Hotel Online  Special Report
advertisements

,

International Occupancy and Rate Report
March 2003 Summary Report

 
General issues
  • Build up and eventual start of the war in Iraq on 20 March 2003 impacted travel patterns across the world. Demand for hotel accommodation in the Middle East and key European gateway cities were consequently affected.
  • Outbreak of SARS (severe acute respiratory syndrome) started to impact demand in key locations across Asia Pacific.
  • Timing of Easter, last year this fell in March.
Asia Pacific
  • Auckland / America Cup Final - last race held on the 5 March 2003.
  • Hong Kong / World Health Organisation (WHO) issued emergency guidance for travellers and airlines due to spread of SARS.
  • Singapore / Reported cases of SARS started to impact hotels performance.
  • Sydney / Increase in average room rate of 16.2 percent is a function of the exchange rate of the Australian dollar to the US dollar.
Caribbean & Latin America
  • Buenos Aires / Hotel performance improving in line with improved economic conditions. Steady economic recovery in Argentina in 2003, after five years of recession, has naturally had a knock on impact on demand for hotel accommodation. 
  • Sao Paulo / The devaluation of the Brazilian Real is a primary reason for the declines in average room rate when reported in US$.
Europe
  • Hotel performance across key gateway cities further compounded by the war in Iraq.
  • Vienna / The 600-room Hilton closed for refurbishment in January 2003, thus reducing supply.


Middle East

  • Hotel performance across the region impacted by the war in Iraq.

March 2003
performance

March performance in US dollars
Occupancy
Average room rate
RevPAR
2003
Change
2003
Change
2003
Change
%
  
US$
  
US$
  
 
 
 
 
 
 
 
Asia Pacific (HotelBenchmark sample represents approximately 1,000 hotels across the region)
 
 
Auckland
83.8
2.9%
78
40.3%
65
44.3%
Beijing
74.7
-10.8%
82
7.6%
61
-4.0%
Hong Kong
69.9
-15.3%
114
-0.9%
80
-16.1%
Singapore
66.9
-12.2%
83
-3.6%
55
-15.4%
Sydney
75.8
0.3%
96
16.2%
73
16.5%
Tokyo
79.4
-2.5%
197
12.7%
157
9.9%
             
Caribbean & Latin America (HotelBenchmark sample represents approximately 120 hotels across the region)  
Buenos Aires
57.4
27.4%
94
-5.5%
54
20.4%
Mexico City
67.0
6.9%
133
0.8%
89
7.8%
Quito
57.0
0.6%
74
2.6%
42
3.2%
Sao Paulo
49.3
-9.7%
85
-33.8%
42
-40.3%
Santiago
61.5
8.5%
92
-18.7%
57
-11.8%
             
Europe (HotelBenchmark sample represents approximately 3,500 hotels across the region)    
Amsterdam
71.3
-8.8%
138
16.9%
98
6.7%
Berlin
57.1
-7.2%
109
14.0%
62
5.8%
Brussels
61.8
-5.6%
123
23.7%
76
16.8%
London
67.5
-10.6%
147
8.0%
99
-3.4%
Madrid
67.6
-0.4%
159
30.9%
107
30.4%
Paris
62.8
-14.5%
182
20.0%
114
2.6%
Rome
61.7
-8.7%
162
14.3%
100
4.4%
Vienna
66.7
5.6%
97
30.9%
65
38.2%
             
Middle East (HotelBenchmark sample represents approximately 500 hotels across the region)    
Cairo
47.9
-29.5%
60
-5.2%
29
-33.2%
Dubai
62.2
-30.2%
122
-7.6%
76
-35.6%
Jerusalem
17.9
-44.9%
72
-16.7%
13
-54.1%
Riyadh
54.9
-16.9%
110
-6.0%
60
-21.9%
             
March performance in Euros
Occupancy
Average room rate
RevPAR
2003
Change
2003
Change
2003
Change
%
  
Euros
  
Euros
  
             
Europe (HotelBenchmark sample represents approximately 3,500 hotels across the region)    
Amsterdam
71.3
-8.8%
126
-6.5%
90
-14.7%
Berlin
57.1
-7.2%
100
-8.9%
57
-15.5%
Brussels
61.8
-5.6%
113
-1.1%
70
-6.7%
London
67.5
-10.6%
135
-13.6%
91
-22.8%
Madrid
67.6
-0.4%
146
4.6%
98
4.2%
Paris
62.8
-14.5%
167
-4.1%
105
-18.0%
Rome
61.7
-8.7%
148
-8.6%
92
-16.5%
Vienna
66.7
5.6%
89
4.6%
59
10.5%
             

Rolling 12 months
to end of March 2003

Rolling 12 months to end of March 2003 in US dollars
Occupancy
Average room rate
RevPAR
2003
Change
2003
Change
2003
Change
%
  
