Only hotels in the South Atlantic region experienced a positive price momentum during this period. The performance of hotels in non-gateway cities declined at a faster rate relative to those in gateway cities. Hotel financial operating performance has finally returned to positive profitability with operating profit exceeding both a hotel propertys operating costs as well as financial (borrowing) cost, based on economic value analysis (EVA).
During the week of 6-12 October, U.S. hotel occupancy fell 1.4% to 70.8%, ADR dipped 1.2% to $131.38 and RevPAR decreased 2.6% to $92.99.
Canadian hotel occupancy rose 1.6% to 70.4% during the week of 6-12 October while ADR increased 0.7% to 158.96 Canadian dollars ($120.90) and RevPAR rose 2.3% to CA$111.91 ($85.11).
Hotels in Sydney reported occupancy fell 3.5% to 79.6% in September, according to preliminary STR data. ADR decreased 2.6% to 205.44 Australian dollars ($138.60) and RevPAR declined 6.1% to AU$163.60 ($110.37).
Hotels in Abu Dhabi, United Arab Emirates, reported occupancy rose 8.3% to 72.9%, ADR increased 1.2% to 341.72 Emirati dirhams ($93.05) and RevPAR rose 9.6% to 249.03 dirhams ($67.81).
Private investors from the Middle East are targeting real estate in Europe and North America.
The Stow has always been a great hotel. Sitting high on the hill overlooking the river its bones and lines are completely classic. The 505 rooms all have a view of something great. For decades, the hotel had been the home away from home for the elite of the world.
In September, London hotel occupancy change was mostly flat (-0.1% to 86.9%), but a 7.9% ADR increase to £170.63 ($215.27) drove RevPAR up 7.7% to £148.33 ($187.14).
Halloween isnt the only spooky theme in October. The witches, goblins, and ghouls have to share this month with something just as scary… cybersecurity hackers.
Now that the GDPR has been in effect for over a year, the workgroup continued their work to publish an updated white paper. The group went beyond cleaning up and clarifying the output of the first phase by providing guidance regarding data processing agreements, clarity through communicative FAQs and perspective through the creation of a '12-Step Prioritized Approach to Privacy Regulation Compliance.'