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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.   

 

IHRSA and STR enter into strategic partnership

STR Sector Analysis, LLC and the International Health, Racquet & Sportsclub Association announced they have entered into a strategic partnership to gather, analyze and market data and information about the health club sector in the U.S. 

 

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STR: C./S. America hotel pipeline for December 2016

Central and South America reported 62,861 rooms in 403 projects under contract in December 2016. The total represents a 15.1% decrease in rooms under contract in the region compared with December 2015.

STR: Caribbean/Mexico hotel pipeline for December 2016

In December 2016, the Caribbean/Mexico region reported 31,570 rooms in 188 projects under contract. The total represents a 10.5% year-over-year increase in rooms under contract compared with the same month in 2015.

STR: US hotel pipeline for December 2016

The United States pipeline for December 2016 shows 560,199 rooms in 4,621 projects Under Contract, a 19.4% increase compared with December 2015, according to STR data.

STR: Canada hotel results for week ending 7 January

The Canada hotel industry saw ADR rise 7.0% to CAD135.34 ($103.53) and RevPAR grow 6.7% to CAD53.54 ($40.96), despite nearly flat occupancy, for the week of 1-7 January, according to year-over-year comparisons by STR. 

STR: US hotel results for week ending 7 January

In year-over-year comparisons, according to STR, U.S. hotel occupancy fell 3.2% to 47.1%, while ADR rose 4.5% to $117.08 and RevPAR increased 1.1% $55.13 for the week of 1-7 January.

STR: Preliminary December 2016 data for London

Hotels in London reported increases across the three performance metrics during December 2016, according to preliminary data from STR. Occupancy rose 7.1% to 80.1%, ADR climbed 7% to £149.02 ($180.61) and RevPAR increased 14.5% to £119.41 ($144.73).

STR: Preliminary December 2016 data for Dubai

According to preliminary December 2016 data from STR, Dubai hotels reported a 3.2% occupancy increase to 79.7%, but an 8.4% ADR drop to 824.58 Emirati dirham ($224.50) drove a 5.4% RevPAR decrease to 657.37 Emirati dirham ($178.98).

STR: Preliminary December 2016 data for Melbourne

Preliminary December 2016 data for Melbourne reports the market experienced a 1.7% occupancy decline to 80.8%, while ADR increased 3.1% to AU$190.50 ($200.07) and RevPAR rose 1.4% to AU$153.91 ($161.64).

STR: Preliminary December 2016 data for Munich

According to preliminary December 2016 data from STR, Munich reported a 0.8% occupancy decrease to 69%, a 3.6% ADR decrease to €119.87 ($125.93) and a 4.4% RevPAR drop to €82.69 ($86.89).

STR: Preliminary December 2016 data for Singapore

Preliminary December 2016 data for Singapore shows the market experienced a 2% decline in occupancy to 77.2%, a 2.7% ADR decrease to SG$281.70 ($195.78) and a 4.7% RevPAR drop to SG$217.44 ($151.12). 

STR: Canada hotel results for week ending 24 December

In performance data released by STR for the week of 18-24 December, Canada's hotel occupancy rose 2.5% to 34.1%; ADR dropped 1.1% to 137.71 Canadian dollars ($102.43); and RevPAR increased 1.3% to CA$46.97 ($34.94).