.5% increase compared with April 2017.

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STR's Asia Pacific hotel supply development update
The Asia Pacific room construction total represented a 27.1% increase compared with April 2017.

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Chinese Tourists Account For 21% Of Global Travel Spending in 2018
Revenue generated by outbound tourism from China continues to grow in 2018. The United Nations World Tourism Organization (UNWTO) found that spending from Chinese tourists abroad now makes up 21% of all tourism spending. In addition, each Chinese traveller spends on average more per trip than tourists from any other country.

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STR's U.S. hotel supply development update
The U.S. room construction total represented a 2.2% decrease compared with April 2017. The number of hotel rooms under construction in the U.S. has now declined in six of the last seven months.

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STR's Europe hotel supply development update

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STR's Middle East and Africa hotel supply development update
The Middle East room construction total represented a 36.3% increase compared with April 2017. The Africa room construction total represented a 13.0% decrease compared with April 2017.

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STR: Preliminary April data for Munich hotels
STR's preliminary April 2018 data for Munich, Germany, indicates significant demand and performance growth. Based on daily data from April, Munich reported the following in year-over-year comparisons:

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STR: Preliminary April data for Singapore hotels
STR's preliminary April 2018 data for hotels in Singapore indicates performance growth. Based on daily data from April, Singapore reported the following in year-over-year comparisons:

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STR: Preliminary April data for Melbourne hotels
STR's preliminary April 2018 data for hotels in Melbourne, Australia, indicates high room rates. Based on daily data from April, Melbourne reported the following in year-over-year comparisons:

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What Hospitality Pros MUST KNOW About the North America Market [DOWNLOAD Construction Report]
The status of the hotel and hospitality market cycle is a question that arises at most every industry conference: are we in a continuation of an extended economic cycle, or do developments within the past couple of years represent a new normal?

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Canadian Lodging Outlook Quarterly 2018-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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HVS Market Pulse: Stockholm New Supply A Surmountable Hurdle
This market pulse provides an overview of the tourism and hotel market in Stockholm, Sweden. This snapshot discusses recent tourism trends, the impact of new supply on performance and provides a summary of the extensive hotel pipeline.

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Marriott Leads All Franchise Companies For Largest Construction Pipeline
The Marriott International Construction Pipeline currently has 1,383 Projects/177,926 Rooms, the largest of any franchise company in the U.S. Their largest brands are: Fairfield Inn with 293 Projects/28,418 Rooms, TownePlace Suites with 206 Projects/21,193 Rooms and Residence Inn with 200 Projects/24,978 Rooms. These three brands comprise over 50% of Marriott's Total Pipeline. Marriott has 1/3 all rooms Under Construction in the U.S., with 502 Projects/68,316 Rooms currently in the ground. Additionally, they have 695 Projects/86,761 Rooms Scheduled to Start Construction in the Next 12 Months and 186 Projects/228,849 Rooms in Early Planning. Marriott is forecasted to opened 348 new hotels with 43,415 rooms in 2018, accounting for 31% of all new hotels anticipated to open this year. in 2019, Marriott is expected to open 348 Projects/43,415 Rooms.

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STR: Preliminary April data for London hotels
STR's preliminary April 2018 data for London, England, indicates lower occupancy levels and room rates. Based on daily data from April, London reported the following in year-over-year comparisons:

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STR: Preliminary April data for Jeddah hotels
STR's preliminary April 2018 data for hotels in Jeddah, Saudi Arabia, indicates negative overall performance due to a jump in supply. Based on daily data from April, Jeddah reported the following in year-over-year comparisons:

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STR: Preliminary April data for Abu Dhabi hotels
STR's preliminary April 2018 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels 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: U.S. hotel results for week ending 5 May
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 April through 5 May 2018, according to data from STR. In comparison with the week of 30 April through 6 May 2017, the industry recorded the following:

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HVS Market Pulse: Lake Charles Metro Area
The following article outlines the impact of industrial growth in Metro Lake Charles on the area's hotel industry.

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South Korea Overview Opportunity: High-Speed Rail and Winter Olympics
Korea is a popular tourist destination for both Japanese and Chinese visitors, who, when combined, accounted for nearly 50% of its total international visitors in 2017. The geographic proximity plus its charming tourism offerings are ideal for short getaway visits, particularly to the capital city Seoul.The Korean tourism industry is driven by the peppy cultural trend called 'Hallyu', also known as the Korean wave. Originating from popular media, including K-Pop artists and TV dramas, it gradually spread to industries such as cosmetics, food, electronics, etc. According to the Korea Foundation for International Culture Exchange (KOFICE), the Korean wave effect on production inducement was estimated to be approximately KRW 15.6 trillion (USD 14bn) in 2015.Among the numerous regional tourism destinations, Korea consistently ranks within the top 5 destinations for Chinese travelers for more than 10 consecutive years.

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Top Franchise Companies & Brands in the U.S. Construction Pipeline
According to the recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines are: Marriott with 1,383 Projects/177,926 Rooms, Hilton with 1,337 Projects/149,075 Rooms and IHG with 923 Projects/94,296 Rooms. These 3 franchise companies comprise 69% of all projects in the Total Pipeline.The largest brands for each of these companies are: Marriott's Fairfield Inn with 293 Projects/28,418 Rooms and TownePlace Suites with 206 Projects/21,193 Rooms; Hilton's Home2 Suites with 377 Projects/39,474 Rooms and Hampton Inn & Suites with 316 Projects/32,132 Rooms; and IHG's Holiday Inn Express with 438 Projects/40,657 Rooms, the largest brand pipeline in the country, and Staybridge Suites with 139 Projects/14,740 Rooms.By the close of 2018, Marriott is forecasted to open 348 Projects/43,415 Rooms, Hilton is set to open 296 projects/33,171 Rooms and IHG expects 172 Projects/18,031 Rooms to open. Marriott also leads in new openings for 2019 with 336 Projects/42,286 Rooms, Hilton is anticipating 281 Projects/30,983 Rooms to open next year and IHG expects 230 Projects/22,807 Rooms.

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HotStats Q1 Market Review: U.S. Hotels Post Yet More Positive Profit Growth
Q1 2018: U.S. Hotels Post Yet More Positive Profit Growth

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STR: U.S. hotel results for week ending 28 April
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 22-28 April 2018, according to data from STR. In comparison with the week of 23-29 April 2017, the industry recorded the following:

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U.S. Markets with the Largest Construction Pipelines & Highest 2018 Growth Rates
According to analysts at Lodging Econometrics (LE), the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 169 Projects/29,641 Rooms, Dallas with 159 Projects/19,149 Rooms, Houston with 148 Projects/16,158 Rooms, Nashville 119 Projects/15,992 Rooms and Los Angeles which has 115 Projects/17,155 Rooms in its pipeline. The top market in the U.S. by Census growth rate for 2018 is Nashville which is expected to grow its Census by 8.8% if all 27 Projects/3,703 Rooms of expected openings occur by the end of the year. Following is New York with a 7.3% growth rate for opening 50 Projects/8,437 Rooms and Seattle with 6.3% growth if the anticipated 20 Projects/2,890 Rooms open.

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Greek Hospitality Industry Performance - 2018 Q1
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. The strong growth path of Athens continues. In Q1 2018 international arrivals increased by a stunning 27.1% y-o-y and RevPAR at Athenian hotels increased by 14.6% y-o-y as a result of both increasing occupancy levels and room rates.

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Horwath HTL Market Report: Asia Pacific: Regional Tourism Trends
Asia Pacific is emerging as one of the most dynamic regions for world tourism, with tourist arrivals expected to reach 535 million by 2030. Fuelled by strong GDP growth rates, growing middle class, and rising disposable income, the region's thriving tourism industry continues to show vigorous progress. This report from Horwath HTL Singapore looks at different trends shaping Asia Pacific's tourism development, including the dynamism of Asia's intraregional market, particularly the relevance of China, as well as the potential of domestic market. It further looks into the change in travellers' preference and technological developments that influenced the tourism development in the region.

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The U.S. Construction Pipeline Showed Healthy Growth in the First Quarter
The U.S. Construction Pipeline kicked off the first quarter of 2018 with 5,255 Projects/636,174 Rooms, up 4% by projects and 6% by rooms Year-Over-Year (YOY), according to analysts at Lodging Econometrics (LE). In comparison to the highest Pipeline level recorded by LE, the current quarter is just 628 Projects/149,373 Rooms, or 11% beneath the peak which occurred in Q208. We expect the Pipeline to continue its modest growth through 2018. There are 1,592 Projects/205,449 Rooms Under Construction, up 5% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 2,297 Projects/272,459 Rooms are down 5% by projects YOY and projects in Early Planning are at 1,366 Projects/158,366 Rooms, up 23% YOY.

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March 2018: Cost Cutting Drives Profit Growth at Hotels in the Middle East & Africa
Hotels in the Middle East & Africa successfully cut costs to fuel a 4.6% year-on-year increase in profit per room this month, which was in spite of a mixed revenue performance, according to the latest worldwide poll of full-service hotels from HotStats.

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The HVS Quarterly Macau Update
With the introduction of various family-oriented resorts in the Cotai Strip, more diversified tourist base is embracing Macau as a destination, as compared to the casino crowd in the downtown area of old. The wide range of activities offered in these resorts, from gaming to non-gaming, have led tourists to visit Macau. The newly-opened resorts induced demand, notably tourists from mainland China, South Korea, and Japan, which greatly improved hotel performance in both occupancy and average rate (ADR).

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STR: Gold Coast hotels record triple-digit growth during Commonwealth Games
Hotels in Australia's Gold Coast experienced a substantial performance uplift as host market for the 2018 Commonwealth Games, according to data from STR.The Gold Coast's hotel performance was largely driven by high rate premiums during the event (4-15 April). Average daily rate (ADR) came in at AUD347.38, which was a 76.7% increase over the same 12-day period in 2017. The market's growth in revenue per available room (RevPAR) exceeded 100% most nights during the event, with the peak level occurring the night of the opening ceremony on 4 April (RevPAR: +205.4% to AUD294.26). The spike in ADR and RevPAR occurred despite the fact that Gold Coast hotels did not register at-capacity occupancy levels. The market experienced its highest occupancy level (92.8%) on the night of the closing ceremony, and the average level during the event (86.6%) fell short of the average in Glasgow (95.7%). However, with different market sizes, the Gold Coast sold 99,466 more room nights. \"While it's encouraging to see that Queensland hotels capitalized on the Commonwealth Games, the lasting legacy could have an even greater impact on the market's future,\" said Matthew Burke, STR's Pacific manager. \"As Southeast Queensland continues exploring the prospect of bidding to host the 2032 Olympics, the results of this year's Commonwealth Games will likely play a big role in the ultimate decision.\"

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HotStats UK Chain Hotels Market Review - March 2018
March 2018: Profit Wash Out at UK Hotels Year-on-year profit per room dropped by 5.6% this month as the wettest March in a decade, as well as unseasonal snow storms, added to the already challenging trading conditions for hotels in the UK, according to the latest worldwide poll of full-service hotels from HotStats.

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HVS Market Pulse: Paris - Spring in the Step
This market pulse provides an overview of the tourism and hotel market in Paris, France. It discusses recent tourism trends and the causes for optimism for 2018 as well as providing a summary of the extensive hotel pipeline.

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Market Pulse: Annapolis, MD
Annapolis, Maryland's capital, is a historic seaport located 30 miles south of Baltimore and 30 miles northeast of Washington, D.C. Annapolis relies on tourism, state and local government activity, and renowned institutions of higher education for its economic livelihood. The Annapolis hotel market has been very stable over the last five years, with no proposed hotel development on the horizon. There have, however, been two hotel transactions in the last year, indicating the attractiveness and economic viability of this high-barrier-to-entry market to investors. Average rates for the city's hotels have risen steadily since the recession given the limited entrance of new supply, coupled with economic development in Annapolis and Anne Arundel County, as well as overall growth in the Washington, Baltimore, and the greater Mid-Atlantic region. The following article highlights several the fundamentals of the Annapolis economy and lodging market, as well as area development projects.

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Why France's hotel sector is on the road to recovery - JLL Real Views
As tourists return once more to soak up the sights and tastes of France, its hotel sector is rebounding rapidly from its 2016 low point.

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STR: Mexico hotel performance for Q1 2018
Mexico's hotel industry reported mixed year-over-year results in the three key performance metrics during the first quarter of 2018, according to data from STR. Compared with Q1 2017:

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PwC European cities hotel forecast 2018 & 2019
European cities saw unprecedented hotel performance in 2017. Almost all the cities in our latest forecast are expected to see further growth in 2018 and 2019. Strong demand has propelled some into the spotlight yet again.

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STR: Canadian hotels register highest Q1 occupancy since 2007
Canada's hotel industry reported positive year-over-year results in the three key performance metrics during the first quarter of 2018, according to data from STR. Compared with Q1 2017:

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The Outlook For U.S. Hotel Profits In 2018 | By Robert Mandelbaum and Bram Gallagher
Since 2014, U.S. lodging industry owners and operators have seen a steady decline in the pace of revenue growth. In 2014, rooms revenue per available room (RevPAR) increased by a healthy 8.2 percent according to STR. Per the December 2017 edition of CBRE's Hotel Horizons, RevPAR is forecast to increase by just 2.5 percent in 2018. Facing lackluster revenue growth, hotelier's sights are now focused further on down the operating statement to determine what the impact of slow top-line gains will be on bottom-line profits.

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Marriott leads Africa's hotel growth - But experts express caution on predictions of future expansion
Marriott International tops this year's table for the most planned new hotel rooms under construction in Africa, according to the influential annual hotel pipeline survey by W Hospitality Group. Details of the report will be one of the key discussions at the Africa Hotel Investment Forum (AHIF), which the Kenyan government recently announced will return to Nairobi, in October this year. Marriott International currently has a development pipeline of 93 new hotels comprising 17,708 rooms in Africa. Almost 50% of those rooms - 8,587 - are already under construction. The Hilton chain is ranked second, with 6,352 rooms under construction, and the Radisson Hotel Group is third with 4,840 rooms currently being built.

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North American Hoteliers Spring into Second Quarter of 2018 with Continued Growth
TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's April 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers are experiencing continued growth in the second quarter of 2018, with bookings up 2.7 percent and average daily rates (ADR) up 2.5 percent across all travel segments.

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Central/South America hotel performance for Q1 2018
Hotels in the Central/South America region reported positive Q1 2018 performance results, according to data from STR. STR's sample comprises more than 59,000 hotels and 8.0 million hotel rooms around the globe. Contact media@str.com for additional market data.

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Horwath HTL Market Report: Canada Hotels & Chains Trends
The Canadian hotel industry has been flushed with news of mergers and acquisitions in recent years, while many of the major hotel companies have, and continue to, announce new brands within their portfolio, all designed to fit the needs of the ever-evolving hotel consumer.

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STR: Europe hotel performance for Q1 2018
Europe's hotel industry reported increases across the three key performance metrics during Q1 2018, according to data from STR.Euro constant currency, Q1 2018 vs. Q1 2017Europe

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Number of European Visitors to Countries in the GCC Rises [Download Construction Report]
The number of visitors from Europe to countries in the Gulf Cooperation Councila group that includes Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Omanis projected to increase as much as 17 percent from 2018 to 2020.

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STR: Asia Pacific hotel performance for Q1 2018
Hotels in the Asia Pacific region registered growth across the three key performance metrics during Q1 2018, according to data from STR.U.S. dollar constant currency, Q1 2018 vs. Q1 2017Asia Pacific

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STR: U.S. hotel results for week ending 14 April
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 8-14 April 2018, according to data from STR. In comparison with the week of 9-15 April 2017, the industry recorded the following:

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STR: U.S. hotels set Q1 performance record
The U.S. hotel industry reported record-breaking performance during the first quarter of 2018, according to data from STR. Compared with Q1 2017:

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HVS Market Pulse: Birmingham, AL
Birmingham's economy is largely driven by the healthcare sector, with top employers such as the UAB Health System, Baptist Health System, and St. Vincent's Health System, whose hospitals and clinics are expected to change their name to Ascension. The name change is part of a greater effort to coordinate healthcare efforts across the entire Ascension system, which is the largest chain of Catholic hospitals in the world. The UAB Healthcare System is also undergoing some changes. U.S. News & World Report's top ranked hospital in Alabama added seven operating rooms to the Callahan Eye Hospital in April 2017, while in August 2017, a new, 60,000-square-foot expansion of the John N. Whitaker Building opened. Known as the Whitaker Clinic, the new facility includes primary care, dermatology, podiatry, and rheumatology clinics. Additionally, the Ronald McDonald House Charities of Alabama's three-story, 28,543-square-foot addition opened in January 2018. The healthcare sector is the largest demand driver for hotels in and around Downtown Birmingham, with year-round demand driven by patients, relatives of patients, doctors, and pharmaceutical sales representatives.

