Research Reports - Trends and Research - HSMAI
Hospitality Sales and Marketing Association International
Hospitality Sales and Marketing Association International
 
Hospitality Sales and Marketing Association International
research reports

2019

March

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Horwath HTL Industry Report: Baku, Azerbaijan
Gergely Blint, of Horwath HTL Hungary has written the latest market report on Baku, the capital city of Azerbaijan. Baku has more than its nine climate zones' and oil industry to boast about at the moment. Hotel development is booming as the market begins to appreciate the economic upside offered by tourism. Diversification of hotel products to attract more leisure travellers to the country, extends the booking period and minimises the reliance on corporate travel.

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Horwath HTL Industry Report: Singapore Hotel Market Review March 2019
Singapore's tourism industry performed significantly better in 2018, with visitor arrivals exceeding earlier forecasts and its hotels reversing a persistent downward trend. Visitor arrivals hit a record 18.5 million, driving occupancy levels (86 percent) that helped raise RevPAR to SGD189. As the market enters a period of compression and supply growth remains slow, how will the market respond to the changed dynamics? Benjamin Oh from Horwath HTL Singapore provides the lowdown.

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STR: Asia Pacific Hotel Performance For February 2019
Hotels in the Asia Pacific region reported mixed results across the three key performance metrics during February 2019, according to data from STR.

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STR: Europe Hotel Performance For February 2019
Europe's hotel industry reported positive results in the three key performance metrics during February 2019, according to data from STR.

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STR: U.S. Hotel Results For Week Ending 16 March
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 10-16 March 2019, according to data from STR.

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STR: Canada Hotel Results For Week Ending 16 March
The Canadian hotel industry recorded negative year-over-year results in the three key performance metrics during the week of 10-16 March 2019, according to data from STR.

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Canadian Lodging Outlook Quarterly 2018-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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STR: U.S. Hotel Performance For February 2019
The U.S. hotel industry reported positive results in the three key performance metrics during February 2019, according to data from STR.

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D.C. Hotel Industry A Casualty Of Federal Government Shutdown
Like death and taxes, one thing is certain: a federal government shutdown is no good for hotels in the nation's capital, Washington, D.C.

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New Research Shows South Africa As Africa's Largest Travel & Tourism Economy In 2018
Travel & Tourism in South Africa contributed 1.5 million jobs and ZAR425.8 billion to the economy in 2018, making it the largest tourism economy in Africa, according to the World Travel & Tourism Council's (WTTC) annual review of the economic impact and social importance of the sector released today.

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HVS Market Pulse: Detroit, MI | By Brandon Leversee
Detroit's image of a proper rust-belt city in the depths of despair during the Great Recession and the subsequent filing of bankruptcy in 2013 has been reshaped into an inspiring story of resilience and resurgence. Detroit's economy is strong, with unemployment decreasing every year since 2014 and an employment base that continues to diversify. While the economic mainstaysGeneral Motors, Ford, and Fiat Chryslerstill thrive in the city, other major employers belong to the financial and healthcare sectors; moreover, the technology sector continues to grow.

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New Hotel Trend Survey Reveals Major Advancements Across The Industry
The American Hotel & Lodging Association (AHLA) today released the results of a comprehensive Lodging Survey, a detailed assessment of advancements in amenities, guest services, sustainability and technology, in addition to other industry trends. This recent survey underscores how hotels advance, accommodate and innovate the guest experience. Consumers can expect seamless transitions between their everyday lives and their lives on the road thanks to increased mobile compatibility, flexible dining options and welcoming accommodations.

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China's Hotel Construction Pipeline Hits New All-Time High Despite Growing Concerns About the Economic Slowdown
Analysts at Lodging Econometrics (LE) report that China's total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY). At the end of 2018, both projects and rooms in the construction pipeline are at new all-time highs surpassing the previous cyclical high of 2,658 projects set in the fourth quarter of 2014. China has the second largest pipeline in the world.

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CBRE Research Forecasts Healthy RevPar Growth for U.S. Hotels in 2019 and 2020
Continued favorable economic fundamentals are expected to lead to U.S. hotel rooms revenue per available room (RevPAR) growth of 2.5 percent in 2019 and 2.0 percent in 2020, according to the latest forecast from CBRE Hotels Americas Research.

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STR: Canada Hotel Results For Week Ending 9 March
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 3-9 March 2019, according to data from STR.

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STR: US Hotel Results For Week Ending 9 March
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 3-9 March 2019, according to data from STR.

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STR: Preliminary February Data For Melbourne Hotels
STR's preliminary February 2019 data for hotels in Melbourne indicates a significant occupancy level. Based on daily data from February, Melbourne reported the following in year-over-year comparisons:

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STR: Preliminary February Data For Abu Dhabi Hotels
STR's preliminary February 2019 data for Abu Dhabi, United Arab Emirates, indicates lower occupancy but significantly higher room rates. 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 London Hotels
STR's preliminary February 2019 data for London indicates record-high rates. Based on daily data from the month, London reported the following in year-over-year comparisons:

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Baird/STR Hotel Stock Index rises 6.8% in February
The Baird/STR Hotel Stock Index rose 6.8% in February to 4,684. Year to date through the first two months of 2019, the index was up 15.1%.

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Middle East & North Africa Hotels Challenged By Supply, Economic Concerns
Hotel profit plummeted in the Middle East & North Africa in January, as oversupply and struggling oil prices took a toll, sending GOPPAR to a 13.9-percent year-on-year decrease, according to the latest data tracking full-service hotels from HotStats.

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Challenging Start To 2019 For Hotels In Mainland Europe
Profit per room at hotels in mainland Europe fell by 9.1 percent year-over-year in Januarythe largest margin of decline in this measure since August 2016as revenues dropped and costs escalated, according to the latest data tracking full-service hotels from HotStats.

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STR: US Hotel Results For Week Ending 2 March
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR.

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STR: Canada Hotel Results For Week Ending 2 March
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 24 February through 2 March 2019, according to data from STR.

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STR: Survey On Brexit Travel Impact
Brexit has had little impact on 2019 travel plans but has shaped a negative perception of the U.K. among European travellers, according to findings of a recent survey conducted by STR's Consumer Travel Insights team. Conducted in February 2019, the survey captured the views of 927 U.K. and international travellers from STR's proprietary Traveller Panel, a global community of engaged travellers.

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Global Construction Pipeline Hits Record High at 2018 Year-End
Lodging Econometrics (LE) has released its year-end Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for every country and market around the world. At the close of 2018, LE analysts state that the total global construction pipeline hit record highs with 13,573 projects/2,265,792 rooms, a 7% increase in projects and a 6% increase in rooms year-over-year (YOY).

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New Year, Similar Profit Story For U.S. Hotels
Not even a government shutdown could throw the U.S. hotel industry off-kilter. Hotels picked up essentially where they left off in 2018, demonstrating a sustained uptrend in profit growth.

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STR: Canada Hotel Results For Week Ending 23 February
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR.

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GDS Booking and ADR Growth Drive Strong Q4 2018 RevPAR Performance in Hospitality
TravelClick, an Amadeus company, today announced that global distribution system (GDS) hotel bookings experienced a record year in 2018, generating over 75 million annual reservations globally, up from 70 million in 2017. The company noted that this global GDS growth coupled with sustained increases in average daily rates (ADR), contributed to impressive revenue per available room (RevPAR) for North American hoteliers as they kicked off the New Year.

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Edinburgh remains UK's number one destination for hotel development
Edinburgh remains at the top of Colliers International's latest UK Hotels Market Index, with a strong active pipeline and performance, largely due to consistently strong occupancy and average daily room rate (ADR) levels in 2018, a robust four-year upward revenue per available room (RevPAR) trend and continued strong market appetite.

