Hotel Room Rate statistics

Tag Archives for Hotel Room Rate statistics.

Aug252015

Hyatt Hotels by the numbers 2015 Q2

Numbers from hotel chain financial statements usually include average daily rates for different brands and the number of hotels. Hyatt Hotels released its 2015 Q2 financial statement in early August. Hyatt Hotels average daily rates by brand during Q2 2015 Park Hyatt $312.64; occupancy 68.8%. Andaz $335.39; occupancy 80.7%. Grand Hyatt $238.53; occupancy 77.7%. Hyatt…

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Jul202010

Higher Rates Coming to a Hotel Near You Soon

Marriott reported second quarter profits last week that beat analysts expectations. Arne Sorenson, Marriott’s CEO, stated room rates will likely rise by the end of 2010 with the resurgence in corporate bookings. Hoteliers are optimistic that the industry will avoid a double dip recession. Increased room demand from business travelers will allow higher rates going…

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Aug062008

Elevator Talk

New York Times published a news article last week on the state of the hotel industry, “Terrible Timing for a Hotel Boom”. Some interesting data: –         Across the USA occupancy levels are down 5% from 2007. –         New York City is the nation’s bright spot with high hotel rates and high occupancy.  Foreign tourism is…

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