Press Releases

Due to the impact of the COVID-19 pandemic, the Canadian hotel industry reported all-time lows in the three key performance metrics during Q2 2020, according to data from STR.

STR‘s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 105.4% in June. That year-over-year percentage change showed continued improvement from April (-116.9%) and May (-110.1%). Additionally, some full-service properties broke even with occupancy at 50%, one month after limited-service properties showed positive profitability on average when surpassing 45% occupancy.

The Central/South America hotel industry reported slight improvement in occupancy month over month, but lower room rates, according to June 2020 data from STR.

Reflecting early reopening around the continent, Europe’s hotel industry reported improved performance from May but at an all-time low level for a June, according to data from STR.

Hotels in both the Middle East and Africa reported lower occupancy but improved room rates from the previous month, according to June 2020 data from STR.

The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels during June 2020, according to data from STR.

STR data for 12-18 July 2020 shows a continued steady rise in Canadian hotel performance but the same significant level of year-over-year declines.

U.S. hotel performance data for the week ending 18 July showed slightly higher occupancy and room rates from the previous week, according to STR.

Short-term rentals have maintained higher performance levels than hotels during the time of the COVID-19 pandemic, according to the preliminary findings of a joint global analysis by STR and AirDNA.

Due to the COVID-19 pandemic, the U.S. hotel industry reported its worst quarter on record during Q2 2020, according to data from STR.

The U.S. hotel industry showed slightly higher performance from the month prior, but at overall low levels during June 2020, according to data from STR.

U.S. hotel transactions were down 74% year over year from March to May 2020, according to the just-released Hotel Transaction Almanac produced by STR’s Consulting & Analytics office and CoStar Group.