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PwC Manhattan Lodging Index Q4 2018
Revenue per available room (\"RevPAR\") reached the highest fourth quarter average since 2006, as growth in average daily room rate (\"ADR\") rebounded at Manhattan hotels. During the quarter, lodging supply, which continued to outpace growth in demand, resulted in declines in occupancy. With strong commercial traveler demand during the first half of the quarter, coupled with price-elastic holiday tourism in the latter half, Manhattan room rates finished the quarter at an average of $328 per night.

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European Pipeline Soars Despite Economic Slowdown Throughout the Region
In the 2018 year-end report by Lodging Econometrics (LE), Europe's total construction pipeline skyrocketed to 1,569 projects/243,947 rooms, a whopping 19% increase year-over-year (YOY), and the highest project and room counts ever recorded. The record counts come despite concerns of slower growth throughout the region, shrinking demand for the region's exports, Brexit uncertainties, and political tensions in many countries.

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STR: U.S. hotel results for week ending 23 February
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 17-23 February 2019, according to data from STR. In comparison with the week of 18-24 February 2018, the industry recorded the following:

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HVS Market Pulse: Minneapolis - After the Super Bowl | By Tanya Pierson & Justin Westad
Surrounded by the beauty of lakes and the Mississippi River, Minneapolis is home to many Fortune 500 companies and more than 11,000 hotel rooms. High quality of life, diversity of employers, and leisure attractions continue to entice demand and an ensuing level of hotel development to the area.

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February

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UK Profit Disappoints Even As RevPAR Levels Stay Strong
Despite a 3.4-percent year-over-year increase in RevPAR in January, profit per room at UK hotels dropped by 2.6 percent due to rising costs, according to data tracking full-service hotels from HotStats.

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Personalization, Mobile Technology, and Networking Drive Attendee Engagement at Events, According to New Cvent and Edelman Intelligence Report
With nearly 70 percent1 of marketing leaders stating that events play a significant role in accelerating sales, meetings and events continue to be key business drivers for organizations around the world. According to a new report by Cvent and Edelman Intelligence, event professionals can deliver more impactful and profitable events through enhanced technology, tailored communication, and networking opportunities.

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STR: Europe hotel performance for January 2019
Europe's hotel industry reported mostly positive results in the three key performance metrics during January 2019, according to data from STR.Euro constant currency, January 2019 vs. January 2018Europe

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STR: Middle East and Africa hotel performance for January 2019
Hotels in the Middle East reported negative January 2019 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 2019 vs. January 2018Middle East

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STR: Asia Pacific hotel performance for January 2019
Hotels in the Asia Pacific region reported mixed results across the three key performance metrics during January 2019, according to data from STR.U.S. dollar constant currency, January 2019 vs. January 2018Asia Pacific

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STR Central/South America Hotel Performance For January 2019
Key January takeaways: Buenos Aires experiences highest January occupancy since 2012, Pope's World Youth Day lifts room rates in Panama City, So Paulo posts 18 consecutive months of ADR growth.

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U.S. Lodging Outlook Good Through 2020, Economic Blip Causes Slowdown In 2021 Before Returning to Positive Growth for 2020
A favorable economic outlook will lead to continued growth in U.S. hotel revenues and profits through 2020. However, an economic slowdown in 2021 will cause a short-lived softening of lodging industry fundamentals that year. According to the March 2019 edition of Hotel Horizons, CBRE Hotels Americas Research is forecasting U.S. hotel rooms revenue per available room (RevPAR) to increase by 2.5 percent in 2019 and an additional 2.0 percent in 2020. However, for 2021, CBRE is projecting a slight decline in RevPAR of 0.6 percent. Fortunately for hoteliers, that immediately is followed by 1.4 percent RevPAR growth for 2022.

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STR: 2018 Was Top Hotel Transaction Year This Cycle
A total of 707 property sales totaling $29.5 billion made 2018 the most active year for hotel transactions since 2007, according to the Hotel Transaction Almanac produced by STR's Consulting & Analytics office and Hotel Brokers International (HBI). Total number of transactions grew 25% from 2017, while sales volume was up 49% from the previous year. \"We're near the peak of the cycle right now where there is opportunity for very large profits,\" said Joseph Rael, STR's senior director of consulting & analytics.

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Whitebridge EMEA Hotels Monitor, Issue 23
Whitebridge Hospitality is a specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use resorts, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset's life cycle.

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STR: Canada Hotel Results For Week Ending 16 February
The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR.

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STR: US Hotel Results For Week Ending 16 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 10-16 February 2019, according to data from STR.

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India Hotel Survey Reveals Key Findings Regarding Performance Opportunities, Profitability
India's hotels are heavily dependent on food and beverage (F&B) as a revenue generator, and have a significant opportunity to boost foreign and leisure demand, according to findings from the 21st edition of the Federation of Hotel & Restaurant Associations of India (FHRAI) Survey report.

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STR: US Hotel Performance For January 2019
The U.S. hotel industry reported positive results in the three key performance metrics during January 2019, according to data from STR.

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STR: Super Bowl Impact Exceeds Expectations For Atlanta Hotels
Atlanta hotel performance growth exceeded projections during Super Bowl LIII weekend, but ranked below the average of the previous eight host markets, according to an analysis by STR's Consulting & Analytics office.During the nights of Friday, 1 February, through Sunday, 3 February, the Atlanta market posted 387.2% growth in revenue per available room (RevPAR), which was driven predominantly by a 246.5% increase in average daily rate (ADR). Occupancy in the market rose 40.4%. \"RevPAR growth came in a bit higher than our forecast of 350%, but the impact was still a bit lower than previous Super Bowl hosts because of Atlanta's significant market size,\" said Carter Wilson, STR senior VP of consulting & analytics. \"The primary factor in measuring the Super Bowl lift is market size, followed by seasonality. Markets with more rooms to fill are more limited in their RevPAR gains, while smaller markets tend to demonstrate greater pricing power. Considering the size of the market, the 387% jump in RevPAR is actually quite remarkable.\"

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Lisbon Hotel Market Europe's Miracle Baby Maturing
Lisbon Hotel Market - Europe's Miracle Baby Maturing. This market pulse provides an overview of the tourism and hotel market in Lisbon, Portugal. It discusses the growing tourism trends in the market, the impacts on hotel performance, the challenges encountered in light of the airport capacity, and the resurgence of other competing markets such as North Africa. This article also provides a summary of the hotel pipeline as the city is becoming increasingly attractive to investors.

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HVS Asia Pacific Hospitality Newsletter - Week Ending 15 February 2019
IHG Acquires Six Senses for US$300 Million

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Gold Coast Shines As Australia's Top Hotel Market For 2018
Brisbane - The Gold Coast continues to ride a wave of growth following the 2018 Commonwealth Games, with the coastal city emerging as Australia's best performing hotel market over the past 12 months.

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STR: Canada Hotel Results For Week Ending 9 February
The Canadian hotel industry recorded mostly positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR.

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STR: US Hotel Results For Week Ending 9 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 February 2019, according to data from STR.

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STR: Hotel F&B Performance Up Again In 2018
U.S. hotel food-and-beverage revenue per occupied room (F&B RevPOR) increased 2.7% in 2018, according to total-year data from STR. F&B RevPOR reached US$112.67, up from US$109.73 in 2017 and US$106.92 in 2016. This growth reflected increases across all hotel classes with contributions from both food and beverage revenue sources.