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The HVS Quarterly Taiwan Update
The positive impact from Taiwan's tourism source market diversification supported its increase in visitor arrivals, which witnessed a 10.1% YoY rise to 3.1 million in 2017 quarter four. To compensate for the loss of mainland Chinese tour groups, Taiwan strategically improved its relationships with other Asian countries, particularly in Southeast Asian countries. Notably, South Korea passed the 1 million visitor arrivals mark in the fourth quarter. Amid the shift of source markets, hotel players in Taiwan experienced the rebalancing towards more value-based demand.

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HVS Market Pulse: New Orleans, LA
New Orleans has continually been voted one of the top leisure destinations in the country; in 2017, the city and select institutions ranked top on lists from Conde Nast Traveler, Travel + Leisure, Southern Living, and Food & Wine, among others. By March 2018, the city had earned new accolades from almost 30 publications, notably starting off the year as the first stop on the New York Times' \"52 Places to Go in 2018.\" The city's visibility increased in many ways in 2017, from hosting the relocated NBA All-Star Game, to providing the backdrop for the movie Girl's Trip, and counting down to 2018 for the central time zone on Dick Clark's New Year's Rockin' Eve. While the hospitality industry remains a mainstay of this Louisiana market, continued development in the CBD should help bolster activity in the city.

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U.S. Hotels Operating at Highest Level of Efficiency Since 1960
U.S. hoteliers enjoyed an eighth consecutive year of increasing profits in 2017 despite another slowdown in the rate of revenue growth. According to the recently released 2018 edition of Trends in the Hotel Industry by CBRE Hotels' Americas Research, total operating revenue increased by 2.0 percent in 2017 for the average hotel in its survey sample. Fortunately, by limiting the growth in operating expenses to 1.9 percent, managers at the Trends properties realized a 2.2 percent increase in gross operating profits (GOP) for the year.

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Malaysia gears up for new hotel openings
The Malaysian project pipeline looks to be in good health. Over the next few years, the Southeast Asian country is set to benefit from scores of new hotels. We check out the prospective openings in Malaysia.

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STR: U.S. hotel performance for March 2018
The U.S. hotel industry reported positive results in the three key performance metrics during March 2018, according to data from STR. In a year-over-year comparison with March 2017, the industry posted the following:

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STR: South America demand outpacing supply for first time since 2011
South America hotel demand is growing at a quicker pace than supply for the first time since 2011, according to data and analysis from Boo covered the region's supply/demand dynamic and hotel performance during her presentation earlier today ahead of the World Travel and Tourism Council Global Summit. The media contacts listed below can provide Boo's full presentation slide deck and arrange interviews for further comment. For total-year 2017, South America's occupancy increased 2.2% to 55.9%, and average daily rate (ADR) was up 0.5% to US$104.07. As a result, revenue per available room (RevPAR) grew 2.7% US$58.20.At the market-level, Buenos Aires posted one of the top RevPAR growth rates at +29.1%. That came as a result of 11.3% growth in occupancy to 68.7% and a 16.1% spike in ADR to ARS2,147.01. \"Buenos Aires showed strong performance across each day of the week with little fluctuation. We see that pattern as an indicator of strong business and leisure performance,\" Boo said. \"The market is a top destination for MICE (Meetings, incentives, conferences and exhibitions) business, and with a boost from events like the WTTC, Youth Olympic Games and G20 summit, we forecast occupancy to surpass 70% in 2018 with ADR growth being the primary driver of RevPAR growth.\"

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HVS: Kenya
Kenya lies along the eastern coast of Africa. An estimated (2016) 46 million people reside in Kenya with a population increase of around one million people per annum. Kenya is establishing itself as an important gateway to the high growth East Africa region. In November 2016, Kenya was in the top 10 most improved economies in the annual World Bank report on the ease of doing business. The country moved up 21 places from 113th to 92nd. Kenya is outperforming most of its African counterparts in terms of infrastructure with a number of large projects expected to continue attracting foreign investment. In addition, the country has just completed the SGS acquisition of compliance certification in the Oil and Gas sector and the oil sector is thus expected to become a significant economic driver. ECONOMIC INDICATORS - KENYAKenya has made significant structural and economic reforms that have contributed to sustained economic growth. The country has received support of the World Bank Group, International Monetary Fund and other development partners and they have brought positive economic changes to the country. The new constitution and improved court system pushed investor's confidence and improved the political situation in the country.

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The HVS Quarterly Hong Kong Update
As one of the major pillars of the Hong Kong economy, the tourism sector in 2017 marked a good year given that the number of visitor arrivals bounced back from 2016 and reached 58.5 million, albeit not as strong as the peak at 60.8 million visitors in 2014 and 59.4 million visitors in 2015. Particularly, the fourth quarter recorded the highest number of visitors in three years, thanks to the Golden Week and Christmas holidays that charmed both mainland Chinese and non-mainland-Chinese visitors. Hotels in the city also benefited from the boost in visitor arrivals, where occupancy and average rate both recorded growth.

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German hoteliers set for profit squeeze in 2018
The German accommodation market is in the midst of a strong period of high demand, with the number of overnights stays in German accommodation establishments with 10 or more beds rising from an estimated 436.4 million in 2015 to 459.6 million in 2017. Despite the recently buoyant market, 2018 will see hotel profits in the country under pressure as demand growth from German travelers slows, room supply increases and costs grow says a new report, an excerpt for which can be downloaded for free here.

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EyeforTravel report finds Germany's outbound market will have its best performance in years in 2018
Germany's outbound market accounts for over 30% of the overnight stays made by EU citizens but the market is set to get even bigger in 2018 on the back of strong economic performance, receding security concerns and high consumer confidence finds the report, an extract of which can be downloaded for free here.

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Take a Look at the Top 5 Hottest Hotel Construction Projects in Africa
The African continent brims with new hotel investments and developments. For many years, obstacles such as infrastructure and workforce prevented a boom in tourism in the industry. Hotel owners and operators, however, are now making up for lost time.

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Horwath HTL Market Report: Albania - The (Last) Undiscovered Pearl In The Mediterranean
When it comes to travel, one can argue that there are few stones that have been left unturned in Europe, but one of those is certainly Albania. In many ways Albania is the missing part of the Mediterranean tourism puzzle. In this latest report, Sinia TopaloviandIva Raica from Horwath HTL, Croatia examine the status quo in Albanias tourism sector, and the reasons why now is the time to invest.

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STR: U.S. hotel results for week ending 7 April
The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 1-7 April 2018, according to data from STR. In comparison with the week of 2-8 April 2017, the industry recorded the following:

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Did American Tourists Visiting Russia Increase in 2017?
According to information from the Russian Federal Security Service, the number of American tourists who visited that country in 2017 increased by as much as 25 percent in the first three quarters of 2017.

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Trump Economy Driving Profit Growth at Hotels Across the U.S. in 2017
The profitability of hotels in the U.S. increased in 2017, in line with the growth of the economy under President Trump, according to the latest findings from a new publication, \"Profit Matters: U.S. Annual Hotel Performance Tracker 2018,\" released by the hotel benchmark service, HotStats.

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Indonesia's project pipeline in good health [Infographic]
The Asia Pacific market looks set to get a boost in Indonesia over the next few years. Indonesia has a wealth of new projects in the pipeline and everything from big brands to boutique and apart hotels look set to land in this premium destination in the near future. We check out what's in store.

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Germany's outbound market will have its best performance in years in 2018
Germany's outbound market accounts for over 30% of the overnight stays made by EU citizens but the market is set to get even bigger in 2018 on the back of strong economic performance, receding security concerns and high consumer confidence finds the report, an extract of which can be downloaded for free here.

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STR: Preliminary March data for Berlin hotels
STR's preliminary March 2018 data for Berlin, Germany, indicates slight performance growth driven by high demand. Based on daily data from March, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary March data for Jeddah hotels
STR's preliminary March 2018 data for hotels in Jeddah, Saudi Arabia, indicates mostly negative performance due to a spike in supply. Based on daily data from March, Jeddah reported the following in year-over-year comparisons:

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STR: Preliminary March data for Hong Kong hotels
STR's preliminary March 2018 data for hotels in Hong Kong indicates strong performance results. Based on daily data from March, Hong Kong reported the following in year-over-year comparisons:

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Horwath HTL Market Report: Wuhan, China - Upper-Tier Hotel Market
Gary Shao, from Horwath HTL, Shanghai, has produced the latest market report from China. Wuhan is the provincial capital of Hubei and the largest economy in central China. Given the city's rapid expansion powered by several major developments, the Wuhan hotel market is experiencing severe competition, coupled with a large number of new hotel additions expected to open in the near future.

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STR: Preliminary March data for London hotels
STR's preliminary March 2018 data for London, England, indicates overall performance declines. Based on daily data from March, London reported the following in year-over-year comparisons:

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STR: Preliminary March data for Dubai hotels
STR's preliminary March 2018 data for Dubai, United Arab Emirates, indicates strong 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 Sydney hotels
STR's preliminary March 2018 data for hotels in Sydney, Australia, indicates performance consistent with significant growth in both supply and demand. Based on daily data from March, Sydney reported the following in year-over-year comparisons:

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STR: U.S. hotel results for week ending 31 March
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 25-31 March 2018, according to data from STR. In comparison with the week of 26 March through 1 April 2017, the industry recorded the following:

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Downtown LA is a hotbed of great new hotel design
Downtown Los Angeles is undergoing something of a renaissance. Once a haven of entertainment and retail, the area went into decline, but is now on the up again thanks to a swathe of new hotel development. We take a look inside the growing hotel scene in downtown LA.

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Barcelona's Stress Test Will the hotel market ride it out? | By Magali Castells & Sophie Perret
This article presents recent supply and demand trends for Barcelona, before discussing some of the sociopolitical events that have impacted the market over recent months, as well as their effect on hotel performance and the outlook for the coming year.Barcelona is Spain's second-largest city, with a population of approximately 1.6 million in 2017, and is the capital of Catalonia. Located on the Mediterranean coast, 180 km southwest of the French border, Barcelona is the country's principal seaport and is the third-largest port in the Mediterranean region.Since the organisation of the Olympic Games in 1992, Barcelona has become a favourite short-break leisure destination in line with cities such as Paris, London and Amsterdam. It is also an increasingly important port for cruise ships. In addition, Barcelona is an established centre for meeting, incentive, conference and exhibition (MICE) business: the city was 3rd in the International Congress and Convention Association (ICCA) ranking in 2016 with a total of 181 meetings.

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HotStats MENA Chain Hotels Market Review - February 2018
The positive start to the year for hotels in the Middle East & Africa was short lived as profit per room fell by 7.8% in February, led by a significant year-on-year decline in achieved average room rate, according to the latest worldwide poll of full-service hotels from HotStats.

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HotStats UK Chain Hotels Market Review - February 2018
February 2018: Profit Slide Continues at UK Hotels Despite recording an increase in revenue across a number of departments, year-on-year profit per room at hotels in the UK fell by 5.1% in February as cost increases continue to accelerate, according to the latest worldwide poll of full-service hotels from HotStats.

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March

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STR: U.S. hotel results for week ending 24 March
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 March 2018, according to data from STR. In comparison with the week of 19-25 March 2017, the industry recorded the following:

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HVS: Cape Town
Cape Town is South Africa's oldest city and the second-most populous city in the country. It is the provincial capital and primary city of the Western Cape. As the seat of the National Parliament, it is also the legislative capital of the country. The city is famous for its harbour as well as its natural setting in the Cape floral kingdom, including such well-known landmarks as Table Mountain and Cape Point. Cape Town is also Africa's most popular tourist destination.Cape Town is one of the most multicultural cities in the world, reflecting its role as a major destination for immigrants and expatriates to South Africa. As of 2016, the city had an estimated population of 3.8 million. The city was named the World Design Capital for 2014 by the International Council of Societies of Industrial Design.EXCHANGE RATE USD:ZAR The economy is sophisticated, relying on the tertiary sector, primarily the financial and insurance sectors, and tourism. Infrastructure is adequate with extensive roads networking the city and the electricity network reaches most areas in the city. However, Cape Town is suffering from a massive drought that has an impact on daily activities and tourism. ECONOMIC INDICATORS - SOUTH AFRICA

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Spring Hotel Outlook Shows Stability and Consistency in North American Markets
TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's March 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers are continuing to see growth across all travel segments, up 0.7 percent in average daily rates (ADR) and 1.7 percent in bookings during the first quarter of 2018. This marks an ongoing positive trend from the beginning of the year.Transient travel in particular is experiencing solid growth in bookings, up 2.2 percent overall, 1.7 percent in transient business and 2.6 percent in transient leisure. This segment is also seeing a boost in revenue per available room (RevPAR), up 3.3 percent for transient travel overall, 2.9 percent for transient business and 3.6 percent for transient leisure. \"With the spring travel season kicking off, the improved month-over-month performance across business and leisure transient bookings is very encouraging news for hoteliers,\" said John Hach, senior industry analyst, TravelClick. \"Additionally, as we head into the second quarter of 2018, the data shows that both rates and occupancy are continuing to hold steady for now.\" Twelve-Month Outlook ( March 2018 - February 2019) For the next 12 months (March 2018 - February 2019), transient bookings are up 3.4 percent year-over-year, and ADR for this segment is up 2.3 percent. When broken down further, the transient leisure (discount, qualified and wholesale) segment is up 4.7 percent in bookings, and ADR is up 2.2 percent. Additionally, the transient business (negotiated and retail) segment is up 1.4 percent in bookings, and ADR is up 2.8 percent. Lastly, group bookings are slightly up 0.4 percent in committed room nights* over the same time last year, and ADR is up 1.3 percent. \"Hoteliers today have a number of available tools in their toolbox to differentiate themselves from the competition,\" added Hach. \"At the same time, consumers are becoming i

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HVS Market Pulse: Downtown Chicago, IL
Chicago, America's \"Second City\" or, in the words of the poet Carl Sandburg, the \"City of the Big Shoulders,\" has long enjoyed global recognition for its stories, intrigue, and ingenuity. The city's tourist attractions, international companies, celebrities, special events, and North America's largest convention center place it among the prime destinations in the U.S. for business, leisure, and conventions. The diverse neighborhoods surrounding the Loop are abundant in music, art, and culture, while Downtown Chicago's commercial and tourist attractions include Willis Tower (formerly Sears Tower), Navy Pier, and Millennium Park.

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HVS In Focus: Capri Island, Italy
Capri, together with Ischia and Procida, is the one of the three main islands of Campania, a region in Southern Italy with an area of about 13,500 km and a population of 5,836,317 (2016). The distinctive features of the region are its mild climate, the abundance of art and historical sites, the strong passion for music and food as well as the presence of Mount Vesuvius, one of the most active volcanos in Europe located in the Gulf of Naples. Being largely washed by the Tyrrhenian sea, many leisure tourism destinations were developed over the years in Campania, such as Capri, Amalfi, Positano and Sorrento; besides Naples, which is the regional capital.Capri's area spans over approximately 10,5 km2, while the inhabitants of the two municipalities (Capri and Anacapri) are about 15,000. Its precipitous coast and its numerous caves give a very peculair configuration to the natural setting of the island. Moreover, Similar to Campania region, music, food and history are always there, but what established the island as such an attractive tourist pole is the exclusivity and the \"dolce vita\" that visitors experience during their stay, through the sea life and the nightlife, which certainly revolves around the timeless \"piazzetta\".The charm of this island is remembered since the Roman Empire. Some of the first known admirers and visitors of Capri were the Emperor Augustus, that made the island his private dominion, and the Emperor Tiberius, who built 12 properties to retire from Rome's life, some of them are still visible today. The current tourism status begun with the two World Wars, where the island hosted many political figures which gave birth to a small political-literary oasis. After that, a gradual change of the island's economy accomplished through a progressive decline in agriculture and coral production in favour of the tourism sector.

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STR: Global hotel inventory has grown 18% in 10 years
On the 10th anniversary of the launch of its international expansion, STR reports that there are 184,299 hotels comprising 16,966,280 million rooms around the world. That number of rooms represents a 17.7% increase over the last 10 years.

