STR: 2016 Performance Results – Worldwide

TrevPAR World STR Page

STR: 2016 Asia/Pacific Hotel Performance

According to full-year 2016 performance data from STR, hotels in the Asia/Pacific region experienced a 1.6% occupancy increase to 69%, and while ADR fell 0.9% to $100.46, RevPAR rose slightly by 0.6% to $69.34.

Asia Pacific Region

Occupancy: +1.6% to 69.0%

Average daily rate (ADR): -0.9% to US$100.46

Revenue per available room (RevPAR): +0.6% to US$69.34

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STR: 2016 Caribbean Hotel Performance

In 2016, the Caribbean hotel industry saw occupancy decline 2.3% to 66.7%, while ADR dropped 0.3% to $201.50 and RevPAR decreased 2.6% to $134.48 compared with 2015.

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STR: 2016 Central/South America Hotel Performance

According to STR’s 2016 year-over-year results, the Central/South America region saw occupancy decline by 4.3% to 55.6%, while ADR increased 9.3% to $94.69 and RevPAR rose 4.5% to $52.64.

Central/South America Region

Occupancy: -4.3% to 55.6%

Average daily rate (ADR): +9.3% to US$94.69

Revenue per available room (RevPAR): +4.5% to US$52.64

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STR: 2016 Europe Hotel Performance

The European hotel industry experienced a 0.6% occupancy increase to 70.4% in 2016, as ADR rose 1.5% to €111.77 ($120.22) and RevPAR increased 2.1% to €78.64 ($84.58).

Europe

Occupancy: +0.6% to 70.4%

Average daily rate (ADR): +1.5% to EUR111.77

Revenue per available room (RevPAR): +2.1% to EUR78.64

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STR: 2016 Middle East and Africa Hotel Performance

Middle East hotels reported decreases in occupancy (-2.2% to 66.2%), ADR (-7.2% to $174.60) and RevPAR (-9.2% to $115.59) for full-year 2016 results. Hotels in Africa posted a 3.6% occupancy decline to 55.4% during the year, but a 10.7% ADR increase to $108.14 drove a 6.7% RevPAR jump to $59.87 during the year.

Middle East

Occupancy: -2.2% to 66.2%

Average daily rate (ADR): -7.2% to US$174.60

Revenue per available room (RevPAR): -9.2% to US$115.59

Africa

Occupancy: -3.6% to 55.4%

ADR: +10.7% to US$108.14

RevPAR: +6.7% to US$59.87

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Download the December 2016 global hotel review here.

Source – Hotel News Now