Category: Markets

November 23, 2022

Following seasonal patterns, Canada’s hotel performance fell from the September but average daily rate (ADR) and revenue per available room (RevPAR) were higher than the pre-pandemic comparables, according to STR’s October 2022 data. October 2022 (percentage change from October 2019) […]

November 18, 2022

The U.S. hotel industry reported higher performance from the month prior but weakened comparisons with 2019, according to October 2022 data from STR. October 2022 (percentage change from October 2019): Occupancy: 67.2% (-2.4%) Average daily rate (ADR): US$155.63 (+16.8%) Revenue […]

November 17, 2022

The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%. “October was a strong rebound month for hotel stocks, and […]

November 16, 2022

A turbulent two years due to the pandemic proved to be the ultimate test of resilience and business continuity for hotels in Ireland. This year, however, has produced a strong recovery despite a difficult start and ongoing global macroeconomic uncertainty. […]

November 14, 2022

With Halloween on Monday during the week of 30 October through 5 November (week 45), U.S. hotel demand and occupancy saw a sharp decrease Sunday and Monday with the declines lingering into Tuesday and to a lesser extent Wednesday. As […]

November 10, 2022

As expected due to the Halloween calendar shift, U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019, according to STR‘s latest data through 5 November. 30 October through 5 November 2022 (percentage change […]

November 7, 2022

A decrease in U.S. hotel demand and occupancy for the week of 23-29 October was expected and not as steep as previous years. The largest week-over-week declines were seen over the weekend (Friday & Saturday) with demand down 11% as […]

November 1, 2022

U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR’s July 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the […]

October 27, 2022

U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 22 October. 16-22 October 2022 (percentage change from comparable week in 2019*): Occupancy: 69.9% (-0.5%) Average daily rate (ADR): […]

October 25, 2022

STR’s U.S. ‘bubble’ chart update for mid-October 2022 highlights the best and worst performing hotel markets in terms of occupancy, the average percentage of rooms being filled. Data for the four weeks ending 15 October shows that New York City […]

October 19, 2022

The U.S. hotel industry reported higher performance from the month prior and improved comparisons with 2019, according to September 2022 data from STR. September 2022 (percentage change from September 2019): Occupancy: 66.7% (-0.6%) Average daily rate (ADR): US$154.32 (+16.9%) Revenue […]

October 17, 2022

The Baird/STR Hotel Stock Index fell 9.1% in September to a level of 4,564. Year to date through the first nine months of 2022, the stock index has dropped 20.6%. “September was a risk-off month for the broader market, and […]

October 12, 2022

Berlin’s hotel industry reported improved occupancy and all-time highs in room rates and revenue per available room (RevPAR), according to preliminary September 2022 data from STR. Occupancy: 83.4% Average daily rate (ADR): EUR158.55 Revenue per available room (RevPAR): EUR132.30 While […]

October 7, 2022

U.S. hotel performance was affected by two significant demand-influencing events during 25 September to 1 October 2022 – Rosh Hashanah and Hurricane Ian. The religious observance was mostly responsible for a fall in U.S. room demand, which was down 5.1% […]

October 4, 2022

The survey compared hotel rates across 50 US destinations during October 2022 – the month when hotel prices in most American cities tend to be at their highest. With an average rate of $262 for the most affordable double room, […]

October 3, 2022

U.S. hotel industry occupancy topped 70% for the week ending 24 September 2022—an eight-week high. Weekday (Monday-Wednesday) demand and occupancy improved with the measures increasing to the highest levels since the summer. The Top 25 Markets saw weekday occupancy reach […]

October 3, 2022

Japan, like much of Asia Pacific, decided on a policy of isolationism when it came to the pandemic, which has resulted in the best part of two-and-a-half years of low-to-no travel. Furthermore, the Japanese government has been one of the […]

September 29, 2022

U.S. hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR‘s latest data through 24 September. 18-24 September 2022 (percentage change from comparable week in 2019*): Occupancy: 70.0% (-1.5%) Average daily rate (ADR): US$157.99 […]

September 28, 2022

Canada’s monthly hotel occupancy reached its highest absolute level for any month since August 2019, according to STR’s August 2022 data. August 2022 (percentage change from July 2019) Occupancy: 76.4% (-3.0%) Average daily rate (ADR): CAD212.38 (+14.6%) Revenue per available […]

September 14, 2022

The Baird/STR Hotel Stock Index dipped 2.7% in August to a level of 5,021. Year to date through the first eight months of 2022, the stock index decreased 12.6%. “Hotel stocks took a breather in August after July’s sharp rebound. […]