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In Focus: Singapore, Preparing for a Smart Future
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 approximately 5.6 million, Singapore rose as an economy in the latter half of the 20th century and today serves as a global commerce, finance, and transportation hub.

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STR: Hurricane hotel performance impact leveling off in Texas and Florida
With the exception of the Florida Keys, where demand decreases remain, a performance lift continues for the major hotel markets affected by Hurricane Harvey and Hurricane Irma. At the same time, performance growth in those markets is leveling off, according to a six-month analysis by STR's Consulting & Analytics team. \"Historically, we've found that inflated performance growth lasts in a market for six to eight months after a hurricane hits,\" said Hannah Smith, STR consultant. \"This is due to business from displaced residents, emergency and relief workers, insurance adjustors, media members, etc. The impact was immediately visible after both Hurricane Harvey and Hurricane Irma as Texas and Florida each reported double-digit growth in demand and revenue per available room in the months following the storms. The increases in those two states were enough to lift overall U.S. performance significantly during the fourth quarter of 2017. Through two months in 2018, the gap is shrinking.\"

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February 2018: Profit Growth Returns for Hotels in the U.S.
After a somewhat shaky start to the year, hotels in the U.S. recorded a robust 4.4 percent increase in profit per room in February, which was fuelled by year-on-year growth in revenue from the leisure segment, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: Central/South America hotel performance for February 2018
Hotels in the Central/South America region reported strong growth across the three key performance metrics, according to February 2018 data from STR.U.S. dollar constant currency, February 2018 vs. February 2017Central/South America

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STR: Asia Pacific hotel performance for February 2018
Hotels in the Asia Pacific region reported lower occupancy but significant rate growth during February 2018, according to data from STR.U.S. dollar constant currency, February 2018 vs. February 2017Asia Pacific

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Casablanca is largely dependent on business travellers with limited luxury hotels
Earlier this year, the Moroccan Central Bank (Bank Al-Maghrib) introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.

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HVS Market Pulse: Berlin - In Search of ADR Growth
This market pulse provides an overview of the tourism and hotel market in Berlin, Germany. It discusses recent tourism trends, challenges encountered in pushing average rate and provides a summary of the extensive hotel pipeline.

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STR: U.S. hotel results for week ending 17 March
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 11-17 March 2018, according to data from STR. In comparison with the week of 12-18 March 2017, the industry recorded the following:

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STR: Melbourne hotel business expected to speed up over Grand Prix weekend
After posting a 42.2% premium in average daily rate (ADR) during the Formula 1 2017 Australian Grand Prix, hotels in Melbourne are again expected to see a strong performance uplift around this year's event, according to STR.Over Grand Prix weekend last year (18-20 March), Melbourne hotels recorded the following performance figures in comparison with the rest of March 2017:

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STR: Europe hotel performance for February 2018
Europe's hotel industry reported increases across the three key performance metrics during February 2018, according to data from STR.Euro constant currency, February 2018 vs. February 2017Europe

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STR: Middle East and Africa hotel performance for February 2018
Hotels in the Middle East reported negative February 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, February 2018 vs. February 2017Middle East

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Why Qatar's Project Pipeline has Quickly Become One to Watch
Within the hospitality industry, Qatar has long been a country known as a relatively busy transit spot. Its Hamad International Airport connects to 100 different destinations, making Qatar a popular destination for layovers as visitors wait to head to other countries.

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STR: U.S. hotel performance for February 2018
The U.S. hotel industry reported positive results in the three key performance metrics during February 2018, according to data from STR. In a year-over-year comparison with February 2017, the industry posted the following:

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Brexit Effect' Waning for UK Hotels
Hotels in the UK recorded strong performance increases in 2017, although growth levels started receding in the final months of the year, according to data from STR.

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Hilton CEO: Brexit is Hurting the London Hotel Business [Chain Report Included]
One of the most prominent executives in the international hospitality industry recently said that Brexit is beginning to weigh on London's hotel market.

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STR: U.S. hotel results for week ending 10 March
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 4-10 March 2018, according to data from STR. In comparison with the week of 5-11 March 2017, the industry recorded the following:

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STR: U.S. hotel transaction price per room down 12% in 2017
A shift in the U.S. hotel transaction mix led to a 12% drop in investment price per room, according to the Hotel Transaction Almanac 2018, released bySTR in conjunction with Hotel Brokers International (HBI). The hotel transactions tracked by STR totaled nearly $20.1 billion, but the average total investment per room declined more than $30,000 (to $240,000) from the record average established in 2016 ($272,000). This was the lowest total investment price per room since 2013. Investment price per room is equal to the sale price plus expected capital expenditures. \"The lower price point is more of an indication of the mix of hotel assets sold, rather than a decrease in hotel values themselves,\" said Hannah Smith, STR consultant. \"Portfolio transactions were a key factor in the decline, as properties sold within a portfolio represented 21% of all of the hotels sold last year. Portfolios tend not to include many upper upscale or luxury hotels.\"Smith also noted that there was a lower concentration of hotel transactions in the Top 25 Markets, which tend to sell at higher price points. After accounting for 52% of all hotel sales in 2016, the Top 25 Markets represented 37% of sales in 2017. Other key findings from the Hotel Transaction Almanac 2018 include:

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Record-breaking Q4 2017 real estate investment volumes in Asia Pacific sound a positive note for 2018
Investment volumes in the last quarter of 2017 reached a new high of US$52 billion in Asia Pacific, up 16 per cent compared to the same period in 2016, according to new data from real estate consultant JLL.

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Mexico Hotel Destinations - 2018
Following the 2016 U.S. election, there was a growing concern over Mexico's ability to achieve meaningful economic growth given President Trump's protectionist rhetoric with regard to U.S.-Mexico trade policy. Nonetheless, in 2017, rhetoric proved less impactful than reality, as Mexico's economy fared better than expected and real GDP grew 2.3% year-over-year. The travel and tourism industry continues to play a vital role in Mexico's overall economy and international visitation into the country's capital reached a new record, growing 12.2% over 2016 levels. The 2018 outlook remains promising, in spite of uncertainty around NAFTA negotiations and upcoming presidential elections.

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STR: Preliminary February data for Singapore hotels
STR's preliminary February 2018 data for hotels in Singapore indicates significant occupancy levels and higher room 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 Munich hotels
STR's preliminary February 2018 data for Munich, Germany, indicates performance declines. Based on daily data from February, Munich reported the following in year-over-year comparisons:

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STR: Preliminary February data for London hotels
STR's preliminary February 2018 data for London, England, indicates a continuation of recent trends. Based on daily data from February, London reported the following in year-over-year comparisons:

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STR: Preliminary February data for Abu Dhabi hotels
STR's preliminary February 2018 data for Abu Dhabi, United Arab Emirates, indicates strong occupancy growth but lower rates due to difficult-to-match comparisons from 2017. 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 Melbourne hotels
STR's preliminary February 2018 data for hotels in Melbourne, Australia, indicates growth across the key performance metrics. Based on daily data from February, Melbourne reported the following in year-over-year comparisons:

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STR: Brazil hotel performance rebounds
A double-digit increase in occupancy during January 2018 was further evidence of hotel performance recovery in Brazil, according to an analysis from In the 12 months ending with January 2018, Brazil showed occupancy growth of 2.3% (to 53.4%) but an ADR decrease of 11.2% (to BRL278.93). Six of the country's key markets and cities registered year-over-year occupancy growth near, at or above 10% for those 12 months: Belo Horizonte (+10.7% to 53.3%), Brasilia (+10.2% to 48.5%), Manaus(+10.0% to 48.6%), Fortaleza (+9.8% to 59.3%), Salvador (+9.0% to 54.0%) and theRecife Area (+8.3% to 56.6%). While most of the key markets and cities showed negative ADR comparisons during this 12-month time period, Porto Alegre was an outlier with 7.1% growth in ADR to BRL241.40. Rio de Janeiro's 6.8% decrease in occupancy and 34.3% drop in ADR heavily influenced the country's overall performance for the 12-month time period. However, in January 2018 specifically, the market reported a 20.7% jump in occupancy with a less dramatic decline in ADR (-6.2%). Overall, eight of the 10 markets and cities included in STR's analysis showed a rise in occupancy for January. Seven of those markets and cities posted ADR growth, led once again by Porto Alegre (+11.7% to BRL233.47). \"Because of the mega events of the last several years, we've seen a massive supply increase in Brazil's key cities,\" Boo said. \"However, with new investors, we've seen a shift in development to secondary and tertiary cities. That has meant that hotel performance fluctuations have been seen just about everywhere.\" While included in the list of markets that have seen performance fluctuations in Brazil, Boo noted the strength and stability of So Paulo specifically when looking further down the road at the country's recovery. STR's latest forecast for So Paulo projects growth across the three key performance metrics in 2018 and 2019. \"As the financial hub of Brazil, So Paulo tends to react much quicker to economic factors af

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STR: U.S. hotel results for week ending 3 March
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 25 February through 3 March 2018, according to data from STR. In comparison with the week of 26 February through 4 March 2017, the industry recorded the following:

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HVS Manhattan Lodging Report Q4-2017 | By Roland deMilleret & Nicole Roantree
The following report examines the effects of past recessions on hotel performance in Manhattan, as well as the dynamics of hotel supply and demand and forecasts for the health of the local lodging industry in the near term.

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International travel with one of the highest growth rates in the last twenty years
IPK International's Presentation at ITB Berlin 20182017 has been an exceptionally strong year for international travel, with Europe being the main growth driver as both a source market as well as a destination region. Worldwide, the number of outbound trips has increased by 6.5 per cent, reaching nearly 1.2 billion international trips in 2017. Also positively, for the first time since IPK surveys the impact of terrorism on international travel, terror sensitivity has decreased and destinations are perceived as \"safer\" than before. These findings are based on latest results of IPK's World Travel Monitor, an annual survey analyzing the outbound travel behavior in more than 60 countries worldwide, covering over 90 per cent of the global outbound demand. Trends for the first eight months of 2017 can be found in the ITB World Travel Trends Report (https://www.itb-kongress.de/en/ELIBRARY/Publications/Studies/), which is published yearly by ITB Berlin.

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Africa's Hospitality Market: The 2017 Year in Review | By Wayne Troughton
The African hotel market experienced another eventful and evolutionary year in 2017. The continent continued to attract new regional and global investment, whilst economic and political events, currency shifts and fluctuating tourism demand brought both risks and rewards to hotel markets across the region.

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Full hotel pipelines in Europe and Germany require further market growth
The European hotel market is on track for growth thanks to a rise in tourist demand in Europe in 2017. The number of travellers rose by 8% year-on-year to 671 million, putting the growth in demand in Europe at four times that of the global market. Average room occupancy in Europe has risen by 2.4 percentage points to 72%. Average room rates have likewise increased by 3.1% to EUR 111 overall.

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European hotel values see impressive gains as demand booms | By Simon Hulten & Sophie Perret
Hotel values across Europe saw impressive growth of 3.9% in 2017 compared with the previous year when values stood still, on average, according to our 2018 European Hotel Valuation Index (HVI), published this week.

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Japan's Tourism To Receive Substantial Investments | tourism-review.com
Tourism is growing fast in Japan. In 2017, the number of arrivals increased by 19.3% compared to the year before to a record 28.69 million. However, the problem is that the country has only few hotels to accommodate so many tourists. The shortage is forecasted to continue at least until 2020.

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Knowledge Center Europe hotels see record-breaking performance in 2017, continued growth expected for 2018


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7% Year-over-year Growth In The Global Construction Pipeline
The Lodging Econometrics (LE) Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the Total Global Pipeline stands at 12,631 Projects/2,127,794 Rooms, up 7% by projects Year-Over-Year (YOY).There are 5,847 Projects/1,101,707 Rooms Under Construction, up 6% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,744 Projects/548,876 Rooms, are up 2% while projects in Early Planning at 3,040 Projects/477,211 Rooms are up 17% YOY.The leading franchise companies in the Global Construction Pipeline by project count are: Marriott International with 2,405 Projects/400,822 Rooms, Hilton Worldwide with 2,108 Projects/315,603 Rooms, InterContinental Hotels Group (IHG) with 1,491 Projects/224,239 Rooms and AccorHotels with 809 Projects/151,416 Rooms. The leading brands for each of these companies are: Marriott's Fairfield Inn with 364 Projects/38,986 Rooms, Hilton's Hampton Inn & Suites with 570 Projects/71,795 Rooms, IHG's Holiday Inn Express with 710 Projects/87,150 Rooms and Accor's Ibis with 156 Projects/23,863 Rooms.

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HVS: 2017 European Hotel Transactions
This article gives an overview of hotel investment volumes in Europe in 2017, discussing trends and forecasts and providing a comprehensive list of single asset and portfolio hotel deals above 7.5 million.

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HotStats MENA Chain Hotels Market Review - January 2018
Following a very challenging period of trading in recent years, year-on-year growth in revenue and profit at hotels in the Middle East & Africa in January represented a strong start to 2018, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: U.S. hotel results for week ending 24 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 February 2018, according to data from STR. In comparison with the week of 19-25 February 2017, the industry recorded the following:

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ITB Berlin expands the Medical Tourism segment
Even greater demand for places in the Medical Tourism segment, now in its second year New location in Hall 21.b Presentations and lectures on new trends and developments at the Medical Tourism Pavilion The Health Tourism Industry Conference is the official partner

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February

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Construction Pipeline Growth In China Continues To Be Steady
Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline Trend Report, the Total Pipeline has 2,471 Projects/548,628 Rooms, up 6% by project Year-Over-Year (YOY).There are 1,743 Projects/374,156 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 365 Projects/80,216 Rooms, up 28% by project YOY, while projects in Early Planning at 363 Projects/94,256 Rooms are down 5%.The top hotel companies in China's Construction Pipeline are: Hilton Worldwide with 327 Projects/77,270 Rooms, InterContinental Hotels Group (IHG) with 281 Projects/69,893 Rooms and Marriott International with 268 Projects/75,472 Rooms. The largest brand in the Pipeline for each of the these companies are: Hilton's Hampton Inn & Suites with 145 Projects/22,412 Rooms, IHG's Holiday Inn Express with 124 Projects/24,285 Rooms and Marriott's full-service hotel with 60 Projects/18,671 Rooms.Cities in China with the largest pipelines are: Shanghai with 132 Projects/25,367 Rooms, Guangzhou with 106 Projects/25,015 Rooms, Chengdu with 93 Projects/20,788 Rooms, Hangzhou with 79 Projects/17,996 Rooms, Suzhou with 75 Projects/14,360 Rooms and Beijing with 72 Projects/13,009 Rooms.

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Brazil's Hospitality Market is Poised for a Big Year in 2018 [INFOGRAPHIC]
Brazil has been on the world-stage as of late, largely due to hosting the World Cup in 2014 and the Summer Olympics in 2016.

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Canadian Lodging Outlook Quarterly 2017-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 Snapshot Seychelles Hundred Islands of Paradise
Seychelles continues to prove its popularity in the European market as a hideaway holiday destination while gaining reputation in the Middle Eastern and Asian markets.

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Asia Pacific Pipeline Excluding China Is Booming
The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,760 Projects/362,826 Rooms, up 13% by projects Year-Over-Year (YOY) and establishing a new record peak for this cycle according to analysts at Lodging Econometrics (LE).There are 971 Projects/211,827 Rooms Under Construction, up 15% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 393 Projects/78,881 Rooms, up 21%, while projects in Early Planning at 396 Projects/72,118 Rooms, up 3% YOY.The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: Indonesia with 440 Projects/73,892 Rooms, India with 213 Projects/33,649 Rooms and Japan with 201 Projects/42,350 Rooms. Cities with the largest pipelines are: Jakarta with 112 Projects/21,044 Rooms, Seoul with 95 Projects/17,657 Rooms, and Tokyo with 61 Projects/14,485 Rooms.The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 230 Projects/54,568 Rooms, AccorHotels with 223 Projects/46,288 Rooms, and InterContinental Hotels Group (IHG) with 120 Projects/27,298 Rooms. The largest brands in the Pipeline for each of the these companies are: Courtyard by Marriott with 32 Projects/6,591 Rooms, Accor's Ibis Styles with 49 Projects/9,752 Rooms and IHG's Holiday Inn with 50 Projects/12,289 Rooms.

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Hotstats - January 2018: Hotel Profits Hit by Rising Costs
Hotels in the UK faced a challenging start to the year as escalating costs, particularly in payroll, completely wiped out the revenue growth recorded this month and led to a 3.9% year-on-year decline in profit per room, according to the latest worldwide poll of full-service hotels from HotStats.

