Hotel Industry Analysis: Impact of Inflation, Tourism, Labor, & More

23 Diciembre 2024
The global hotel industry continues to navigate challenges stemming from the recent headwinds from labor shortages, inflation, and geopolitical concerns.
Etiquetas
Industry Updates
Global
Hotels
Tourism
Industry Basics

STR Weekly Insights: 8-14 December 2024

20 Diciembre 2024
A jump in performance provided an early holiday gift for hoteliers; nine of every 10 U.S. markets posted RevPAR gains; group demand looks unstoppable; second highest Global RevPAR gain of the year
Etiquetas
Global
Industry Updates
Forward Data

The end of an Era(s Tour): Taylor Swift’s final impact on hotel performance

19 Diciembre 2024
Taylor Swift said, “so long, London,” and made her way back to North America for her final leg of the Eras Tour.
Etiquetas
North America
Industry Updates

U.S. hotel conversion activity remains muted

16 Diciembre 2024
U.S. hotel conversion activity continues to trend below the long-term average of the 20-year period ending 2019.
Etiquetas
North America
Industry Updates

STR Weekly Insights: 1-7 December 2024

13 Diciembre 2024
Hurricane-affected markets continued to see increases; U.S. group demand unstoppable; robust global growth continued for the ninth consecutive week.
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 17-23 and 24-30 November 2024

6 Diciembre 2024
Thanksgiving shift produced net positive for the last two weeks in November, second-highest Thanksgiving week demand on record, hurricane-affected markets continued to see increases, group demand soared then plummeted because of the calendar shift, and non-stop global growth continues.
Etiquetas
Global
Industry Updates
Forward Data

Hotel F&B driving labor cost growth in 2024

3 Diciembre 2024
In the U.S., it costs about $9 more to staff a hotel room than in 2023. While rooms labor makes up the highest portion of labor expenses, the increase in F&B labor costs is driving most of that growth.
Etiquetas
North America
Industry Updates
Forecast

STR Weekly Insights: 10-16 November 2024

22 Noviembre 2024
Calendar shifts flattened hotel performance, group demand returned, exceeding 2019 levels; Taylor Swift arrived in Canada, and double-digit RevPAR gains (again).
Etiquetas
Global
Industry Updates
Forward Data

Upcoming holiday season impact on U.S. hotel performance

21 Noviembre 2024
Two significant changes will impact travel in the U.S. this holiday season.
Etiquetas
North America
Forecast
Industry Updates

RevPAR up in 84% of global markets: Japan continues to blossom, China remains sluggish

20 Noviembre 2024
The level of global markets with RevPAR growth jumped to 84%. Mediterranean and Japanese hotel markets highlighted the leaderboard, while growth lags in most Chinese markets.
Etiquetas
Hotels
Industry Updates
Global
Historical Data

STR Weekly Insights: 3-9 November 2024

15 Noviembre 2024
U.S. election impacts hotel performance, reverse chain scale bifurcation, and double-digit global RevPAR gains, again.
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 26 October - 2 November 2024

8 Noviembre 2024
Travel compression, events and recovery efforts again drove U.S. RevPAR; southern states led U.S. performance, and global RevPAR growth remained in double-digits.

STR Weekly Insights: 20-26 October 2024

1 Noviembre 2024
U.S. Group demand reaches annual peak and global RevPAR growth (excl. U.S.) sprints to double digits on ADR gains.
Etiquetas
Global
Industry Updates
Forward Data

U.S. hotel commentary - September 2024

30 Octubre 2024
U.S. RevPAR decreased 1.3% year over year in September following a robust August which followed a lackluster July.
Etiquetas
North America
Industry Updates

STR Weekly Insights: 13-19 October 2024

25 Octubre 2024
Hurricane recovery, college football, Taylor Swift and more lift U.S. hotel RevPAR.
Etiquetas
Global
Industry Updates
Forward Data

77% of global markets grew RevPAR against last year, Japan generating more momentum

