The Americas and Asia Pacific regions show increased hotel pipeline activity
Two of the four world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the first quarter, according to March 2022 data from STR.
U.S. hotel profit improved to 70% of 2019 level, labor flat
Gross operating profit for U.S. hotels reached 70% of the comparable 2019 level, according to STR‘s May 2021 monthly P&L data release. While demand, revenues and GOP continue to uptick, labor spending remained flat from the previous month at 64%.
New York City on track for surge of new hotel rooms
New York City is well ahead of all other U.S. markets in hotel rooms under construction and projected openings for the remainder of 2021, according to pipeline data from STR’s AM:PM platform.
U.S. hotel profit reached 84% of 2019 level, labor rises slightly
Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, according to STR‘s June 2021 monthly P&L data release. Labor costs also rose from the previous month and in comparison with 2019.
STR: Hurricane Laura displacements create hotel demand in Louisiana and Texas
Evacuations and displacements due to Hurricane Laura created hotel demand in markets throughout Louisiana and Texas last week, according to an analysis by STR.
STR: Miami hotels shatter Super Bowl Weekend records for ADR, RevPAR
Miami hotel performance exceeded projections and reached record levels in both average daily rate (ADR) and revenue per available room (RevPAR) during Super Bowl LIV weekend, according to an analysis by STR’s Consulting & Analytics office.
STR: France’s daily hotel occupancy plummets to as low as 3.3%
As the COVID-19 situation in France has worsened, the country’s daily hotel occupancy plummeted to as low as 3.3% on 17 March, according to preliminary data from STR and In Extenso TCH.
STR: Lima’s daily hotel occupancy falls to as low as 12.9%
As the impact of COVID-19 broadens in South America, Lima’s daily hotel occupancy fell to as low as 12.9% on 19 March, according to preliminary data from STR.
STR: Mainland China hotel industry shows early signs of performance recovery
Mainland China’s daily hotel occupancy reached an absolute level of 31.8% on 28 March, up from a low of 7.4% during the first week of February, according to preliminary data from STR. Additionally, opening rates have been significant in key markets across the region....
STR: Accor, Marriott the largest hotel companies in the Middle East
Accor and Marriott International maintain the top room counts among parent companies operating in in the Middle East, according to STR.
STR: U.S. hotel profits hit all-time high, labor costs outgrowing revenues
Results from STR’s 2019 HOST Almanac show that U.S. hotel industrywide house profit reached a record-breaking $80 billion in 2018 even as labor costs grew at a higher rate than revenues.
STR: Oyo and Jin Jiang lead in Asia Pacific hotel presence
Oyo Hotels & Homes represents the largest hotel supply count in the Asia Pacific region, while Jin Jiang International leads in number of rooms in the development pipeline. As part of the STR 500, STR will release a list of the region’s 100 largest companies duri...