Categories › Trends
Positive Performance Metrics for US Hotel Industry for Week Ending December 10th – 2016
December 15, 2016
In year-over-year comparisons, the industrys occupancy increased 1.7% to 59.2%, and average daily rate (ADR) was up 3.9% to US$120.12. As a result, revenue per available room (RevPAR) grew 5.7% to US$71.08.
Read This Post
Positive Performance Metrics for Canadian Hotel Industry Week Ending 10 December 2016
December 15, 2016
In year-over-year comparisons, the countrys occupancy increased 4.6% to 57.1%. Average daily rate (ADR) for the week was up 3.7% to CAD135.33. Revenue per available room (RevPAR) grew 8.5% to CAD77.31.
Read This Post
Shopping For Profits – Retail Outlets Are More Efficient – By Robert Mandelbaum
December 15, 2016
Historically hotels have offered retail operations primarily for guest convenience and satisfaction. In general, the revenue generated by hotel retail outlets represents only a small part of total hotel revenue. Of the properties in the Trends® in the Hotel Industry database of CBRE Hotels Americas Research that reported retail revenues and expenses, retail sales made up just 0.9 percent of total hotel revenue in 2015.
Read This Post
Unlimited Demand for Growth of Makkahs Hotel Sector
December 14, 2016
According to JLL's report 'Makkah, A City within a City'
Read This Post
Hotel Booking Trends for 2016 Holiday Travel
December 14, 2016
Tourico Holiday today shared its inaugural Holiday Hotel Report offering data and trends in hotel booking behavior during the holiday season.
Read This Post