Finance and Development, Markets
December 14, 2022
Via: Hotel News ResourceThe 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 […]
Finance and Development, Trends
September 28, 2021
Via: Hotel News ResourceSTR’s monthly 51-chart map focusing on revenue per available room (RevPAR) on a total-room-inventory basis shows a variety of recent national/regional market trends as well as the general pace of the industry’s continued recovery from the pandemic. With Labor Day […]
Finance and Development, Markets
January 21, 2021
Via: Hotel News ResourceU.S. weekly hotel occupancy climbed back to the 40% mark, according to STR‘s latest data through 16 January. 10-16 January 2021 (percentage change from comparable week in 2020): Occupancy: 40.1% (-31.8%) Average daily rate (ADR): US$89.39 (-31.9%) Revenue per available […]
Finance and Development, Markets
May 18, 2020
Via: Hotel News ResourceThe latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5% decline in revenue per available room (RevPAR) in 2020, then a 48.0% increase in the metric in 2021. Each percentage change was downgraded from a late-March forecast […]
Finance and Development, Markets
April 21, 2020
Via: Hotel News ResourceIn its first month with a visible impact from the COVID-19 pandemic, the U.S. hotel industry reported double-digit declines in the three key performance metrics during March 2020, according to data from STR. In a year-over-year comparison with March 2019, […]
Finance and Development, Markets
January 29, 2020
Via: Hotel News ResourceU.S. hoteliers made hay in December, as a potential repeat soft performance in 2020 awaits. Across the board, U.S. hotels grew the top line while also carrying it down to the bottom line, according to data from HotStats. RevPAR was […]