Category: Markets

June 1, 2020

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: […]

May 29, 2020

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 […]

May 26, 2020

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 […]

May 18, 2020

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 […]

May 8, 2020

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 […]

May 1, 2020

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 […]

April 29, 2020

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, […]

April 28, 2020

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 […]

April 21, 2020

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, […]

April 21, 2020

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 […]