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Tag: occupancy


Finance and Development, Markets

Weekly Hotel Performance Trends from STR: 12 – 18 March 2023

March 27, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Markets

U.S. Hotel Performance – January 2023 Summary from STR

March 8, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Markets

Weekly Hotel Performance Trends from STR: 19 – 25 February 2023

March 6, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Markets

Cautious Optimism in India's Hotel Performance Recovery

February 22, 2023

Via: Hotel News Resource

India’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 […]


Finance and Development, Markets

For January the U.S. Hotel Industry Reported RevPAR 10.4% Above 2019

February 20, 2023

Via: Hotel News Resource

Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR. January 2023 (percentage change from January 2019): Occupancy: 52.8% (-3.0%) Average daily rate (ADR): US$142.14 (+13.8%) Revenue per available […]


Finance and Development, Markets

Weekly Hotel Performance Trends from STR: 5 – 11 February 2023

February 17, 2023

Via: Hotel News Resource

U.S. performance The U.S. hotel industry saw accelerated growth, as predicted, with revenue per available room (RevPAR) gaining 8.5% week on week (WoW) to US$87. That RevPAR level was the highest of the past nine weeks and 18.9% higher than […]


Finance and Development, Markets

Weekly Hotel Performance Trends from STR: 29 January-4 February 2023 – STR

February 10, 2023

Via: Hotel News Resource

U.S. performance In the week ending 4 February 2023, occupancy fell one percentage point (ppt) week over week (WoW) to 55.4%. The drop was not unexpected given previous history, and more importantly, the decrease was less than what we anticipated […]


Finance and Development, Markets

U.S. Hotel Average Daily Rate for the Week of February 4th at $145.35 – 13.9% Above 2019

February 9, 2023

Via: Hotel News Resource

U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February. 29 January through 4 February 2023 (percentage change from comparable week in 2019*): Occupancy: 55.3% (-7.3%) Average daily rate (ADR): US$145.35 (+13.9%) Revenue […]


Finance and Development, Markets

Latin America Hotel Performance Was Mostly Recovered in 2022

February 9, 2023

Via: Hotel News Resource

Performance recovery was substantial for most of Latin America’s hotel industry in 2022, with Mexico, Central America and South America easily surpassing their pre-pandemic comparables in revenue per available room (RevPAR). While all three experienced substantial growth in room rates, […]


Finance and Development, Markets

U.S. Hotel Average Daily Rate for the Week of January 8th at $142.66 – 13.4% Above 2019

February 2, 2023

Via: Hotel News Resource

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January. 22-28 January 2023 (percentage change from comparable week in 2019*): Occupancy: 56.3% (-0.3%) Average daily rate (ADR): US$142.66 (+13.4%) Revenue per available room (RevPAR): […]


Finance and Development, Trends

Hawaii Hoteliers Drop Rates To Keep Occupancy High Amid Leisure Travel Fatigue – CoStar

January 30, 2023

Via: Hotel News Resource

Leisure travel fatigue and inflation are causing Hawaii hoteliers in leisure destinations to drop rates to strengthen demand. Hawaii’s hotel industry is coming off a year of strong rate growth and continues to inch closer to pre-pandemic occupancy levels, but […]


Finance and Development, Markets

U.S. Hotel Performance for the Week of January 21st Came in Slightly Lower Than the Previous Week

January 26, 2023

Via: Hotel News Resource

With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR‘s latest data through 21 January. 15-21 January 2023 (percentage change from comparable week in 2019*): Occupancy: 54.2% (-6.2%) Average […]


Finance and Development, Markets

STR Reports Canada Hotels Achieved Record-high ADR and RevPAR in 2022

January 25, 2023

Via: Hotel News Resource

Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to STR’s 2022 data. 2022 (percentage change from 2019) Occupancy: 61.1% (-6.0%) Average daily rate (ADR): CAD181.73 (+10.0%) Revenue […]


Finance and Development, Markets

U.S. Hotel Performance for the Week of January 14th Showed Mixed Comparisons to 2019

January 20, 2023

Via: Hotel News Resource

U.S. hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR‘s latest data through 14 January. 8-14 January 2023 (percentage change from comparable week in 2019*): Occupancy: 54.8% (-5.5%) Average daily rate (ADR): US$144.81 […]


Finance and Development, Markets

For December U.S. Hotel Industry Reported Improved Comparisons with 2019

January 19, 2023

Via: Hotel News Resource

The U.S. hotel industry reported lower performance from the month prior but improved comparisons with 2019, according to December 2022 data from STR. December 2022 (percentage change from December 2019): Occupancy: 53.6% (-0.8%) Average daily rate (ADR): US$146.72 (+15.8%) Revenue […]


Finance and Development, Markets

Weekly Hotel Performance Trends from STR: 1-7 January 2023

January 13, 2023

Via: Hotel News Resource

U.S. performance U.S. hotel occupancy started the year at 47.2%, up 1.8 percentage points (ppts) from last year but down considerably from 2019 due to a holiday calendar shift. The comparable week of 2019 (6-12 January) was a complete non-holiday […]


Finance and Development, Markets

U.S. Hotel Performance for the Week of January 7th Showed Weakend Comparisons to 2019

January 12, 2023

Via: Hotel News Resource

Reflecting post-holiday seasonality and an unfavorable calendar shift, U.S. hotel performance fell from the previous week and showed weakened comparisons against 2019, according to STR‘s latest data through 7 January. 1-7 January 2023 (percentage change from comparable week in 2019*): […]


Finance and Development, Markets

For December London Hotel Performance Continues Pre-pandemic Growth

January 11, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Markets

U.S. Hotel Performance for the Week of December 31st Showed Improved Comparisons to 2019

January 6, 2023

Via: Hotel News Resource

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 […]


Finance and Development, Markets

STR Reports Canadian Hotels Showed Improved Comparisons to 2019 for November

December 28, 2022

Via: Hotel News Resource

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 […]