U.S. hotel profitability improved in September; labor costs exceed 2019

1 November 2022
U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time.

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

27 October 2022
U.S. hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 22 October.

STR: Canada hotel performance surpassed pre-pandemic levels in September

25 October 2022
Canada’s hotel performance was seasonally lower from the month prior but higher than the pre-pandemic comparable, according to STR’s September 2022 data.

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

20 October 2022
U.S. hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR‘s latest data through 15 October.

Hotel pipeline down globally, except for Middle East & Africa

20 October 2022
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter, according to September 2022 data from STR.

STR: Decline in U.S. hotel construction is easing

19 October 2022
September 2022 was the third consecutive month with an uptick in U.S. hotel construction, while year-over-year declines have been lessening each month since May 2022, according to STR.

STR: U.S. hotel performance for September 2022

19 October 2022
The U.S. hotel industry reported higher performance from the month prior and improved comparisons with 2019, according to September 2022 data from STR.

Baird/STR Hotel Stock Index fell 9.1% in September

14 October 2022
The Baird/STR Hotel Stock Index fell 9.1% in September to a level of 4,564. Year to date through the first nine months of 2022, the stock index has dropped 20.6%.

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

13 October 2022
U.S. hotel performance increased from the previous week but produced mixed comparisons with 2019, according to STR‘s latest data through 8 October.

STR: Sydney recorded best hotel performance of the pandemic-era in September

12 October 2022
Sydney’s monthly hotel performance reached a pandemic-era high, according to preliminary September 2022 data from STR.

STR: Berlin hotels reported record-high room rates in September

12 October 2022
Berlin’s hotel industry reported its highest room rates and revenue per available room (RevPAR) for any month on record, according to preliminary September 2022 data from STR.

STR: U.S. hotel results for week ending 1 October

6 October 2022
As expected with the Rosh Hashanah holiday, U.S. hotel performance dropped from the previous week and showed mixed comparisons with 2019, according to STR‘s latest data through 1 October.