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Hotwire Reveals Canadian Hotel Rate Report for March 2010
Calgary Tops the Hotel Rate Report for the Third Consecutive Month ...more
New Survey Provides Hoteliers Insight on Industry Trends
As the hospitality industry continues to recover, hoteliers look for insight on industry trends. To provide that insight, the Hospitality Sales & Marketing Association International (HSMAI) and VIZERGY®, leaders in hotel Internet marketing, have teamed up to conduct a dynamic study that will help properties increase their online revenue and understand how their peers are navigating the volatile environment. ...more
Jordans Tourism Sector Shows Resilience According to Deloitte Analysis of 2009 Hotel Performance
In what was a testing year for tourism markets globally after the fallout of the world financial crisis, Jordan showed signs in 2009 of withstanding the challenge. The country observed an occupancy rate of 56.1 percent in the 12-month period ended December 2009, according to statistics from STR Global, which reflects a year-on-year decrease of 18 percent. However, revenue per available room (RevPAR) in the same period decreased relatively less, by 5.7 percent, to US$82.11. ...more
Middle East Hoteliers Prove to Be the Strongest
Deloitte has confirmed that hotels in the Middle East achieved the highest occupancy, average room rates and revPAR globally in 2009. Data prepared by STR Global, shows occupancy reached 61.3 percent for the year, while average room rates and revenue per available room (revPAR), stood at US$202 and US$124 respectively. ...more
European Hotels on the Up
Recent analysis by Deloitte has found that recovery in European hotel performance is on the horizon. Demand has experienced an upturn since October 2009, before pushing into positive territory in December 2009 - up 4.2 percent. STR Global results for January 2010 also show a healthy 3.3 percent increase in the region against January 2009. ...more
European Hotel Real Estate: a Long, Slow Haul Back
Key highlights from Emerging Trends in Real Estate Europe 2010 ...more
UK Hotels Forecast 2010 and 2011: On the Comeback Trail
Hotels are on the comeback trail. More accurately hotels appear to be on two separate trails to recovery a super-highway for London and a much rougher Provincial trail. ...more
World Travel & Tourism Council Forecasts Subdued Growth For 2010
World GDP fell by 2.1% in real terms, with developed economies - a major source of demand for Travel & Tourism - the most severely affected. Households curtailed leisure travel plans, substituting lower-cost short-haul and domestic travel for more expensive long-haul trips, and corporations reduced business travel budgets. ...more
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