STR – Preliminary October 2016 Data

TrevPAR World STR Page

STR: Preliminary October 2016 data for Dubai

Preliminary October 2016 performance data from Dubai projects the market experienced a 2% occupancy decrease to 77.9%, a 10.3% ADR decrease to 767.58 Emirati dirham ($208.97) and a 12% RevPAR decrease to 598.09 Emirati dirham ($162.83).

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STR: Preliminary October 2016 data for London

STR’s October 2016 preliminary performance data for London shows the market’s hotels experienced a 4% occupancy decrease to 85%, a 7.7% ADR decrease to £149.72 ($189) and a 11.4% RevPAR decrease to £127.23 ($160.63).

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STR: Preliminary October 2016 data for Melbourne

STR’s October 2016 preliminary performance data from Melbourne projects a 1.7% occupancy decrease to 87.3%, a 0.7% ADR increase to 206.45 Australian dollars ($156.59) and a 1.1% RevPAR decline to AU$180.22 ($136.70).

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STR: Preliminary October 2016 data for Munich

STR’s preliminary October 2016 performance data for Munich indicates the market experienced a 4.2% occupancy decrease to 82.5%, an 8.9% ADR decrease to €149.93 ($163.48) and a 12.7% RevPAR decrease to €123.74 ($134.93).

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STR: Preliminary October 2016 data for Singapore

STR’s preliminary October 2016 data from Singapore indicates the market reported a 7.2% occupancy decrease to 79.8%, a 6.4% ADR decrease to 278.62 Singapore dollars ($197.65) and a 13.1% RevPAR decrease to SG$222.40 ($157.76).

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STR: US hotel performance for October 2016

During October 2016, the U.S. hotel industry reported nearly flat occupancy (-0.3% to 68.6%), while ADR increased 1.9% to $126.73 and RevPAR grew 1.6% to $86.94.

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STR: Asia/Pacific hotel performance for October 2016

STR reports hotels in the Asia/Pacific region experienced nearly flat year-over-year results in October 2016. Occupancy increased 0.5% to 71.3%, while ADR decreased 0.4% to $103.77 and RevPAR was mostly flat (+0.1% to $74.02).

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STR: Europe hotel performance for October 2016

During October 2016, Europe’s hotel industry reported flat occupancy (-0.4% to 75.3%), while ADR decreased 1.6% to €113.51 ($119.98) and RevPAR fell 2% to €85.47 ($90.32) in year-over-year performance.

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STR: Middle East/Africa hotel data for October 2016

During October 2016, hotels in the Middle East experienced a 4.4% occupancy decrease to 64%, a 9% ADR drop to $174.19 and a 13% RevPAR decrease to $111.48. African hotels saw occupancy decline 5.1% to 58.5%, while ADR rose 8.2% to $105.71 and RevPAR increased 2.8% to $61.82.

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Source – Hotel News Now