U.S. hotel profits fell 84.6% in 2020
Including a 100.6% decline in December, U.S. hotel profitability fell 84.6% in 2020, according to STR‘s latest monthly P&L data release.
STR: U.S. hotel performance for November 2020
The U.S. hotel industry showed lower performance from the month prior, according to November 2020 data from STR.
STR: Europe hotel performance for November 2020
Reflecting the impact of a second lockdown, Europe’s hotel industry reported much lower performance levels from the prior month, according to November 2020 data from STR.
STR: Europe hotel performance for April 2020
Reflecting the impact of the COVID-19 pandemic, Europe’s hotel industry reported unprecedented performance lows during April 2020, according to data from STR.
STR: Berlin hotels post record-breaking year
Berlin’s hotel industry reached its highest levels in occupancy and revenue per available room (RevPAR) despite the uncertainty around an economic recession, according to 2019 data from STR.
May events pushed Berlin hotel performance
Helped by a number of events, Berlin hotels saw improved performance in May, according to preliminary data from CoStar.
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U.S. hotel RevPAR forecasted to flatten in 2020
For the first time since 2009, the U.S. hotel industry is projected for a non-growth year in revenue per available room (RevPAR), according to STR and Tourism Economics’ first forecast of 2020 just released at The Americas Lodging Investment Summit (ALIS).
STR: Central/South America hotel performance for January 2020
Hotels in the Central/South America region reported positive performance results during January 2020, according to data from STR.
STR: Asia Pacific hotel performance for January 2020
Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics during January 2020, according to data from STR.
STR: Asia Pacific hotel performance for February 2020
Reflecting the effects of the COVID-19 pandemic, hotels in the Asia Pacific region reported a significant decline in occupancy but fairly steady room rates during February 2020, according to data from STR.
STR: Central/South America hotel performance for February 2020
Hotels in the Central/South America region reported mostly positive performance results during February 2020, according to data from STR.