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PWC: Manhattan lodging index Fourth quarter 2017
After ten quarters of continuous RevPAR declines, performance finally turned around in the fourth quarter of 2017. RevPAR increased 1.4 percent, driven entirely by resilient occupancy levels. While supply growth showed signs of deceleration, growth in average daily rate remained elusive.

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STR: Europe hotel performance for January 2018
Europe's hotel industry posted growth across the three key performance metrics during January 2018, according to data from STR.Euro constant currency, January 2018 vs. January 2017Europe

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STR: Central/South America hotel performance for January 2018
Hotels in the Central/South America region reported growth across the three key performance metrics, according to January 2018 data from STR.U.S. dollar constant currency, January 2018 vs. January 2017Central/South America

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trivago Industry Insights: Unprecedented Traveller Behaviour Data for UK Hotels
trivago, a leading global hotel metasearch publishes a series of reports detailing incoming and domestic travel behaviour in the UK: \"trivago Industry Insights.\" The reports aim to give hoteliers and tourism operators actionable insights into guest preferences to inform their marketing activities.

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January 2018: RevPAR Grows But Profit Slips for U.S. Hotels
Profit per room at U.S. hotels dropped by 0.5 percent in January, in spite of an increase in revenues across all departments, including RevPAR, according to the latest poll of full-service hotels from HotStats.

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The Hotel Construction Pipeline In The Middle East Is Up Significantly, Year-over-Year
Analysts at Lodging Econometrics (LE) report that the Construction Pipeline for the Middle East is up significantly. The Total Pipeline has 573 Projects/165,938 Rooms, and is up 11% by projects Year-Over-Year (YOY)There are 348 Projects/109,027 Rooms Under Construction, up 8% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 108 Projects/28,274 Rooms, up 9%, while projects in Early Planning at 117 Projects/28,637 Rooms are up 24%.The top hotel companies in the Middle East's Construction Pipeline are: Marriott International 96 Projects/22,559 Rooms, Hilton Worldwide with 92 Projects/25,303 Rooms, and AccorHotels with 83 Projects/26,206 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott's Courtyard with 20 Projects/4,218 Rooms, Hilton's full-service hotel with 29 Projects/10,345 Rooms and Accor's Novotel with 14 Projects/3,870 Rooms.The top countries in the Middle East Construction Pipeline are: Saudi Arabia with 202 Projects/70,992 Rooms, United Arab Emirates with 191 Projects/54,946 Rooms and Qatar with 60 Projects/14,053 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 143 Projects/40,631 Rooms, Doha, Qatar with 56 Projects/12,426 Rooms and Riyadh, Saudi Arabia with 55 Projects/10,623 Rooms.

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JLL Hotel Investment Outlook 2018
Global GDP growth, strong travel and tourism trends pave the way for continued positive hotel operating performance and investment prospects. Our new outlook report, seeks to give you global insight into the 2018 hotel and hospitality investment market.

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On the rise: Hospitality in Latin America | By Margarita Cruz and Achim Schmitt
The hospitality industry has shown great dynamism in Latin America over the past five years and that trend looks set to continue in 2018. While tourism growth in Central and South America can be partly explained by the region's diversity and natural resources, most of its progress stems from the continuous commitment of governments to promote the sector. So it did not come as a surprise that last year's Travel and Tourism Competitiveness Index, published by the World Economic Forum, listed six Latin American countries among the top 50 most competitive globally.

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How a Decision by Chinese Investors has Caused Sydney Hotels Sales Volume to Dive
In 2017, Sydney, Australia's previously red hot hotels market eased its growth and racked up a massive total of $2.02 billion in transactions, with Victoria actually accounting for 45 percent of the overall sales volumes, experts have said.

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STR: Middle East and Africa hotel performance for January 2018
Hotels in the Middle East reported mixed January 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, January 2018 vs. January 2017Middle East

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STR: Asia Pacific hotel performance for January 2018
Hotels in the Asia Pacific region reported mixed results in the three key performance metrics, according to January 2018 data from STR.U.S. dollar constant currency, January 2018 vs. January 2017Asia Pacific

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The Europe Hotel Construction Pipeline Is Booming At A 22% Year-over-year Growth
In line with its surging economic recovery, a recent Hotel Construction Pipeline Trend Report for Europe states that the Total Pipeline is booming with 1,316 Projects/205,650 Rooms, up 22% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE).There are 636 Projects/103,736 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 412 Projects/63,815 Rooms, up 45%, while projects in Early Planning at 268 Projects/38,099 Rooms are up by 2%.The top countries in the Europe Construction Pipeline are: United Kingdom with 245 Projects/37,108 Rooms, Germany with 210 Projects/39,330 Rooms, France with 122 Projects/15,318 Rooms and Russia with 87 Projects/16,653 Rooms. Cities in Europe with the largest pipelines are: London with 82 Projects/14,458 Rooms, Paris with 37 Projects/6,747 Rooms, Istanbul with 31 Projects/5,620 Rooms and both with 28 projects, Frankfurt with 6,133 rooms and Munich with 5,358 rooms.The top hotel companies in Europe's Construction Pipeline are: AccorHotels with 215 Projects/27,876 Rooms, Marriott International with 187 Projects/31,977 Rooms, Hilton Worldwide with 177 Projects/27,709 Rooms and InterContinental Hotels Group (IHG) with 141 Projects/24,128 Rooms. The largest brand in the Pipeline for each of the these companies are: Accor's Ibis Styles with 50 Projects/6,437 Rooms, Marriott's Moxy with 60 Projects/10,752 Rooms, Hilton's Hampton Inn & Suites with 69 Projects/10,456 Rooms and IHG's Holiday Inn Express with 63 Projects/10,028 Rooms.

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What You Must Know from the EMEA Hotel Construction Report
TOPHOTELCONSTRUCTION has released its latest EMEA Report, and there is a great deal of valuable information for hotel owners and operators within it, as well as useful information for investors and developers in hospitality.

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HVS Market Pulse: Geneva - Ripe for Budget?
This market pulse provides an overview of the tourism and hotel market in Geneva, Switzerland. It discusses recent tourism trends, challenges encountered in light of the currency situation and the impacts on hotel performance. This article also provides a summary of the extensive hotel pipeline which has the potential to make the city a more affordable destination to visit.

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STR: U.S. hotel results for week ending 17 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 11-17 February 2018, according to data from STR. In comparison with the week of 12-18 February 2017, the industry recorded the following:

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STR: U.S. hotel performance for January 2018
The U.S. hotel industry reported positive results in the three key performance metrics during January 2018, according to data from STR. In a year-over-year comparison with January 2017, the industry posted the following:

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Supply Growth to Peak in 2018, Impacting Changes in Local Market Occupancy and ADR
The supply of new hotel rooms entering the U.S. lodging markets will peak in 2018. Based on the recently released March 2018 edition of Hotel Horizons, CBRE Hotels' Americas Research is forecasting the net addition of approximately 101,000 rooms to the U.S. lodging inventory during 2018, an increase of 2.0 percent over 2017 average annual daily supply. This is the largest number of new rooms to enter the market since the 130,000 rooms that came on line in 2009.

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Horwath HTL Market Report: United States Lodging Trends
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.

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Saudi Arabia's hotel pipeline represents 76% of existing room inventory
LONDON -- Saudi Arabia has more than 64,000 rooms across the three phases of the hotel development pipeline, according to data from STR. That room total represents 76% of the more than 84,500 existing hotel rooms in the country. As shown in STR's January Pipeline Report, there are 187 hotel projects total in Saudi Arabia between the Planning, Final Planning and In Construction stages. The construction phase represents the largest portion of the pipeline with almost 40,000 rooms in 94 projects. At the market level, Makkah is set to receive the largest amount of new supply with more than 23,000 rooms In Construction and more than 32,000 rooms total in the pipeline.Jeddah and Riyadh are each approaching 10,000 rooms total in the three phases of the pipeline.Ahead of his presentation at the Saudi Arabia Hotel Investment Conference (SHIC) on Monday, 26 February, STR's area director for the Middle East and Africa, Philip Wooller, comments on the market's supply development: \"Saudi Arabia's hotel market is going through a period of massive supply expansion,\" Wooller said. \"In the short term, we've already seen this growth affect performance levels, and this trend should continue as more and more properties start to come online. But it is important to note that this is part of a major long-term investment for the market to further develop its infrastructure to accommodate millions of annual visitors, which come for religious pilgrimages and as new tourism attractions spring up as part of Vision 2030.\"

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STR: U.S. hotel property tax expense exceeds a potential $8.1 billion
A study by STR's Consulting & Analytics team shows that the total property tax expense for U.S. hotels exceeds a potential $8.1 billion.The study, which used 2016 HOST (Hotel Operating Statistics) data, found that roughly 36% of all hotel property tax expense resides in 15 counties. While 611 counties comprisedSTR's HOST data, the report studied only those with a sufficient reporting sample.\"Each county assesses and taxes differently when it comes to real and personal property for hotels,\" said Raquel Ortiz, STR's senior analytics manager. \"But overall, we found that the median property tax expense for U.S. hotels is 3.7% of total revenue with a much higher expense percentage for limited-service properties (4.2%) than full-service hotels (3.3%).\"When looking specifically at the 10 largest counties by hotel room inventory, New York County (9.4%) showed the highest property tax percentage of total revenue. Harris County, Texas (5.8%), and Cook County, Illinois (5.6%), ranked second and third, respectively.

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STR: Hotel F&B performance rises in 2017
U.S. hotel food-and-beverage revenue per occupied room (F&B RevPOR) increased 1.6% in 2017, according to total-year data from STR. F&B RevPOR reached US$105.56, up from US$103.93 in 2016. This growth reflected increases across all hotel classes and contributions from both food and beverage revenue sources. Among F&B department revenue centers, hotel venue operations experienced the most significant percent change from 2016 with a 4.7% increase in revenue per available seat.

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Market Pulse: Palm Springs & Desert Cities
The Coachella Valley extends for approximately 45 miles in Riverside County and comprises the following nine cities: Palm Springs, Rancho Mirage, Palm Desert, La Quinta, Indio, Indian Wells, Desert Hot Springs, Coachella, and Cathedral City. Typically, the population of these desert cities nearly doubles during the winter months by growing interest in leisure travel, improving convention business, and large-scale events, supplemented by part-time residents from colder climates due to its warmer temperatures. Tourism is the major industry in this area, with a variety of attractions and special events drawing significant numbers of leisure travelers. The market area is experiencing a period of economic strength as it continues to benefit from its position as a resort destination. With demand levels on the rise and several redevelopment and revitalization projects occurring in the area, the Coachella Valley is experiencing a renaissance.

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STR: Hotel impact from Minneapolis Super Bowl highest since 2012
Minneapolis/St. Paul reported the highest increase in revenue per available room (RevPAR) for any Super Bowl host market since 2012, according to an analysis by STR's Consulting & Analytics team. During Super Bowl LII Weekend (2-4 February 2018), the Minneapolis market posted an average occupancy level of 92.5% and an average daily rate (ADR) of US$354.41. As a result, RevPAR jumped a staggering 626% compared with the same three days in 2017. Among the past eight Super Bowl host markets, only Indianapolis (2012) posted a higher RevPAR increase (+1,082%).

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STR: U.S. hotel results for week ending 10 February
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 4-10 February 2018, according to data from STR. In comparison with the week of 5-11 February 2017, the industry recorded the following:

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Latin America's Construction Pipeline Is Stalling
The Total Construction Pipeline in Latin America has 831 Projects/142,084 Rooms, down 5% by projects Year-Over-Year (YOY).There are 374 Projects/67,130 Rooms Under Construction, down 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 208 Projects/31,614 Rooms, up 23%, while those in Early Planning are at 249 Projects/43,340 Rooms, down 16% YOY.The top hotel companies in Latin America's Construction Pipeline by projects are: AccorHotels with 136 Projects/19,729 Rooms, Marriott International with 99 Projects/16,054 Rooms and Hilton Worldwide with 70 Projects/11,076 Rooms. The largest brands in the Pipeline for each of these companies are: Accor's Ibis with 54 Projects/7,158 Rooms, Hilton Garden Inn with 21 Projects/3,080 Rooms and Courtyard by Marriott with 14 Projects/2,037 Rooms.The top countries in the Latin America Construction Pipeline are: Brazil with 274 Projects/45,670 Rooms, Mexico with 186 Projects/32,950 Rooms, and Colombia with 68 Projects/10,600 Rooms. Cities in Latin America with the largest pipelines are: Lima, Peru with 31 Projects/4,988 Rooms, Sao Paulo, Brazil with 26 Projects/4,718 Rooms and Campinas, Brazil with 20 Projects/3,741 Rooms.

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Morocco's Project Pipeline has a promising future [INFOGRAPHIC]
Morocco is a classic travel destination. Cities like Casablanca and Marrakech have attracted visitors from across the globe for decades, if not longer. Casablanca has even been immortalized by an all-time great Hollywood film of the same name.

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2018's top 5 hottest UK hotel openings
2018 looks set to be a big year for the UK hospitality industry, with a wealth of new hotels opening throughout the year. We check out some of the hottest hotel openings over the next 12 months across the United Kingdom.

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Projects In Canada's Pipeline Are Up 17%
According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 244 Projects/32,170 Rooms, up 17% by projects Year-Over-Year (YOY).There are 87 Projects/11,286 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 91 Projects/10,536 Rooms, up 15%, while those in Early Planning are at 66 Projects/10,348 Rooms, up 18%.The top hotel companies in Canada's Construction Pipeline by projects are: Marriott with 54 Projects/7,764 Rooms, InterContinental Hotels Group (IHG) with 43 Projects/4,436 Rooms, and Hilton with 37 Projects/4,218 Rooms. The largest brands in the Pipeline for each of these companies are: Courtyard by Marriott with 110 Projects/1,597 Rooms, IHG's Holiday Inn Express with 30 Projects/3,129 Rooms and Hilton's Hampton Inn & Suites with 12 Projects/1,231 Rooms.Cities in Canada with the largest pipelines are: Toronto with 36 Projects/5144 Rooms, Calgary with 14 Projects/2,221 Rooms and Edmonton with 12 Projects/1,825 Rooms.

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Mid-market Brands Led Hotel Sales Volume In 2017
According to the recent U.S. Transaction Trend Report from Lodging Econometrics (LE), major mid-market brands with a price reported into the public domain led the U.S. in hotel sales volume in 2017.The Hilton brands with most hotel sales by price were Hilton Garden Inn with an Average Selling Price Per Room (ASPR) of $193,732 for 16 hotels, Homewood Suites with an ASPR of $189,342 for 13 hotels and Hampton Inn & Suites with an ASPR of $114,383 for 29 hotels.The Marriott brands with the most hotels sold in 2017 were Residence Inn with an ASPR of $152,672 for 31 assets, Courtyard with an ASPR of $146,981 for 45 hotels, and Fairfield Inn with an ASPR of $113,751 for 17 hotels. For IHG, the top selling brands were Holiday Inn with an ASPR of $110,568 for 12 hotels and Holiday Inn Express at an ASPR of $88,121 for 34 hotelsIncluding all chain scales and brands in their portfolio, Marriott had the most hotel sales in 2017 with 167 assets sold, followed by Hilton with 89 hotels and IHG with 67.

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STR's Central/South America hotel supply development update
The Central/South America room construction total represented a 10.5% decrease compared with January 2017.

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STR's Caribbean/Mexico hotel supply development update
The Caribbean/Mexico room construction total represented a 67.8% increase compared with January 2017.

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Adelaide scores best hotel performance during The Ashes
Adelaide reported the highest hotel performance levels among the five Australian markets to host The Ashes cricket series from November 2017 to January 2018, according to an analysis by STR.From 1-5 December, occupancy in Adelaide hit 96.2%, while average daily rate (ADR) jumped to AUD306.54. As a result, revenue per available room during the match played at Adelaide Oval reached AUD294.87. Each of those absolute values were higher than those recorded during the England vs. Australia tests in Brisbane, Perth, Melbourne and Sydney. \"Adelaide hosting the annual day-night test in recent years has boosted performance compared with prior day tests, and the inaugural England and Australia day-night match was a real stand out,\" said Matthew Burke, STR's regional manager for the Pacific.Year-over-year percentage changes were highest in Adelaide as well. Occupancy rose 28.1% compared with the same days in 2016, and ADR rose a staggering 115.1%. That led to a 175.5% spike in RevPAR. The second-highest occupancy increase was seen in Perth, while Brisbane recorded the second-best increase in ADR. The lowest overall impact was reported in Sydney. \"The lower performance in Sydney perhaps was reflective of a long summer campaign for the English Barmy Army supporters, who may have grown battle-weary with the series decided,\" Burke said.

