Category: Markets

January 11, 2023

London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR. Occupancy: 76.8% Average daily rate (ADR): GBP206.87 Revenue […]

January 9, 2023

The U.S. hotel industry sold 21 million room nights in the week between Christmas and New Year’s Day, despite a winter storm that derailed some travel plans and mass flight cancellations. The U.S. hotel industry sold more rooms at higher […]

January 6, 2023

U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019 on the favorable side of a holiday calendar shift, according to STR‘s latest data through 31 December. 25-31 December 2022 (percentage change from comparable […]

December 29, 2022

The year 2022 painted a mixed picture for the global hospitality sector. It was the year that travel finally made a comeback after a majority of countries lifted their travel restrictions and most people resumed their pre-pandemic way of life. […]

December 28, 2022

Canada’s hotel performance came in lower than the month prior but showed improved comparisons to 2019, according to STR’s November 2022 data. November 2022 (percentage change from November 2019) Occupancy: 61.0% (+1.6%) Average daily rate (ADR): CAD169.69 (+14.8%) Revenue per […]

December 20, 2022

In many markets, the optimism we’ve seen returning to the hospitality industry in 2022 is mixed with caution. Two years of restricted travel left many people desperate to travel, and we saw a travel boom in the regions that lifted […]

December 20, 2022

The U.S. hotel industry reported lower performance from the month prior and weakened comparisons with 2019, according to November 2022 data from STR. November 2022 (percentage change from November 2019): Occupancy: 59.4% (-3.2%) Average daily rate (ADR): US$144.46 (+15.2%) Revenue […]

December 15, 2022

U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR‘s latest data through 10 December. 4-10 December 2022 (percentage change from comparable week in 2019*): Occupancy: 59.6% (-1.2%) Average daily rate […]

December 14, 2022

The hotel industry in Mumbai, India’s financial hub, is, at last, experiencing a sustained recovery, fuelled primarily by a resurgence in corporate travel and large-ticket conferences and events. For instance, the city’s occupancy surpassed 80% for the first time since […]

December 12, 2022

Jeddah’s hotel performance came in lower than the month prior but surpassed pre-pandemic comparables, according to preliminary November 2022 data from STR. Occupancy: 54.5% Average daily rate (ADR): SAR586.71 Revenue per available room (RevPAR): SAR319.50 The market’s occupancy level was […]

November 30, 2022

STR’s global ‘bubble chart’ update through 19 November 2022 showed the strongest performance of the year thus far. Egypt, Argentina, Israel, Singapore, and the United Arab Emirates were the top five performing countries in revenue per available room (RevPAR) on […]

November 23, 2022

Following seasonal patterns, Canada’s hotel performance fell from the September but average daily rate (ADR) and revenue per available room (RevPAR) were higher than the pre-pandemic comparables, according to STR’s October 2022 data. October 2022 (percentage change from October 2019) […]

November 18, 2022

The U.S. hotel industry reported higher performance from the month prior but weakened comparisons with 2019, according to October 2022 data from STR. October 2022 (percentage change from October 2019): Occupancy: 67.2% (-2.4%) Average daily rate (ADR): US$155.63 (+16.8%) Revenue […]

November 17, 2022

The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%. “October was a strong rebound month for hotel stocks, and […]

November 16, 2022

A turbulent two years due to the pandemic proved to be the ultimate test of resilience and business continuity for hotels in Ireland. This year, however, has produced a strong recovery despite a difficult start and ongoing global macroeconomic uncertainty. […]

November 14, 2022

With Halloween on Monday during the week of 30 October through 5 November (week 45), U.S. hotel demand and occupancy saw a sharp decrease Sunday and Monday with the declines lingering into Tuesday and to a lesser extent Wednesday. As […]

November 10, 2022

As expected due to the Halloween calendar shift, U.S. hotel performance came in lower than the previous week and showed weakened comparisons to 2019, according to STR‘s latest data through 5 November. 30 October through 5 November 2022 (percentage change […]

November 7, 2022

A decrease in U.S. hotel demand and occupancy for the week of 23-29 October was expected and not as steep as previous years. The largest week-over-week declines were seen over the weekend (Friday & Saturday) with demand down 11% as […]

November 1, 2022

U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR’s July 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the […]

October 27, 2022

U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 22 October. 16-22 October 2022 (percentage change from comparable week in 2019*): Occupancy: 69.9% (-0.5%) Average daily rate (ADR): […]