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.
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.
Emirates Palace reported an increase of 20 percent in its occupancy levels during the months of June and July.
In the first half of the year (H1), hotels in the UK reported the highest occupancy, average daily rate (ADR) and RevPAR for any H1 on record, according to STR.
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.”