RevPAR

Tag: RevPAR

For July Jeddah’s Absolute Occupancy and RevPAR Were Higher Than the Average Levels Seen Throughout the Pandemic in 2020

Jeddah’s hotel industry reported slightly lower performance levels compared with the month prior, according to preliminary July 2021 data from STR. For July Jeddah's Absolute Occupancy and RevPAR Were Higher Than the...

IHG Hotels & Resorts sees recovery continue apace | News

IHG Hotels & Resorts has reported an operating profit of US$188 million for the first half of the year. While this is a sharp improvement on the loss of US$233 million reported...

China Hotel Performance Update – STR

All key markets in China showed June 2021 increases in hotel occupancy and average daily rate (ADR) compared to the same period last year, except for Guangzhou and Shenzhen. China Hotel Performance...

Hampton Inn & Suites Atlanta Midtown Sold for $58 Million

RLJ Lodging Trust (NYSE: RLJ) today announced that it is under contract to acquire the fee simple interest in the newly-built, 186-room Hampton Inn & Suites Atlanta Midtown for a purchase...

Rate to Lead U.S. Hotel RevPAR Recovery As Occupancy Lags

The U.S. hotel average daily rate will exceed 2019 levels by 2024, according to the latest CBRE Hotels Research forecast, which also projects revenue per available room to reach 99 percent...

Ashford Trust Announces Preliminary RevPAR Results For Second Quarter 2021

Ashford Hospitality Trust, Inc. (NYSE: AHT) reported today preliminary RevPAR of approximately $91.27 for June 2021, representing an approximate increase of 256% versus June 2020 and a decline of 37% versus...

COVID-19 Webinar Summary: 5 Key Points on APAC Hotel Performance, 18 June

Because 2020 data is not a stable benchmark, we index RevPAR to 2019 for a more accurate recovery measurement. Year to date, RevPAR in Mainland China in May 2021 was at...

A Case Study: Finding New Revenue Streams for a Big Box Hotel

Hotels that have traditionally relied on group and convention business have found themselves struggling over the pandemic period. Uncovering and maximizing new revenue streams, the way we did for the subject...
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