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Category: Markets


Finance and Development, Markets

STR Weekly Insights on Global Hotel Industry Performance: 7&13 April 2024

April 22, 2024

Via: Hotel News Resource

2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse. Revenue per available room (RevPAR) rose 5.8% driven by nearly equal gains in occupancy and average daily rate (ADR). However, the growth was not […]


Finance and Development, Markets

Global Travel and Tourism Sector Deal Activity Fell by 14.9% YoY in Q1 2024, According to GlobalData

April 18, 2024

Via: Hotel News Resource

Travel and tourism sector witnessed the announcement of 165 deals* globally during the first quarter (Q1) of 2024. This represents a year-on-year (YoY) decline of 14.9% compared to the announcement of 194 deals during the same period last year, according […]


Finance and Development, Markets

U.S. Hotel Performance for Week Ending March 23rd

April 4, 2024

Via: Hotel News Resource

As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March. 24-30 March 2024 (percentage change from comparable week in 2023): Occupancy: 62.3% (-5.6%) Average daily rate (ADR): […]


Finance and Development, Markets

STR Commentary on U.S. Hotel Performance for February 2024

March 27, 2024

Via: Hotel News Resource

Top-Line Metrics (February 2024, percentage change from February 2023): Occupancy: 58.9% (-1.8%) Average daily rate (ADR): US$158.23 (+3.9%) Revenue per available room (RevPAR): US$93.19 (+2.0%) Key points February produced modest RevPAR growth, reflecting the continued return to low single-digit gains. […]


Finance and Development, Markets

STR Reports More Global Hotel Markets Growing RevPAR

March 22, 2024

Via: Hotel News Resource

STR’s global “bubble chart” update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate […]


Finance and Development, Markets

U.S. Hotel Performance for Week Ending March 16th

March 21, 2024

Via: Hotel News Resource

U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. 10-16 March 2024 (percentage change from comparable week in 2023): Occupancy: 66.5% (-1.4%) Average daily rate (ADR): US$163.21 […]


Finance and Development, Markets

Travel and Tourism Sector Deal Activity Down by 22.5% YoY During January&February 2024

March 13, 2024

Via: Hotel News Resource

The travel and tourism sector witnessed the announcement of 93 deals* globally during the first two months of 2024, an year-on-year (YoY) decline of 22.5% compared to the announcement of 120 deals during the same period in 2023, reveals GlobalData. […]


Finance and Development, Markets

Dubai Hotel Occupancy Jumped to 90.8% During February

March 12, 2024

Via: Hotel News Resource

A series of events pushed all-time high occupancy levels in Dubai, according to February preliminary data from CoStar. February 2024 (year-over-year % change): Occupancy: 90.8% (+3.4%) Average daily rate (ADR): AED887.06 (+9.3%) Revenue per available room (RevPAR): AED805.21 (+13.1%) Read […]


Finance and Development, Markets

STR Commentary on U.S. Hotel Performance for January 2024

March 4, 2024

Via: Hotel News Resource

Top-Line Metrics (January 2024, percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): $146.33 (+2.7%) Revenue per available room (RevPAR): $75.99 (+0.9%) Key points January produced modest RevPAR growth, reflecting the continued return to pre-COVID patterns of […]


Finance and Development, Markets

Global Urban Hotel Performance is Accelerating According to JLL

February 27, 2024

Via: Hotel News Resource

While global hotel revenue per available room (RevPAR) remains elevated, surpassing 2019 levels by 11.7% through the first eleven months of 2023, performance has begun to normalize as some leisure travel contracts. Stabilization has weighed heaviest in resort markets, predominantly […]


Finance and Development, Markets

AHLA Report Shows Positive Outlook For Hotel Industry in 2024

February 13, 2024

Via: Hospitality Design

A new report from the American Hotel & Lodging Association (AHLA) found that 72 percent of the 2,202 U.S. adults surveyed plan to maintain or increase their number of hotel stays in 2024 compared to 2023. The survey found that […]


Finance and Development, Markets

Hotel Revenue Management: 10 Ways to Boost Hotel Income in 2024

February 12, 2024

Via: Hotel News Resource

Elevate the guest experience For hotels, it’s more important than ever to offer experiences that meet guests’ evolving expectations. Achieve exceptional client experiences by enhancing your customer journey, actively pursue and promote sustainability initiatives, deliver seamless customer experiences, and consider […]


Finance and Development, Markets

U.S. Hotel Performance for Week Ending January 27th

February 8, 2024

Via: Hotel News Resource

U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February. 28 January through 3 February 2024 (percentage change from comparable week in 2023): Occupancy: 55.2% (-0.1%) Average daily […]


Finance and Development, Markets

STR and Tourism Economics Upgrade U.S. Hotel ADR and RevPAR Forecast

November 20, 2023

Via: Hotel News Resource

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023. For 2023, growth in RevPAR was raised by 0.3 percentage points, due […]


Finance and Development, Markets

Travel and Tourism Sector Deal Activity Down by 31.8% YoY During January-October 2023

November 10, 2023

Via: Hotel News Resource

A total of 621 deals* were announced in the travel and tourism sector globally during January-October 2023, which was a decline of 31.8% compared to the announcement of 911 deals during the same period in the previous year, finds GlobalData. […]


Finance and Development, Markets

HVS Europe Hotel Transactions Bulletin Week Ending 27 October 2023

November 1, 2023

Via: Hotel News Resource

Saudi Arabia Sovereign Wealth Fund PIF to acquire 49% stake in Rocco Forte Hotels Saudi Arabia’s Public Investment Fund (PIF) is close to acquiring a 49% stake in Rocco Forte Hotels, valuing the stake at approximately €1.5 billion. Sir Rocco […]


Finance and Development, Markets

HVS Europe Hotel Transactions Bulletin Week Ending 20 October 2023

October 24, 2023

Via: Hotel News Resource

Gruppo Statuto acquires Six Senses Rome from Orion Capital Italian investor Gruppo Statuto has acquired the ultra-luxury, 96-room Six Senses Rome for a reported €245 million (€2.6 million per room), from London-based real estate investment manager Orion Capital. The trophy […]


Finance and Development, Markets

2023 Asia Pacific Hotels & Hospitality Outlook from CBRE

October 19, 2023

Via: Hotel News Resource

Despite current economic headwinds and constraints on airline seat availability, hotel performance in Asia Pacific has continued to improve in 2023. The recovery continues to be largely driven by domestic demand, although the return of mainland Chinese tourists at the […]


Finance and Development, Markets

London Hotel Performance Growth Moderated in September

October 12, 2023

Via: Hotel News Resource

With the summer travel surge concluded, London’s hotel industry showed more normalized levels of growth, according to preliminary September 2023 data from CoStar. September 2023 (year-over-year % change): Occupancy: 84.3% (+3.1%) Average daily rate (ADR): GBP208.51 (+2.6%) Revenue per available […]


Finance and Development, Markets

HVS Europe Hotel Transactions Bulletin Week Ending 22 September 2023

September 28, 2023

Via: Hotel News Resource

Blackstone acquires the Cascade Wellness Resort in Lagos, Portugal, from Fliptrel Blackstone, through its Luxembourg-based subsidiary Magma Pledgeco, has acquired the five-star, 164-room (including apartments) Cascade Wellness Resort in Portugal from Fliptrel Portugal, for a reported €50 million (€305,000 per […]