This would in turn help Delta in increasing its average occupancy rate, thereby improving the load factors.
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Xiang Yucheng, general manager of Kodak Cinema World, a 930-seat luxury cinema in Shanghai, says his average occupancy at just 20-24% is one of the highest in the country.
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Some will compare historical hotel occupancy and average hotel revenues per room for specific weeks to the event-week in question to gauge the net spike in economic activity.
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Hotels consume massive amounts of energy and use 50% more energy than a similar sized residential building despite having only 55% occupancy rates on average.
Office occupancy costs increased by an average 3.6 percent globally, led by Asia Pacific (7.8 percent) and the Americas thanks primarily to Brazil (5 percent).
The average daily rate hiked 2.7% and occupancy increased 3.4 percentage points to 80.1%.
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When I see a hotel for sale, I hope to see that the broker provided an average daily rate (ADR) in addition to the hotel's occupancy percentage.
We also note that occupancy rates are often a more important metric to hotel operators than average daily rates, as guests that occupy the available rooms can then spend money on food and entertainment.
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Foreign chains are now achieving occupancy rates of 70-100%, which is far higher than the national average of around 60%.
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Average increases in hotel rates in the region should top out at around 6%, with occupancy and prices rising most in Buenos Aires, Mexico City, Santiago and Rio de Janeiro.
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