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CTO Caribbean Tourism Performance Report 2018 & Outlook for 2019
Overview: With a strong performance during the last four months of 2018, including a robust showing by countries impacted by the 2017 hurricanes, the evidence suggests that Caribbean tourism is on the upswing.

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STR's Caribbean/Mexico Hotel Supply Development Update
The Caribbean/Mexico room construction total represented a 16.5% increase compared with January 2018.

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STR's Central/South America Hotel Supply Development Update
The Central/South America room construction total represented a 25.6% decrease compared with January 2018.

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Slowing U.S. Hotel Growth Could be Worst in 10 Years
Growth in the booming U.S. hotel industry is cooling off, data tracker STR forecasts, setting the stage for the lodging industry's worst stretch since 2009. 

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STR's Asia Pacific Hotel Supply Development Update
The Asia Pacific room construction total represented a 31.4% increase compared with January 2018.

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Middle East/Africa Hotel Supply Development Update
The Middle East reported a 21% year-over-year increase in the number of rooms in construction (127,115) through January, according to STR pipeline data. Africa, meanwhile, reported a 4.2% increase in rooms in construction (27,124).

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U.S. Hotel Supply Development Update
The U.S. hotel industry reported a 4.5% increase in rooms in construction compared with January 2018.

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Supply Growth in Top 25 U.S. Markets to Accelerate
Analysts at Lodging Econometrics (LE) report that in 2018, new supply growth was 2.0%, the first time it has reached 2.0% in eight years. The top 25 markets had new supply growth of 2.7% while the remainder of the country showed growth at 1.7%.

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Horwath HTL Industry Report: India Hotel Market Review 2018
The India Hotel Market Review 2018 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. We have concentrated upon all-India numbers and 13 key markets, which carry 67% of total chain-owned/managed/affiliated inventory.

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Horwath HTL Industry Report: Asia pacific chains report 2019
Horwath HTL are delighted to announce the launch of the 2018 Asia Pacific Hotel Chains & Hotels Report. 11 key markets in Asia Pacific are highlighted, examining the relationship between branded hotels and their independent counterparts. Who has the most successful brands? Who is growing the fastest? Which market has the least amount of hotels connected to a brand? Who has the most? All of these questions and many more are answered in this comprehensive industry report, now available for free from the Horwath HTL website. Enjoy!

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STR: Preliminary January Data For Dubai Hotels
STR's preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory. Based on daily data from January, Dubai reported the following in year-over-year comparisons:

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STR: Preliminary January Data For Sydney Hotels
STR's preliminary January 2019 data for hotels in Sydney indicates lower occupancy and room rates influenced by supply growth. Based on daily data from January, Sydney reported the following in year-over-year comparisons:

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STR: Preliminary January Data For London Hotels
STR's preliminary January 2019 data for London indicates record performance levels. Based on daily data from the month, London reported the following in year-over-year comparisons:

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Baird/STR Hotel Stock Index up 7.8% in January
The Baird/STR Hotel Stock Index opened the year with a 7.8% increase and finished January at a level of 4,388. \"Hotel stocks snapped back with the broader stock market in January after a challenging fourth quarter last year,\" said Michael Bellisario, senior hotel research analyst and VP at Baird. \"The hotel REITs and the hotel brands jumped 12.4% and 5.5%, respectively, in January, but both sub-indices are still well off their recent highs. Stocks ended last year in an oversold position with investor sentiment too negative, in our opinion, and all eyes are now focused on 2019 guidance and how all of the recent capital markets volatility and the government shutdown are impacting hotel demand.\"

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STR: US Hotel Results For Week Ending 2 February
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 27 January through 2 February 2019, according to data from STR.

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STR: Canada Hotel Results For Week Ending 2 February
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 27 January through 2 February 2019, according to data from STR.

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Double-Digit Profit Dip In December Punctuates Down Year For Middle East & North Africa Hotels
Profit per room at hotels in the Middle East & North Africa fell by 10.6 percent year-over-year in December and contributed to a 6.0-percent decline for full-year 2018, as revenues declined and costs spiraled, according to the latest data tracking full-service hotels from HotStats.

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GBR Hospitality Newsletter 2018 Q4
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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January

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Final Flourish Secures Annual Profit Growth for UK Hotels
A strong finish to 2018 secured a second consecutive year of GOPPAR growth for UK's hotels, as they sidestepped challenging economic and political conditions, according to the latest data tracking full-service hotels from HotStats.

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STR Releases Consumer Travel Insights Report On OTAs, Rental Platforms
STR's Consumer Travel Insights 2019 report series revealed several key findings regarding traveller motivations and budgeting, emphasis on online-travel-agency (OTA) services, and use of rental platforms such as Airbnb and HomeAway. The five-report series, compiled by STR's Tourism Consumer Insights team, examined each stage of the traveller journeyplanning, booking, budgeting and how technology and travel brands interact with travelling.

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U.S. Hotels Secure A Third Consecutive Year Of Profit Growth
Good news: U.S. hotels continue to make money. Year-over-year GOPPAR growth of 1.5 percent in December contributed to a 3.4-percent annual increase in profit for hotels in the U.S., according to data from HotStats tracking full-service hotels. It was the third consecutive year of GOPPAR growth, following YOY increases of 3.7 percent in 2016 and 3.0 percent in 2017.

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Supply Increase Impacts Occupancy in UK's Provincial Hotels
The fortunes of London's hotels compared with those in the provinces widened in Q4 2018 as occupancy in London rose by 5% year-on-year compared with a more modest 1% increase in hotels outside the capital.

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STR, TE downgrade U.S. hotel forecast for 2019 and 2020
The U.S. hotel industry is projected to report a further slowdown in performance growth in 2019 and 2020, according to STR and Tourism Economics' latest forecast just released at the Americas Lodging Investment Summit. \"Late in 2018, RevPAR growth weakened as strong demand was offset by lower-than-expected ADR growth,\" said Amanda Hite, STR's president and CEO. \"Now demand is softening, and although supply growth is stabilized, we expect our first year without an increase in occupancy since 2009. Combine more pressure on occupancy levels with already subdued pricing confidence, concerns over labor costs, a cooling economic environment, and the negative sentiment brought on by the recent government shutdown, and you have a recipe for diminished RevPAR growth. Performance growth of any rate will still take the industry to another record-breaking level nationally, but plenty of individual markets and hotels are feeling the slowdown on their bottom line.\"

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PwC Hospitality Directions US - Updated Lodging Outlook
Fourth quarter lodging fundamentals came in just below expectations, with year-over-year RevPAR growth of 2.4 percent, driven by an average daily rate increase of 2.0 percent. Despite expectations otherwise, occupancy levels increased marginally (0.4 percent), surprising many with continued growth at this stage in the lodging cycle. Growth in occupancy levels was supported by strong demand increases in the contract segment, while transient and group demand declined modestly on a year-over-year basis. Despite concerns over the impact from the trade tensions with China and rising construction/labor costs, the US lodging industry ended 2018 on solid footing, with occupancy reaching levels not seen since 1981.0

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STR: Mexico 2018 hotel performance
Mexico's hotel industry reported mixed performance results during 2018, according to data from STR. Compared with 2017:

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STR: Caribbean 2018 hotel performance
The Caribbean hotel industry reported lower occupancy, but record-breaking average daily rate (ADR) during 2018, according to data from STR. Compared with 2017:

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STR: Canada 2018 Hotel Performance
The Canadian hotel industry reported positive year-over-year results in the three key performance metrics during 2018, according to data from STR. Compared with 2017:

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STR: Asia Pacific 2018 Hotel Performance
Key 2018 takeaways: Singapore sees highest occupancy level since 2012, Ho Chi Minh City reports higher room rates, but lower occupancy due to supply growth, Thailand growth driven by higher room rates as demand softens.

