STR Forecasts RevPAR Growth for Remainder of 2011

STR Global's Market Forecast is projecting mostly year-on-year improvements in RevPAR for the remainder of 2011 with some slowdown expected in 2012 for the 45 markets available.

The gains will be led mainly through increases in rate rather than through occupancy increases.

RevPAR growth between 10.5% (Cologne) and 24.7% (Hong Kong) is forecast for all 10 of the best performers in 2011. The forecast for the best performers in 2012 has RevPAR growth within a range from 6% (London) to 9.6% (Singapore).

 Whilst growth is still expected during 2012, the difficult and relatively fast-changing changes in the broader economy could very well change the forecast with the next quarterly report.

"We are pleased with the launch of our forecast product which complements our suite of reports," said Elizabeth Randall, managing director of STR Global. "The Market Forecasts are an invaluable tool for decision makers and are extremely useful for investors and owners looking at the potential performance of both existing and new markets."

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