U.S. hotel performance growth forecasted to fall below 1%

18 November 2019
Growth projections for U.S. hotel revenue per available room (RevPAR) have been downgraded to less than 1.0% for 2019 and 2020, according to STR and Tourism Economics’ final forecast revision of this year.

STR: Caribbean/Mexico hotel construction up 16.8% in October

15 November 2019
STR’s hotel pipeline data for the Caribbean/Mexico region showed 151 projects accounting for 30,809 rooms in construction as of October 2019. This represented a 16.8% year-over-year jump in the number of rooms in the final phase of the development pipeline.

STR: Central/South America hotel construction down 9.0% in October

15 November 2019
STR’s hotel pipeline data for the Central/South America region showed 151 projects accounting for 20,368 rooms in construction as of October 2019. This represented a 9.0% year-over-year decrease in the number of rooms in the final phase of the development pipeline.

STR: Asia Pacific hotel construction up 20.7% in October

15 November 2019
STR’s hotel pipeline data for the Asia Pacific region showed 2,039 projects accounting for 450,231 rooms in construction as of October 2019. This represented a 20.7% year-over-year increase in the number of rooms in the final phase of the development pipeline.

STR: U.S. hotel construction up 5.5% in October

14 November 2019
STR’s hotel pipeline data for the U.S. showed 1,563 projects accounting for 205,299 rooms in construction as of October 2019. This represented a 5.5% year-over-year increase in the number of rooms in the final phase of the development pipeline.

STR: Canada hotel results for week ending 9 November

14 November 2019
The Canadian hotel industry recorded mostly negative year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.

STR: U.S. hotel results for week ending 9 November

14 November 2019
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 3-9 November 2019, according to data from STR.

STR: Europe hotel construction up 44.3% in October

14 November 2019
STR’s hotel pipeline data for Europe showed 1,620 projects accounting for 205,383 rooms in construction as of October 2019. This represented a 44.3% year-over-year increase in the number of rooms in the final phase of the development pipeline.

STR: Middle East, Africa hotel construction down in October

14 November 2019
STR’s October 2019 hotel pipeline data showed 434 projects accounting for 119,991 rooms in construction in the Middle East and 135 projects and 24,939 rooms in construction in Africa.

STR: Preliminary October data for London hotels

13 November 2019
STR’s preliminary October 2019 data for hotels in London indicates lower demand but high room rates.

STR: Preliminary October data for Riyadh hotels

13 November 2019
STR’s preliminary October 2019 data for Riyadh, Saudi Arabia, indicates significant growth in demand due to a strong event impact.

STR: Preliminary October data for Melbourne hotels

13 November 2019
STR’s preliminary October 2019 data for hotels in Melbourne, Australia, indicates performance affected by strong supply growth.