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STR: Canada Hotel Results For Week Ending 19 January
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 13-19 January 2019, according to data from STR.

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STR: US Hotel Results For Week Ending 19 January
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 13-19 January 2019, according to data from STR.

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Vietnam Hospitality Market: 2018 Overview and 2019 Outlook
2018 has been an excellent year for Vietnam Real Estate market with positive signs coming from all sectors, among which hospitality stands out as one of the main sectors drawing enormous attention from international and local developers and investors. The market has exhibited many projects that are being planned, developed, and opened with the presence of new brands and products. Demand also experienced a remarkable growth of 21% in international tourist arrivals (within 11 months of 2018 compared to the same period in 2017), which is slightly lower than that of last year but still considered impressive when compared to other destinations in the region. In addition to its strong growth in the last two years, Vietnam has grown tremendously within the last decade as the average growth rate of international arrivals to Vietnam amounted to three times the global CAGR (Compound Annual Growth Rate) and two times the Asia Pacific CAGR.

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

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

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

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STR: U.S. hotel industry posts another record year in 2018
The U.S. hotel industry registered record-breaking performance during 2018, according to data from STR. Compared with 2017:

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STR: U.S. hotel results for week ending 12 January
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 6-12 January 2019, according to data from STR. In comparison with the week of 7-13 January 2018, the industry recorded the following:

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Profit Decline Continues In Middle East & North Africa Hotels
Profit levels at hotels in the Middle East & North Africa remained under pressure in November, as revenues were hit by declines in both price and volume in the normally reliable commercial segment, according to the latest data tracking full-service hotels from HotStats.

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

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

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

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U.S. Hotels Experienced Another Strong Year In 2018, But What's On The Horizon?
CBRE's Mark Woodworth and Jack Corgel wrap up 2018 with their take on the overall health of the economy, what indicators may tell us about the possibility of a recession on the horizon, and what period to period demand change says about overall economic performance.

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STR: U.S. hotel results for week ending 22 December
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 16-22 December 2018, according to data from STR. In comparison with the week of 17-23 December 2017, the industry recorded the following:

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China's Hotel Construction Pipeline Remains Strong Despite A Slowing Economy
In the recent report by Lodging Econometrics (LE), in the third quarter of 2018, China's total construction pipeline stands at 2,642 projects/569,690 rooms and is up 9% by projects and 6% by rooms year-over-year (YOY). Rooms in the construction pipeline are at an all-time high, and the pipeline is a mere 16 projects shy of the cyclical high of 2,658 projects set in the fourth quarter of 2014.

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2018

December

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

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

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2019 United States Hotel Industry Outlook | By Rodney Clough
We live in interesting times. Each day, we cannot be sure which way the stock market will swing, with its volatile nature and seemingly knee-jerk reactions to the trade and policy headline of the day. If the stock market serves as a leading indicator of times to come, the economy in 2019 is likely to slow in comparison to the one to which we've become accustomed. Despite this trajectory, other factors still signal that the hotel industry isn't likely falling off a cliff anytime soon.

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STR: U.S. hotel results for week ending 15 December
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 9-15 December 2018, according to data from STR. In comparison with the week of 10-16 December 2017, the industry recorded the following:

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

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STR: Middle East and Africa hotel performance for November 2018
Hotels in the Middle East reported mixed November 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, November 2018 vs. November 2017Middle East

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STR: Munich hotel supply to grow 15% by 2020
Munich's hotel inventory is expected to grow by 39 new properties and 7,397 rooms by 2020a 15.4% increase to the market's existing supplyaccording to STR's AM:PM database.Munich's hotel room inventory has increased 11.3% since the end of 2015. Currently, the Munich market comprises 463 hotels and 47,880 rooms, making it the third-largest hotel market in Germany. Berlin and Frankfurt rank first and second with 73,211 rooms and 48,507 rooms, respectively. Christian Strieder, STR's Country Manager for Germany, Austria and Switzerland, notes that Munich's performance has shifted in recent years amid significant supply growth. Occupancy declined in both 2016 (-3.4%) and 2017 (-0.4%), and was down 0.6% through the first 10 months of 2018. However, while average daily rate (ADR) fell 4.0% in 2017, the metric was up 4.0% for that October 2018 year-to-date time period. Demand (room nights sold) was up 4.2% as well. \"Event and conference business tends to play a key role in Munich's hotel business,\" Strieder said. \"We often see a fluctuation in hotel demand from events, while regular corporate demand usually remains steady. Markets that rely heavily on event business can experience sharp seasonal fluctuations in year-over-year performance levels. Large conferences will shift locations, and those that remain in the same city are usually not held annually. As Munich's hotel inventory expands, and the market continues to accommodate large events, it may take time for performance to stabilize during non-peak periods.\"

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

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U.S. Hotels Forecast to Enjoy Tenth Consecutive Year of Growth - CBRE Reports
CBRE Hotels Americas Research is forecasting record occupancy in 2019 amid solid economic growth. Mark Woodworth, Senior Managing Director with CBRE Hotels, discussed our updated December 2018 edition of Hotel Horizons.

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PwC Manhattan Lodging Index Q3 2018
Growth in average daily room rate (\"ADR\") began to slow from the first half of 2018, minimizing gains in revenue per available room (\"RevPAR\") for Manhattan hotels. During the third quarter, minimal increases in lodging supply exceeded growth in demand, with occupancy posting declines year-over-year. As pricing power diminished over the summer months for the Manhattan lodging market, RevPAR remained relatively flat over prior year levels, increasing 0.2 percent.

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HVS Asia Pacific Hospitality Newsletter - Week Ending 30 November 2018
Ascendas Hospitality Trust Acquires Ibis Ambassador Seoul for 77.5 Billion Won

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November

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

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STR: Israel hotel performance booming thanks to higher rates
Israels hotel industry is on pace for a record-breaking year with average daily rate (ADR) as the main driver of performance, according to data from STR.Through the first 10 months of 2018, Israel posted an ADR of ILS806.28, which was a 7.8% increase when compared with the same 10 months in 2017. Additionally, that absolute ADR level was the highest for any October year-to-date time period in STRs Israel database. Solid growth in demand that began in 2016 has given hoteliers in the country the confidence to push room rateseven as the presence of the sharing economy continues to broaden, said Thomas Emanuel, STRs director of business development. Occupancy comparisons have been fairly flat thus far in 2018, but ADR increases continue to drive positive year-over-year developments in RevPAR. Over the past two years, both occupancy and ADR have been maintained at roughly 10% above the previous performance peak in the country. All of this points to a healthy marketplace overall. Israels occupancy was 70.1% through October (-0.4% year over year), while revenue per available room (RevPAR) was ILS565.26 (+7.4% year over year). The absolute occupancy level was the second-highest for the October year-to-date time period, while the RevPAR level was the highest.

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Economic Outlook Solid for 2019: U.S. Hotels Forecast to Enjoy Tenth Consecutive Year of Growth According to Hotel Horizons Dec. 2018 Edition
Based on an upward revised outlook for the U.S. economy, CBRE Hotels Americas Research is forecasting the nations hotels will enjoy a 10th consecutive year of growth in 2019. According to the December 2018 edition of Hotel Horizons, U.S. hotel occupancy will rise to 66.2 percent next year, a fifth straight record level. The growth in occupancy is primarily the result of a projected 2.1 percent increase in demand, more than enough to offset an estimated net increase in supply of 1.9 percent for the year.

