Cautious optimism for the international hotel industry
Published
05th Mar 2013
Hotels worldwide have begun 2013 on a relatively positive note, with some regional variations detected, according to recent data from hospitality industry solutions provider Travel Click.
Travel Click predicts that the top 25 regional markets in the US will see an ADR increase of 3.7% in 2013, an estimate based on the bookings taken for the year so far. Occupancy rates are expected to grow by 1.9% and RevPAR by 5.9%.
San Francisco was found to be one of the strongest US markets, with RevPAR up 9.1%, ADR up 6.3% and occupancy up 2.6%. The US hotel market as a whole is outperforming key international markets such as Paris, London, Shanghai and the UAE.
In Europe, the Dublin hospitality market emerged as one of the most thriving, with RevPAR increasing by 18% and ADR standing at 9.2%.
The Brazilian market is proving something of a contradiction, with both Rio de Janeiro and São Paulo experiencing a decrease in occupancy rates, down 6.9% and 3.8% respectively but with revenue per available room up in both cites; by 2.9% and 2.4% respectively.
A noticeable percentage of bookings across all markets, 9.6%, were made via online travel agencies such as Expedia, which took £170m worth of bookings in the last quarter of 2012, up from £123m in 2011.
