It’s a great day for numbers!
Preliminary January hotel metrics for the total U.S. indicate occupancy percent change in the range of flat to down 2 percent and revenue per available room down 7 percent to 9 percent, according to Smith Travel Research.
Among the chain-scale segments, three show preliminary increases in occupancy: luxury (increase of 6 percent to 8 percent); upper upscale (increase of 4 percent to 6 percent); and upscale (increase of 3 percent to 5 percent).
The total active U.S. hotel development pipeline includes 3,647 projects comprising 378,145 rooms, according to the January 2010 STR/TWR/Dodge Construction Pipeline Report. This is a 35.9-percent decrease in the number of rooms in the total active pipeline compared to January 2009.
For the week ending 6 February 2010, the U.S. hotel industry experienced virtually flat occupancy with a 0.8-percent decrease to 48.4 percent, ADR dropped 4.8 percent to US$95.34, and RevPAR fell 5.6 percent to US$46.14, according to STR.
Miami-Hialeah, Florida, host of Super bowl XLIV on 7 February 2010, was the only top 25 market to experience increases in all three key performance metrics during the week.
Marriott International reported its fourth-quarter 2009 adjusted income from continuing operations totaled US$118 million, a 2-percent decline compared to the same period in 2008, and adjusted diluted earnings per share from continuing operations attributable to Marriott shareholders totaled US$0.32, down 3 percent. On 8 October 2009 the company forecasted fourth quarter adjusted diluted EPS of US$0.20 to US$0.23.
Revenue per available room for the company’s worldwide comparable company-operated properties declined 12.2 percent (12.4 percent using constant dollars) in the 2009 fourth quarter, and RevPAR for the company’s worldwide comparable systemwide properties declined 12.3 percent (12.5 percent using constant dollars).
Outside North America, the fourth quarter included the months from September to December in both years. International comparable company-operated RevPAR declined 11.1 percent (11.7 percent using constant dollars), including an 11.6 percent decline in average daily rate (12.2 percent using constant dollars) in the fourth quarter of 2009.
For the first quarter of 2010, the company assumes worldwide comparable systemwide hotel RevPAR declines 5 percent to 7 percent on a constant dollar basis. For North American comparable systemwide hotels, the company assumes RevPAR declines of 7 percent to 8 percent and for comparable systemwide hotels outside North America, RevPAR could decline 2 percent to 3 percent on a constant dollar basis.
Dubai-based Emaar Properties, which developed the gravity-defying Burj Khalifa, reported a 2009 net annual operating profit of AED 2.3 billion (US$633 million).
The company said it opened two hotels in 2009, The Address Dubai Mall and The Address Dubai Marina.
Fourth-quarter 2009 net operating profits were AED 923 million (US$251 million), 41 percent higher than the third-quarter net operating profit of AED 655 million (US$178 million) and 149 percent higher than the fourth-quarter 2008 net operating profit of AED 370 million (US$101 million). Revenues for the last three months of 2009 were AED 2.984 billion (US$812 million), 53 percent higher than third-quarter 2009 revenue of AED 1.948 billion (nearly US$530 million) and 94 percent higher than the fourth-quarter 2008 revenue of AED 1.535 billion (US$418 million).
Compiled by Stacey Higgins.
