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.
STR: U.S. hotel performance for March 2023
The U.S. hotel industry reported higher performance from the month prior, according to March 2023 data from STR.
STR: U.S. hotel results for week ending 15 April
U.S. hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR‘s latest data through 15 April.
Hotel construction down across world regions
Each of the four world regions showed a year-over-year decline in hotel construction activity, with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.
STR: Canada hotel occupancy reached five-month high in March
Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data.
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.