Category: Markets

March 29, 2023

STR’s global “bubble chart” update through 18 March 2023 shows growing momentum in the Asia Pacific region and more than half of markets globally with better than 20% growth in revenue per available room (RevPAR) versus 2019. Among all countries […]

March 27, 2023

Spring break travel propelled the U.S. hotel industry to stronger performance than projected. The week ending 18 March this year was the peak spring break period with the most students (both college and K-12 schools) out of session, according to […]

March 20, 2023

The Baird/STR Hotel Stock Index fell 2.5% in February to a level of 5,541. “Hotel stocks – just like the broader market – pulled back in February as the focus turned to earnings and initial 2023 outlooks,” said Michael Bellisario, […]

March 13, 2023

U.S. Performance Hotel occupancy came in at 62.8%, which was down from an elevated 64.2% the week prior (Presidents’ Day holiday) but higher than all other weeks in 2023 and 3.0% above the 2022 comparable. Average daily rate (ADR) was […]

March 9, 2023

U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March. 26 February through 4 March 2023 (percentage change from comparable weeks in 2022, 2019): Occupancy: 62.8% (+3.0%, -5.6%) Average daily rate (ADR): US$151.35 (+8.9%, […]

March 8, 2023

January 2023 Top-Line Metrics (percentage change from January 2019): Occupancy: 52.8% (-3.0%) Average daily rate (ADR): US$142.14 (+13.8%) Revenue per available room (RevPAR): US$75.01 (+10.4%) Key points Indexes are becoming challenging to translate and are less telling. Expect a shift […]

March 6, 2023

U.S. performance Hotel occupancy continued a seasonal rise, reaching 64.2% for the week ending 25 February. That level was up 2.2 percentage points (ppts) year over year (YoY). Room demand (24.9 million) was the highest ever for the week containing […]

February 28, 2023

The reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR. The rise in room rates […]

February 27, 2023

U.S. performance On the back of a solid Presidents’ Day weekend, U.S. hotel occupancy reached a 13-week high (60.8%) with an increase of 1.9 percentage points (ppts) versus the comparable week last year. Average daily rate (ADR) improved 10% year […]

February 23, 2023

The UKHospitality Quarterly Tracker, in association with CGA, shows revenue was up 4.2% in 2022 compared to 2019, but down 13% in real terms when inflation is accounted for. Cost pressures, alongside ongoing labour shortages and Covid-19 debt, has left […]

February 23, 2023

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 February. 12-18 February 2023 (percentage change from comparable week in 2019*): Occupancy: 60.8% (-5.5%) Average daily rate (ADR): US$156.10 (+19.5%) Revenue per available room (RevPAR): […]

February 22, 2023

India’s hotel industry turned in a stellar 2022 with revenue per available room (RevPAR) 100% recovered to pre-pandemic levels even with a devastating start to the year caused by a surge in the Omicron variant. Steeper declines, sharper inclines Recovery […]

February 20, 2023

Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR. January 2023 (percentage change from January 2019): Occupancy: 52.8% (-3.0%) Average daily rate (ADR): US$142.14 (+13.8%) Revenue per available […]

February 17, 2023

U.S. performance The U.S. hotel industry saw accelerated growth, as predicted, with revenue per available room (RevPAR) gaining 8.5% week on week (WoW) to US$87. That RevPAR level was the highest of the past nine weeks and 18.9% higher than […]

February 10, 2023

U.S. performance In the week ending 4 February 2023, occupancy fell one percentage point (ppt) week over week (WoW) to 55.4%. The drop was not unexpected given previous history, and more importantly, the decrease was less than what we anticipated […]

February 9, 2023

Performance recovery was substantial for most of Latin America’s hotel industry in 2022, with Mexico, Central America and South America easily surpassing their pre-pandemic comparables in revenue per available room (RevPAR). While all three experienced substantial growth in room rates, […]

February 9, 2023

U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February. 29 January through 4 February 2023 (percentage change from comparable week in 2019*): Occupancy: 55.3% (-7.3%) Average daily rate (ADR): US$145.35 (+13.9%) Revenue […]

February 2, 2023

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January. 22-28 January 2023 (percentage change from comparable week in 2019*): Occupancy: 56.3% (-0.3%) Average daily rate (ADR): US$142.66 (+13.4%) Revenue per available room (RevPAR): […]

February 1, 2023

In line with the drop of international arrivals our monthly hotel performance survey on the performance of the Greek hotel sector showed a decline of room nights sold by 10.1% during 2022 compared to 2019 International arrivals in Greece declined […]

January 30, 2023

The strong recovery in 2022 brought much relief to a sector devastated by COVID-19. The quick retraction of onerous COVID-19 policies, released the much pent-up demand in the market, making it the single biggest reason for a strong recovery. While […]