Latest articles tagged revpar

Although 2011 has provided a quicker rebound in terms of hotel occupancy and overall RevPAR, most hotels are still looking for ways to further increase their ADR. One great place to start looking is your hotel’s front desk.

Domain Properties continues to excel in offering hotel acquisition and disposition services in New York City. This esteemed company has been recognized for providing excellent services to hotel buyers and sellers. Their team specializes in OFF Market discreet acquisition and dispositions services with or without exclusive non obligation agreement. Domain Properties offers a proven strategy for successful investment in New York City hotels.

After examining and organizing all the latest relevant data, Domain Properties, experienced brokerage firm for OFF MARKET New York City hotels, has provided its first update about the 2011 market.

In year-over-year measurements, the industry’s occupancy ended the week virtually flat with a 0.5- percent decrease to 61.4 percent. Average daily rate rose 1.2 percent to CAD$124.06. Revenue per available room for the week increased 0.8 percent to CAD$76.20.

CHIPP by HVS Executive Search highlights critical issues to consider when outsourcing a hotel’s restaurant operations to a professional restaurant brand/operator.

Worldwide REVPAR for Starwood branded Same-Store Owned Hotels increased 6.6% (2.1% in constant dollars) compared to the first quarter of 2009. REVPAR for Starwood branded Same-Store Owned Hotels in North America increased 5.8% (2.8% in constant dollars).

Why hotel owners need to pay attention to RevPAR - By Jean Francois Mourier

In year-over-year measurements, the Asia/Pacific region’s occupancy rose 13.7 percent to 67.6 percent, average daily rate increased 13.5 percent to US$130.56, and revenue per available room jumped 29.0 percent to US$88.22.

The European hotel industry posted generally favourable results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for March 2010, according to data compiled by STR Global.

The region’s occupancy rose 2.9 percent to 67.6 percent, average daily rate increased 3.6 percent to US$161.75, and revenue per available room grew 6.6 percent to US$109.29.