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Horwath HTL Industry Report: Koh Samui Top-tier Hotels
The emergence of Koh Samui as an alternative playground for well-heeled beach vacationers has led to the recent blossoming of five star and luxury resorts. New wealth has shifted east towards China and so does a surge of outbound getaway travellers. An upmarket position of Bangkok Airways and its control over the charming resort-like Samui International Airport present a good contrast to mass market orientation of Asian beach destinations like Phuket and Bali, and match well with a boutique concept and design of sprawling high-end resorts on the tropical paradise island. This latest report by Horwath HTL Thailand provides great insight into trends and outlook of Koh Samuis top-tier hotel market.

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

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

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

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

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

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PwC Hospitality Directions US - Updated Lodging Outlook
PwC's quarterly Hospitality Directions Report is a near-term outlook for the U.S. lodging sector, commonly used by industry decision-makers and stakeholders to better understand the impact of policy and other macro-environmental factors on the sector's operating performance. Our outlook includes metrics for the overall sector as well as for the chain scales.Here is a quick summary of its findings:

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Europe hotel supply development update - STR
In October, Germany reclaimed the top spot for rooms in construction, ahead of the U.K.

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Market Snapshot: Asia Pacific 2018 | By Hok Yean Chee
Transaction activity has been observed to be on a downward trend from 2013 until 2017, owing to the transactions of Dalian Wanda China portfolio to R&F Properties. Since then, the frequency of transactions have been high, with 228 recorded transactions from 4Q2017 to 3Q2018, slightly lower than the 251 recorded the previous four quarters.

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STR: Preliminary October data for Sydney hotels
STR's preliminary October 2018 data for hotels in Sydney, Australia, indicates an occupancy-driven performance decline.

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STR: Preliminary October data for Dubai hotels
STR's preliminary October 2018 data for Dubai, United Arab Emirates, indicates performance levels affected by continued supply growth.

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STR: Preliminary October data for London hotels
STR's preliminary October 2018 data for London, England, indicates significant performance levels and growth.

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HotStats U.S. September Market Review: Stronger Business Travel Leads to Profit-Per-Room Bounce
A bump in corporate travel at the end of the third quarter proved enough to boost GOPPAR and serve as a harbinger of continued strength in the hotel industry as it moves into the fourth quarter. Profit per room at hotels in the U.S. in September was more than $20 above the GOPPAR recorded in August, according to the latest data tracking full-service hotels from HotStats.

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October

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Lower Revenues, Higher Costs Lead to Profit Dips at Middle East & North Africa Hotels
September signalled yet another month of year-on-year profit decline for hotels in the region as the growth recorded in August's positive month of performance was wiped away. At $37.82 for the month, GOPPAR was only just above the annual low of $35.80 recorded in June.

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

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

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

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U.S. Lodging Performance Fell Short Of Budget In 2017 | By Robert Mandelbaum
In 2017, the actual achieved levels of occupancy, average daily rate (ADR), total revenue and profits for U.S. hotels were less than their respective budgeted amounts. After a five-year period (2011 through 2015) of extremely accurate budget projections, this marks the second consecutive year that owners and operators failed to meet their operating goals.

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GCC Hotel Development Cost Trends
Analyzing historical trends, the key reason behind escalating costs per key continues to be low in efficiency and utilization of space. Price per sqm of total built up area remains largely the same and therefore it is crucial that any design optimizes the turnover per sqm of built areas. HVS provides an indicative reasonable range of BUA per asset type.

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GCC Countrywide Hotel Performance Indicators
GCC countries have supported and grown inbound tourism in the last 15-20 years. The GCC region continues to drive growth and investment opportunities and HVS remain confident that accommodated room night demand will grow despite the aggressive development pipeline.

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International Tourism Maintains Strong Momentum - UNWTO reports
According to the World Tourism Organization (UNWTO)'s latest barometer, international tourist arrivals grew 6% in the first six months of 2018 after a record year of growth in 2017.

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Baird/STR Hotel Stock Index up 1.5% in September
The Baird/STR Hotel Stock Index rose 1.5% in September at 4,944. Year to date through the first nine months of 2018, the stock index was up 1.1%. \"The hotel brands and hotel REITs both reversed their recent relative underperformance and outpaced their respective benchmarks in September,\" said Michael Bellisario, senior hotel research analyst and VP at Baird. \"Investor expectations are now better aligned following second-quarter earnings, and the focus has begun to shift to 2019 outlooks. Also, recent positive economic data points suggest continued modest RevPAR growth, and rising interest rates provided a relative tailwind for the hotel REIT stocks during the month.\"\"It was nice to see investor sentiment more aligned with the recent run of record-breaking monthly demand,\" said Amanda Hite, STR's president and CEO. \"The industry's streak of RevPAR growth was tested by hurricane-affected comparisons in September, but our forecast calls for continued performance growth through 2019.\"The Baird/STR Hotel Stock Index outperformed the S&P 500 (+0.4%) and the MSCI US REIT Index (-3.2%). The Hotel Brand sub-index increased 3.4% from August to 7,294, while the Hotel REIT sub-index fell 1.9% to 1,773.

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STR: North Carolina sees 65 hotel closings, performance lift following Hurricane Florence
Among Hurricane Florence-affected states, North Carolina reported the greatest impact on hotel property status and performance, according to an analysis from STR's Consulting & Analytics team. As of 3 October, 65 hotels accounting for 4,422 rooms in North Carolina were confirmed to be closed due to storm-related damage. According to Dominik Kozissnik, STR's global census director, roughly half of the closed properties already have planned re-opening dates, most of which will be later this month or in November. South Carolina, on the other hand, reported three closings that totaled 323 rooms.

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STR: U.S. hotel results for week ending 29 September
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 23-29 September 2018, according to data from STR. In comparison with the week of 24-30 September 2017, the industry recorded the following:

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Hotel investment strategies in Sub-Saharan Africa evolve, as hotel trading gradually improves - JLL Reports
High supply growth during the past five years has placed pressure on hotel performance in Sub-Saharan Africa, yet the outlook in the medium term is positive, with a more sustainable pipeline and stronger demand fundamentals. This is one of the interesting facts 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 says that investors in the hotel sector in Sub-Saharan Africa are positive about the outlook for the sector, yet they also acknowledge that finding suitably yielding opportunities is more difficult today. Investors are increasingly looking at niche segments, new secondary markets and value-add acquisitions to reach their return targets.

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Hotel Industry Q4 2018 and Beyond | By Robert Rauch
Many of us who attended The Lodging Conference this past month heard Bernard Baumohl, Chief Economist for the Conference Board, provide his economic forecast. He covered topics in his usual fast, effective and entertaining style. Some interesting takeaways were that business spending is not up much, oil is going to see oversupply and is up markedly due to politics (not the market), and GDP will be up 3 percent this year, 2.2 percent next year and 1.4 percent in 2020, according to the Consensus Forecast.

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September

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STR: U.S. hotel results for week ending 22 September
The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 16-22 September 2018, according to data from STR. In comparison with the week of 17-23 September 2017, the industry recorded the following:

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August 2018: Summer Sunshine Warms Profits at UK Hotels
Hotels in the UK recorded a 9.2 percent year-on-year increase in profit per room in August, as warm temperatures lured lodging demand from domestic and international leisure sources, according to the latest data tracking full-service hotels from HotStats.

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Belgium hotel market recovers from terror attacks
The hotel market in Belgium has recovered from the downturn following the terrorist attacks in Brussels in 2016. This is shown in the annual HOSTA report from hotel consultant Horwath HTL. The hotel occupancies, which dropped considerably in 2016, are back at the level from before the attacks. The average room rates are also showing an increase.

