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- 465. Hotels in Asia Pacific Report Q3 2016 Increase in Occupancy; RevPAR Nearly Flat
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Philippines experienced nearly flat occupancy (-0.4% to 65.7%). However, a 2.0% rise in ADR to PHP5,129.42 pushed RevPAR up 1.5% to PHP3,368.74. Through August, visitor arrivals to the country increased 12.6%, according to the Department of Tourism. Support for the hotel industry has been enough to outpace a 4.4% year-to-date increase in supply.
- 466. European Hotel Industry Reports Q1 2016 ADR, OR and RevPAR Performance
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Compared with Q1 2015, hotels in Europe reported a 0.8% increase in occupancy to 61.1%, a 2.3% rise in ADR to EUR102.98 and a 3.1% lift in RevPAR to EUR62.94. Ireland saw a 4.8% rise in occupancy to 66.4% as well as double-digit growth in ADR (+17.6% to EUR107.84) and RevPAR (+23.2% to EUR71.63). The quarterly performance follows recent trends in the country with March being the 16
- 467. Hotels in Asia Pacific Report Y-O-Y Decrease in ADR and RevPAR
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Compared with 2014, hotels in the Asia Pacific region reported a 0.1% increase in occupancy to 68.2%, ADR was down 0.5% to US$108.79, and RevPAR decreased 0.4% to US$74.25. Thailand recorded double-digit growth in occupancy (+13.6% to 73.6%) and RevPAR (+13.1% to THB2,667.65). ADR in the country dipped 0.4% to THB3,662.84. Prior to the Erawan bomb which went off in September in Ban
- 468. Hotels in Asia Report Increase in OR, ADR and RevPAR; Occupancy at Hotels in Thailand Up 30.5%
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Compared to July 2014, hotels in the Asia Pacific region reported a 2.1% increase in occupancy to 70.7%, a 1.1% rise in average daily rate to US$105.12 and a 3.2% increase in revenue per available room to US$74.34. Thailand saw the largest year-on-year increase in occupancy (+30.5% to 76.5%) of any country in the Asia Pacific region as well as significant growth in RevPAR (+34.5% t
- 469. Hotels in London Report Record Q1 RevPAR
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For the first three months of the year, Londons absolute RevPAR level of GBP101.50 was an 11.3% increase compared with Q1 2016. Occupancy reached 76.1% (+4.8%), which was the highest Q1 absolute value in the metric since 2010, while ADR reached a record level at GBP133.38 (+6.2%).
- 470. Most GCC Hotel Markets Report Ramadan Decline
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Muscat, Oman, was the only market analyzed that reported an increase in RevPAR (+8.7%). The markets 19.4% increase in occupancy outweighed a 9.0% drop in ADR. Dubai, United Arab Emirates, was the only other market that did not report a significant decline in RevPAR, although performance was nearly flat as a decline in ADR (-1.5%) countered an uplift in occupancy (+1.2%).
- 471. State of the Spanish Hotel Industry
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State of the Spanish Hotel Industry. Spains two biggest markets, Madrid and Barcelona, may still have higher rates and RevPAR than the national average, but both are in more significant decline. Madrids RevPAR through July 2009 has fallen 32% compared to 2008, a rate of decline only exceeded by Moscow amongst Europes capital cities.
- 472. Chinas Hotel Performance in 2009
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Chinas Hotel Performance in 2009. Dramatic declines in China's hotel performance during 2009, underscored by RevPAR falling 26.2% compared with a year ago-contrast strongly with the continuing good performance of the Chinese economy. An 8.7% year-on-year increase in GDP (Source: National Bureau of Statistics of China) for 2009 has experts predicting China's economy will overtake J
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