Key Asia Pacific hotel markets surpassed 2019 profitability levels in March

4 May 2023
Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR’s March 2023 P&L data release.

CoStar Group Launches the Next Generation of STR

3 May 2023
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry.

U.S. hotel TRevPAR highest on record in March

2 May 2023
U.S. hotel total revenue per available room (TRevPAR) was the highest for any month on record, according to STR‘s March 2023 P&L data release.

STR: U.S. hotel results for week ending 22 April

27 April 2023
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 22 April.

STR: Coronation, Eurovision driving hotel bookings in key U.K. markets

27 April 2023
Multiple events in the U.K., including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR’s Forward STAR data.

STR: Canada hotel occupancy reached five-month high in March

25 April 2023
Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data.

Hotel construction down across world regions

21 April 2023
Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.

STR: U.S. hotel results for week ending 15 April

20 April 2023
U.S. hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR‘s latest data through 15 April.

STR: U.S. hotel performance for March 2023

20 April 2023
The U.S. hotel industry reported higher performance from the month prior, according to March 2023 data from STR.

STR: Eid al-Fitr boosts hotel bookings in key Middle East markets

18 April 2023
Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data.

STR: U.S. hotel pipeline shows confidence in business travel

18 April 2023
Upper upscale hotels, the property types most associated with business travel, are well represented in the U.S. development pipeline. The volume of projects in the segment points to confidence in the future of business travel, according to STR.

STR: U.S. hotel results for week ending 8 April

13 April 2023
Affected by both the Easter and Passover calendar shift, U.S. hotel performance reflected lower year-over-year comparisons from the previous week, according to STR‘s latest data through 8 April.