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

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

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

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

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U.S. hotel results for week ending 15 September
The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 9-15 September 2018, according to data from STR. In comparison with the week of 10-16 September 2017, the industry recorded the following:

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PwC UK hotels forecast 2019
Our UK hotels forecast 2019 has launched today. We anticipate slower growth due to: Softer economic growth; High levels of new room supply and Weak business travel demand. The slower growth is especially apparent in London but the capital is still operating at the top of its game with some of the highest performance metrics in Europe.

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North American Hoteliers Kick Off Second Half of 2018 with Continued Steady Rates and Bookings; Q2 2019 Shows Signs of Softness
TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's August 2018 North American Hospitality Review (NAHR). According to this data, the second half of the year has stable rates and bookings across all travel segments, up 1.80 percent in average daily rates (ADR) and 0.51 percent in bookings in the third quarter when compared to the prior year. Group travel in Q3 is also up 1.81 percent in ADR and 0.50 percent in bookings, and the transient segment overall is up 1.80 percent in ADR and 0.52 percent in bookings in the same time period.

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Ten Years Later: Has The U.S. Lodging Industry Really Recovered? | By Robert Mandelbaum and Keval Rama
Lodging is a cyclical industry meaning that it passes over time through four distinct phases: peak, contraction, trough and expansion. Most industry participants believe that 2007 was the previous peak of the current business cycle following six years of expansion from the 2001 industry recession. According to STR, the demand for lodging increased for six consecutive years from 2002 through 2007, while average daily room rates (ADR) grew in excess of 4.5 percent during the latter four years. Per CBRE Hotels' Trends in the Hotel Industry survey, gross operating profits (GOP) were growing at a 10 percent annual pace leading up to 2007.

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

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Horwath HTL Industry Report: Auckland Hotel Market Outlook
Auckland has been one of the region's best performing hotel markets with RevPAR of the major hotels increasing by 60% over the past five years. Government and tourism agencies have been calling for more hotels to cope with the influx of international visitors. Developers and investors are responding despite increasing construction costs and local government taxes. But is their response proportional to the need?

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STR: U.S. hotel results for week ending 8 September
The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 2-8 September 2018, according to data from STR. In comparison with the week of 3-9 September 2017, the industry recorded the following:

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Manhattan Lodging Index Q2 2018
Average daily room rate (\"ADR\") was up for the sixth consecutive month, driving continued strength for Manhattan hotels in revenue per available room (\"RevPAR\") growth during Q2. During the quarter, growth in lodging demand continued to exceed increases in room supply, with occupancy posting gains quarterover-quarter and year-over-year. As pricing power appeared to finally return to the Manhattan lodging market, RevPAR increased 4.3 percent over prior year levels, driven largely by growth in ADR levels at hotels across all classes and neighborhoods. As the Manhattan lodging market continues to strengthen, ADR growth has improved, increasing 3.3 percent for the first half of 2018. RevPAR also showed improvement, increasing 5.5 percent during the first six months of the year. With occupancy reported at 90.7 percent in Q2 across Manhattan, Q2 2018 marked the highest year-to-date occupancy level over the 24-year period tracked.

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Baird/STR Hotel Stock Index flat in August
The Baird/STR Hotel Stock Index remained flat in August at 4,872. Year to date through the first eight months of 2018, the stock index was down 0.3%. \"The hotel brands and hotel REITs both underperformed their benchmarks for the third consecutive month in August,\" said Michael Bellisario, senior hotel research analyst and VP at Baird. \"While second-quarter earnings reports were generally positive, forward-looking guidance updates did not signal any further growth reacceleration would be forthcoming in the near term, which we believe left some investors disappointed, particularly as 2019 outlooks are coming into focus.\"\"The flat performance for the hotel stock index came after the industry reported the single largest room demand month ever in July, pointing to healthy business from all areas of the economy,\" said Amanda Hite, STR's president and CEO. \"As occupancy continues to increase gradually, all eyes are on the potential for accelerated pricing power. This becomes even more important as the rate of inflation grows, wiping out most nominal ADR gains and leaving real rate growth stymied. But overall trends continue to be healthy and our latest forecast calls for prolonged RevPAR growth through 2019.\"The Baird/STR Hotel Stock Index lagged behind the performance of the S&P 500 (+3.0%) and the MSCI US REIT Index (+2.8%). The Hotel Brand sub-index decreased 1.2% from July to 7,054, while the Hotel REIT sub-index jumped 2.0% to 1,808.

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STR: Preliminary August data for Melbourne hotels
STR's preliminary August 2018 data for hotels in Melbourne, Australia, indicates lower occupancy with higher rates. Based on daily data from August, Melbourne reported the following in year-over-year comparisons:

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STR: Preliminary August data for Jeddah hotels
STR's preliminary August 2018 data for Jeddah, Saudi Arabia, indicates strong demand and performance 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 London hotels
STR's preliminary August 2018 data for London, England, indicates strong performance driven by significant growth in demand. Based on daily data from the month, London reported the following in year-over-year comparisons:

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HVS Asia Pacific Hospitality Newsletter - Week Ending 7 September 2018
Heeton and KSH Jointly Acquires Smile Hotel Asakusa in Tokyo, Japan

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U.S. hotel results for week ending 1 September
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 26 August through 1 September 2018, according to data from STR. In comparison with the week of 27 August through 2 September 2017, the industry recorded the following:

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To Q3 and Beyond: Hotel Industry Forecast for San Diego, Arizona, Colorado, and Other U.S. Markets | By Robert A. Rauch
U.S. Economy

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CBRE Hotels Canada Q2 Update
CBRE Hotels Canada Q2 Update presents the highlights from the second quarter of 2018 relative to the 2018 Outlooks for the nation's major markets.

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August

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U.S. Traveler Sentiment and Intentions Are Down but Spend per Trip Is up From 2017
Following two record years for the travel industry, Traveler Sentiment and Intentions are beginning to taper off. Traveler Sentiment displayed a 6 point decrease from this time last year while travel intentions also displayed a 6 point decrease, according to the latest travelhorizons survey of 2,303 U.S. adults conducted by marketing services firm MMGY Global.

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STR: U.S. hotel results for week ending 25 August
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 19-25 August 2018, according to data from STR. In comparison with the week of 20-26 August 2017, the industry recorded the following:

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July 2018: Summer Slump at Hotels in the Middle East & Africa a Drag on Profits
GOPPAR at hotels in the Middle East & Africa dropped to a new low of $34.70 in July as temperatures in the region soared and demand levels lagged, according to the latest worldwide poll of full-service hotels from HotStats.

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PwC Hospitality Directions U.S. Report Updates Lodging Outlook Suggesting Sustained Momentum Through 2019
Stronger economic indicators in Q2, coupled with accelerating group demand, suggests sustained momentum for the lodging sector through 2019

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Canadian Lodging Outlook Quarterly 2018-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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UNWTO Highlights Confirm Another Record Year in 2017
International tourist arrivals grew 7% in 2017, the highest increase since 2010, according to the World Tourism Organization (UNWTO)'s latest collection of Tourism Highlights. Growth in arrivals was echoed by a strong increase in exports generated by tourism, which reached US$ 1.6 trillion in 2017, making tourism the world's third-largest export sector.

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Colliers International release their Australia New Zealand Capital Market Investment Review Hotels research report
Gus Moors and Karen Wales of Colliers International have found that Australian hotel transaction activity slowed in FYE2018 with volumes easing to $1.338 billion - however deal flow increased with 35 transactions (above $10 million) concluding throughout the year; This compares to 30 transactions in FYE2017.

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STR: Central/South America hotel performance for July 2018
Hotels in the Central/South America region reported a slight occupancy decline with significantly higher room rates during July 2018, according to data from STR.

