Reykjavik and Tokyo had the world’s largest gains in hotel room revenue last year, with the latter city bouncing back from the earthquake and tsunami in March 2011.
The Icelandic city’s revenue per available room (RevPAR) jumped 24% last year, while Tokyo’s advanced 22%, STR Global reported.
Amman, Jordan, and Jeddah, Saudi Arabia, also showed big gains, with 2012 RevPAR increases of 21% and 20%, respectively.
At the other end of the spectrum, RevPAR at Panama City hotels plunged 24% in 2012, while Athens’ RevPAR dropped 19%. RevPAR in Beirut fell 17%.
On a regional basis, the Americas recorded the best revenue improvement, with RevPAR advancing 6.3%, predominantly on room-rate increases. Oahu and New Orleans were the best-performing markets.
Middle East-Africa and Europe recorded RevPAR increases of 5.6% and 4.8%, respectively, while Asia-Pacific's increased just 1.4%, reflecting the effects of hotel oversupply. Follow Danny King on Twitter @dktravelweekly.