According to STR’s 2017 DestinationMAP, Chicago, Orlando, and Washington, D.C. are among the top North American markets for meeting planners.
According to STR, the US hotel industry remained mostly flat during the period July 16 – 22, when compared to the corresponding week in 2016.
For the week July 16 – 22, hotels in Canada reported a successful week, resulting in a seven percent year-on-year boost in RevPAR to CAD138.15 (USD109.52), as revealed by STR.
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.”
STR’s preliminary June data has revealed mixed results for hoteliers in Singapore with average daily rate (ADR) down 2.5 percent to SDG258.03 (USD189.01), continuing the year-on-year declines observed each month since February 2016.
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).
In June, 612,210 rooms in 2,767 hotel developments were under contract in the Asia Pacific region, as revealed in STR’s June 2017 Pipeline Report, marking a 6.2 percent increase in keys year-on-year.
According to STR’s June 2017 Pipeline Report, the Central and South America region has 58,925 rooms in 378 hotel projects under contract, representing an 11.2 percent decrease in keys compared to June 2016.
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).