U.S. hotel revenues, profits and labor costs reached record-highs in 2022
Total U.S. hotel revenues, profits and labor costs reached an all-time high, according to STR‘s P&L data for 2022. With more supply in the market, the key profitability metrics each came in lower than their pre-pandemic comparable on a per-available-room basis. ...
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: U.S. hotel results for week ending 4 February
U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February.
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: Amsterdam hotels showed typical seasonal slowing in January
In its first January without restrictions since 2020, Amsterdam hotel performance showed a typical season slowing from the months prior, according to preliminary data from STR.
STR: Abu Dhabi’s hotel performance remained steady in January
Abu Dhabi’s hotel occupancy remained roughly 5 percentage points lower than pre-pandemic levels, while average daily rate (ADR) and revenue per available room (RevPAR) far exceeded recent comparables for the month, according to preliminary January 2023 data from STR....
Baird/STR Hotel Stock Index jumped 16.4% in January
The Baird/STR Hotel Stock Index jumped 16.4% in January to a level of 5,685.
New STR survey reveals top hospitality industry challenges and strengths
Labor-related issues and energy/utility costs are among the top challenges on the mind of global hotel and travel industry professionals, while leisure demand and increased guest spending are seen as the biggest strengths, according to a new survey from STR.
STR: U.S. hotel results for week ending 11 February
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 February.
STR: U.S. hotel performance for January 2023
Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR.
STR: U.S. hotel results for week ending 18 February
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 February.
STR: Canada hotel performance surpassed pre-pandemic levels in January
Canada’s hotel performance fell slightly from the previous month but surpassed the 2019 comparables, according to STR’s January 2023 data.