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U.S. hotel construction continued on a downward trajectory in June

While U.S. hotel construction has declined for seven consecutive months, rooms in construction in both New York City and Nashville represent a significant percentage of those markets’ existing supply.

STR: U.S. hotel results for week ending 16 July

After two consecutive weeks of lower demand around the Fourth of July holiday, U.S. hotel performance bounced back from the previous week, according to STR‘s latest data through 16 July.

Hotel pipeline activity down across the global regions

Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter, according to June 2022 data from STR.

STR: U.S. hotel performance for June 2022

The U.S. hotel industry reported its highest monthly room rates on record, according to June 2022 data from STR.

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

As expected on the negative side of a holiday calendar shift, U.S. hotel performance came in lower than the previous week, according to STR‘s latest data through 9 July.

STR: London hotels post record-breaking room rates

London’s hotel industry reported its highest monthly room rates on record, according to preliminary June 2022 data from STR.

STR: Melbourne hotel performance improved in June

Melbourne’s hotel industry was back on the recovery track with higher performance from the prior month, according to preliminary June 2022 data from STR.

STR: Riyadh hotels reported higher occupancy in June

Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates, according to preliminary June 2022 data from STR.

Baird/STR Hotel Stock Index fell 19.3% in June

The Baird/STR Hotel Stock Index fell 19.3% in June to a level of 4,504. Year to date through the first six months of 2022, the stock index decreased 21.6%.

STR: U.S. hotel results for week ending 2 July

U.S. hotel performance dipped from the previous week, while indexed comparisons against 2019 improved on the favorable side of a holiday calendar shift, according to STR‘s latest data through 2 July.

U.S. hotel profitability lower in May but above 2019 levels for third consecutive month

U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month, according to STR‘s May 2022 P&L data release.

Dubai hotels achieve profitability levels seven times higher than 2019

Among key hotel markets in the Middle East, Dubai’s gross operating profit per available room (GOPPAR) came in seven times higher than the 2019 comparable, according to STR’s May 2022 P&L data release.