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STR's U.S. hotel supply development update
The U.S. room construction total represented a 1.6% decrease compared with January 2017. Building on STR's report last month, the number of hotel rooms under construction in the U.S. has declined or remained flat year over year for four consecutive months.

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STR's Middle East and Africa hotel supply development update
The Middle East room construction total represented a 22.4% increase compared with January 2017. The Africa room construction total represented a 13.8% decrease compared with January 2017.

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STR's Asia Pacific hotel supply development update
The Asia Pacific room construction total represented an 8.8% increase compared with January 2017.

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Whitebridge EMEA Hotels Monitor - Issue 21
The second half of 2017 was positively dull by comparison to the previous 18 months and the hotel markets of Europe have benefited enormously. In fact, as Robin Rossmann of STR highlighted during our 13th annual New Year Hotel Investment Summit, Europe as a whole recorded the highest growth in RevPAR of any region in the world (+6.4% on a Constant Currency basis). Roll on the ensuing development pipeline, which has lagged behind demand in Europe for many years now

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Markets With Largest Volume Of Hotels Sold Through 2017
According to analysts at Lodging Econometrics (LE), through the end of 2017 the markets with the largest number of hotels with selling prices reported into the public domain were: Orlando with 21 hotels and an Average Selling Price Per Room (ASPR) of $96,402, followed by two markets with 19 hotels sold, New York with an ASPR of $426,443 and Washington DC with $260,681. The next three markets with 15 hotels sold each were: Seattle with an ASPR of $236,958, Phoenix with $205,265 and Atlanta with $136,321.

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Can South Korea sustain a surge in tourism from the PyeongChang 2018 Winter Olympics? Asks GlobalData
The Winter Olympics and the Olympic Games are two of the world's biggest sporting events and consequently attract large spectator and huge audience numbers from all over the globe. Airlines and hotels benefit from increased tourist flows both international and domestic to the city where the Games are held, and so the city of PyeongChang can expect more demand and hence higher prices.

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STR: U.S. hotel results for week ending 3 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 28 January through 3 February 2018, according to data from STR. In comparison with the week of 29 January through 4 February 2017, the industry recorded the following:

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HVS Hotel Bulletin Q4 2017 | By Russell Kett
AlixPartners, AM:PM and HVS have published the Q3 2017 Hotel Bulletin. The Hotel Bulletin analyses demand, supply, pipeline and transactions in the hotel market in 12 UK cities. Includes a focus on UK performance over the last five years.

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Spanish Hotel Market Sees Growth in Supply [INFOGRAPHIC]
A surge in hotel supply has overtaken the Spanish hospitality market, boosting the number of projects in Spain's pipeline.

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CBRE Issues U.S. Lodging And 2018-2019 Historic Hotels Forecast At Historic Hotels Of America Annual Conference
The outlook for the U.S. lodging industry, particularly historic hotels, continues to be extremely strong, according to CBRE Hotels' Americas Research (CBRE).

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Vietnam is booming: 1,3 Million arrivals in December [INFOGRAPHIC]
The Asia-Pacific tourism region is the hottest on the planet right now. As such, it boasts a number of countries with booming project pipelines, including Vietnam. In the past decade the country's hospitality prospects have undergone a rejuvenation, largely fueled by an influx of foreign visitors.

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Supply-Induced Hotel Demand in Portland, Maine: A Case Study | By Erich Baum
Portland, Maine, is the northernmost outpost of the Atlantic Seaboard, host to a six-month winter and minor league hockey. A small, third-tier city, with steady but slow economic growth, Portland's downtown hotel inventory recently grew from five to ten properties over a six-year period. Why did developers and loan underwriters think there was enough demand potential to support approximately 1,000 new rooms, a 127% increase? Because it could, evidently. Credit goes to induced demand.

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Market Pulse: San Diego, CA | By Patrick S. Bursey & Aaron Solaimani
Downtown San Diego is considered the heart of San Diego County, and given its excellent accessibility attributes, there are a variety of options for travel in and around the city. Three of the county's nine major freeways flow through the city, Downtown is located only two miles southeast of the airport, and there are several ridesharing and public transportation options that can easily connect tourists to the area's primary sources of lodging demand. San Diego benefits from a diverse mix of demand generated by local corporations, government entities, meeting and group business, and leisure-related activity. Compression resulting from large conventions held at the San Diego Convention Center produces a significant number of room nights in the market on an annual basis. Furthermore, the Little Italy and the Gaslamp Quarter neighborhoods are home to an array of restaurants, bars, nightclubs, and other tourist-oriented businesses that attract leisure guests and serve as amenities to convention attendees. Popular leisure attractions throughout the area continue to attract strong fly-in and drive-in demand. The local economy continues to expand, with tech start-ups, residential development, increases in military spending, and record high levels of visitation. One of the most up-and-coming areas of the city is its East Village neighborhood. The downtown San Diego area can be divided into eight neighborhoods: Columbia, Core, Cortez Hill, East Village, Gaslamp Quarter, Horton Plaza, Little Italy, and the Marina District. Each neighborhood contains a unique mix of cultural and distinct demand generators, which, to some extent, may preclude the hotels from competing for the same business. Downtown San Diego's primary economic districts are the Core (office space), Horton Plaza (shopping), Gaslamp Quarter (restaurants and entertainment), and Marina (waterfront and convention center). Many residential, retail, office, and other commercial developments are occurring in the marke

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Horwath HTL Market Report: India
The India Hotel Review Report 2017 is a collaboration between Horwath HTL and STR.In this report we examine Occupancy, Average Daily Rate and Revenue Per Available Room for several key markets. Besides assessing the performance of 13 major markets which account for almost 70% of India's branded inventory, this year we have taken a dipstick on the performance of newer markets across the country. 2017 will be associated with two defining events the liquor ban for bars located 500m from highways and GST.

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Horwath HTL Market Report: Bali
Bali's Mt. Agung's awakening in October last year created doomsday global news headlines. In what had been up to that point, a record setting year, suddenly had hoteliers scrambling to fill rooms and going into damage control.

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Market Report: Madrid, Spain
2017 has ended as a year of consolidation for Madrid, improving on the results of 2016, which was itself an outstanding year in terms of tourism performance.

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Horwath HTL Market Report: Cape Verde
With its long sandy beaches and its rich natural, cultural and historical heritage, as well as its strategic location at the crossroads of Europe, Africa and South America, Cape Verde benefits from a strong tourism potential, reports the Horwath HTL West & Central Africa team. The Cape Verdean tourism sector is currently becoming increasingly structured, driven by the arrival of international hotel groups and tour operators. Sal and Boa Vista are currently positioned as the country's main destinations. However, Santiago and Sao Vincente's growing influences are led by the diversification of hotel offerings and consequently the diversification of targeted clientele. New development opportunities are thus emerging in the country as investors and operators gain interest in the destination.

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China Expecting A Record-breaking Spring Festival | tourism-review.com
Chinese people are preparing for the upcoming Spring Festival or the Chinese New Year. It is expected that many will be on the move, as the current economic trend favors travelling. According to Ctrip, a Chinese travel agency, approximately 6.5 million Chinese tourists are going to travel abroad during the holidays.

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What Operators Must Know About African Hotel Construction
The African continent brims with new hotel investments and developments. For many years, obstacles such as infrastructure and workforce prevented a boom in tourism in the industry. Hotel owners and operators, however, are now making up for lost time.

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STR analyzes NFL relocation impact on hotel markets
San Diego's hotel market was the one most affected by the three NFL franchise relocations of the last two years, according to an analysis by STR's, Consulting & Analytics team. \"Determining the relocation impact, whether it be positive or negative, on San Diego, Los Angeles and St. Louis is difficult because these are all major markets with a lot of performance variables from year to year,\" said Raquel Ortiz, STR's senior analytics manager. \"However, even though we can't attribute percentage changes strictly to the Chargers' move to L.A., we can say that the San Diego market was the most affected by NFL relocation.\" When comparing the night before and night of 2016 home regular season games with the same days in 2017, San Diego reported an 8.9% decrease in occupancy and a 7.1% drop in average daily rate (ADR). That resulted in a 15.4% decline in revenue per available room (RevPAR). When excluding the final home game of 2016, which fell on New Year's weekend, the overall RevPAR decline year over year was 19.5%. \"What makes the San Diego analysis a bit complex is the fact that the market's weekend was in general down in 2017,\" Ortiz said. \"The average RevPAR for all weekends in 2016 was $131, but that dropped to $127 this past year.\"

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STR: U.S. hotel results for week ending 27 January
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 21-27 January 2018, according to data from STR. In comparison with the week of 22-28 January 2017, the industry recorded the following:

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Greek Hospitality Industry Performance
This article 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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Upper Midscale And Upscale Projects Lead The U.S. Construction Pipeline
Analysts at Lodging Econometrics (LE) report that the Upper Midscale category stands at 2,129 Projects/211,724 Rooms, and has the largest project count of all chain scales in the Total U.S. Construction Pipeline. The second largest is the Upscale category which has 1,339 Projects/172,723 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 67% of all projects in the Total Pipeline.The brands with the largest number of projects in Upper Midscale are: IHG's Holiday Inn Express with 444 Projects/41,343 Rooms; Hilton's Home2 Suites 355 Projects/37,188 Rooms and Hampton Inn & Suites with 314 Projects/32,386 Rooms, and Marriott's Fairfield Inn with 303 Projects/29,051 Rooms.In Upscale, the top brands are: Marriott's Residence Inn with 199 Projects/24,680 Rooms, and SpringHill Suites with 174 Projects/19,931 Rooms followed by Courtyard by Marriott with 139 Projects/18,000 Rooms and Hilton Garden Inn with 134 Projects/17,616 Rooms.

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The Top 5 Hotels in Australia's Project Pipeline [INFOGRAPHIC]
Australia has undergone a hospitality renaissance lately. Simply put, the tourism business on the island is booming, and because of this there are now a number of exciting hotel projects in the country's project pipeline.

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Africa: The Land of Opportunity | By Sofie Otto & Tim P. Smith
2017 was full of triumphs and disappointments on the African continent. Some countries that had a positive outlook at the beginning, turned into the problem children of Africa and countries that seemed hopeless in the beginning, surprised us in the end. This article provides a brief summary of some of the most significant events of 2017 and commentary on how 2018 may evolve in the fast-developing world that is Africa. Trump's remarks have shown the need for Africans to independently take responsibility for their actions, resolve issues, help each other and above all, not rely on others who do not truly understand the continent. There were plenty of examples of just that last year:

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STR: Caribbean 2017 hotel performance
The Caribbean hotel industry reported mixed year-over-year results in the three key performance metrics during 2017, according to data from STR. Compared with 2016:

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Horwath HTL Market Report: Bangkok Hotel & Hotel Residences
Move over London and New York, here comes the emerging world-class megacity, Bangkok. In five short years, the electric metro across Greater Bangkok will reach a length of 464 kilometers. This will surpass London's 402 km Tube network and New York City's subway, which is 380 km. The great promise of the East, has now become the new West. Important to the success of Bangkok being a world class city, will be the access to the three international interconnected airports: Suvarnabhumi, Don Mueang and U-Tapao. This latest report by Horwath HTL Thailand and C9 Hotelworks provides great insight into new luxury hotel and hotel residence developments that truly raise the evolving city skyline.

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Top Franchise Companies In The U.S. Construction Pipeline
According to the recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest construction pipelines are; Marriott with 1,410 Projects/180,647 Rooms, Hilton with 1,287 Projects/144,958 Rooms and IHG with 831 Projects/84,865 Rooms. These 3 franchise companies comprise 69% of all projects in the Total Pipeline.The largest brands for each of these companies are: Marriott's Fairfield Inn with 303 Projects/29,051 Rooms and TownePlace Suites with 208 Projects/21,299 Rooms; Hilton's Home2 Suites with 355 Projects/37,188 Rooms and Hampton Inn & Suites with 314 Projects/32,386 Rooms; and IHG's Holiday Inn Express with 444 Projects/41,343 Rooms and Staybridge Suites with 135 Projects/14,124 Rooms.By the close of 2018, Marriott is forecasted to open 351 Projects/43,587 Rooms, Hilton is set to open 294 projects/32,192 Rooms and IHG expects 174 Projects/17,982 Rooms to open. Marriott also leads in new openings for 2019 with 362 Projects/44,624 Rooms, IHG is anticipating 272 Projects/26,983 Rooms and Hilton expects 253 Projects/28,584 Rooms to open next year.

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December 2017: Occupancy Uplift Drives Profit Growth at Hotels in the Middle East & Africa
An uplift in room occupancy levels helped drive growth in revenue and profit for hotels in the Middle East and Africa this month, and marked a positive end to a year of mixed results for the region, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: U.S. hotel results for week ending 20 January
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 14-20 January 2018, according to data from STR. In comparison with the week of 15-21 January 2017, the industry recorded the following:

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Weakest Month Yields Strongest GOPPAR Growth for Hotels in the U.S.
Despite recording one of the lowest GOPPAR levels of 2017, as demand from the commercial segment fell away during the holidays, hotels in the U.S. achieved one of the strongest year-on-year increases in profit per room this month, according to the latest worldwide poll of full-service hotels from HotStats. While RevPAR at hotels in the U.S. increased by 3.4 percent in December, to $128.29, which was due to a year-on-year increase in both room occupancy (+1.0 percentage points) and achieved average room rate (+1.0 percent) to $194.78, it was the lowest level recorded in 2017. In addition to the growth in roo ms revenue, increases across other non-rooms departments in December, which included 1.2 percent increase in food and beverage revenue, enabled hotels in the U.S. to maintain TrevPAR growth at 3.4 percent for the month to $216.99. However, the market mix for the month had a very different shape to it, as group and individual leisure demand grew to 27 percent of accommodated roomnights, against the corporate and residential conference segments, which cumulatively fell to 29.4 percent of total demand.

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December 2017: Positive Year Ends with Profit Drop at UK Hotels
December was a lacklustre end to a positive year for hotels in the UK, as a decline was recorded across all key metrics, including profit, according to the latest worldwide poll of full-service hotels from HotStats.

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Impact of Countervailing Forces on Hotel Values and Cap Rates | By Suzanne R. Mellen
After more than five years of relative stability, new factors are at play in the hotel investment market that will affect hotel capitalization rates and values in a changing economic landscape. Hotel sales transaction activity declined in 2017, while cap rates continued to rise modestly, and hotel values held stable. The outlook for 2018, while uncertain because of the changing political and economic landscape, is more positive than a year ago due to the tax reform's favorable treatment of commercial real estate and a more optimistic business environment. This article presents recent trends and a sensitivity analysis illustrating the potential impact of these forces.

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Market Pulse: Downtown Los Angeles | By Greg Mendell & Jessica White
Downtown Los Angeles (DTLA), the Central Business District of the city of Los Angeles, covers the area bounded by Interstate 110, Interstate 10, and the Los Angeles River. In the last two decades, attractions like the Staples Center, Walt Disney Concert Hall, and the $3-billion L.A. LIVE entertainment complex have helped reestablish DTLA as a popular destination. In recent years, several multi-unit residential and commercial developments have changed the landscape significantly. The mixed-use Metropolis project (now under construction), the redevelopment of the BLOC retail center, and the addition of the Broad Museum are just a few projects that have advanced DTLA's renaissance in recent years.

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

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STR: Europe 2017 hotel performance
Europe's hotel industry posted solid growth across the three key performance metrics during 2017, according to data from STR.Euro constant currency, 2017 vs. 2016Europe

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

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

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Lodging Market Overview: Lanseria International Airport Area, Gauteng Province, South Africa
The OR Tambo International Airport (ORTIA) is still by far the largest airport in South Africa, and regional airports such as Lanseria Airport (HLA) benefit greatly with feeder markets from international arrivals. Flights into HLA are convenient for most passengers due to its size which facilitates fast turnarounds, ample parking and access to major highways.

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PWC: Hospitality Directions US - updated lodging outlook
Less than a month into 2018, the eight-year growth cycle in the lodging industry lumbers on. While RevPAR performance in the third quarter of 2017 appeared to take a breather, the combined impacts of improving economic fundamentals and the regional increase in performance associated with the aftermath of Hurricanes Harvey and Irma resulted in a stronger fourth quarter, driving home a solid finish for the year. Going forward, the Tax Cuts and Jobs Act is reportedly providing a boost in business and consumer sentiment, and is expected to contribute to GDP growth in 2018.

