Saturday, November 18, 2017

Tag Archives: data

Melbourne reports increase in supply and demand

STR’s preliminary August 2016 data for Melbourne, Australia, indicates flat year-over-year performance. Based on daily data from August, Melbourne reported the following in year-over-year comparisons: increases in supply (+2.7%) and demand (+2.7%); flat occupancy at 82.9%; a 0.1% decrease in average daily rate (ADR) to AUD178.20; and flat revenue per available room (RevPAR) at AUD147.72. Saturday nights during the month …

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Chinese tourism juggernaut to power AUS visitor economy

Australia’s visitor economy is on track to generate $127 billion in overnight expenditure by 2020 backed by a surging Chinese visitor market according to the latest tourism forecasts. The latest official forecasts released by Tourism Research Australia (TRA) today has seen upward revisions in domestic and international visitors and expenditure over the 10 year forecast period. Key facts • International …

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APAC hotel rooms under construction down 4.1% YOY for June

STR’s June 2016 Pipeline Report shows 576,712 rooms in 2,508 projects under contract in the Asia Pacific region. The total represents a 4.0% increase in rooms under contract compared with June 2015 but a 4.1% year-over-year decrease in rooms in construction. Under contract data includes projects in the in construction, final planning and planning stages but does not include projects …

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