The world’s four regions of the hotel world—the Americas, Asia/Pacific, Europe, and Middle East/Africa, as analyzed by STR Global, reported mixed year-end results for 2008, although no city reported an increase in occupancy.
Figures for occupancy, average daily rate, and revenue per available room for 2008 range from single-digit losses to double-digit gains, depending on the market and the currency used for comparison, says the lodging industry benchmarking and research company.
Year-end highlights from key individual markets around the globe for 2008 include, in U.S. dollars:
Smith Travel Research and STR Global offer monthly, weekly, and daily benchmarking reports to more than 36,000 hotel clients, representing nearly 5 million rooms worldwide. STR is headquartered in Hendersonville, Tenn., and STR Global is based in London. For more information, visit www.strglobal.com.