STR: Europe hotel construction up 29.4% in January
STR’s hotel pipeline data for Europe showed 1,654 projects accounting for 210,075 rooms in construction as of the end of January 2020. This represented a 29.4% year-over-year increase in the number of rooms in the final phase of the development pipeline.
STR: Middle East and Africa hotel construction down in January
STR’s January 2020 hotel pipeline data showed 419 projects accounting for 117,328 rooms in construction in the Middle East and 146 projects and 26,940 rooms in construction in Africa.
STR: U.S. hotel construction up 6.8% in January
STR’s hotel pipeline data for the U.S. showed 1,615 projects accounting for 208,807 rooms in construction as of the end of January 2020. This represented a 6.8% year-over-year increase in the number of rooms in the final phase of the development pipeline.
STR: U.S. hotel results for week ending 8 February
The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 2-8 February 2020, according to data from STR.
STR: Canada hotel results for week ending 8 February
The Canadian hotel industry recorded mixed year-over-year results in the three key performance metrics during the week of 2-8 February 2020, according to data from STR.
STR: Asia Pacific hotel construction up 14.1% in January
STR’s hotel pipeline data for the Asia Pacific region showed 2,021 projects accounting for 441,819 rooms in construction as of the end of January 2020. This represented a 14.1% year-over-year increase in the number of rooms in the final phase of the development pipel...
STR: Barcelona hotel bookings drop after Mobile World Congress cancellation
Business on the books has dropped roughly 25% in select Barcelona hotels since the announced cancellation of the Mobile World Congress, according to preliminary data from Forward STAR, STR’s future demand benchmarking solution.
STR: Miami hotels shatter Super Bowl Weekend records for ADR, RevPAR
Miami hotel performance exceeded projections and reached record levels in both average daily rate (ADR) and revenue per available room (RevPAR) during Super Bowl LIV weekend, according to an analysis by STR’s Consulting & Analytics office.
STR: Caribbean/Mexico hotel construction up 26.9% in January
STR’s hotel pipeline data for the Caribbean/Mexico region showed 152 projects accounting for 31,787 rooms in construction as of the end of January 2020. This represented a 26.9% year-over-year jump in the number of rooms in the final phase of the development pipeline...
STR: Central/South America hotel construction up 6.1% in January
STR’s hotel pipeline data for the Central/South America region showed 147 projects accounting for 20,198 rooms in construction as of the end of January 2020. This represented a 6.1% year-over-year increase in the number of rooms in the final phase of the development ...
China hotel performance recovered quickly following SARS
Amid the current outbreak of coronavirus (COVID-19), STR analyzed historical data for China and found that the country’s hotel performance recovered quickly following the containment of SARS in 2003. Recovery around the current outbreak situation of 2020 could follow...
STR: U.S. hotel performance for January 2020
The U.S. hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR.