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Decline continues in U.S. hotel construction, but planning activity is up

While a steady hotel construction decline continues nationally, volume in New York City and Nashville represents a significant percentage of those markets’ existing supply. Additionally, planning activity continues to rise nationally with markets like Miami, Phoenix and San Francisco showing increased interest from developers, according to STR.

STR: Berlin hotel performance improved in March

Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR.

STR: Expo 2020 drove Dubai hotel occupancy above 90% for the first time since 2007

Driven by the final weeks of Expo 2020, Dubai’s hotel industry reported its first month of 90% or better occupancy since 2007, according to preliminary March 2022 data from STR.

Baird/STR Hotel Stock Index increased 2.2% in March

The Baird/STR Hotel Stock Index increased 2.2% in March to a level of 5,882. Year to date through the first three months of 2022, the stock index increased 2.4%.

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

Reflecting continued seasonal slowing in spring break travel, U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 2 April.

Australian Grand Prix lifting Melbourne hotel bookings to 29-month high

This weekend’s Australian Grand Prix is lifting Melbourne’s hotel occupancy on the books to its highest level since November 2019, according to STR’s Forward STAR.

South America hotel profitability still slumping

Rio de Janeiro is the only key market that has remained consistently above 2019 levels in GOPPAR. The market’s February GOPPAR was 172% of the pre-pandemic comparable, down from 216% in January.

U.S. hotel profitability back on the rise after Omicron-induced dip

All of the key performance metrics increased from January, after concerns around Omicron pushed levels lower.

STR: U.S. hotel results for week ending 26 March

With lower Spring Break travel volume, U.S. hotel performance dipped slightly from the previous week, according to STR‘s latest data through 26 March.

STR: U.S. hotel results for week ending 19 March

Lifted by Spring break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019, according to STR‘s latest data through 19 March.

Canada hotel performance rose in February amid loosened restrictions

Canada’s hotel industry reported higher performance from the month prior, along with better indexed comparisons with 2019, according to STR’s February 2022 data.

STR: U.S. hotel performance for February 2022

The U.S. hotel industry reported higher performance than the month prior, along with better indexed comparisons with 2019, according to February 2022 data from STR.