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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: Europe hotel performance for Q1 2017

European hotels reported performance gains in the first quarter of 2017 when compared to Q1 2016. Occupancy rose 4.1% to 63.5%, ADR increased 2.3% to €100.94 ($109.59) and RevPAR jumped 6.5% to €64.06 ($69.55). 

STR: Middle East/Africa hotel performance for Q1 2017

Hotels in the Middle East reported year-over-year performance declines in the first quarter of 2017. Occupancy fell 1.4% to 70.5%, ADR dropped 6.8% to $173.06 and RevPAR decreased 8.2% to $122.07. It was a different story in Africa, where hotels saw occupancy increase 5% to 56%, ADR increase 9.8% to $111.15 and RevPAR increase 15.3% to $62.19 in Q1 2017.

STR: Central/South America hotel data for Q1 2017

The Central/South America region's hotels reported year-over-year performance declines in the first quarter of 2017. Occupancy fell 1.6% to 55.3%, ADR dropped 6.1% to $101.60 and RevPAR decreased 7.6% to $56.16.

STR: Asia/Pacific hotel performance for Q1 2017

In the first quarter of 2017, hotels in the Asia/Pacific region reported mostly year-over-year performance increases. Occupancy increased 3.3% to 68.3%, ADR was nearly flat (-0.3% to $104) and RevPAR jumped 3% to $71.04.

STR: US hotel performance for Q1 2017

In the first quarter of 2017, the U.S. hotel industry reported occupancy increased 0.9% to 61.1%, ADR rose 2.5% to $124.27 and RevPAR jumped 3.4% to $75.92.

STR: US hotel results for week ending 15 April

The U.S. hotel industry reported negative performance during the week of 9-15 April. Occupancy decreased 4.6% to 64.3%, ADR decreased 0.2% to $123.41 and RevPAR dropped 4.8% to $79.33.

STR: Phoenix hotels excel during NCAA Final Four

Hotels in Phoenix reported a $25.9-million revenue increase during the weekend the city hosted the NCAA men's basketball Final Four, which surpassed the revenue increases reported by each of the previous five host markets.

STR: Canada hotel results for week ending 8 April

The Canadian hotel industry reported positive performance during the week ending 8 April. Occupancy rose 5.6% to 63.7%, ADR increased 3.6% to CA$143.30 ($108.28) and RevPAR jumped 9.4% to CA$91.25 ($68.95).

STR: Asia/Pacific hotel pipeline for March 2017

According to STR's March 2017 pipeline report, the Asia/Pacific region confirmed 583,054 rooms in 2,611 hotel projects under contract during the month, which is a 1.6% decrease compared to the same month in 2016.

STR: Caribbean/Mexico hotel pipeline for March 2017

The Caribbean/Mexico region reported 38,668 rooms in 212 hotel projects under contract during March 2017, according to STR's pipeline report, which is a 25.9% year-over-year increase in under contract rooms.

STR: US hotel pipeline for March 2017

The United States reported 571,311 rooms in 4,721 hotel projects under contract in March 2017, according to STR's pipeline report. The rooms total is a 14.4% increase over the same month in 2016.

STR: Europe hotel pipeline for March 2017

A total of 162,732 rooms in 1,035 hotel projects were reported under contract in March 2017, according to STR's pipeline report for the region. The number of under contract rooms is a 0.7% decrease when compared to the same month in 2016.

STR: Preliminary March 2017 data for London hotels

London's hotels reported positive performance in March, according to preliminary data from STR. Occupancy increased 5.7% to 80.5%, ADR increased 8% to £140.65 ($174.42) and RevPAR rose 14.2% to £113.27 ($140.47).