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: 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: 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.
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 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.
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.
Canada hotels post best performance of the pandemic-era
Canada’s hotel performance was the highest of the pandemic-era, with monthly hotel room rates reaching an all-time high, according to STR’s June 2022 data.
STR: U.S. hotel results for week ending 23 July
U.S. hotel performance improved from the previous week, and revenue per available room (RevPAR) reached an all-time high on a nominal basis, according to STR‘s latest data through 23 July.
U.S. hotel profitability reached 32-month high in June
U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since October 2019, according to STR‘s June 2022 P&L data release.
São Paulo leads hotel profitability recovery in Latin America
Among key hotel markets in Latin America, São Paulo led in recovery of gross operating profit per available room (GOPPAR), according to STR’s June 2022 P&L data release.
STR: U.S. hotel results for week ending 30 July
U.S. hotel performance dipped slightly from the previous week, which was the traditional summer travel peak, according to STR‘s latest data through 30 July.
Hotel Data Conference sold out for first time since 2019
The 14th Annual Hotel Data Conference, presented by IDeaS, has sold out for the first time since 2019 with 712 registered attendees for the event on 10-12 August at the Omni Nashville Hotel.