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2018 Travel and Hospitality Industry Outlook
Travel and tourism now account for more than one-tenth of global GDP. What trends can help hospitality and travel companies harness even more growth?

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Horwath HTL Market Report: The Netherlands Serviced Apartments Market
The market for serviced apartments is the fastest growing segment of the hospitality industry in the Netherlands, as shown in a new market report by Horwath HTL. The number of branded serviced apartments providers has increased exponentially over the last three years. Stimulated by the increase of supply, the demand has also increased. As a result, occupancies and average room rates for serviced apartments continue to rise. On January 24th, Horwath HTL Netherlands Director, Ewout Hoogendoorn, is hosting a panel on the 'have invested' v the 'have not invested' and 'what's hot' and 'what's not' at the Serviced Apartment Summit Europe: Recharge 2018 at Zoku Amsterdam.

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STR: Tourism Economics forecast two more record-breaking years for U.S. hotels
The U.S. hotel industry is projected to post record-breaking performance levels through 2019, according to STR and Tourism Economics'initial forecast of 2018 released this week at the Americas Lodging Investment Summit (ALIS). \"After another record year in 2017, we're looking at continued growth in 2018 fueled by strong underlying economic indicators and upgraded GDP forecasts,\" said Carter Wilson, STR's VP of consulting & analytics. \"Coupled with moderating supply growth and a slight uptick in pricing power, the industry should see record fundamentals through 2019.\"

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Middle East & North Africa tourism consolidates recovery
International tourism in the Middle East and North Africa showed clear signs of recovery in 2017 with growths of 5% and 13%, respectively. Against this backdrop, tourism ministers, Spanish authorities and private sector gathered to discuss future tourism prospects at the Ministerial Round Table on Tourism Development in the MENA Region, during the Madrid International Tourism Fair in Spain (18 January, FITUR Madrid).

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Vietnam Works On 16 Million Foreign Tourists In 2018 | tourism-review.com
In 2017, Vietnam received 73 million domestic visitors and nearly 13 million foreign tourists, an increase of nearly 30% on year-on-year basis, with a turnover of approximately 510,000 billion dongs (EUR 18.3 billion). An unprecedented rise. \"Welcoming nearly 13 million foreign tourists in Vietnam in 2017 and a three million year-over-year increase is a new record in Vietnam's tourism sector,\" said Nguyen Van Tuan, head of the National Tourism Administration. According to him, 2017 was the first year of implementation of the Political Bureau's resolution No. 08-NQ / TW to make tourism a leading economic sector. 2017 was also an important milestone in achieving the resolution's target of 17 to 20 million foreign tourists by 2020.

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Knowledge Center STR: U.S. hotel industry posts record year in 2017
The U.S. hotel industry registered record-breaking performance levels during 2017, according to data from STR. Compared with 2016:

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62 million: No. of international arrivals in Africa in 2017
Africa reached a record 62 million international arrivals in 2017, translating to a growth of 8%. Arrivals in Sub-Saharan Africa increased by 5% while North Africa enjoyed a strong recovery with a 13% growth in arrivals. The continental growth supersedes that of the international number, which stood at 7% in 2017 to reach 1,322 million. This is according to the latest UNWTO World Tourism Barometer, which goes on categorize the tourism sector as a key driver in economic development.

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

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STR: U.S. hotel results for week ending 13 January
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 7-13 January 2018, according to data from STR. In comparison with the week of 8-14 January 2017, the industry recorded the following:

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CBRE January 2018 Lodging Insights
Mark Woodworth and Jack Corgel discuss the changing profile of U.S. travelers, and how that has impacted lodging demand.

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Horwath HTL: Kuala Lumpur: Hotel & Hotel Residences Market Update
Kuala Lumpur's Urban Push Attracting Luxury Hotel Brands. An expanding urban city skyline is the subject of the new Kuala Lumpur Hotel & Hotel Residences Update by Horwath HTL and C9 Hotelworks. With Malaysia forecasting 28 million visitors in 2018, the county's economic growth is on an upward trajectory bolstered by strong exports and rising domestic spending.

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2017 International Tourism Results: The Highest In Seven Years
International tourist arrivals grew by a remarkable 7% in 2017 to reach a total of 1,322 million, according to the latest UNWTO World Tourism Barometer. This strong momentum is expected to continue in 2018 at a rate of 4%-5%.

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Promising Future For Tourism In Europe In 2018 | tourism-review.com
After rather promising numbers in 2017, 2018 appears to be even more fruitful for the continent, according to tourist offices surveyed by Tour Hebdo. The United Kingdom even expects to break all of its records, exceeding for the first time the 40 million international visitors' limit, to reach 41.7 million visitors, with an increase of 4.4% in contrast to 2017. Croatia seems to be reaching for its historical record. The minister of tourism says that the country should host 20 million international visitors in 2018, in comparison to nearly 18.5 million last year, including 540 000 French arrivals. The Croatian administration announces the opening of 40 new hotels this year, which further expands the hotel capacity of the country.

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PwC: Global economic growth in 2018 on track to be fastest since 2011
The global economy is set to grow by almost 4% in 2018 in purchasing power parity (PPP) terms, adding an extra $5 trillion to global output at current values, according to new projections in PwC's Global Economy Watch.

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STR: U.S. hotel room construction on the decline
The number of hotel rooms under construction in the U.S. has declined or remained flat year over year for the three consecutive months, according to pipeline data from STR. Overall, there were 179,979 rooms in construction across 1,400 hotels in December. The number of rooms represented a 3.7% decrease compared with the same month in 2016. That decline followed a flat November (+0.6%) and October (-0.1%), and was the largest year-over-year room construction decrease in the U.S. since September 2011 (-7.8%). \"We've seen three months in a row where construction numbers either decreased or remained flat, and we feel we can now call that a trend,\" said Jan Freitag, STR's senior VP of lodging insights. \"A construction decline obviously bodes well for the current industry cycle. It appears that financing is becoming harder to obtain, and if demand growth holds, occupancy will not deteriorate as quickly or as much as anticipated.\"

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STR: U.S. hotel results for week ending 6 January
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 31 December 2017 through 6 January 2018, according to data from STR. In comparison with the week of 1-6 January 2017, the industry recorded the following:

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

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

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

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

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STR: Preliminary December data for London hotels
STR's preliminary December 2018 data for London, England, indicates occupancy-driven performance declines. Based on daily data from December, London reported the following in year-over-year comparisons:

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

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HotStats MENA Chain Hotels Market Review - November 2017
Despite successfully recording growth across a number of revenue departments this month, hotels in the Middle East and Africa suffered a 1.8% year-on-year drop in GOPPAR, which was primarily as a result of weakening achieved average room rate, according to the latest worldwide poll of full-service hotels from HotStats.

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Hotel investments in MENA to hit record high in 2018
The Arabian Hotel Investment Conference 2018 (AHIC) is forecasting significant opportunities for hotel investors targeting the Middle East in light of new data from MEED Projects, which predicts that more than US$14bn worth of hotel construction contracts will be awarded in 2018.

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Philippines Modest Project Pipeline Shows Reasons to be Optimistic [INFOGRAPHIC]
While the Philippines has so far avoided the bombastic growth that has swept through the rest of the Asia Pacific region, elevating China into arguably the biggest hospitality market in the world while also bolstering the statuses of Australia, New Zealand, Indonesia and Japan, among others, the island nation has recently begun to show signs of life.

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STR: U.S. hotel results for week ending 30 December
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 24-30 December 2017, according to data from STR. In comparison with the week of 25-31 December 2016, the industry recorded the following:

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November 2017: Profit Grows at U.S. Hotels Despite Cost Creep
Hotels in the U.S. recorded a 5.3 percent increase in GOPPAR in November, which was in spite of an uplift in costs, which included a 9.5 percent increase in labor costs on a per available room basis, according to the latest worldwide poll of full-service hotels from HotStats.

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November 2017: Revenue Rise Fails to Deliver GOPPAR Growth at UK Hotels
Despite recording a 0.6% increase in Total Revenue in November, profit per room at hotels in the UK fell by 1.1% due to escalating costs, according to the latest worldwide poll of full-service hotels from HotStats.

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Market Pulse: Seattle, WA | By Kirsten Z. Smiley
My, oh, my! The famous catchphrase coined by Seattle Mariners' longtime sportscaster, Dave Niehaus, is ever so fitting as we look at how Seattle has changed over the last ten years. Seattle enjoys a diverse economy rooted in manufacturing, biotechnology, high technology, telecommunications, health care, and tourism. Metro Seattle, especially Downtown Seattle and Bellevue, is experiencing a period of exponential growth anchored by tech giants, such as Amazon, Microsoft, Google, and Expedia. The area is also home to several Fortune 500 companies, such as Boeing, Costco, PACCAR, Weyerhaeuser, Starbucks, and Nordstrom. Moreover, other key employers in the area, such as the University of Washington, Bill & Melinda Gates Foundation, and Fred Hutchinson Cancer Research Center, strongly influence the local and regional economies. Today, Seattle is among the fastest-growing cities in the U.S., and the commercial developments in the area have fueled unprecedented hotel demand growth, spurring new hotel construction throughout the market.

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Market Pulse: Fort Worth, TX | By Hunter Dietz & Kathleen D. Donahue
Anchoring the west end of the Dallas/Fort Worth Metroplex, Fort Worth features the old and the new. Also known as \"Cowtown,\" the cattle industry initially spurred economic development in the city. Today, glass and steel skyscrapers share the sidewalks of Downtown with renovated historic districts, such as the Fort Worth Stockyards National Historic District and Sundance Square.

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

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A Look at the Swiss Hotel Investment Market and the D-A-CH Region
At the recent TOPHOTELWORLDTOUR event held in Zurich, Switzerland, a pair of industry-leading consultants from Horwath HTL Heinz Wehrle and Christian Ott-Sessay gave an expert presentation loaded with industry insights, titled the Swiss Hotel Investment Market and a Glance at the D-A-CH Region.

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

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India's Hospitality Project Pipeline is Thriving as Industry Remains in Top 10 for Foreign Investments [INFOGRAPHIC]
The upcoming hotel project pipeline in India is thriving and robust, according to information from the TOPHOTELCONSTRUCTION database, which shows that in the coming years the country is currently slated to welcome 202 new hospitality projects that will feature a total of 35,755 rooms for guests.

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

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

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

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

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Africa continues to see gains in the global hospitality industry
As Africa continues to see gains in terms of its standing in the global hospitality industry, it is important for the savvy hotel owner and operator to know where the major project pipelines are as well as what has driven them to be more competitive than they have in many years.

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STR: Global hospitality trends
Central/South AmericaThis year to date, hotels in Rio de Janeiro have seen substantial performance declines, following an immense build-up in supply for the 2016 Summer Olympics. The September Rock in Rio music festival significantly boosted the market's performance, with a RevPAR (revenue per available room) premium of 279%, compared with the rest of the month. As the Colombian government's 2003-2017 tax-break incentive for hotel development draws to a close, the country has experienced an influx in new supply in recent years. Colombia's year-to-date performance actually shows encouraging signs, considering the recent supply expansion. Occupancy levels have been healthy, especially in Bogot, which has offset the decline in rates. The country's performance was strong in both 2015 and 2016, primarily driven by rate growth, so we may be seeing a bit of a levelling off. The country's June peace settlement with Farc rebels could help stimulate hotel demand in the long term.

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HVS Market Pulse: Center City Philadelphia | By Kim Lindell & Scott Killheffer
Philadelphia lays claim to many firsts in the U.S., including the first state capital, public library, hospital, stock exchange, and even the nation's first zoo. Today, revitalization efforts continue to fuel the city's engine of innovation, building on a base of airport, tourism, education, and convention demand drivers. Strong group demand in recent years, combined with rising levels of transient corporate and leisure travel, has boosted occupancy and average daily rate (ADR), especially within Philadelphia's Center City submarket.

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Market Pulse: Anaheim/Garden Grove | By Li Chen
The market is experiencing a period of economic strength and expansion, primarily led by the tourism and leisure industry and the presence of Disneyland and the Anaheim Convention Center, which continue to attract visitors and bolster lodging demand.

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Market Pulse: Detroit, MI | By Brandon Leversee
The Detroit metropolitan area has experienced significant economic growth in recent years, fueled by a strengthening auto industry as well as the continued diversification of the local employment landscape. The hotel sector is benefitting from existing employers expanding operations locally and new entrants to the market. The Big Three automakers continue to invest in the region, while companies like e-commerce giant Amazon.com Inc. are building large warehouse facilities. Revenue gains for hotels were accordingly robust during the 20102016 period. Revenue per available room (RevPAR) during that stretch grew nearly 71 percent, rising from a low of roughly $38 in 2009 at the depths of the Great Recession to over $64 by year-end 2016. Both the average daily rate (ADR) and occupancy have posted consistent gains since 2010. Moreover, hoteliers sold a record number of room nights in the city of Detroit in 2016, according to STR. Occupancy levels approached 70 percent by the end of 2016, with ADRs of nearly $150 in the central business district (CBD). The data for 2017 show a relatively stable occupancy level with robust gains in ADR. The record performance achieved in this expansionary period has spurred tremendous hotel development in the downtown core and suburbs.

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What You Need to Know About the Hospitality Industry in Germany
It's not a secret that the hospitality industry in Germany is booming. In fact, a recent exploration of the TOPHOTELPROJECTS database found out that of the 10 cities in Europe that have the most active hotel project pipelines, four of them are in Germany. That's almost half of the list.

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Tourism In Algeria: The Number Of Tourists To Double | tourism-review.com
Minister of tourism in Algeria announced his plan to substantially increase the number of tourists. 4.4 million international tourists are expected in Algeria by 2027, in contrast to 2.4 million today. The Minister of Tourism and Handicrafts, Hacene Mermouri, has been quoted by the Oxford Business Group (OBG), an international consulting firm, saying that 1,812 new hotel infrastructure projects have been approved by the Ministry. This series of projects is expected to increase the capacity to 240,000 beds, in contrast to the current 100,000, and create 99,000 jobs.

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

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The hospitality sector in Athens over the years | By Elena Izyumova
Tourism is booming in Greece. According to the World Tourism and Travel Council, the number of international tourist arrivals has grown more than 1.5 times in the past seven years. Euromonitor International has included Athens in the top three tourist destinations in European, and the number of tourists is growing faster than anywhere else. According to analysts, the number of tourist arrivals will grow by another 10% in 2017.

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25th World Travel Monitor Forum in Pisa: International travel industry needs new strategies to manage overtourism'
Mass tourism hits quality of visitor experiences Not only cities overcrowded New solutions needed to manage global tourism growth ITB Berlin exclusively publishes World Travel Monitor Forum results

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Southern and Mediterranean Europe, North Africa and the Middle East drive tourism growth through October 2017
Destinations around the world welcomed 1.1 billion international tourists between January and October 2017, according to the latest UNWTO World Tourism Barometer. This represents a 7% increase on the same period of last year, or 70 million more international arrivals. Strong demand for international tourism across world regions reflects the global economic upswing.

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STR: Preliminary November data for London hotels
STR's preliminary November 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 November, London reported the following in year-over-year comparisons:

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STR: Preliminary November data for Berlin hotels
STR's preliminary November 2017 data for Berlin, Germany, indicates solid performance levels even with year-over-year declines. Based on daily data from November, Berlin reported the following in year-over-year comparisons:

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STR: Preliminary November data for Jeddah hotels
STR's preliminary November 2017 data for hotels in Jeddah, Saudi Arabia, indicates significant supply growth and steep performance declines.Based on daily data from November, Jeddah reported the following in year-over-year comparisons:

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

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

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

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Africa gets to grips with the effects of Airbnb
Accommodation sharing giant Airbnb is taking off in Africa. Its rapid growth into a market that has little precedent for such a service is starting to show up some problems that countries, markets and industries already familiar with the home-sharing website have been grappling with for quite some time. As the hospitality market on the African continent grows due to economic prosperity and increased travel to the area, Africa has seen a new influx of millennial travelers who are often responsible for generating the demand for sharing accommodations such as Airbnb. As a result of Africa's new popularity, the region has become one of the fastest-growing areas for Airbnb. Airbnb reports 100,000 listings that have provided lodgings for more than 2 million travelers in just five years. Spurred on by these encouraging statistics, Airbnb has also pledged an investment of $1 million into grassroots tourism projects over the next year.

