The Europe hotel development pipeline comprises 816 hotels totalling 134,819 rooms, according to the August 2013 STR Global Construction Pipeline Report. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.
Latest analysis by STR Global, leading provider of data on the hotel industry, reveals that despite high levels of inflation and political uncertainty, Africa is proving that it is a growing tourist and business destination as hotels in a number of key markets are reporting performance increases for year-to-date (YTD) June 2013.
The U.S. hotel industry reported increases in the three key performance metrics during the week of 27 January-2 February 2013, according to data from STR.
Among the Chain Scale segments, the Upscale segment added the most new rooms in 2012 with 11 hotels and 2,017 rooms. Four other segments reported more than 500 new rooms in 2012: the Upper Upscale segment (three hotels with 1,849 rooms); the Upper Midscale segment (seven properties with 907 rooms); the Midscale segment (17 hotels with 601 rooms); and the Independent segment (seven hotels with 539 rooms).
The U.S. hotel industry is expected to report strong performance results in summer 2012, according to STR’s summer forecast. Occupancy for June, July and August is expected to rise 1.8 percent to 69.0 percent, average daily rate to increase 3.9 percent to US$106.64 and revenue per available room to increase 5.7 percent to US$73.59.
During the first quarter of 2012, the major markets across the Gulf Cooperation Council (GCC) reported mixed results in revenue per available room (RevPAR) following mostly positive performance for year-end 2011, according to hotel market data provider STR Global.
South Africa saw revenue per available room increase by 13.6 per cent for the first two months of this year, reaching ZAR542.07, according to the latest results from STR Global. The provider of market data to the hotel industry tracks more than 40,400 rooms across the country.
The European hotel market reported overall positive revenue per available room growth 12-months to January, according to hotel data provider STR Global. Despite the economic conditions a majority of the 157 cities and destinations tracked in Europe, only 15 saw declining demand while demand growth is expected in Berlin, London and Vienna in 2012.
Qatar has recorded positive hotel performance results in 2011 according to STR Global, reflecting increasing demand and interest in business and tourism as it prepares to host the 2022 World Cup. Occupancy remained stable last year edging 0.4 per cent higher from 2010 while average daily rates increased 0.7 per cent STR Global said.
India’s hotel industry showed overall year-to-date (YTD) November 2011 growth in performance data and the supply pipeline, STR Global announced today in conjunction with the start of the Hotel Investment Forum India (HIFI) conference in Mumbai. In addition, London-based STR Global, the leading provider of market data to the hotel industry, is pleased to announce today at HIFI the appointment of Dhritiman Mukherjee as Business Development Manager.