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STR, TE make modest upgrade to first U.S. hotel forecast of 2023

STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast just released at the Americas Lodging Investment Summit (ALIS). Additionally, a subsequent downward adjustment was made for 2024.

STR: U.S. hotel ADR and RevPAR reached record highs in 2022

The U.S. hotel industry reported average daily rate (ADR) and revenue per available room (RevPAR) that were the highest for any year on record, according to 2022 data from STR.

STR: U.S. hotel results for week ending 14 January

U.S. hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR‘s latest data through 14 January.

STR: U.S. hotel performance for December 2022

The U.S. hotel industry reported lower performance from the month prior but improved comparisons with 2019, according to December 2022 data from STR.

Hotel pipeline activity down around the world, except in Middle East & Africa

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

STR: U.S. hotel construction up year over year for first time since late 2020

After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR.

Baird/STR Hotel Stock Index dropped 10% in December, ended year down 15%

The Baird/STR Hotel Stock Index dropped 10% in December to a level of 4,885. For 2022 as a whole, the stock index was down 15%.

STR: U.S. hotel results for week ending 7 January

Reflecting post-holiday seasonality and an unfavorable calendar shift, U.S. hotel performance fell from the previous week and showed weakened comparisons against 2019, according to STR‘s latest data through 7 January.

STR: Dubai hotel industry closed 2022 with healthy performance

Dubai’s hotel occupancy came in lower than the pre-pandemic comparable, but average daily rate (ADR) once again pushed revenue per available room (RevPAR) far above 2019 levels, according to preliminary December 2022 data from STR.

STR: Melbourne hotels reached record-high room rates in December

Melbourne’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to preliminary December 2022 data from STR.

STR: London hotel performance remained steady in December

London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.

STR: U.S. hotel results for week ending 31 December

U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019 on the favorable side of a holiday calendar shift, according to STR‘s latest data through 31 December.