Procurement
The average daily hotel rate in the United States during July increased by 3.9 percent year over year,
according to STR Global. The industry sold more than
105 million rooms during the month, an industry record, and occupancy was up
2.9 percent. In the Americas region overall, rates were up 4.5 percent and
occupancy up 2.9 percent. Average daily rates were up in all major markets except
for Washington, D.C., where ADR declined by 0.6 percent. Rates also were up
across Europe, most significantly in Zurich (20.6 percent), Amsterdam (20
percent) and Stockholm (19.9 percent). A few cities experienced rate decreases,
including Vienna (down 12.6 percent). ADR in Asia/Pacific jumped 13.9 percent
during July, while occupancy increased by 1.4 percent. The largest rate growth
was in Hong Kong (26.4 percent) and Jakarta (16.9 percent). The largest decreases
occurred in Shanghai (11.1 percent) and Tokyo (9.2 percent). Both occupancy and
rates decreased in the Middle East and Africa during July, down by 1.2 percent
and 1 percent, respectively. A few cities saw slight rate increases, including
Dubai (4.5 percent) and Jeddah, Saudi Arabia (4 percent).