Hotels in the Asia Pacific region posted mixed results across the three key performance metrics during July, according to STR data.
According to data from supply and demand data tracker STR, Europe’s hotel industry reported positive results in the three key performance metrics during July.
Mexico’s hotel industry reported lower occupancy levels but growth in room rates during the second quarter (Q2) of this year, according to STR.
June was the US hotel industry’s 100th consecutive month of growth in revenue per available room (RevPAR), according to data from global data benchmarking company STR.
Hotels in Singapore reported positive hotel performance in June, according to preliminary data from benchmarker STR.
In May, Europe's hotels saw occupancy dip 0.8 percent to 74.4 percent, while average daily rate (ADR) rose 1.5 percent to EUR113.35 (USD132.02) and revenue per available room (RevPAR) increased just 0.6 percent to EUR84.31 (USD98.19) according to global data benchmarker STR.
Park Hotels & Resorts announced results for the fourth quarter (Q4) and full year 2017.
Robust revenue growth and cost savings helped European hotels record a 16 percent year-on-year increase in profit per room during January, signalling a strong start to 2018, according to the latest worldwide poll by benchmarking service HotStats.
UK hotels faced a challenging start to the year as escalating costs, particularly from payroll, completely wiped out the revenue growth recorded this month and led to a 3.9 percent year-on-year decline, concerning profit per room.