STR, TE lower growth forecast for U.S. hotels

10 August 2023
STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast just presented at the 15th Annual Hotel Data Conference.

Europe’s key hotel markets report highest GOPPAR of 2023

8 August 2023
Each of Europe’s key hotel markets saw year-over-year improvement and their highest 2023 levels in gross operating profit per available room (GOPPAR), according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Labor costs kept U.S. hotel GOPPAR down in June

4 August 2023
U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

U.S. hotel results for week ending 29 July

3 August 2023
U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through 29 July.

U.S. hotel results for week ending 22 July

28 Juli 2023
U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 22 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Canada hotel ADR and RevPAR reach all-time high in June

24 Juli 2023
Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to CoStar’s June 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

U.S. hotel results for week ending 15 July

20 Juli 2023
U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 15 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

STR: U.S. hotel performance for June 2023

19 Juli 2023
The U.S. hotel industry reported higher performance from the month prior but lower year-over-year percentage changes, according to June 2023 data from STR.

Baird/STR Hotel Stock Index grew 6.2% in June

14 Juli 2023
The Baird/STR Hotel Stock Index grew 6.2% in June to a level of 5,615.

Berlin hotel performance reaches 8-month high in June

14 Juli 2023
Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR. 

Jakarta hotel ADR and RevPAR highest since October 2018

14 Juli 2023
Jakarta’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) levels since October 2018, according to preliminary June 2023 data from STR.  

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

13 Juli 2023
Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showed weaker year-over-year comparisons, according to STR‘s latest data through 8 July.