The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 15-21 September 2019, according to data from STR.
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 15-21 September 2019, according to data from STR.
August marked the 12th consecutive month of profit decline at hotels in the Middle East & North Africa, as profit per room fell by 7.0% year-over-year to $58.06. This is in stark contrast to the last time the region saw positive profit growth, when in August 2018 GOPPAR was up 24.
This latest report from Horwath HTL Health & Wellness, aims to provide an understanding of the wellness real estate market, define the distinctiveness of its development process, and explain why a specific approach is required.
Hotels in the Central/South America region reported mixed performance results during July 2019, according to data from STR.U.S. dollar constant currency, August 2019 vs. August 2018Central/South Amer.
Hotels in the Middle East reported negative August 2019 performance results, while hotels in Africa posted increases across the three key performance metrics, according to data from STR.U.S. dollar constant currency, August 2019 vs.
Travel and tourism remained one of the key growth drivers of Africa's economy, contributing 8.5% of the GDP in 2018; equivalent to $194.2 billion. According to the 2019 Jumia Hospitality Report Africa, this growth record placed the continent as the second-fastest growing tourism region in the world, with a growth rate of 5.
Revenue per available room (RevPAR), the key hotel industry performance metric, has grown for 87 consecutive months amid a period of low supply growth and strong demand, according to STR director Thomas Emanuel in his presentation at the Africa Hotel Investment Forum (AHIF).
Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics during August 2019, according to data from STR.U.S. dollar constant currency, August 2019 vs. A.
Fast growing hotel franchise alternative Magnuson Hotels announced today the expansion of its global booking platform to 65,000 hotels and 700 airlines.