Hotel occupancy and revenues increased in most regions during May, while rates were significantly up in New York and several Asia Pacific markets, according to new data.
Hotels in Europe revealed mixed results, revealed a study by Smith Travel Research.
Hotel occupancy in the Americas increased by 7.5% and rates were nearly flat compared with May 2009, while Chicago posted the largest rate fall of 5.2%.
Shanghai, Beijing and Hong Kong recorded the biggest increases while only four markets – Bangkok and Osaka in Japan, and Mumbai and New Delhi in India – reported falls in room rates.
Asia Pacific reported an increase in occupancy by 15.3%, room rates rose by 8.6% and RevPAR was up 25.2%.
RevPAR rose in all American markets except Alberta, Canada, where it fell by 3%.
The largest RevPAR increases were posted in Sao Paulo with 42.9%, Rio de Janeiro with 44.5% and Mexico City with 201.3%.
