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.
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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Canada hotel performance for the week of 12-18 February was negative across three key performance metrics, with declines in occupancy of 3.1%, ADR of 0.4% and RevPAR of 3.4%.
STR data for the week of 12-18 February shows U.S. hotel occupancy down 3.2%, which was offset by a 3.1% increase in ADR to keep RevPAR nearly flat (-0.2%).
The Central/South America region reported a 5.2% occupancy decrease to 52.3%, a 6.9% ADR decline to $101.25 and an 11.8% RevPAR drop to $52.97 in January 2017.
In January 2017, hotels in the Middle East region reported a 2.7% occupancy decrease to 68.4%, an 8.4% ADR decline to $177.81 and an 11% RevPAR drop to $121.62. Africa's hotels fared better, as occupancy increased 4.5% to 50.6%, ADR rose 12.5% to $118.16 and RevPAR jumped 17.5% to $59.76.
Europe hotels reported a 5.1% occupancy increase to 57.1%, ADR rose 2.4% to €99.25 ($105.01) and RevPAR jumped 7.6% to €56.66 ($59.93) in year-over-year performance results for January 2017.
In January 2017, hotels in the Asia/Pacific region reported a slight occupancy decline (-0.8% to 64.8%), but ADR rose 4.6% to $108.10 and RevPAR increased 3.7% to $70.07.
The U.S. hotel industry reported positive year-over-year results in January 2017, as occupancy increased 0.5% to 54.1%, ADR rose 3.2% to $120.72 and RevPAR increased 3.8% to $65.33.
The Houston hotel market experienced a 356% year-over-year weekend RevPAR growth as a result of Super Bowl LI, according to STR data.
The U.S. hotel industry reported performance declines during the week of 5-11 February, according to STR. Occupancy fell 4.4% to 59.6%, ADR decreased 1.6% to $121.43 and RevPAR dropped 5.9% to $72.41.
For the week of 5-11 February, the Canadian hotel industry reported a 1.4% occupancy decline to 56.7%, a 3.3% ADR decrease to CA$140.06 ($107.64) and a 4.6% RevPAR drop to CA$79.47 ($61.07)
The Asia/Pacific region reported 598,952 rooms in 2,670 hotel projects under contract in January 2017, which is a 2.2% increase when compared to the same month in 2016.
According to STR, the Central/South America region reported 63,321 rooms in 404 hotel projects under contract in January 2017. The rooms total is a 14.9% year-over-year decrease when compared to January 2016.
The Caribbean/Mexico region reported 33,833 rooms in 199 hotel projects under contract in January, which is a 4.4% year-over-year increase when compared with the same month in 2016.
STR's Pipeline Report for January 2017 shows the U.S. reported 575,907 rooms in 4,763 hotel projects for the month, which was a 16.1% increase when compared to January 2016.
Europe reported 163,648 rooms in 1,038 hotel projects under contract in January 2017, according to STR, which is a 2.2% year-over-year decrease compared to the same month in 2016.
According to STR, the Middle East region reported 159,581 rooms in 556 hotel projects under contract in January, while Africa reported 58,850 rooms in 313 projects under contract.
According to preliminary January 2017 data from STR, London hotels reported a 5.8% occupancy increase to 70.5%, a 5.7% ADR increase to £127.84 ($159.98) and an 11.8% RevPAR jump to £90.08 ($112.72).
Hotels in the Singapore market reported a 3.2% occupancy decline to 79.6%, a 1% ADR decrease to 279.38 Singapore dollars ($196.33) and a 4.1% RevPAR drop to SG$222.25 ($156.12) in January, according to preliminary data from STR.
Sydney hotels saw occupancy increase 1.1% to 82.1%, ADR increase 7.8% to AU$219.31 ($167.87) and RevPAR increase 9% to AU$180.08 ($137.85) in January, according to preliminary data from STR.
Preliminary January 2017 data from STR shows hotels in Berlin saw occupancy increase 2.6% to 58.8%, and while ADR dipped slightly by 0.7% to €86.98 ($92.41), RevPAR increased 1.9% to €50.60 ($53.76).