American hotel performance stays strong28 Oct, 2011 By: Andrew Sheivachman
With Europe in economic turmoil, the Americas have seen solid economic growth and great metrics in the hospitality industry. In September hotel occupancy in the Americas rose 5.4 percent while RevPAR jumped 9.8 percent, according to data from STR. Occupancy now sits at 63.4 percent and RevPAR at $66.61.
Buenos Aires, Argentina, saw the greatest ADR increase during the period among top markets, growing 19.4 percent to $152.94, followed by Sao Paulo and Miami. Montreal, Canada, saw ADR drop 2.9 percent to $131.94, ending up the biggest loser in the set.
San Francisco, Miami, Buenos Aires and Los Angeles each reported RevPAR increases over ten percent, while Montreal fell 2.5 percent.
In the U.S., consumer spending rose 0.6 percent in September, a sign of increased demand that bodes well for the hospitality industry.Topic : RevPAR, ADR, Occupancy
External Source : Global Hotel Channel, The New York Times
Reproduction in whole or part is prohibited.