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Global Hotel Revenue Growth in 2012 to Come From Rising Room Rates, Not Higher Occupancies
Based on STR Global's Market Forecast, most year-on-year improvements projected in revenue per available room for the remainder of 2011 with some slowdown expected in 2012 for the 45 markets available.The gains will be led mainly through increases in rate rather than through occupancy increases. The top 10 performing markets for the remainder of this year and 2012 are listed below.
The range of performance between 2011 and 2012 reflect the expected slowdown. RevPAR growth between 10.5 percent (Cologne) and 24.7 percent (Hong Kong) is forecast for all 10 of the best performers in 2011.
The forecast for the best performers in 2012 has RevPAR growth within a range from 6.0 percent (London) to 9.6 percent (Singapore). Whilst growth is still expected during 2012, the difficult and relatively fast-changing changes in the broader economy could very well change the forecast with the next quarterly report.
Top 10 Performers - year-end RevPAR % change in local currency
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