US$
  
US$
  
             
Asia Pacific (HotelBenchmark sample represents approximately 1,000 hotels across the region)
 
 
Auckland
71.9
8.6%
67
32.9%
48
44.4%
Beijing
74.9
3.3%
80
5.6%
60
9.1%
Hong Kong
78.0
4.5%
118
0.5%
92
5.0%
Singapore
69.8
0.1%
84
-5.1%
59
-4.9%
Sydney
73.0
7.5%
87
9.1%
63
17.3%
Tokyo
77.8
0.3%
197
4.1%
153
4.4%
 
 
 
  
 
  
 
Caribbean & Latin America (HotelBenchmark sample represents approximately 120 hotels across the region)
 
Buenos Aires
43.4
-10.2%
93
-34.7%
40
-41.3%
Mexico City
66.4
3.7%
131
-2.3%
87
1.2%
Quito
56.9
3.7%
75
5.3%
42
9.3%
Sao Paulo
48.1
-7.3%
90
-27.2%
43
-32.6%
Santiago
51.6
9.1%
95
-13.2%
49
-5.3%
             
Europe (HotelBenchmark sample represents approximately 3,500 hotels across the region)    
Amsterdam
77.0
-3.2%
139
10.8%
107
7.3%
Berlin
60.8
-6.6%
95
11.4%
58
4.1%
Brussels
63.4
-4.3%
101
11.9%
64
7.1%
London
74.3
2.1%
157
4.2%
117
6.3%
Madrid
68.4
1.9%
143
15.1%
98
17.2%
Paris
71.2
-1.2%
186
15.2%
132
13.8%
Rome
67.1
-3.5%
163
14.4%
110
10.4%
Vienna
68.3
2.4%
87
10.9%
60
13.6%
 
 
 
  
 
  
 
Middle East (HotelBenchmark sample represents approximately 500 hotels across the region)
 
 
Cairo
63.6
6.7%
65
-14.6%
41
-8.8%
Dubai
76.6
7.0%
111
5.7%
85
13.1%
Jerusalem
31.6
-4.1%
72
-6.9%
23
-10.7%
Riyadh
60.2
4.9%
113
-2.1%
68
2.6%
             
Rolling 12 months to end of March 2003 in Euros
Occupancy
Average room rate
RevPAR
2003
Change
2003
Change
2003
Change
%
  
Euros
  
Euros
  
             
Europe (HotelBenchmark sample represents approximately 3,500 hotels across the region)    
Amsterdam
77.0
-3.2%
140
-1.9%
108
-5.0%
Berlin
60.8
-6.6%
96
-1.6%
58
-8.1%
Brussels
63.4
-4.3%
101
-1.7%
64
-5.9%
London
74.3
2.1%
157
-8.3%
117
-6.4%
Madrid
68.4
1.9%
143
1.2%
98
3.0%
Paris
71.2
-1.2%
186
1.4%
133
0.2%
Rome
67.1
-3.5%
164
1.0%
110
-2.6%
Vienna
68.3
2.4%
87
-2.3%
60
0.1%
             

 
NOTES

Contributing hotels include both independent and group operated units and the sample is typically representative of quality hotel supply. To ensure direct comparability of results, only hotels that have been able to provide two full years of trading data have been included in this survey. The exception however, is that new hotel openings are now included in the results. 

This report contains proprietary information of Deloitte & Touche, and any reproduction of this report, in whole or part, must be attributed to the 'HotelBenchmark Survey by Deloitte & Touche' and display the following copyright notice �©Deloitte & Touche 2003. All rights reserved.� Failure to do so may result in legal action. 

Whilst every effort has been made to ensure the accuracy of the information contained in this report, this cannot be guaranteed and neither Deloitte & Touche nor any related entity shall have any liability to any person or entity who relies on the information contained in this report. Any such reliance is solely at the users risk.

 
Contact:
Lorna Clarke
HotelBenchmark Survey
Deloitte & Touche
180 Strand, London WC2R 1BL
United Kingdom
Tel: 44 20 7438 2870, Fax: 44 20 7304 1391
E-mail: [email protected]
www.HotelBenchmark.com
Also See:  International Occupancy and Rate Report / December 2002 / Deloitte & Touche / Feb 2003
Hotels Struggle with World's Toughest Challenge / Deloitte and Touche / March 2003
International Occupancy and Rate Report / November 2002 / Deloitte & Touche / Jan 2003
Cardiff's Hotel Industry More Robust than Any Other UK City; London Fared the Worst, with Profits Declining 15 percent / Deloitte & Touche / Nov 2002
London Hotel Market RevPAR Declines 16 percent in March 2002 / Andersen / April 2002

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Catalogs & Pricing | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.