STR launches forward-looking data in more than 100 new areas in North America
STR has significantly expanded the forward-looking component of its product offering through the launch of 104 new Forward STAR markets/submarkets in the U.S. and Canada. Forward STAR is now live in 450 areas around the globe.
STR: U.S. hotel results for week ending 25 March
Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 25 March.
U.S. hotel GOPPAR highest since October 2022
U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable and was the highest since October 2022, according to STR‘s February 2023 P&L data release. EBITDA was the only key bottom-line metric on a per-available-room basis ...
Europe’s key hotel markets showed improved profitability in February
Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according to STR’s February 2023 P&L data release.
STR: U.S. hotel results for week ending 1 April
Aligned with normal spring break patterns, U.S. hotel performance showed mix comparisons from the previous week, according to STR‘s latest data through 1 April.
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: Berlin hotel performance increased in March
Aligned with seasonal trends, Berlin’s hotel industry reported higher levels of occupancy and revenue per available room (RevPAR) month over month, according to preliminary March 2023 data from STR.
Baird/STR Hotel Stock Index down 3.4% in March
The Baird/STR Hotel Stock Index dropped 3.4% in March to a level of 5,355.
STR: Bogotá hotel industry reported highest RevPAR on record in March
Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary March 2023 data from STR.
STR: U.S. hotel results for week ending 8 April
Affected by both the Easter and Passover calendar shift, U.S. hotel performance reflected lower year-over-year comparisons from the previous week, according to STR‘s latest data through 8 April.
STR: U.S. hotel pipeline shows confidence in business travel
Upper upscale hotels, the property types most associated with business travel, are well represented in the U.S. development pipeline. The volume of projects in the segment points to confidence in the future of business travel, according to STR.
STR: Eid al-Fitr boosts hotel bookings in key Middle East markets
Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data.