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HVS Market Pulse: Greater Phoenix, AZ | By Michael Smithson
Following several years of strong RevPAR growth leading up to Super Bowl XLIX in 2015, growth in the Phoenix market has slowed somewhat. ADR growth was modest in 2016, as much of the market experienced a post-Super Bowl correction, but ADR rebounded in 2017. Occupancy growth has remained relatively modest since 2016, slowing even more in 2017 but remaining positive. Year-to-date data through May 2018 illustrate modest increases in both occupancy and ADR, resulting in moderate RevPAR gains.

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U.S. hotel forecast lifted for 2018 and 2019
The U.S. hotel industry is projected to exceed earlier forecasts and continue on its record-breaking performance run through 2019, according to STR and Tourism Economics' revised forecast just released at the 10th Annual Hotel Data Conference. \"Rarely do we lift our ADR projections during our mid-year revisions, but stronger-than-expected pricing power over the last quarter has led us to lift our rate forecast by 10 basis points,\" said Amanda Hite, STR's president and CEO. \"Certainly, inflation plays a role in ADR growthinflation-adjusted figures show that ADR has basically been flatbut solid economic conditions and an earlier stronger impact from the recent tax cuts are helping to push growth further in the metrics.\"

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STR: U.S. hotel results for week ending 11 August
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 5-11 August 2018, according to data from STR. In comparison with the week of 6-12 August 2017, the industry recorded the following:

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HVS Market Pulse: Bangkok, Thailand
Bangkok, located in the central region of Thailand, is the county's political and commercial centre and has been the official capital city since 1782. Bangkok is also the main gateway city to Thailand and serves as an aviation hub for the region. The city attracts international and regional markets through a combination of cultural charm and modern shopping centres, appealing to a wide range of travellers. The following article gives a brief overview of Bangkok, its different sub-markets, its tourism industry, and the recent dynamics of the local lodging market.

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STR's Caribbean/Mexico hotel supply development update - July 2018
Located below is our latest infographic for Caribbean/Mexico hotel supply development. Click on the image should you need to download a high-resolution version. Additionally, we are more than happy to help if you would like to receive pipeline figures for other markets. Please feel free to contact the STR representatives listed below with your request. As always, we welcome any feedback you may have regarding our media communications.

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STR's Central/South America hotel supply development update - July 2018
Located below is our latest infographic for Central/South America hotel supply development. Click on the image should you need to download a high-resolution version. Additionally, we are more than happy to help if you would like to receive pipeline figures for other markets. Please feel free to contact the STR representatives listed below with your request. As always, we welcome any feedback you may have regarding our media communications.

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STR's Asia Pacific hotel supply development update - July 2018
Located below is our latest infographic for Asia Pacific hotel supply development. Click on the image should you need to download a high-resolution version. Additionally, we are more than happy to help if you would like to receive pipeline figures for other markets. Please feel free to contact the STR representatives listed below with your request. As always, we welcome any feedback you may have regarding our media communications.

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STR's U.S. hotel supply development update - July 2018
Located below is our latest infographic for U.S. hotel supply development. Click on the image should you need to download a high-resolution version. Additionally, we are more than happy to help if you would like to receive pipeline figures for other markets. Please feel free to contact the STR representatives listed below with your request. As always, we welcome any feedback you may have regarding our media communications.

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STR's Europe hotel supply development update - July 2018
Located below is our latest infographic for Europe hotel supply development. Click on the image should you need to download a high-resolution version. Additionally, we are more than happy to help if you would like to receive pipeline figures for other markets. Please feel free to contact the STR representatives listed below with your request. As always, we welcome any feedback you may have regarding our media communications.

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STR's Middle East and Africa hotel supply development update - July 2018
Located below is our latest infographic for Middle East and Africa hotel supply development. Click on the image should you need to download a high-resolution version. Additionally, we are more than happy to help if you would like to receive pipeline figures for other markets. Please feel free to contact the STR representatives listed below with your request. As always, we welcome any feedback you may have regarding our media communications.

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Whitebridge EMEA hotels monitor August 2018
Brexit aside, strong economic growth, political stability and growing tourism numbers have fuelled strong growth in performance levels across most of Europe. France continues to recover from a succession of poor years, whilst others are maximising on the international travel boom.

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STR: Preliminary July data for London hotels shows record-breaking performance
STR's preliminary data for London, England, indicates record-breaking levels in average daily rate and revenue per available room.Based on daily data from July, London reported the following in year-over-year comparisons:

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

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STR: Preliminary July data for Sydney hotels
STR's preliminary July 2018 data for hotels in Sydney, Australia, indicates performance affected by significant supply growth and less market events. Based on daily data from July, Sydney reported the following in year-over-year comparisons:

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STR: U.S. hotel results for week ending 4 August
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 29 July through 4 August 2018, according to data from STR. In comparison with the week of 30 July through 5 August 2017, the industry recorded the following:

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STR: U.K. holiday rental data shows different performance trends than hotels
Holiday rentals in the United Kingdom showed lower occupancy, higher prices and different seasonal trends than hotels in the market, according to a STR analysis of SuperControl proprietary data.The analysis, conducted to provide a high-level understanding of the lodging landscape in the U.K., compares three years of market-level data (2015-17) from STR's industry leading hotel performance database with holiday rental data from SuperControl's booking and management software. While SuperControl provided STR with property-level performance data for its entire U.K. portfolio of more than 12,000 properties, STR chose to limit its analysis to rentals with four or fewer bedrooms to provide a more relevant comparison with hotel rooms. STR was not remunerated in any way for its analysis, and its participation in this analysis was not contingent upon developing or reporting predetermined results. Additionally, this analysis may not be fully representative of the wider U.K. holiday rental market. Key findings from the analysis include:

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Top Franchise Companies And Brands In The U.S. Construction Pipeline
In the second quarter of 2018, analysts at Lodging Econometrics (LE) report that the top franchise companies with the largest construction pipelines are: Marriott International with 1,351 projects/177,743 rooms, Hilton Worldwide with 1,327 projects/147,728 rooms, and InterContinental Hotels Group (IHG) with 932 projects/95,018 rooms. Development projects in these three franchise companies comprise 66% of total construction pipeline rooms.The largest brands for each of these companies are Marriott's Fairfield Inn with 284 projects/27,584 rooms, Hilton's Home2 Suites by Hilton with 384 projects/40,240 rooms and IHG's Holiday Inn Express with 430 projects/40,162 rooms. These three brands alone make up 17% of the total construction pipeline rooms.Other high volume brands in the pipeline for each of these franchises are: Marriott's TownePlace Suites with 201 projects/20,737 rooms and Residence Inn with 190 projects/23,443 rooms; Hilton's Hampton Inn and Suites with 302 projects/30,700 rooms and Tru by Hilton with 298 projects/28,776 rooms; and IHG's Staybridge Suites with 143 projects/15,206 rooms and Avid Hotel with 121 projects/11,187 rooms.

