November Hotel Rates Down Everywhere Except Americas
November's average daily rate for hotels in the Americas region grew by 3.6 percent year-over-year, according to STR Global, while rates dropped elsewhere around the world. In the Americas, which also reported a 2.3 percent rise in occupancy, the biggest rate increases took place in Chicago (up by 12.8 percent, to $144.04) and Boston (up by 12.1 percent, to $182.45). In Europe, November ADR declined by 5.7 percent in U.S. dollar terms; in Asia Pacific, the ADR dropped by 3 percent; and in the Middle East/Africa, a 2.4 percent ADR decrease was reported. November revenue per available room shot up by 7.1 percent in the United States, the second-highest increase of the year and the 57th consecutive month of positive RevPAR growth.