STR’s recently-released April preliminary data for Munich hotels indicated significant demand and performance growth.
Hotels in the Middle East reported mixed first quarter (Q1) performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.
Hotels will comprise 20 percent of the total show area at Arabian Travel Market (ATM) 2018, becoming the largest exhibition of regional and global hotel brands ever throughout the event’s history, its organisers have revealed.
Asia Pacific hotels reported mixed results, according to January 2018 data from hotel market data and benchmarking service, STR.
STR has revealed that Middle East-based hotels reported mixed performance results this January, while African posted growth across three key performance metrics.
Minneapolis- Saint Paul reported the highest RevPAR increase for any Super Bowl host market since 2012, according to an analysis by STR’s Consulting & Analytics team.
STR’s preliminary January data for hotels in Sydney, Australia, has indicated a significant growth in both supply and demand.
According to preliminary STR data, hotels in Dubai reported that occupancy rose 1.5 percent to 86.4 percent in January, while ADR declined 0.6 percent to USD221.79 and RevPAR increased by one percent to USD191.67.
The US hotel industry reported positive results in the three key performance metrics during December 2017, according to data from STR.