Dubai hotels achieve profitability levels seven times higher than 2019
Among key hotel markets in the Middle East, Dubai’s gross operating profit per available room (GOPPAR) came in seven times higher than the 2019 comparable, according to STR’s May 2022 P&L data release.
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.
Berlin hotel occupancy pulled closer to pre-pandemic comparable in July
Berlin’s hotel occupancy came in just below the pre-pandemic comparable from July 2019, according to preliminary July 2022 data from STR.
Europe’s key hotel markets surpassed 2019 profitability levels in July
Several of Europe’s largest hotel markets, led by Berlin, surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR’s July 2022 P&L data release.
U.S. hotel profitability improved in September; labor costs exceed 2019
U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pr...
STR: Sydney hotels recorded highest performance of pandemic-era in November
Sydney’s hotel industry recorded its highest performance levels of the pandemic-era, according to preliminary November 2022 data from STR.
STR: Canada hotels achieved record-high ADR and RevPAR in 2022
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to STR’s 2022 data.
Phoenix forecasted for second-highest hotel RevPAR in Super Bowl history
Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for February 10-12, which would be the second-highest level for a Super Bowl weekend, according to STR.
STR: Bangkok hotels posted second-highest ADR on record in January
Bangkok’s hotel industry reported the second-highest monthly average daily rate (ADR) on record in the market, according to preliminary January 2023 data from STR.
STR: Melbourne hotel occupancy reached 36-month high in March
Melbourne’s hotel occupancy was its highest for any month since February 2020, according to preliminary March data from STR.
STR: Coronation, Eurovision driving hotel bookings in key U.K. markets
Multiple events in the U.K., including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR’s Forward STAR data.
STR: Amsterdam hotel ADR and RevPAR reached record-highs in April
Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.