Category: Markets

May 17, 2023

Red Plant Hotel in Sapporo, Japan Transacted at JPY1.73 Billion GK Fortune One has just sold the Red Planet Sapporo Susukino South Hotel to Singapore-based consortium led by Heeton Holdings Limited through their local investment vehicle GK Nakashima. The consortium […]

May 15, 2023

Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR. April 2023 (year-over-year % change) Occupancy: 83.9% (+13.6%) Average daily rate […]

May 4, 2023

Trip.com Group reveals its Chinese mainland May Day travel trends, with strong domestic and international booking growth. Chinese outbound travellers were among the most influential consumer groups driving global tourism revenue before the pandemic. After three challenging years, China’s travel […]

April 28, 2023

The post-COVID era was expected to have been a story of strong recovery in the hotel investment market. However, the Russian invasion of Ukraine in February 2022, which fueled huge increases in energy and food prices, overall inflation and therefore […]

April 27, 2023

Emburse announced today the results of its Q1 2023 SpendSmart Travel Trends report. This quarterly report tracks how much organizations spend on travel, as well as trends for booking volume and trip length, and compares it to the previous year […]

April 26, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. March 2023 (percentage change from 2019) Occupancy: 62.6% (+4.2%) Average daily rate (ADR): CAD177.72 (+19.6%) Revenue per available room (RevPAR): CAD111.23 (+24.6%) “Canada’s hotel performance […]

April 21, 2023

The top hotel markets in this STR U.S. update show a seasonal momentum shift from traditional winter/spring break hotspots to a broader range of destinations with increasingly travel-friendly climates. For the four weeks ending 15 April 2023, recovery growth across […]

April 4, 2023

Occupancy: 60.0% (-2.8%) Average daily rate (ADR): US$152.01 (+17.7%) Revenue per available room (RevPAR): US$91.22 (+14.3%) Key points ADR increases over the last eight months are the highest levels of growth STR has ever benchmarked (excluding pandemic recovery months). Occupancy […]

April 3, 2023

In Japan, the cherry blossom is in full bloom, providing spectacular sights in cities and signaling the arrival of warmer weather. Known as Sakura, these trees also provide the perfect metaphor for the country’s hotel industry, which is beginning to […]

March 31, 2023

Recent and Projected Hotel Performance The Norfolk-Virginia Beach MSA comprises several cities aside from Norfolk and Virginia Beach, including Chesapeake, Suffolk, Newport News, Hampton, Portsmouth, and Williamsburg. The region’s economy revolves around the federal government, the military, the aerospace industry, […]

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 […]