Hotel Industry Trends

Hotel rate parity trends for February to April 2012 of three, four and five star hotels across some of the major cities in Europe.

In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 3.8-percent increase to 56.7 percent, its average daily rate rose 3.3 percent to CAD$125.32 and its revenue per available room was up 7.2 percent to CAD$71.06.

Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.

In year-over-year comparisons for the week, occupancy was up 4.0 percent to 53.8 percent, average daily rate increased 4.3 percent to US$101.84 and revenue per available room was up 8.5 percent to US$54.78.

London and Regional U.K. reported positive revenue-per-available-room (RevPAR) growth in 2011, according to data from STR Global.

2011 closes with positive indicators for hotel business throughout the European Union, with an average of 5.5% growth in the RevPAR as a result of increased occupancy combined with growth in average daily rates.

An article that addresses the long-time hospitality industry debate over hiring employees based on personality or on ability has been named the 2011 article of the year for the Cornell Hospitality Quarterly, based on a vote by the members of the CQ’s editorial board.

Driven by debt restructuring deals, hotel investment activity is expected to remain stable across EMEA during 2012 with $11 billion worth of deals forecast for the year, reflecting transaction volumes similar to 2011 levels of $10.9 billion according to Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report.

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With nearly $1.1 billion in hotel transaction activity across the country in 2011, the year ended as the highest year in volume since 2007 and the fifth highest year on record for volume since we began tracking trends in 1985. The overall transaction market saw strong improvements across all metrics. Complete details will be released in our 2012 Canadian Hotel Investment Report which will be published prior to the end of Q1 2012.