Morgan Stanley reports hotel revenue growth boosted by Easter comparisons

Investing.com -- Morgan Stanley's Global Hotel Weekly RevPar tracker showed strong revenue per available room growth this week, with the US reporting a 14.6% year-over-year increase in the week ending April 18, compared to 0.4% in the prior week.

The improvement benefited from easier comparisons with Easter falling later last year, which negatively impacted business travel. On a four-week rolling basis, US RevPAR stood at 4.5%, compared to 3.5% in the first quarter.

European RevPAR rose 6.2% year-over-year in the week ending April 18, strengthening from a decline of 19.2% in the prior week. On a four-week rolling basis, European RevPAR declined 3.7%, compared to 2.0% growth in the first quarter.

UK RevPAR increased 6.0% year-over-year in the week ending April 18, up from a decline of 12.3% in the prior week. On a four-week rolling basis, UK RevPAR fell 2.2%, compared to 1.4% growth in the first quarter. London RevPAR rose 2.1%, while regional areas increased 7.2%.

China RevPAR declined 0.5% year-over-year in the week ending April 18, weakening from 4.3% growth in the prior week. On a four-week rolling basis, China RevPAR stood at 4.1%, compared to 5.0% in the first quarter.

Japan RevPAR grew 17.0% year-over-year in the week ending April 18, down from 39.1% in the prior week. On a four-week rolling basis, Japan RevPAR increased 21.5%.

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