In the second quarter of the year (Q2), Mexico’s hotel industry recorded positive results in three key performance metrics, including 10.7 percent year-on-year increase in RevPAR to MXN1,1481.25 (USD82.71), as revealed by STR.
Meanwhile, average daily rate reached MXN2,253.96 (USD125.88), a jump of 7.3 percent compared to Q2 2016.
Hoteliers achieved a 3.1 percent rise in occupancy to 65.7 percent, marking the highest level for any quarter since the first quarter of 2006.
Attributing the growth to a surge of US arrivals, Fatima Thompson, associate director, business development, hotels, STR, said, “The favourable exchange rate and incredible value has been a key in driving US visitors to Mexico.”
In June, hotels in Europe recorded a 3.6 percent year-on-year rise in gross operating profit per available room, as revealed by Hotstats.
According to STR’s preliminary data for June, hotels in Melbourne reported positive performance, with a two percent year-on-year jump in RevPAR to AUD137.88 (USD109.01).
According to STR, during the period June 25 – July 01, RevPAR throughout the Canadian hotel industry soared 16.4 percent to CAD128.53 (USD99.88).
During the week June 25 – July 01, the US hotel industry posted positive year-on-year results including a 6.8 percent jump in RevPAR to USD94.80, as revealed by STR.
European Cities Marketing (ECM) and MKG Group’s latest report, ECM-MKG European Destinations Observatory, revealed that in the first quarter (Q1) of the year, RevPAR across European cities soared 7.7 percent compared to Q1 2016.
Having achieved success in the first quarter (Q1) of this year, Canada’s hotel industry expected to welcome a boost through 2018 according to a forecast report by STR and Tourism Economics.
As revealed by STR’s preliminary data, hoteliers in Hong Kong recorded strong performance in May driven by a 4.8 percent year-on-year boost in demand thanks to a number of international conferences and events including Hofex, among others.
Between 28 May – June 03, STR revealed that hotels in Canada achieved an 8.3 percent boost in RevPAR to CAD114.71 (USD86.37), a 7.4 percent rise in average daily rate (ADR) to CAD158.95 (USD119.68) and a 0.9 percent increase in occupancy to 72.2 percent, when compared to the same week in 2016.
Hotels in the Middle East reported declines in a number of measures during the first quarter (Q1) of this year compared to the same period in 2016, including an 8.2 percent drop in RevPAR to USD122.07, as revealed by STR.