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Category: Markets


Finance and Development, Markets

U.S. Hotel Gross Operating Profit Per Available Room Fell 116.9% During April 2020

June 1, 2020

Via: Hotel News Resource

U.S. hotel gross operating profit per available room fell 116.9% during April 2020, according to the latest monthly P&L data release from STR. In a year-over-year comparison with April 2019, the industry reported the following: GOPPAR: -116.9% to US-$17.98 TRevPAR: […]


Finance and Development, Markets

Scant Business at Europe’s Hotels Sends Profit to Historical Low

May 29, 2020

Via: Hospitality Net

April was a month of virtually no business volume for Europe’s hotels, as the coronavirus spread across the continent, prompting countries such as Spain, Italy and Russia to impose lockdowns in order to flatten the infection curve. The result was […]


Finance and Development, Markets

Hotels in the Middle East And Africa Report Unprecedented Performance Lows for April 2020

May 26, 2020

Via: Hotel News Resource

Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR. U.S. dollar constant currency, April 2020 vs. April 2019 Middle East Occupancy: -58.0% to […]


Finance and Development, Markets

U.S. Hotel RevPAR to Decline 57.5% in 2020 and 48% In 2021

May 18, 2020

Via: Hotel News Resource

The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021. Each percentage change was downgraded from a late-March forecast […]


Finance and Development, Markets

STR: Canada Hotel Results For Week Ending 2 May

May 8, 2020

Via: Hospitality Net

HENDERSONVILLE, Tennessee – Showing further COVID-19 impact, the Canadian hotel industry recorded steep year-over-year declines in the three key performance metrics during the week of 26 April through 2 May 2020, according to data from STR. In comparison with the […]


Finance and Development, Markets

U.S. Hotels Zapped Into Profit Shock From COVID-19

May 1, 2020

Via: Hotel News Resource

U.S. hoteliers got their first taste of the impact of COVID-19 on hotel profit and loss in March, and the bad taste in their mouths is likely to linger for a while. Gross operating profit per available room (GOPPAR) was […]


Finance and Development, Markets

Asia-Pacific Hotels Continue Profit Free Fall

April 29, 2020

Via: Hospitality Net

Asia-Pacific, where the coronavirus first appeared, continues to serve as the baseline for global hotel data performance comparison. March data indicates that the virus’ impact on hotel performance is not subsiding; in fact, it’s intensifying. After breaking even in February, […]


Finance and Development, Markets

Global hotel profit rocked by COVID-19

April 28, 2020

Via: Hotel Management

As expected, March was a brutal month for the global hospitality industry as a result of the COVID-19 pandemic, according to HotStats data, with the U.S., Europe, Asia and Middle East all recording year-over-year profit drops of 100 percent or […]


Finance and Development, Markets

U.S. Hotel Industry Reports 43.3 Percent Occupancy Drop for March

April 21, 2020

Via: Hotel News Resource

In its first month with a visible impact from the COVID-19 pandemic, the U.S. hotel industry reported double-digit declines in the three key performance metrics during March 2020, according to data from STR. In a year-over-year comparison with March 2019, […]


Finance and Development, Markets

Tokyo’s Olympic Hotel Gains Forecasted to Lessen in 2021

April 21, 2020

Via: Hotel News Resource

The Summer Olympics’ performance gains for Tokyo hotels are projected to be lower after the one-year delay in the event, according to the latest forecast from STR and Tourism Economics. “We are projecting less overall demand when compared with our […]