Finance and Development, Trends
December 28, 2023
Via: Hotel News ResourceSTR’s global “bubble chart” update through 16 December 2023 showed 75% of markets with growth in revenue per available room (RevPAR) compared to 2019. Notably, 20 of 25 European countries recorded RevPAR growth in this run-up to the holiday season, […]
Finance and Development, Markets
November 20, 2023
Via: Hotel News ResourceSTR 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, Trends
November 14, 2023
Via: Hotel News ResourceMadrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. October 2023 (year-over-year % change): Occupancy: 81.9% (+2.0%) Average daily rate (ADR): EUR204.35 […]
Finance and Development, Markets
May 19, 2023
Via: Hotel News ResourceU.S. hotel performance for April 2023 produced mix year-over-year comparisons, according to STR. April 2023 (percentage change from April 2022): Occupancy: 64.4% (-1.4%) Average daily rate (ADR): US$155.77 (+3.4%) Revenue per available room (RevPAR): US$100.39 (+1.9%) Among the Top 25 […]
Finance and Development, Markets
May 15, 2023
Via: Hotel News ResourceAmsterdam’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 […]
Finance and Development, Markets
April 3, 2023
Via: Hotel News ResourceIn 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 […]
Finance and Development, Markets
March 27, 2023
Via: Hotel News ResourceSpring 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 […]
Finance and Development, Markets
March 13, 2023
Via: Hotel News ResourceU.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 […]
Finance and Development, Markets
March 9, 2023
Via: Hotel News ResourceU.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%, […]
Finance and Development, Markets
March 8, 2023
Via: Hotel News ResourceJanuary 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 […]
Finance and Development, Trends
March 7, 2023
Via: Hotel News ResourceAustralian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new […]
Finance and Development, Markets
March 6, 2023
Via: Hotel News ResourceU.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 […]
Finance and Development, Markets
February 23, 2023
Via: Hotel News ResourceU.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): […]
Finance and Development, Markets
February 22, 2023
Via: Hotel News ResourceIndia’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 1, 2023
Via: Hotel News ResourceSoutheast Asia sits at the lower end of recovery compared to other STR-defined subcontinents, exceeding only the gains of Northeastern Asia in terms of occupancy and average daily rate (ADR) in 2022. This was due to strict and long-lasting COVID […]
Finance and Development, Markets
January 11, 2023
Via: Hotel News ResourceLondon 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 […]
Finance and Development, Markets
November 14, 2022
Via: Hotel News ResourceWith 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 […]
Finance and Development, Markets
August 11, 2022
Via: Hospitality NetSTR and Tourism Economics adjusted occupancy downward but lifted projections once again for average daily rate (ADR) in the revised U.S. hotel forecast just presented at the 14th Annual Hotel Data Conference. Revenue per available room (RevPAR) remains on track […]
July 22, 2022
Via: Hospitality NetThere’s an open secret amongst hoteliers: They love the ‘B’ in F&B. The ‘F’? Well, there’s another word that starts with an F they often used to describe it. That’s because making money on food can be a difficult proposition […]
June 22, 2022
Via: Hospitality NetDavid Sangree, MAI, CPA, ISHC had the opportunity to attend the NYU International Hospitality Industry Investment Conference on June 6-7 at the New York Marriott Marquis. The following are some key highlights from the conference. ADR growth: The growth in […]