Str Global Hotel Occupancy Rates
And reflects the increased number of hotels being availab and december in occupancy rates in the city centre are boosted by events.
Str global hotel occupancy rates. Str s global hotel study 2018 provides an in depth analysis of the international hotel landscape both at a continent level and a market level. Based on that sample the global hotel industry recorded an average occupancy level of 67 5 for the 12 months ending with february 2018 which was a 1 6 increase from the previous 12 months. Hotel industry registered record breaking performance levels during 2019 but its lowest growth rate in revenue per available room revpar since the current cycle began in 2010 according to data from str.
Str data for 31 may through 6 june 2020 shows canadian hotel performance up slightly from previous weeks with the same significant level of year over year declines. Hotels in dubai achieved an average occupancy of more than 87 percent during march despite supply outpacing demand for the month according to new data released by str global. 18 may 2020 5 things to know.
Average daily rate adr. Hotel forecast from str and tourism economics projects a 57 5 decline in revenue per available room revpar in 2020 then a 48 0 increase in the metric in 2021. Number of available rooms number of rooms sold in a given time period and the revenue those rooms generated.
For a limited time str will add at no additional charge 2 years of data to our standard 6 year trend data since 2012 and 3 years of data to our 10 year trend data since 2007. Str requires only 3 pieces of information to report on hotel occupancy adr and revpar. The study covers over 100 markets around the world delving into occupancy adr and revpar levels and their percentage changes over 2017 along with detailed analyses walking you through the.
Key indicators sample of hotels subscribed to str global increasingly stronger end definitions. Hotel occupancy in greater manchester express written permission of str global is strictly prohibited. Revpar is particularly helpful to hoteliers as it is both simple and comprehensive while being easy to access.
Considering the times our hope is to provide the industry with a better understanding of performance recovery during the last recession. Its preliminary february data for dubai showed that occupancy stood at 87 2 percent for the month a 1 2 percent increase on the year earlier period. Having built the world s largest hotel performance database we understand our role in.
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