23 Octubre 2024
Better than three out of four global markets grew RevPAR over the past four weeks. Tokyo joined the list of top growth markets as Japan continues to attract more international demand with favorable exchange rates.
Etiquetas
Hotels
Global
Industry Updates

U.S. election impact on global travel and hotel performance

18 Octubre 2024
With the summer months past us, conversations are now swirling around how the U.S. presidential election will impact tourism outside of North America.
Etiquetas
Global
Industry Updates
Historical Data
Forward Data

STR Weekly Insights: 6 - 12 October 2024

18 Octubre 2024
Countries/markets mentioned: United States: Atlanta, Las Vegas, New Orleans, New York City, Phoenix, Augusta, Florida Central North, Greenville/Spartanburg, Macon/Warner Robins; Global: China, Italy, Spain.
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 29 September – 5 October 2024

11 Octubre 2024
Countries/markets mentioned: United States: Augusta, Charlotte, Chicago, Columbia, Dallas, Detroit, Florida Central North, Houston, Las Vegas, Macon/Robbins, Miami, Tampa, Sarasota, Seattle; Global: Australia (ACT & Canberra, Brisbane, Melbourne), China, Indonesia (Central Java), Mexico.
Etiquetas
Global
Industry Updates
Forward Data

U.S. hotel commentary - August 2024

4 Octubre 2024
U.S. hotel RevPAR rose 3.9% year over year in August, following a lackluster July.
Etiquetas
North America
Industry Updates

STR Weekly Insights: 22-28 September 2024

4 Octubre 2024
Countries/markets mentioned: United States: Alabama North, Chicago, Columbus, Indiana North, Louisiana South, Louisville, Michigan South, New York City, Pittsburgh, San Diego, Syracuse; Global: Germany, Australia.
Etiquetas
Global
Industry Updates
Forward Data

Hotel forecasting: why it is important to your business

2 Octubre 2024
Hotel forecasting plays a vital role in strategic decision-making, shaping both the short and long-term success of a property or portfolio. By understanding the key components and dynamics of accurate forecasting, hoteliers can implement more effective strategies.
Etiquetas
Hotels
Forward Data
Industry Basics
Educational

Small pickup in global markets with RevPAR growth, special events continue to move the needle

30 Septiembre 2024
STR's global "bubble chart" update for the four weeks ending 21 September 2024 shows 63% of markets with year-over-year growth in revenue per available room. Standouts included Northern Sumatra, Mexico City, the Red Sea Resorts, Rio de Janeiro and the Turkish Riviera.
Etiquetas
Global
Industry Updates
Hotels

STR Weekly Insights: 15-21 September 2024

27 Septiembre 2024
Countries/markets mentioned: United States: Columbus, Houston, New Orleans, New York City, Oklahoma City, Raleigh/Durham/Chapel Hill, San Francisco; Global: China (Chengdu, Guangdong), Germany (Berlin, Munich), Mexico (Mexico City)
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 8-14 September 2024

20 Septiembre 2024
Countries/markets mentioned: United States: Chicago, Indianapolis, Las Vegas, Miami, New Orleans, Anaheim (Orange County), San Francisco; Global: Canada, China, Indonesia, Mexico, and Spain.
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 1 – 7 September 2024

13 Septiembre 2024
Countries/markets mentioned: United States: Charlotte, Detroit, Houston, New York City, Philadelphia, Salt Lake City, St. Louis, Tampa; Global: China (Beijing), Indonesia, Mexico, Spain.
Etiquetas
Global
Industry Updates

Taylor Swift's Eras Tour heightened Europe performance levels amid popular tourist season

11 Septiembre 2024
Taylor Swift’s Eras Tour took Europe by storm this summer, with 47 concerts across 17 cities over a 15-week period from May to August.
Etiquetas
Europe
Industry Updates
North America

