[ad_1] Average daily rates and revenue per available room for U.S. hotels in July increased slightly year over year while occupancy slipped again, according to hospitality analytics firm STR. In July,…
Tag: occupancy
UAE’s hotels are definitely not having a summer slowdown, as occupancy crosses 80%
[ad_1] Dubai: The UAE’s hotels are not taking it slow this Summer, with many properties cruising along with 80-85 per cent occupancy levels. The strong numbers have come as a…
STR Lowers U.S. Hotel Occupancy, RevPAR Forecast on ‘Normalization’
[ad_1] STR and Tourism Economics have lowered growth expectations for 2023 and 2024 in their U.S. hotel forecast amid a “period of normalization,” according to STR president Amanda Hite. STR…
Cyprus hotels expect August rebound, 85%-90% occupancy forecasted
[ad_1] The occupancy of hotels in July was between 80%-85% and better results are expected for August, when occupancy rates could reach 85%-90% the Head of the Cyprus Hotels Association…
Workspace’s occupancy levels pick up as London comes back to life
[ad_1] Oct 7 (Reuters) – Office space provider Workspace (WKP.L) said on Thursday utilisation of its centres in London peaked at more than half of pre-pandemic levels by the end…
As businesses flee San Francisco, Westfield Mall, handed over to bank
[ad_1] SAN FRANCISCO, California: Due to declining sales, occupancy and foot traffic, Unibail-Rodamco-Westfield decided to transfer its Westfield San Francisco shopping mall to lenders after operating the site for 20…
Teamson UK take up occupancy of new base in Telford
[ad_1] James Owen (Triang Developments), Gary Woods (Teamson), Pawel Boczarski (Teamson), James Harrison (Triang Developments) and Matthew Tilt (Harris Lamb) Furniture and home goods retailer Teamson UK Ltd will occupy…
STR Forecasts Rate Hikes, Lowers Occupancy Projection
[ad_1] STR and Tourism Economics have updated their 2023 U.S. hotel forecast by lifting rate expectations and slightly lowering occupancy projections, the companies announced Monday during the 45th Annual NYU International…
Industrial occupancy, rental growth to ease further: experts
[ad_1] Huttons said rents of industrial space may see not more than 3% growth in 2023. With the weakness of manufacturing and NODX likely to persist in 2023, real estate…
STR: March U.S. Hotel Rates, Occupancy Rise
[ad_1] Average U.S. hotel revenue per available room and daily rates in March 2023 again dominated pre-pandemic benchmarks, while occupancy remained below 2019 levels but increased month over month, according…