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Frankfurt benefits from Trade Fairs

3 June 2009 Press Release Airline News

Positive hotel performance news comes from Frankfurt, the city of trade fairs: Recent data from STR Global, the leading provider of market information for the world’s hotel industry, shows the direct impact of trade fairs on the region during recent weeks. Both the Musikmesse and ProLight + Sound fairs took place in Frankfurt on 1-4 April this year, rather than in March as in previous years. This explains the positive change in year-on-year revenue per available room (RevPAR) for the region as seen on the left-hand side of the chart below. Similarly for Wiesbaden, the peak around 18 April coincides with the start of the Internistenkongress, which was also held in March last year. It must be noted that performance in March suffered as these fairs moved forward in the calendar.

Bangkok hotels fall fastest in Asia

29 May 2009 Press Release Hotel News

Hotels in the Asia Pacific region reported double-digit decreases when reported in U.S. dollars for all three key performance metrics for April 2009, according to data compiled by STR Global. Bangkok, Thailand, reported the largest decrease in occupancy, which dropped 33.6% to 44.3%.

STR Global posts April 2009 results for Europe

29 May 2009 Press Release Hotel News

The European hotel industry reported mixed year-over-year results when reported in U.S. dollars, euros and British pounds for April 2009, according to data compiled by STR Global.  Figures for occupancy, average daily rate and revenue per available room ranged from double-digit losses to single-digit gains, depending on the market and the currency used for comparison.

STR Global posts April 2009 results for Asia/Pacific region

29 May 2009 Press Release Hotel News

Hotels in the Asia/Pacific region reported double-digit decreases when reported in U.S. dollars for all three key performance metrics for April 2009, according to data compiled by STR Global.  The Asia/Pacific region’s occupancy dropped 14.3 percent to 59.2 percent; average daily rate declined 20.1 percent to US$117.10; and revenue per available room fell 31.5 percent to US$69.36.

STR Global posts Americas performance results for April 2009

29 May 2009 Press Release Hotel News

The Americas region reported declines in all three key performance metrics when reported in U.S. dollars for April 2009, according to data compiled by STR and STR Global.  Occupancy for the region dropped 11.3 percent to 56.5 percent; average daily rate dropped 10.0 percent to US$99.66; and revenue per available room dropped 20.1 percent to US$56.33.

STR Global posts Middle East/Africa April 2009 results

29 May 2009 Press Release Hotel News

The Middle East/Africa region reported declines in all three key measurements in year-over-year results when reported in U.S. dollars for April 2009, according to data compiled by STR Global.  The region’s occupancy dropped 13.0 percent to 66.8 percent; average daily rate decreased 1.3 percent to US$164.41; and revenue per available room decreased 14.1 percent to US$109.80.

European RevPAR continues to fall

20 May 2009 Press Release Hotel News

According to data compiled by STR Global, in March 2009 European RevPAR fell 14% year-on-year, split between declines in both average daily rate (ADR) and occupancy.

Double digit decreases for Asia hotels

1 May 2009 Press Release Hotel News

According to data compiled by STR Global, hotels in the Asia Pacific region reported double-digit decreases when reported in U.S. dollars for all three key performance metrics for March 2009.

Asian hotels see big drop in sales

6 March 2009 Press Release Hotel News

Hotels in the Asia Pacific region have reported double-digit decreases for all three key performance metrics for January 2009, according to data compiled by STR Global. Occupancy in the Asia Pacific region dropped 18.3% to 54.3%; ADR declined 12.2% to US$125.31; and RevPAR fell 28.3% to US$68.09.

Trading remains tough for UK hotels

12 February 2009 Press Release Hotel News

Preliminary UK hotel data released by STR Global confirms that hotels throughout the UK experienced difficult operating environments in January.The results are universally in negative territory, however performance levels were not as poor as expected given the current economic conditions. The UK overall saw a decline in RevPAR between 10 percent and 12 percent split fairly even between rate and occupancy.