hotel industry data
STR: Canada Hotel Results for Week Ending 12 September
STR | September 17, 2020
HENDERSONVILLE, Tennessee—STR data for 6-12 September 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. Year-over-year declines, while improved, also remain significant. In comparison with the week of 8-14 September 2019, the industry reported the following: Occupancy: -48.0% to 39.8% Average daily rate (ADR): -32.3% to CAD123.89 Revenue per available room (RevPAR): -64.8% to CAD49.32 Occupancy for previous weeks came in at 41.9%, 42.1% and 42.9%, respectively For the week ending with 12 September, British Columbia (50.9%) was the only province to reach or surpass a 50% occupancy leve...
Africa Traveler & Hotel Guest Sentiment Survey
Tim Smith | July 27, 2020
By Tim Smith COVID-19 has, and continues to, dramatically impact every aspect of our lives. At the time of writing globally there have been approximately 13.5M cases and 580,000 deaths. Almost every country has had restrictions placed on their daily lives. However, perhaps the most challenging aspect of the pandemic is the uncertainty. No-one knows how long it will go on for or when we will be able to start a meaningful recovery. The tourism and hospitality industry has been hit the hardest, airlines not flying, hotels not open, conferences postponed and no customers for restaurants and bars. It doesn’t matter the size or stre...
Scant Business at Europe’s Hotels Sends Profit to Historical Low
HotStats | June 1, 2020
April was a month of virtually no business volume for Europe's hotels, as the coronavirus spread across the continent, prompting countries such as Spain, Italy and Russia to impose lockdowns in order to flatten the infection curve. The result was pain across the operating statement, with GOPPAR recording its historical low at -€17.86, a 132.0% decline compared to April of 2019. With travel bans and mandatory stay-at-home orders in effect, occupancy fell by 69.7 percentage points YOY to single-digit levels, which, combined with a 44.1% drop in average rate, drove RevPAR down by 95.5%. The closure of F&B venues, as well as health clubs...