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

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Leading Markets in the U.S. Construction Pipeline
According to the second quarter construction pipeline trend report by Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines are: New York City with 169 projects/29,365 rooms; Dallas with 156 projects/18, 908 rooms; Houston with 150 projects/16,321 rooms; Nashville with 123 projects/16,392 rooms; and Los Angeles with 121 projects/18,037 rooms. The five top markets with the most projects currently under construction are New York City with 101 projects/17,108 rooms, Dallas with 47 projects/6,350 rooms, Nashville with 43 projects/7,005 rooms, Houston with 40 projects/4,738 rooms, and Atlanta with 28 projects/3,387 rooms. In the second quarter, Nashville has the largest number of new projects announced into the pipeline with 13 projects/1,351 rooms, followed by Los Angeles with 12 projects/1,845 rooms, New York City with 11 projects/1,075 rooms, Houston with 11 projects/909 rooms, and Dallas with 10 projects/1,229 rooms. If all of the projects in their pipelines come to fruition, these leading markets will increase their current room supply by: Nashville 38.2%, Austin 29.3%, Fort Worth 28.5%, San Jose 25.3%, and New York City 25.2%. Hotels forecast to open in 2018 are led by New York City with 45 projects/7,762 rooms, followed by Dallas with 33 projects/ 3,813 rooms, and then Houston with 27 projects/3,114 rooms. In 2019, New York is forecast to again top the list of new hotel openings with 52 projects/7,356 rooms while, at this time, Dallas is anticipated to take the lead in 2020 with 40 projects/4,943 rooms expected to open.

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Opportunity abounds in African Apart-Hotel sector
\"When looking at the growth of Africa's apart-hotel sector, it's clear that the market still brims with opportunity,\" says Wayne Troughton, CEO of specialist global hospitality and tourism firm, HTI Consulting.

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U.S. Construction Pipeline Continues Moderate Growth Year-Over-Year
At the end of the second quarter, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline stands at 5,312 projects/634,501 rooms, up 7% from 2017's 4,973 projects/598,371 rooms. The pipeline has been growing moderately and incrementally each quarter and should continue its upward growth trend as long as the economy remains strong. Pipeline totals are still significantly below the all-time high of 5,883 projects/785,547 rooms reached in 2008. Projects scheduled to start construction in the next 12 months have seen minimal change year-over-year (YOY) with 2,291 projects/266,878 rooms. Projects currently under construction are at 1,594 projects/208,509 rooms, the highest recorded since 2007. This also marks the fourth consecutive quarter that the number of rooms under construction has been over 200,000 units. Early planning with 1,427 projects/159,114 rooms, saw a 25% increase in projects and 18% increase in rooms YOY. This increase in early planning is typical late cycle activity where developers are anxious to move from the drawing board into the permitting phase prior to any economic slowdown. Many are larger projects that wait for peak operating performance in their markets before seeking financing. Both the increase in projects under construction and those in the early planning stage are reflective of the urgency developers currently have before the economy softens and/or interest rates further accelerate.

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Knowledge Center MPI Summer 2018 Edition of Meetings Outlook Report

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GBR - Greek Hospitality Industry Performance 2018 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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July

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Horwath HTL Industry Report: Wellness-themed vs Wellness Hospitality
With the rise of the global wellness industry, many hospitality companies increasingly incorporate various elements of wellness into their product and service offering. The reality is that merely highlighting healthy features or amenities is 'well-washing' and confuses developers and consumers alike.

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Asian cities dominate top 10 rankings of international tourist arrivals in 2017, says GlobalData
Asian cities had outnumbered their counterparts in Europe and America in terms of international tourist arrivals in 2017, according to leading data and analytics company GlobalData. Asia was represented by seven citiesBangkok, Singapore, Tokyo, Hong Kong, Seoul, Kuala Lumpur and Shenzhenwhile Europe, Middle East and America were limited to one city eachwith London, Dubai and New York City respectively.

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STR: Federal conference spending dips for first time since 2013
U.S. government conference spending for fiscal year 2017 decreased 15.7% after four consecutive years of growth, according to an analysis by STR's Market Insights teamFor the purpose of its analysis, STR included only those conferences with a minimum total net cost of $100,000 of taxpayer money. Memorandum 12-12 from the Office of Management and Budget requires such conferences to be reported publicly. Total conference spend in 2017 was $140 million after the government spent $166 million in 2016. Previous yearly totals were $121 million in 2015, $107 million in 2014, $100 million in 2013 and $276 million in 2012. \"The last decrease in the industry came after reports of reckless spending by certain government departments in 2012,\" said Chris Klauda, STR's Senior Director of Market Insights. \"That year (2013), entire industry spending dropped by nearly two-thirds following M-12-12. Aside from the decrease in 2017, the most interesting finding from our study was that several agencies appear to no longer report their conference spending after reports were made public consistently for the previous five years. That is likely due to loosened enforcement of public expenditure reporting from M-17-08.\"

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STR: Mexico hotel occupancy falls during Q2 2018
Mexico's hotel industry reported lower occupancy levels but growth in room rates during Q2 2018, according to data from STR. Compared with Q2 2017:

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STR: Canada experiences highest Q2 hotel occupancy since 1999
Canada's hotel industry reported positive year-over-year results in the three key performance metrics during the second quarter of 2018, according to data from STR. Compared with Q2 2017:

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HotStats MENA Chain Hotels Market Review - June 2018
June 2018: RevPAR Up But Profit Down at Hotels in the Middle East & Africa Falling Non-Rooms Revenues, as well as rising costs, contributed to the -2.3% decline in GOPPAR at hotels in the Middle East & Africa in June, which was also in spite of a +1.4% year-on-year increase in RevPAR, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: U.S. hotel results for week ending 21 July
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 July 2018, according to data from STR. In comparison with the week of 16-22 July 2017, the industry recorded the following:

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STR & MAGMA: Spanish hotel sector still booming despite upcoming challenges
Thanks to strong performance growth in several markets, Spain's hotel industry has seen a surge in investment interest despite the political situation in Barcelona, according to STR and Magma Hospitality Consulting. \"Investment into Spain's hotel sector has been largely driven by strong international tourism demand, even during the financial crisis,\" said Albert Grau, founding partner of Magma. \"Increasing holiday tourism, as well as 'bleisure' travel, have set the market up for numerous development opportunities, with several operators currently working to improve their products and services to meet this increasing demand.\"

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HotStats UK Chain Hotels Market Review for June 2018
June 2018: UK Hotels Record First Profit Growth in a Challenging Year Hotels in the UK recorded a 3.0% increase in profit per room in June, which was the first monthly year-on-year growth in this measure since the beginning of 2018 and was thanks to an uplift in revenue which outpaced the ongoing increase in costs, according to the latest worldwide poll of full-service hotels from HotStats.

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HVS Market Pulse: Tucson, AZ
The Tucson lodging market often lives in the shadow of its bigger sibling, Phoenix. And while meeting and group demand in both markets is driven by Arizona's idyllic weather during the winter and spring, differences in local dynamics paint significantly different pictures in terms of leisure and commercial demand.

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June 2018: Standout GOPPAR Growth Contributes to Positive H1 Performance at U.S. Hotels
An +8.5 percent year-on-year increase in profit per room in June contributed to the +4.2 percent increase for H1 2018 at U.S. hotels, which was due to an increase in revenue as well as a reduction in costs, according to the latest worldwide poll of full-service hotels from HotStats.

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STR: Middle East and Africa hotel performance for Q2 2018
Hotels in the Middle East reported negative Q2 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, Q2 2018 vs. Q2 2017Middle East

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STR: Asia Pacific hotel performance for Q2 2018
Hotels in the Asia Pacific region posted growth across the three key performance metrics during Q2 2018, according to data from STR.U.S. dollar constant currency, Q2 2018 vs. Q2 2017Asia Pacific

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STR: Europe hotel performance for Q2 2018
Europe's hotel industry reported positive results in the three key performance metrics during Q2 2018, according to data from STR.Euro constant currency, Q2 2018 vs. Q2 2017Europe

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STR: U.S. hotel industry reaches 100 consecutive months of RevPAR growth
June 2018 was the U.S. hotel industry's 100th consecutive month of growth in revenue per available room (RevPAR), according to data from STR.

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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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April

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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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