STR Weekly Insights: 25-31 August 2024

6 Septiembre 2024
Countries/markets mentioned: United States: Atlanta, Chicago, Columbus, Des Moines, Houston, Milwaukee, New Orleans, Seattle; Global: China, Indonesia, Mexico, Spain
Etiquetas
Global
Industry Updates
Forward Data

Maui remains top hotel market despite slow recovery after fires

3 Septiembre 2024
A year after a series of tragic fires in Maui, topline hotel performance remains below 2023 levels due to slower recovery, but the island maintains higher levels compared to other U.S. markets.
Etiquetas
North America
Industry Updates

STR Weekly Insights: 18-24 August 2024

30 Agosto 2024
Countries/markets mentioned: United States: Chicago, Houston, Milwaukee, New Orleans; Global: China, Mexico, United Kingdom (London).
Etiquetas
Global
Industry Updates
Forward Data

Less global markets show RevPAR growth, but Olympics and concerts produce highlights

30 Agosto 2024
STR’s global “bubble chart” update through late-August showed fewer RevPAR growth markets but a handful of event-driven standouts.
Etiquetas
Global
Industry Updates

U.S. hotel commentary - July 2024

29 Agosto 2024
After three months of year-over-year growth, U.S. RevPAR was flat (0.0%) compared with last July.
Etiquetas
North America
Industry Updates

The role of total revenue management in a hotel profitability strategy

28 Agosto 2024
The global hotel industry is firmly positioned in an era of normalized growth levels. That means to achieve greater profits, hotel owners and operators need to explore every possible revenue stream while also working to manage expenses.
Etiquetas
Global
Hotels
Educational
Industry Basics
Profit and Loss

STR Weekly Insights: 11-17 August 2024

23 Agosto 2024
United States: Chicago, Dallas, Houston, Indianapolis, Miami, Minneapolis, New Orleans, San Diego, Anaheim (Orange County); Global: Canada, China, France, Indonesia, and the United Kingdom.
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 4-10 August 2024

16 Agosto 2024
Countries/markets mentioned: United States: Atlanta, Boston, Chicago, Denver, Houston, Las Vegas, New Orleans, New York City, Oahu, Anaheim (Orange County); Global: China (Shenzhen), France (Île-de-France, Paris)
Etiquetas
Global
Forward Data
Industry Updates

Smaller markets scored big during Euros

7 Agosto 2024
The second-most watched football tournament in the world, the UEFA European Football Championship, which is held every four years, returned to the global stage from 14 June through 14 July. This year, Germany hosted the tournament – the first it has staged since the 2006 World Cup.
Etiquetas
Hotels
Global
Industry Updates

STR Weekly Insights: 21-27 July 2024

2 Agosto 2024
Countries/markets mentioned: United States: Atlanta, Chicago, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New Orleans, Philadelphia, San Diego and San Francisco; Global: France (Île-de-France, Paris), United Kingdom (London)
Etiquetas
Global
Industry Updates

Euro hosts stand out as 64% of global hotel markets outperformed 2023

30 Julio 2024
From the end of June through the first three weeks of July, most global hotel markets steadily displayed year-over-year performance increases. Markets in Germany were standouts thanks to the 2024 UEFA European Football Championship.
Etiquetas
Hotels
Industry Updates
Global
Historical Data

STR Weekly Insights: 14-20 July 2024

26 Julio 2024
Countries/markets mentioned: United States: Atlanta, Chicago, Denver, Detroit, Houston, Kansas City, Las Vegas, Minneapolis, New Orleans, Pittsburgh, Salt Lake City; Global: France (Paris), Indonesia (Jakarta, Kalimantan, Bali), Germany (Berlin)
Etiquetas
Global
Industry Updates
Forward Data

STR Weekly Insights: 7-13 July 2024

19 Julio 2024
Countries/markets mentioned: United States: Houston, Minneapolis, New Orleans and Oahu; Global: Indonesia (Bali, Borneo, Kalimantan), Germany (Dortmund, Munich).
Etiquetas
Global
Industry Updates
Forward Data