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PRESS RELEASES

STR launches self storage development report 

STR, Inc., the global leader of competitive benchmarking, information services and research for the hotel industry, has begun collecting development activity in the self storage industry.   

 

 

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STR: Preliminary November data for London hotels

Preliminary November data from STR shows the London hotel market experienced a 2.8% occupancy decrease to 83.7% during the month, while ADR rose 1% to £153.96 ($205.64) and RevPAR fell 1.8% to £128.87 ($172.13).

STR: Preliminary November data for Berlin hotels

Preliminary November data from STR shows hotels in Berlin saw occupancy decrease 3.6% to 77.9% during the month, while ADR rose 1.3% to €94.60 ($111.28) and RevPAR dropped 2.3% to €73.73 ($86.73).

STR: Preliminary November data for Sydney hotels

Sydney hotels observed a 1% occupancy decrease to 90.8% in November, according to preliminary STR data. ADR, however, rose 4.6% to 252.42 Australian dollars ($191.86) and pushed RevPAR up 3.6% to AU$229.22 ($174.17).

STR: Preliminary November data for Hong Kong hotels

Hong Kong's hotel market reported occupancy rose 1.4% to 94.3% in November, according to preliminary monthly data from STR. ADR increased 5.6% to 1,603.28 Hong Kong dollars ($205.39) and RevPAR jumped 7.1% to HK$1,511.50 ($193.63).

STR: Preliminary November data for Dubai hotels

Hotels in Dubai, United Arab Emirates, reported occupancy decreased 2.7% to 87% in November, according to preliminary STR data. ADR also fell 1.1% to 754.11 Emirati dirhams ($205.34), which pushed RevPAR down 3.8% to 655.84 Emirati dirhams ($178.58).

STR: Preliminary November data for Jeddah hotels

Hotels in Jeddah, Saudi Arabia, reported occupancy dropped 17.4% to 45.7% in November, according to preliminary STR data. ADR decreased 9.7% to 702.62 Saudi Arabian riyals ($187.37) and RevPAR fell 25.4% to 321.06 Saudi Arabian riyals ($85.62).

STR: Canada hotel results for week ending 2 December

During the week of 26 November to 2 December, the Canadian hotel industry reported occupancy rose 3% to 61.7%, ADR increased 4.1% to 143.10 Canadian dollars ($111.45) and RevPAR jumped 7.2% to CA$88.26 ($68.74).

STR: US hotel results for week ending 2 December

The U.S. hotel industry reported occupancy rose 1.3% to 56.6% during the week of 26 November to 2 December. ADR also increased 0.2% to $117.82 and RevPAR rose 1.5% to $66.71 during the week.

STR: US hotel results for week ending 25 November

The U.S. hotel industry reported positive year-over-year performance during the week of 19-25 November. Occupancy increased 1.4% to 51.4%, ADR rose 2% to $109.99 and RevPAR grew 3.4% to $56.52.

STR: Canada hotel results for week ending 18 November

The Canadian hotel industry reported occupancy decreased 0.5% to 62.7% during the week of 12-18 November 2017. ADR increased 3.3% to 143.39 Canadian dollars ($112.62) and RevPAR rose 2.8% to CA$89.92 ($70.62).

STR: Middle East/Africa October 2017 hotel performance

In October 2017, hotels in the Middle East reported occupancy rose 3.3% to 64.9%, but a 4% ADR drop to $163.27 caused RevPAR to fall 0.8% to $106.04. Africa, on the other hand, saw occupancy increase 7.6% to 62.5%, ADR increase 8.4% to $105.89 and RevPAR jump 16.7% to $66.14.