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Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Lodging Econometrics' (LE) Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world, states that the Total Pipeline stands at 12,427 Projects/2,084,940 Rooms, up 8% by projects Year-Over-Year (YOY).

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Air Berlin bankruptcy hits Berlin hotel industry hard
Berlin hotel revenues for November 2017 decreased significantly compared to the previous year. Current figures from the Fairmas Benchmarking prove the negative impact of the discontinued flight operations of Air Berlin on the capital's hotel industry.

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Insights Shared For the Lodging And Restaurant Industry In EMEA And Asia-Pac
With just weeks left in the 2017 calendar year, AETHOS Consulting Group in London, New York and Los Angeles 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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Prognoses For 2018 Lodging And Restaurant Sectors in The US
With just weeks left in the 2017 calendar year, AETHOS Consulting Group in New York, Los Angeles and London have gathered their thoughts and boldly share their predictions, concerns and issues for the coming year. 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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New York City leads the US Project Pipeline
The larger narrative that has been guiding the hospitality industry for many years is right away evident when one looks at the TOPHOTELCONSTRUCTION database's information about the top markets for hotel growth in that country, specifically looking at the top 10 cities where hotel construction is booming.

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STR: U.S. hotel results for week ending 2 December
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 November through 2 December 2017, according to data from STR. In comparison with the week of 27 November through 3 December 2016, the industry recorded the following:

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Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,798 Projects/364,579 Rooms, up 15% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE).

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How Africa's hotel market is entering a new chapter
Africa's maturing hotel sector is no longer all about the luxury properties catering for high-end travelers. A new wave of domestic visitors and the continued growth of international tourism are fueling demand for mid-market options, along with niche segments like serviced apartments, in the continent's bustling centers such as Lagos, Nairobi, and Johannesburg.

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Horwath HTL Special Market Report: Switzerland
In 2015, the Swiss Tourism Office started promoting the 'Grand Tour of Switzerland'. Some people called it the 'Route 66' of Switzerland. It's a 1,600 km long route that connects 44 major sights and attractions of this rather small country.

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HVS Market Pulse: Lubbock, Texas | By Hunter Dietz
Lubbock (aka \"Hub City\"), Texas, connects business, educational, and healthcare enterprises spread across the region known as the South Plains. This region encompasses the largest contiguous cotton-growing operations in the U.S., and agriculture, manufacturing, and technology are pillars of the local and regional economies. Economic growth in Lubbock has boomed over the past several years, and through a varied cross-section of industries, the city's Downtown is poised for a major revitalization.

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Market Pulse: Tampa, FL | By Mallory B. Hall & Jeffrey D. Pennington
Tampa's warm weather and relatively inexpensive cost of living are just a couple of the reasons people and companies are relocating to the Tampa Bay area from far and wide. Continued investment by both the public and private sectors is anticipated to set the stage for continued growth. These factors, among others, are driving hotel demand and room-night production, which is leading to an increase in new hotel developments.

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Latin America's Construction Pipeline is Stalling, Down 4% by Projects YOY
The Total Construction Pipeline in Latin America has 855 Projects/146,307 Rooms, down 4% by projects Year-Over-Year (YOY).

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Macau Tourism To Welcome 40 Million Visitors In 2025 | tourism-review.com
HOME Weekly Travel News MACAU TOURISM TO WELCOME 40 MILLION VISITORS IN 2025 MACAU TOURISM TO WELCOME 40 MILLION VISITORS IN 2025Richard Moor - Dec 4, 2017 0 Asia & Pacific - Macau - Travel & Tourism Industry News Travel, tourism & hospitality industry coverage news Macau may receive up to 40 million visitors in 2025, which represents an increase of almost 30% compared to last year, as announced by the Macau tourism authorities during the presentation of the Tourism Industry Development Master Plan. Macau, with its mere 30 square kilometers of area, a population estimated at 648.4 thousand residents and as the only place in all of China where gambling is allowed, received 30.9 million visitors in 2016, most of them coming from mainland China.

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Portugal: Tourism Sector Expected To Grow Thanks To Luxury Hotels | tourism-review.com
A recent study on the tourism sector in Portugal revealed that the industry is likely to grow in the area of luxury hospitality and several niche products like nature, surf, sun, beach, and culture. The regions with positive outlook with respect to tourism include Algarve, Lisbon, Porto and Madeira. The study was published by Cushman & Wakefield in response to the increasing interest of real estate investors in the Portuguese tourism sector. The report Hospitality Market in Portugal 2017 talks about a booming hotel sector in the country, marked by an excellent performance of hotels and by the ever increasing tourist indicators registered year after year, since 2010.

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Tourism's prominence grows, as African governments position the sector in their agenda | By Josephine Wawira
The tourism sector in Africa, which according to UNWTO saw an 8% increase in international arrivals in 2016, is progressively becoming prominent largely due to the increased commitment from governments. Possessing massive potential to foster positive change and transformation, it is timely that most heads of states and governments are seeing the urgency to prioritize the sector now directly accounting for 10.2% of the world's GDP (US$2.3 trillion).

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STR: U.S. hotel results for week ending 25 November
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 November 2017, according to data from STR. In comparison with the week of 20-26 November 2016, the industry recorded the following:

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25th World Travel Monitor Forum in Pisa: Steady growth for Asian outbound travel in 2017
5 percent growth in Asian outbound trips More beach holidays and city trips Recovery in travel to Europe ITB Berlin exclusively publishes latest results from IPK's World Travel Monitor

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The HVS Quarterly Macau Update | By Christy Tung & Daniel J Voellm
The past two years have been a difficult period for Macau since the Chinese President Xi Jingping announced a campaign to crackdown corruption and government official's lavish spending, triggering significant slumps in visitor arrivals and revenue growth in the tourism and gaming sectors in Macau. After two years as of 2017, Macau's resilience has been demonstrated through the growing visitor arrivals, hotel performance, and casino revenue, even after the detrimental Typhoon Hato.

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The HVS Quarterly Hong Kong Update | By Christy Tung & Daniel J Voellm
The third quarter of 2017 recorded the highest number of mainland Chinese arrivals since the same period in 2015, which bodes well for Hong Kong tourism. Safety concerns towards other destinations in the region and fewer headline-making news about Hong Kong are the key contributors to the increase in visitor arrivals from mainland China. Thus, the tourism and the retail sectors in Hong Kong enjoyed a steady recovery after a slump in mainland arrivals in 2016.

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HVS Market Pulse: Galveston, Texas | By J. Carter Allen
A weak energy sector has led to negative lodging fundamentals throughout much of the greater Houston region; however, one destination continues to illustrate its resilience. Galveston Island has realized year-over-year growth in total visitation in each of the past seven years following Hurricane Ike. While the rate of growth has slowed in recent years, no doubt somewhat affected by volatility in the energy sector, positive factors such as the recently completed expansion of the cruise terminal and the low gasoline prices have contributed to the growth in visitation numbers. This article will explore tourism trends on Galveston Island. Galveston Island is a 64-square-mile barrier island located 50 miles southeast of Houston. With 32 miles of beaches, a variety of historic neighborhoods, ample leisure attractions, and a multitude of festivals, the tourism industry remains a mainstay of the local economy. The relative affordability of the island, and the proximity to and size of the Houston metropolitan area contribute to the strength of this industry.

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U.S. Lodging Industry Performance Appears to Be Sustainable CBRE Research Forecasts Occupancy to Increase Through 2019
The U.S. lodging industry is forecast to enjoy continued levels of record occupancy through 2019. If achieved, this will mark a 10-year period of uninterrupted growth in this key industry metric, something U.S. hoteliers have never experienced in the past 86 years. Based on the recently released December 2017 edition of Hotel Horizons, CBRE Hotels' Americas Research is forecasting the annual average occupancy rate for U.S. hotels to hit 65.9 percent in 2017 and essentially remain at this level through the end of the decade.

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HotStats MENA Chain Hotels Market Review - October 2017
Whilst hotels in the Middle East and Africa successfully recorded a 1.9% year-on-year increase in GOPPAR this month, the periods of decline recorded across 2017 threaten to undermine the positive months of performance, according to the latest worldwide poll of full-service hotels from HotStats.

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The UK and Ireland Pipeline Continues to Boom
The United Kingdom and Ireland are neighboring markets that would seem to have much in common, but are really two very distinct countries. In fact, insinuating that these two countries are virtually the same to the natives of either place is a social faux pas one would do well to avoid. However, the fact remains that they are geographically interwoven given their close proximity.

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Russian Tourism To Slow Down In 2018 | tourism-review.com
The market of organized tourism, where the volume of bookings increased by more than 30% this year, is unlikely to show the same growth in 2018. According to experts' estimates, the growth rate of the Russian tourism industry will slow down to 8-10%. There will be less noticeable growth in incomes of citizens and an increase in the calculation base. The return of the market to pre-crisis levels is unlikely to be achieved in the coming five years.

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October 2017: GOPPAR Levels Hit 2017 High at US Hotels
Profit levels at hotels in the US hit a 2017 high of $135.08 per available room this month, fueled by year-on-year growth across all revenue departments, according to the latest worldwide poll of full-service hotels from HotStats.

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October 2017: GOPPAR Growth Continues But Profit Conversion Falls at UK Hotels
Hotels in the UK maintained their upward trajectory in GOPPAR growth this month, but the marginal gains in revenue were almost entirely wiped out by increasing costs which led to a decline in profit conversion, according to the latest worldwide poll of full-service hotels from HotStats.

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

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Market Pulse: Hotel Demand Takes Flight at LAX | By Jessica White
The LAX/El Segundo area has experienced robust growth in hotel demand in recent years, buoyed by increased passenger volume at LAX, the addition of new upper-upscale hotels, and sustained corporate demand from El Segundo and the surrounding markets. LAX is the second-busiest airport in the nation, behind Atlanta's Hartsfield International Airport, and the gateway to Southern California. The airport reached a new peak in passenger volume in 2016, which grew 7.0% over the prior year, and this trend continued through the September 2017 year-to-date period. The addition of Delta's direct flights from China on Boeing's Dreamliner and recent renovations at LAX have contributed to this growth.

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HVS Key Takeaways: CHICOS 2017 | By Kristina M. D'Amico & Kristin Rinaudo
With U.S. and global attention focused on the Caribbean region following two record-breaking hurricanes that hurled through the region in September, the timing of CHICOS less than two months later opened the door to educated conversations within our industry. Interestingly, the dialog was hardly identifiable with the sensationalist news headlines and misrepresentations in the media that the Caribbean is somehow pulverized, as the 2017 Atlantic hurricane season winds down. Rather, attendees agreed that there is a need to educate the public on the geography of the region, and conversations delved into other directions including lender reactions, new design and code regulations, the effect on investor behaviors and holding periods, operational expenses, and capital improvement opportunities, among others.

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Market Pulse: Raleigh, NC | By Janet L. Snyder & Mike Bendert
The City of Raleigh, also known as the City of Oaks, is the capital of North Carolina, the seat of Wake County, and one of the most economically diverse cities in the state. The capital city has long been known for its high standard of living and skilled industries, which has made it one of the fastest growing cities in the southeastern United States. According to recent data reported by the U.S. Census Bureau, the state of North Carolina, as a whole, was the sixth-fastest-growing state in the U.S. from 2015 to 2016. Raleigh was also named in the top twelve destinations to travel to in 2017 by Forbes Travel Guide[1], sharing the ranks with destinations such as Oahu, Lisbon, Santa Barbara, and Bali. This growth has helped to bolster an already strong hotel and tourism industry in Raleigh.

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25th World Travel Monitor Forum in Pisa: Strong year for European outbound travel
Strong growth in European outbound trips so far this year good figures for most European destinations solid growth outlook for 2018 ITB Berlin exclusively publishes latest results from the World Travel Monitor

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

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

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

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

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Russian Hotel Pipeline Shows Major Growth in 2020 and Beyond
Due to the wintery climate throughout most of the massive country, Russia isn't typically thought of as the sunniest of places. One thing that is looking bright, however, is the country's upcoming hotel project pipeline, which according to the TOPHOTELPROJECTS database.

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North American Hoteliers End 2017 Strong with Healthy Gains Across All Travel Segments
As North American hoteliers enter the holiday season and round out the year, all travel segments are seeing a noticeable increase across the board in both average daily rates (ADR) and occupancy, up 1.4 percent and 3.9 percent respectively, during the fourth quarter of 2017, according to new data from TravelClick's November 2017 North American Hospitality Review (NAHR).

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Projects in Canada's Construction Pipeline are Up 11% YOY
According to Lodging Econometrics (LE), the total Construction Pipeline in Canada currently has 228 Projects/30,875 Rooms, up 11% by projects Year-Over-Year (YOY).

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Canadian Lodging Outlook Quarterly 2017-Q3
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: U.S. hotel performance for October 2017
The U.S. hotel industry reported positive results in the three key performance metrics during October 2017, according to data from STR. In a year-over-year comparison with October 2016, the industry posted the following:

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e-forecasting.com: U.S. Hotel Industry Leading (HIL) Indicator rose in September
Future business activity in U.S. hotels rose in September according to the latest reading of the Hotels' future business conditions (HIL) indicator. eforecasting.com's HIL, a composite predictive analytic that gauges future monthly overall business conditions in the U.S. hotel industry, increased by 0.1% in September to 135, following an increase of 0.1% in August. The index is set to equal 100 in 2010.

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

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STR: Caribbean/Mexico hotel pipeline update
STR's October 2017 Pipeline Report shows 44,556 rooms in 245 hotel projects Under Contract in the Caribbean/Mexico region. The total represents a 39.0% increase in rooms Under Contract compared with October 2016.

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STR: Central/South America hotel pipeline update
STR's October 2017 Pipeline Report shows 58,909 rooms in 376 hotel projects Under Contract in the Central/South America region. The total represents an 8.0% decrease in rooms Under Contract compared with October 2016.

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STR: Asia Pacific hotel pipeline update
STR's October 2017 Pipeline Report shows 641,454 rooms in 2,917 hotel projects Under Contract in the Asia Pacific region. The total represents a 7.8% increase in rooms Under Contract compared with October 2016.

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PwC Hospitality Directions US: November 2017
Nine months into the new administration, the US lodging industry and broader economy appear to have shrugged off worries of any initial disruption to the economy. Though initial expectations of broad-based economic stimulus, regulatory reform, and tax policy reform have been significantly tempered, underlying macroeconomic conditions, such as consumer spending and employment remain solid.

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STR: U.S. hotel pipeline update
STR's October 2017 Pipeline Report shows 584,052 rooms in 4,869 hotel projects Under Contract in the United States. The total represents a 5.4% increase in the number of rooms Under Contract compared with October 2016.

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STR: Middle East and Africa hotel pipelines for October 2017
STR's October 2017 Pipeline Report shows 166,774 rooms in 580 hotel projects Under Contract in the Middle East and 55,094 rooms in 299 projects Under Contract in Africa.

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Nigeria, Senegal and Cape Verde dominate the West African hotel pipeline with 77% of the total planned hotel rooms
West Africa has been at the heart of the continent's growth and economic transformation in recent years. Notwithstanding the sharp slowdown experienced in 2016 and 2017, the region's economy is expected to rebound in 2017 onwards. Commodity-based economies, like Nigeria, are slowly recovering from the fall in oil prices and oil production, while countries like Cote d'Ivoire, Mali, and Senegal have shown economic resilience and sustained growth. As many of the countries continue to stabilize - politically and economically - the region will be better integrated from a local and international context. This increased integration raises the need for quality travel and accommodation infrastructure.The growth of the hotel sector is an important indicator of how well a market is developing its travel infrastructure, and the indicators for West Africa are mixed. According to W Hospitality Group's 2017 Hotel Chains Pipeline report, West Africa has a pipeline of 114 hotels and 20,790 rooms, accounting for 42% of the Sub-Saharan African hotel pipeline. However, of these hotel deals signed and planned, only approximately 9,875 rooms, or 48% have moved to construction. In addition, projects in the region have longer than average development periods at approximately six years, compared to the two- to three-year development program that is usually planned. Some of the reasons for these delays are high capital investment required, lack of access to adequate financing options, limited access to raw materials, high construction and material costs, a heavy reliance on importation, inadequate technical capacity to manage the development program, and other barriers to entry.Of the hotel pipeline for West Africa, Nigeria contributes 49.6% or more than 10,000 hotel rooms (in 61 hotels). Nigeria is also the top market in Africa for planned rooms.The other substantial markets in West Africa include Cape Verde with 11 hotels and 3,478 rooms, and Senegal with 14 hotels and 2,164 rooms. These t

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

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

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

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Current US Hotel Business Conditions Continue to Stall
Business activity for US hoteliers held steady at previous month reading of 118.6 in August according to today's release of the Hotel Industry's Pulse (HIP) indicator. eforecasting.com's HIP - a predictive analytic which gauges monthly overall business conditions for hotels earlier than any industry indicator - stalled, posting a nil growth rate in August after holding steady posting a growth rate of 0% in July. The index is set to equal 100 in 2010.

