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Hotel Industry News |
Saturday November 22nd, 2008 |
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HotelBenchmark Survey November 2002 Performance |
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The HotelBenchmark Summary Report for November 2002 from Deloitte and Touche illustrates the continuation of mixed performance for hotels across Asia Pacific, the Caribbean and Latin America, Europe and the Middle East. |
To mitigate the impact of seasonality, the rolling 12-month summary report reflects the performance of a consistent sample of hotels between December 2001 and November 2002. Key markets across the Asia Pacific region demonstrate that occupancy levels generally improved both for the month of November and for the rolling 12-months to November when compared to the same periods the previous year. Auckland shows the greatest improvement in performance during November as high occupancy levels during the America's Cup enabled hoteliers to increase average room rates by 35 percent when measured in US dollars, boosting RevPAR by a massive 66 percent.
For the complete article - click here
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