Category: Markets

June 23, 2022

U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR‘s latest data through 18 June. 12-18 June 2022 (percentage change from comparable week in 2019*): Occupancy: 71.8% (-4.8%) Average […]

June 21, 2022

The U.S. hotel industry reported mixed performance results from the previous month, according to May 2022 data from STR. May 2022 (percentage change from May 2019): Occupancy: 65.1% (-5.0%) Average daily rate (ADR): US$149.91 (+13.4%) Revenue per available room (RevPAR): […]

June 16, 2022

U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through 11 June. 5-11 June 2022 (percentage change from comparable week in […]

June 15, 2022

Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR. Occupancy: 77.9% Average daily rate (ADR): EUR114.19 Revenue per available room (RevPAR): EUR88.90 The absolute occupancy level was […]

June 2, 2022

U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable for a second consecutive month, according to STR‘s April 2022 P&L data release. The GOPPAR, TrevPAR and EBITDA PAR levels were the highest for the country since […]

June 1, 2022

Millions of Americans hit the road over Memorial Day weekend, with record-high gas prices pinching their wallets. The national average price for a gallon of regular unleaded gas hit $4.62 as of Monday, according to AAA, $1.58 higher than a […]

May 31, 2022

The signs of summer are here for the U.S. hotel industry, and some of the nation’s top urban markets are showing consistent evidence of recovery. Increased group and business travel, graduations, and elevated leisure trips drove solid hotel performance during […]

May 26, 2022

The World Travel & Tourism Council (WTTC) has revealed Italy’s Travel & Tourism sector will provide a significant boost to the country’s economic recovery and could almost reach pre-pandemic levels next year, just 0.3% below 2019 levels. The latest forecast […]

May 26, 2022

Weakened traveler confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, says GlobalData. Figures from the leading data and analytics company reveal that outbound tourism from Poland declined […]

May 12, 2022

Vietnam-based Viva Land (“VL”) has agreed upon the acquisition of SO/ Singapore Hotel (“SSH”) from Singapore-based Royal Group (“RG”) for SGD240 million. The 134-key heritage property is situated by the cross junction of Robinson Road and Boon Tat Street. The […]