European destinations have paved the way for an encouraging summer season with a third of reporting destinations enjoying double-digit expansion to date. Europe remains the leading destination worldwide despite increased competition and current forecast for 2018 suggests a moderate expansion trending around 3-4%.
U.S. hotel occupancy declined 3.1% year over year to 63.5% during the week of 1-7 July, and despite a 1.1% ADR increase to $123.59, RevPAR dropped 2% to $78.47.
Hotels in Canada reported occupancy dropped 1.7% to 72% during the week of 1-7 July, but a 3.1% ADR increase to 177.98 Canadian dollars ($135.22) lifted RevPAR up 1.4% to CA$128.13 ($97.35).
In June year-over-year data, Munich hotels showed a 13.6% increase in demand, which outpaced supply growth (+5.2%), resulting in a 7.9% boost in occupancy and increases of 8.6% in ADR and 17.2% in RevPAR.
In June year-over-year data, Jeddah hotels reported demand (+12.3%) that outpaced supply growth (+8.7%), which resulted in increases of 3.2% in occupancy, 16.1% in ADR and 19.9% in revenue per available room.
Hotels in Melbourne saw occupancy increase 0.2% to 77.7% in June, according to preliminary monthly data from STR.
London hotels reported occupancy rose 2.2% to 86.1% in June, according to preliminary STR monthly data. While ADR dipped 0.6% to £160.84 ($213.06), RevPAR increased 1.6% to £138.46 ($183.42).
Job openings edged down to 6.6 million on the last business day of May. Over the month, hires and separations were little changed at 5.8 million and 5.5 million, respectively.
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Hotels in Singapore reported positive hotel performance in June, according to preliminary STR data. Occupancy rose 5.5% to 83.1%, ADR increased 1.7% to 262.60 Singapore dollars ($193.53) and RevPAR rose 7.2% to SG$218.23 ($160.83).