Preliminary October data shows Melbourne hotel occupancy dipped 1.4% to 85.2%, ADR decreased 3.5% to 188.95 Australian dollars ($128.99) and RevPAR fell 4.9% to AU$160.98 ($109.90).
Year-to-date growth in all reporting destinations was up 3.4% on a weighted average basis, although significantly slower than in the previous two years · A no deal Brexit would affect tourism flows through a series of macroeconomic channels, sentiment impacts, and potential travel disruption
According to the third quarter construction pipeline trend report published by Lodging Econometrics (L.E.), the top five markets with the largest hotel construction pipelines by projects is led by Los Angeles with 161 projects/26,670 rooms.
In the Lodging Econometrics (LE) fall report for 2019, the franchise companies dominating the United States hotel construction pipeline are led by Marriott International with 1,484 projects/196,023 rooms, up 8% by projects and rooms year-over-year (YOY).
In 2018, transaction activity in Asia Pacific continued its strong momentum from 2017 and achieved transaction volume of approximately USD12.8 billion worth of hospitality assets, indicating a 26.6% increase year-on-year.
In its fall report, buoyed by a steady consumer-driven economy, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline stood at 5,704 projects/700,496 rooms, up 6% by projects and 8% by rooms year-over-year (YOY).
JLLs latest Global Market Perspective shows that momentum is moderating but market fundamentals remain robust
The Baird/STR Hotel Stock Index increased 0.2% in October to 4,641. Year to date through the first 10 months of 2019, the index was up 14.0%.
In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on New York City, LE states that New York City has a total of 155 projects/26,605 rooms in the construction pipeline, one of the top three largest pipelines in the U.S.
Since the first edition of 'Branded Residences: An Overview' was published in 2016, it has become established as an industry 'go to' report. With 56-pages featuring expert insights, opinion and latest data from industry leaders across the globe, the new 3rd edition presents the most comprehensive study of this thriving sector. Free download at www.gagms.com.