In the second quarter, U.S. hotel occupancy rose 1.1% year over year to 70.2%, ADR increased 2.9% to $131.02 and RevPAR rose 4% to $91.94.
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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 investors interest. As a consequence, writes the team from Horwath HTL Ivory Coast, Dakars hotel pool has further strengthened whilst secondary clusters are developing at a steady pace (mainly in Petite Côte region, Diamniadio).
U.S. hotel occupancy decreased 1.6% to 76.1% during the week of 8-14 July, according to STR. ADR climbed 1.2% to $132.14 during the week, but RevPAR dipped 0.4% to $100.56.
During the week of 8-14 July, Canada's hotels reported occupancy dipped 1.9% to 77.8%, but a 3.7% ADR increase to 182.12 Canadian dollars ($137.47) boosted RevPAR up 1.8% to CA$141.67 ($106.94).
U.S. hotels have now posted 100 consecutive months of year-over-year RevPAR growth. Additionally, each of the key performance metrics are at record highs on a 12-month moving average.
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The 100-month streak is still one year shy of the longest overall expansion cycle in industry history, which lasted 112 months from December 1991 through March 2001.
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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.