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Job openings reach a series high of 7.3 million on the last business day of December. Hires and separations were little changed at 5.9 million and 5.5 million, respectively.
The absolute occupancy, ADR and RevPAR levels are the highest for any January in STR’s London database. STR analysts note that daily data shows performance was fueled by the first two days of the year and strong weekday levels.
The U.S. hotel industry reported a 4.5% increase in rooms in construction compared with January 2018.
STR’s preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory.
A strong economy, rising global consumer purchasing power, and digital innovation have all fueled record growth in the travel and hospitality industry. But there are still several challenges that could throw the industry off course in 2019. What are the biggest trends likely to shape hospitality, airlines, cruises, and ground transportation in the year ahead?
STR’s preliminary January 2019 data for hotels in Sydney indicates lower occupancy and room rates influenced by supply growth.
With one of my main roles at KTN being to conduct front desk hospitality training worldwide, one issue that always seems to surface is turnover at the front desk. Turnover everywhere in the hotel staff is a major challenge in tight labor markets most hotels operate within, however it seems to especially be an issue at the front desk.
This is the fifth edition of the study with the aim of providing the industry with publicly accessible data on hotel capital expenditures. The book presents data on trends in capital expenditures by various hotel segments, including full-service, select-service and extended-stay. With the data provided in the CapEx 2018 study, industry decision makers can better evaluate and make informed decisions with regard to capital expenditures for their properties and repairs and maintenance spending.
During the week of 27 January to 2 February, U.S. hotel occupancy was mostly flat (+0.1% to 56.7%), but a 2.3% ADR increase to $124.95 drove RevPAR up 2.4% to $70.83.
Canadian hotel occupancy rose 1.8% to 56.6% during the week ending 2 February, while a 2.1% ADR increase to 147.29 Canadian dollars ($111.06) drove RevPAR up 3.9% to CA$83.35 ($62.85).