Trends

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.

African Hotel Sector Offers Potential for Further Growth over the Next Five Years

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).