Panama Property For Sale arrow Panama arrow Hotels in Panama at 84.7% Occupancy Rate
Hotels in Panama at 84.7% Occupancy Rate PDF Print E-mail
Written by Worldwide Properties   
Wednesday, 07 May 2008

Hotels in Panama at 84.7% Occupancy Rate

By Kelvin Wong for (Bloomberg) -- Six Australian cities are among the 20 destinations with the highest hotel occupancy rates outside the U.S. last year, with Perth claiming the top spot, according to a report by Deloitte Touche Tohmatsu. Perth had an occupancy rate of 85.1 percent, Deloitte said in a report released today. Next on the list, which tracks 7,800 hotels in 165 cities outside the U.S., was Panama with 84.7 percent followed by Dubai at 84.5 percent. Brisbane came in fourth with 84.3 percent. The other Australian cities in the top 20 were Melbourne, Sydney, Adelaide and Cairns. (more)



World tourist arrivals rose 6 percent to 900 million in 2007 on the strength of the global economy and the growth of low-cost airlines, according to the World Tourism Organization. Occupancy at Australian cities was further boosted by a lack of new hotel projects, Ian Breedon, a Sydney-based partner at Deloitte, said in a press release today.

Declining travel costs ``will push up the demand for more hotel space in Australia,'' Breedon said. ``It will bring to our shores many more visitors, especially from Asia.''

Hotels in Venice had the world's highest average revenue per available room at $265, 22 percent higher than in 2006, the report said. Paris was second with $249 revenue per room, followed by Moscow at $244 and London with $224.

The Asia-Pacific region had 185 million arrivals last year, 10 percent more than in 2006, second to Europe with 480 million on 4 percent growth, the report said, citing the World Tourism Organization. The Americas had 142 million visitor arrivals, 4 percent higher than the previous year.

To contact the reporter on this story: Kelvin Wong in Hong Kong at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

 
< Prev   Next >