In year-over-year comparisons, occupancy was down 1.2 percent to 64.7 percent, average daily rate rose 2.6 percent to US$109.62 and revenue per available room increased 1.4 percent to US$70.90.
In year-over-year comparisons, occupancy was up 3.2 percent to 64.1 percent, average daily rate rose 7.2 percent to US$110.88 and revenue per available room increased 10.7 percent to US$71.04.
The European Travel Commission (ETC) announced that the first quarterly report on European Tourism in 2013 - Trends & Prospects has just been published. International arrivals and nights to Europe for the first months of 2013 point to a slower, but continued growth for most of the reporting destinations. As 2012 was a strong year for tourism, Europe’s modest upward trend confirms the health of its tourism sector against overall economic turmoil.
MGM National Harbor, a subsidiary of MGM Resorts International (NYSE: MGM), today filed a proposal for a license from the State of Maryland Video Lottery Facility Location Commission to develop a world-class destination resort in Prince George's County.
The industry’s occupancy increased 1.8 percent to 57.7 percent, its average daily rate rose 4.5 percent to US$108.31 and its revenue per available room was up 6.4 percent to US$62.47.
Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.
Overall, the U.S. hotel industry’s occupancy rose 0.4 percent to 63.7 percent, its average daily rate was up 4.2 percent to US$110.57 and its revenue per available room increased 4.6 percent to US$70.39.
Visitors to Las Vegas increased (over 39,700,000 in 2012), exceeding 2007’s previous record. Clark County annual gaming revenue also increased in 2012 as the industry continues its modest recovery, and the lodging market exhibited positive trends.
The revenue increase was driven by 4.4% higher revenues from our Macau Operations coupled with a 6.6% increase in revenues from our Las Vegas Operations.
