Europe's growing economy and the rising influx of tourists could strengthen the credit quality of European hotel companies, as the resulting boost to occupancy and average daily rates
looks set to push margins beyond pre-crisis levels, Moody's Investors Service said in a report.
Average daily rates
stable overall, with a strong increase in Subsea Services (+12.
Elizabeth Randall Winkle, the managing director of STR Global, said, 'The positive news across the European hotel market is the solid performance of average daily rates
(in Euros) with a 6.
Tourism chiefs may want more hotels for the UAE - but figures released on Sunday showed hotel occupancy, average daily rates
and revenues all dipped in September compared to the same month in 2011.
Mondrian South Beach had the lowest rates among the company's Miami Beach hotels, and accordingly saw a jump in occupancy to 59 percent and an increase in average daily rates
Retail rents in high traffic areas continue to break records and hotels are seeing strong increases in both average daily rates
The hotel industry saw record average daily rates
in 2004, and the WCTC said this year's calendar is packed with high-profile gatherings, including the largest meeting in the city's history-30,000 attendees at the end of this month for the American Academy of Orthopedic Surgeons conference.
With the average daily rates
for single rooms in assisted living facilities and nursing homes exceeding $100 per day, Guardian Alert 911 practically pays for itself in days.
Jeddah also reported the best performance in average daily rates
which rose 13 percent to $258.
hotel performance improved last week, with occupancy, average daily rates
and revenue per available room all up from their levels during the same period last year, according to the latest data from Smith Travel Research.
The addition of this premier hotel property to the PRIME portfolio increases the fund's exposure to the lodging sector, which is experiencing significant growth in occupancy, average daily rates
and revenue per available room," said David Hardman, managing director and head of U.
Tourism measures have rebounded to their pre 2001 highs, as evidenced by rising figures for tourist visits, hotel occupancy, and average daily rates