Category: Markets

October 14, 2021

Lifted by the long Columbus Day weekend, U.S. hotel performance rose to a level similar to late-summer, according to STR‘s latest data through 9 October. 3-9 October 2021 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-9.6%) Average daily […]

October 13, 2021

Newly Built Bicol International Airport Fully Opened in Philippines After 12 years of construction at a cost of approximately PHP4 billion, Bicol International Airport (“BIA”) in Daraga, Albay, has opened doors to serve domestic daytime and night flights starting from […]

October 13, 2021

The World Travel & Tourism Council (WTTC) says the UK’s Travel & Tourism sector’s year on year recovery may only claw back a third, whilst international travel spending continues to plummet. Latest research from WTTC, which represents the global Travel […]

October 12, 2021

The Baird/STR Hotel Stock Index rose 5.2% in September to a level of 5,167. Year to date through the first nine months of 2021, the stock index was up 13.0%. “Hotel stocks rebounded strongly in September and finally broke their […]

October 8, 2021

2022 – A Magical Year or More Misery? That’s easy – our hospitality forecast says the bumpy ride is coming to an end. We should assume 6 more months; October through March might remain uneven or bumpy. Why? Because business […]

October 7, 2021

U.S. hotel performance dipped from the previous week, according to STR‘s latest data through 2 October. 26 September through 2 October 2021 (percentage change from comparable week in 2019*): Occupancy: 61.7% (-9.2%) Average daily rate (ADR): US$130.87 (+1.2%) Revenue per […]

October 1, 2021

With the end of the summer travel surge, estimated gross operating profit for U.S. hotels came in lower than the previous month, according to STR‘s August 2021 monthly P&L data release. August GOP was lower on a per-available-room basis as […]

September 27, 2021

During the pandemic, hardly any foreign direct investment has entered the Middle East, and the usual truism remains: When foreign private equity does appear, it is because the market has bottomed out or distress has entered the landscape. Heightened competition […]

September 20, 2021

s the summer leisure travel surge subsided, the U.S. hotel industry reported performance declines from the month prior, according to August 2021 data from STR. August 2021 (percentage change from August 2019): Occupancy: 63.2% (-11.3%) Average daily rate (ADR): US$137.57 […]

August 24, 2021

For three consecutive months now, hotel bookings globally have remained above 60% of 2019 levels – and, unlike this same time last year, we are no longer looking at a world dominated entirely by domestic travel. Rather, as collective confidence […]