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

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STR: Preliminary October data for London hotels
STR's preliminary October 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 October, London reported the following in year-over-year comparisons:

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STR: Preliminary October data for Abu Dhabi hotels
STR's preliminary October 2017 data for Abu Dhabi, United Arab Emirates, indicates high demand and strong performance growth.Based on daily data from October, Abu Dhabi reported the following in year-over-year comparisons:

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STR: U.S. hotel results for week ending 4 November
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 29 October through 4 November 2017, according to data from STR. In comparison with the week of 30 October through 5 November 2016, the industry recorded the following:

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25th World Travel Monitor Forum in Pisa: Positive growth trends recorded in 2017 so far
Travelers continue to be concerned by terror threats when travelling - nevertheless the desire to travel is unbroken City trips are growth driver in holiday segment - ITB Berlin exclusively publishes latest results from the World Travel Monitor in January 2018

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The United States Leads the Way for Hotel Growth in November 2017 [Infographic]
So far, the year 2017 has been a robust one for the hotel industry in the United States, which has seen a moderate level of growth in demand that has led to increases in both hotel occupancy and the average daily rate (ADR) paid by guests, and as if the project pipeline in the country is any indication, the United States will likely remain to have a dynamic year as we get well into November 2017.

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HVS Market Pulse: Indianapolis, IN | By Jai B. Patel & Justin Kaminski
Indiana's capital city, Indianapolis, is the state's largest and the third-largest city in the Midwest. The city is a primary industrial, commercial, and transportation center for the Midwest, as the most centrally located of the largest 100 cities in the United States. The city is well served by four interstates, six railroads, an international airport, and a foreign trade zone. Historically known for its concentration of major manufacturing operations and logistics, the city has evolved as a hub for advanced manufacturing, digital technology, and life science/healthcare, as well as amateur and professional sporting events, which have brought Indianapolis broader recognition. The area is most well known for hosting the Grand Prix of Indianapolis and Indianapolis 500 each spring.

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HVS: Hotel Bulletin Q3 2017 - Rising Costs Prove Challenge To UK Hotels Prompting Slowdown In ReVPAR Growth | By Russell Kett
Some investors could become increasingly wary of hotel assets as RevPAR growth plateaus amid predictions of labour shortages and increasing costs, according to Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR (rooms revenue per available room) at 5% was the lowest level since Q1 2016, although the long-term outlook for UK hotels remains firmly positive.

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In Focus: Madrid, Spain | By Ezio Poinelli, Paolo Buffa di Perrero and Filippo Brivio
This market snapshot provides an overview of the recent performance of the lodging industry in Madrid, Spain, in terms of demand and supply and analyzes past and future tourism trends. In writing these articles we utilise the expertise of HVS for each market combining our in-house data and research together with published information and interviews with opinion leaders regarding each of the examined destinations.

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STR: Europe's hotel performance well above pre-recession levels, despite terrorism and other market challenges
Despite a number of market challenges, Europe's hotel industry posted an all-time high occupancy level for the January to September time period, according to data from STR.The continent's 72.6% absolute occupancy value for the September 2017 year-to-date time period was 2.6% higher than the same months in 2016 and 9.0% higher than the same period in 2008. Ahead of his presentation the 2017 European Hotel Investment Conference (EHIC) on Wednesday, 8 November, Robin Rossmann, managing director for STR, comments on Europe's strong performance levels.\"When you consider the terror attacks across several European markets over the past few years as well as the rise of the peer-to-peer rental industry (e.g. Airbnb), the region's performance growth confirms the strength and resilience of the hotel sector,\" Rossmann said. \"We're seeing markets recover from terror attacks at a much faster pace, and, in some cases, not registering any notable impact, which has been true recently for London, Manchester, Barcelona and Berlin.\"

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Tourico Holidays Data Reveals Growing United Kingdom Hotel Market
Tourico Holidays, one of the world's fastest growing wholesale travel brokerage companies, today shared data reporting a 29 percent increase in hotel bookings to the United Kingdom in 2017, compared to the same time last year. Tourico contracts with nearly 2,000 United Kingdom hotels, making more than 50,000 rooms per night available to travel distributors around the world.

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New York Leads U.S. Markets in Hotel Construction Pipeline Followed by Houston, Dallas, Nashville and Los Angeles
According to recent reports, analysts at Lodging Econometrics (LE) state that the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 181 Projects/30,225 Rooms; Houston with 148 Projects/16,398 Rooms; Dallas with 143 Projects/17,580 Rooms; Nashville, which hit a cyclical peak this quarter, has 124 Projects/16,699 Rooms; and Los Angeles has 112 Projects/16,780 Rooms.

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UNWTO World Tourism Barometer: International tourism on track for a record year
Demand for international tourism remained strong during the Northern Hemisphere summer peak season. International tourist arrivals in July and August totalled over 300 million for the first time ever according to the latest UNWTO World Tourism Barometer. Many destinations reported double-digit growth, in particular in the Mediterranean.

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U.S. Hotel Development Cost Survey 2016/17 | By Stacey E. Nadolny
Hotel development activity correlates directly with the ebbs and flows of hotel-sector performance. As we reached the peak of the current cycle in 2016, developers pursued hotel construction and redevelopment at a pace we haven't seen since 2006 and 2007. HVS has tracked Hotel Development Costs for the last three decades, collecting data from actual hotel cost budgets during our assignments. This year's sample reflects the largest sample HVS has analyzed given the number of hotels in the pipeline, as well as our growing presence in 35 U.S. markets. The data in this survey reflect budgets from 2016. With the availability of more data, we elected to add a lifestyle/soft-brand category and a dual-branded category; moreover, we bifurcated the extended-stay hotel category into midscale and upscale segments. These products represent some the fastest-growing sectors. Thus, our data now reflect nine product categories. The brands represented in each of our categories (in our survey data) can be found in the addenda to this study. In the last year since the 2015/16 study was released, the most common question posed to our authors addressed the delineation of geographic data by segment. While we can sort the data for smaller samples in specific markets, we are unable to provide meaningful conclusions because of the limitations in the data set. However, the analysis and inclusion of both the median and the mean help to balance the high- and low-cost markets. Our goal in sharing this publication is to provide a basis for developers and consultants in evaluating their hotel development projects. This report should not be relied upon to determine the cost for actual hotel projects or for valuation purposes, but rather, it is intended to provide support for preliminary estimates or support for actual cost estimates, as well as to show a comparison across the categories. Please continue to reach out to us with your comments and questions, as this feedback helps improve our annual s

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STR: U.S. hotel results for week ending 28 October
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 22-28 October 2017, according to data from STR. In comparison with the week of 23-29 October 2016, the industry recorded the following:

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China made 10% of tourists visiting Africa in 2016 | By Josephine Wawira
The massive influx of Chinese tourists to Africa has in the recent years made a buzz, and it is for all possible reasons. After seven consecutive years of annual double-digit growth in spending, China continues to lead global outbound travel, reaching US$ 261 billion of Chinese travelers' expenditure in 2016, a 12% growth since 2012. Approximately 135 million Chinese outbound tourists travelled in 2016, out of which 10% were bound for Africa up from 3% in 2008.

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ADR Growth Slows Despite Rising Occupancy; Hurricane Harvey Drives Up Houston Demand
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Greek Hospitality Industry Performance - 2017 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 socio-economic developments.

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October

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Why Africa's Project Pipeline is Poised for 2020 Success [Infographic]
There has been a slow build in Africa's hospitality market in recent years, as hoteliers finally begin to explore the business possibilities of a continent that has long presented them with a tantalizing blend of significant challenges but massive untapped potential.

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Whitebridge Asia Pacific Hotels Monitor October 2017
According to the World Bank, improved global growth and strong domestic demand trends underpin a positive outlook for the region in 2017 (growth in China has exceeded expectations so far this year) and in 2018. Growth in 2018 (+6.2%) is expected to be slightly slower compared to 2017 (+6.4%) because of China's continuing gradual slowdown.

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PwC Middle East records 8% revenue growth in FY17, maintains confidence in region's future
For the year ending 30 June 2017, PwC around the world reported total gross revenues of US$37.7 billion. At constant exchange rates, revenues grew by almost 7%, marking 20 years of consecutive revenue growth for the PwC network. In the Middle East, the firm registered an 8% revenue increase and solid growth across the board.

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September 2017: MENA Room Profits Plummet
Following a summer of mixed fortunes, which included a welcome year-on-year increase in profit per room in August, hotels in the Middle East & Africa were back to business as usual this month as GOPPAR levels sunk by 17.1% year-on-year, according to the latest worldwide poll of full-service hotels from HotStats. September typically marks a return to 'normal' trading conditions for hotels in the Middle East & Africa following the disruption during the summer, and with room occupancy levels this month (66.7%) well ahead of the average for the preceding three-month 'summer' period at 57.5%, they looked to be back on track.

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Wedding Tourism In Italy 385 Million Euro Business | tourism-review.com
Katie Holmes and Tom Cruise in the Odescalchi Castle in Bracciano, Kim Kardashian with Kanye West at Forte Belverde in Florence, and Amal Alamuddin with George Clooney at the Aman Hotel on the Grand Canal. All these celebrities got married in Italy. Wedding tourism in Italy has been constantly growing. According to a research conducted by Massimo Ferrruzzi, founder of Jfc, there have been 7,147 weddings thus far this year. These weddings have generated a turnover of almost 386 million euros. Spending increased by 2.3 percent over 2016. With an average stay of 3.5 days per guest and 8.4 days for spouses, total arrivals reached 336,232, while attendances amount to 1.2 million. But there are several ways to say yes' and Jfc's study also analysed the three types of weddings and their economic impact.

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Luxury Travel To Germany Is Booming | tourism-review.com
With an increase of around 18% since 2014, the growth of journeys in the luxury travel segment is almost twice as high as that of all foreign trips. All foreign trips rose by around 9% during the period. This is the result of a special evaluation of the World Travel Monitor on behalf of ITB Berlin. According to the study, Germany is the most popular destination in Europe. In the analysis, international trips were defined as all outbound short trips of up to three nights with expenses of more than 750 euros per night, as well as all longer stays abroad from four nights with expenses of more than 500 euros per night. In 2016, around 54 million luxury trips were made abroad. The market share of luxury travel rose to around 7% in 2016.

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STR: U.S. hotel results for week ending 21 October
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 October 2017, according to data from STR. In comparison with the week of 16-22 October 2016, the industry recorded the following:

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STR: Mexico hotel performance for Q3 2017
Mexico's hotel industry reported mixed year-over-year 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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UK Project Pipeline Shows Growth in Multiple Areas [Infographic]
When discussing the project pipeline in the United Kingdom, one is often tempted to solely focus on London, one of the great hospitality cities in the entire world. There are, however, multiple destinations within the United Kingdom where the pipelines are filled with varied and robust projects, according to information from the TOPHOTELCONSTRUCTION database.

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Can Japan's hotels keep up with soaring demand?
Tourism is booming like never before in the Land of the Rising Sun as visitors flock from across Asia and further afield. While rising numbers are in line with government plans to welcome 60 million tourists by 2030 to help offset struggling areas of the Japanese economy, the hotel industry faces in own challenges in keeping up with growing demand for rooms.

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Africa earned US$ 35 billion in international tourism receipts in 2016 | By Josephine Wawira
International tourist arrivals in Africa went up by 8% in 2016 according to UNWTO Tourism Highlights 2017 Edition, which cites comparatively limited data available to date. This represents a strong rebound, following two years (2014 and 2015) of weaker performance due to various geopolitical, economic, and health challenges.

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STR: Hotel performance amped up during Rock in Rio 2017
Data from STR shows that hotels in Rio de Janeiro, Brazil, recorded substantial performance levels during the September Rock in Rio music festival.During the seven days of the festival (15-17 and 21-24 September), occupancy in the Barra da Tijuca area of Rio, at an actual level of 81.4%, was 69.1% higher compared with the rest of September, while average daily rate (ADR) was 64.8% more at BRL555.77. Performance uplifts were common outside of Barra da Tijuca as well. Excluding Barra da Tijuca, Rio's revenue per available room (RevPAR) was 74.7% higher compared with the rest of the month, with occupancy 54.8% higher and ADR 12.8% higher.

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September 2017: Scottish Hotels Lead the Way as Profit Grows Across the UK
Hotels in Scotland recorded a 15.8% year-on-year increase in GOPPAR this month, which helped the UK hotel market to maintain its upward trajectory in profit per room, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: Canada hotel performance for Q3 2017
Canada's hotel industry reported positive year-over-year 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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Market Pulse: Toronto Airport Strip, ON, Canada | By Jingjianxiong (Charlie) Shi, Cedric Oberlin and Monique Rosszell
Toronto Pearson International Airport (YYZ) is the primary airport for the Golden Horseshoe, an urban agglomeration including and surrounding Toronto that is home to approximately 25% of Canada's population. Toronto Pearson is the largest and busiest airport in Canada and North America's second-busiest airport in terms of international passengers. YYZ is well on its way to reaching \"mega-hub\" statusairports that handle more than 50 million passengers, including 20 million international passengers, and connect to 80% of the global economy.

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STR: Wildfires alter hotel performance in Northern California
Recent Northern California wildfires caused significant hotel performance declines in Napa and Sonoma counties, while hotels in Mendocino and Solano counties saw a substantial performance lift, according to an analysis by STR's Consulting and Analytics team. For the purpose of its analysis, STR matched performance levels from the week of 1-7 October and 8-14 October with their respective comparable weeks in 2016. \"The September and October grape harvest is peak season in the area, and we saw two counties (Napa and Sonoma) that have historically maintained occupancy in excess of 80% in October each drop by double digits last week,\" said Raquel Ortiz, STR's senior analytics manager. \"At the same time, hotels in the more residential counties (Mendocino and Solano) saw occupancy grow with business from displaced residents, firefighters, news crews, insurance adjusters and recovery workers.\"

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Horwath HTL Special Market Report: Denver CO
Horwath HTL Denver has produced our latest market report about the 'Current Image' of Denver as far as being a potential 'World Class' City. Being a City that has accomplished a great deal in the last 10-25 years, Denver has seen its overall image increased significantly. This improvement in image (new international airport, new international air service, proposed massive development adjacent to the new international airport, significant additions to the lodging inventory, the potential expansion of the Colorado Convention Center and the redevelopment/addition to the existing Denver Art Museum) has raised the perception of Denver to where it is recognized as truly a City on the move. We believe that with a few more potential opportunities, Denver will really become THE MILE HIGH CITY!

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United Arab Emirates' Pipeline Indicates Region is Poised for Continued Success [Infographic]
There is, perhaps, no hotter and more vibrant market for global hospitality than the United Arab Emirates' Dubai. It's a gleaming oasis in the desert, where all manner of architecture is possible and luxury and high-living experiences are available in what seems like infinite supply.

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STR: Europe hotel performance for Q3 2017
Europe's hotel industry reported positive results in the three key performance metrics during Q3 2017, according to data from STR.Euro constant currency, Q3 2017 vs. Q3 2016Europe

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Mediterranean Tourism Expects 420 Million Visitors By 2020 | tourism-review.com
The Mediterranean has become the main tourist zone of the world with 32% of international arrivals and 30% of revenues, according to conclusions reached during the 3rd edition of the Mediterranean Resort & Hotel Real Estate Forum (MR&H) which is being held in Barcelona. Mediterranean tourism market has been steadily growing. With the favorable expectations, the most positive predictions are that the Mediterranean region will receive 420 million tourists by 2020 thanks to several competitive advantages such as the temporality and the construction of transport infrastructures.

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STR: Middle East and Africa hotel performance for Q3 2017
Hotels in the Middle East reported negative performance results during Q3 2017, while hotels in Africa posted growth across the three key performance indicators, according to data from STR.U.S. dollar constant currency, Q3 2017 vs. Q3 2016Middle East

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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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