Hotels in the Middle East reported negative results, while hotels in Africa reported mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to April 2016 data from STR.
In year-over-year comparisons, the industry's occupancy decreased 0.9% to 70.7%. However, average daily rate for the week was up 2.7% to US$125.76, and revenue per available room increased 1.9% to US$88.88.
Compared with April 2015, Europe reported a 3.5% increase in occupancy to 71.4%, a 3.8% rise in average daily rate to EUR109.54 and a 7.4% lift in revenue per available room to EUR78.20.
Compared with April 2015, the Central/South America region reported a 1.5% decrease in occupancy to 56.4%. However, ADR was up 6.4% to US$93.39, and RevPAR grew 4.8% to US$52.62.
Posted 1 day, 16 hours ago
Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce that Michael Levie, CHTP and Prakash Shukla will be inducted into the HFTP International Hospitality Technology Hall of Fame at the Hospitality Industry Technology Exposition and Conference (HITECSM) in New Orleans, La...
Posted 2 days, 17 hours agoHFTP – Hospitality Financial and Technology Professionals Announces 2016 International...