STR – Preliminary October 2017 Data

TrevPAR World STR Page

STR: Preliminary October data for Abu Dhabi hotels

Abu Dhabi’s hotel market posted positive year-over-year performance in October, according to preliminary data from STR. Occupancy grew 12.7% to 80.9%, ADR increased 2.3% to 465.58 Emirati dirhams ($126.75) and RevPAR was up 15.3% to 376.88 Emirati dirhams ($102.60).

Based on daily data from October, Abu Dhabi reported the following in year-over-year comparisons:
•Supply: +0.5%
•Demand: +13.2%
•Occupancy: +12.7% to 80.9%
•Average daily rate (ADR): +2.3% to AED465.58
•Revenue per available room (RevPAR): +15.3% to AED376.88

Full Article Here

STR: Asia/Pacific hotel performance for October 2017
The Asia/Pacific region reported occupancy rose just 0.7% to 71.7%, and ADR increased 2.3% to $104.15 to push RevPAR up 2.9% to $74.68.

Asia Pacific

• Occupancy: +0.7% to 71.7%
• Average daily rate (ADR): +2.3% to US$104.15
• Revenue per available room (RevPAR): +2.9% to US$74.68

Local currency, October 2017 vs. October 2016

Hong Kong

• Occupancy: +1.3% to 91.8%
• ADR: +2.6% to HKD1,395.12
• RevPAR: +3.9% to HKD1,281.33

Full Article Here 

STR: Central/South America October 2017 hotel data

The Central/South America region reported occupancy rose 7.3% to 60.6%, and a 13% ADR increase to $108.91 pushed RevPAR up 21.3% to $66.01.

Central/South America
•Occupancy: +7.3% to 60.6%
•Average daily rate (ADR): +13.0% to US$108.91
•Revenue per available room (RevPAR): +21.3% to US$66.01

Local currency, October 2017 vs. October 2016

Argentina

• Occupancy: +10.0% to 69.7%
• ADR: +22.4% to ARS2,113.25
• RevPAR: +34.6% to ARS1,473.21

Brazil

• Occupancy: +10.4% to 57.9%
• ADR: +2.5% to BRL281.23
• RevPAR: +13.1% to BRL162.84

Full Article Here

STR: Europe hotel performance for October 2017

Europe’s hotel industry reported occupancy rose 1.7% to 76% in October, while ADR increased 4% to €112.75 ($132.60) and RevPAR rose 5.8% to €85.68 ($100.77).

Europe
•Occupancy: +1.7% to 76.0%
•Average daily rate (ADR): +4.0% to EUR112.75
•Revenue per available room (RevPAR): +5.8% to EUR85.68

Czech Republic

• Occupancy: +3.6% to 84.3%
• ADR: +4.1% to CZK2,334.36
• RevPAR: +7.8% to CZK1,968.95

Netherlands

• Occupancy: +1.6% to 78.5%
• ADR: +5.9% to EUR124.60
• RevPAR: +7.6% to EUR97.80

Turkey

• Occupancy: +22.9% to 64.2%
• ADR: +15.9% to TRY272.08
• RevPAR: +42.5% to TRY174.55

Full Article Here 

STR: Preliminary October data for Jeddah hotels

Preliminary October 2017 data for Jeddah, Saudi Arabia, shows hotels in the market saw occupancy decline 3% to 50.4%, but a 13.5% ADR increase to 871.40 Saudi Arabian riyals ($232.31) pushed RevPAR up 10.1% to 439.60 Saudi Arabian riyals ($117.19).

Based on daily data from October, Jeddah reported the following in year-over-year comparisons:
•Supply: +12.5%
•Demand: +9.1%
•Occupancy: -3.0% to 50.4%
•Average daily rate (ADR): +13.5% to SAR871.40
•Revenue per available room (RevPAR): +10.1% to SAR439.60.

Full Article Here

STR: Preliminary October data for London hotels

Hotels in London reported mixed year-over-year performance in October, according to preliminary data from STR. Occupancy declined 1.9% to 83.4%, ADR grew 2.3% to £152.27 ($201.07) and RevPAR increased 0.4% to £126.96 ($167.65).

Based on daily data from October, London reported the following in year-over-year comparisons:
•Supply: +4.0%
•Demand: +2.0%
•Occupancy: -1.9% to 83.4%
•ADR: +2.3% to GBP152.27
•Revenue per available room (RevPAR): +0.4% to GBP126.96

Full Article Here

STR: Preliminary October data for Melbourne hotels

Melbourne reported negative performance across all three metrics in October 2017, according to preliminary STR data. Occupancy decreased 1.5% to 86.2%, ADR dropped 5.5% to 191.62 Australian dollars ($146.38) and RevPAR declined 6.9% to AU$165.09 ($126.10).

Based on daily data from October, Melbourne reported the following in year-over-year comparisons:
•Supply: +2.7%
•Demand: +1.1%
•Occupancy: -1.5% to 86.2%
•Average daily rate (ADR): -5.5% at AUD191.62
•Revenue per available room (RevPAR): -6.9% to AUD165.09

Full Article Here

STR: Middle East/Africa October 2017 hotel performance

In October 2017, hotels in the Middle East reported occupancy rose 3.3% to 64.9%, but a 4% ADR drop to $163.27 caused RevPAR to fall 0.8% to $106.04. Africa, on the other hand, saw occupancy increase 7.6% to 62.5%, ADR increase 8.4% to $105.89 and RevPAR jump 16.7% to $66.14.

Middle East

• Occupancy: +3.3% to 64.9%
• Average daily rate (ADR): -4.0% to US$163.27
• Revenue per available room (RevPAR): -0.8% to US$106.04

Africa

• Occupancy: +7.6% to 62.5%
• Average daily rate (ADR): +8.4% to US$105.89
• Revenue per available room (RevPAR): +16.7% to US$66.14

Bahrain

• Occupancy: +9.2% to 49.2%
• ADR: -8.2% to BHD58.71
• RevPAR: +0.2% to BHD28.86

Egypt

• Occupancy: +32.0% to 57.0%
• ADR: +73.6% to EGP1,151.26
• RevPAR: +129.3% to EGP656.07

Kenya

• Occupancy: -26.4% to 40.7%
• ADR: -10.7% to KES11,937.82
• RevPAR: -34.2% to KES4,861.17

STR: Preliminary October data for Munich hotels

Munich hotels reported mixed year-over-year performance in October, according to preliminary monthly data from STR. Occupancy declined 3.1% to 79.9%, ADR rose 1.6% to €144.00 ($167.78) and RevPAR dropped 1.5% to €115.04 ($134.04).

Based on daily data from October, Munich reported the following in year-over-year comparisons:
•Supply: +2.9%
•Demand: -0.3%
•Occupancy: -3.1% to 79.9%
•Average daily rate (ADR): +1.6% to EUR144.00
•Revenue per available room (RevPAR): -1.5% to EUR115.04

Full Article Here

STR: Preliminary October data for Singapore hotels

Singapore’s hotel market reported mixed performance during October 2017, according to preliminary data from STR. While occupancy rose 1.6% to 80%, ADR declined 2.2% to 270.66 Singapore dollars ($198.90) and RevPAR fell 0.6% to SG$216.59 ($159.16).

Based on daily data from October, Singapore reported the following in year-over-year comparisons:
•Supply: +3.3%
•Demand: +5.0%
•Occupancy: +1.6% to 80.0%
•Average daily rate (ADR): -2.2% to SGD270.66
•Revenue per available room (RevPAR): -0.6% to SGD216.59

Full Article Here

Source – Hotel News Now