Sydney hotel performance lifted by Vivid Drone Show and Sydney Film Festival
The ‘Love Is In The Air’ Vivid Drone Show and the 71st Sydney Film Festival lifted June hotel performance in the market, according to preliminary data from CoStar.
Baird/STR Hotel Stock Index jumped 10.5% in December, ended year up 38.4%
The Baird/STR Hotel Stock Index jumped 10.5% in December to a level of 6,760. For 2023, the stock index was up 38.4%.
COP28 and New Year’s Eve boosted Dubai hotel performance in December
Helped by COP28 and New Year’s Eve, Dubai’s hotel industry reported its highest monthly average daily rate (ADR) on record, according to preliminary December data from CoStar.
U.S. hotel construction activity rose in March, first increase in nine months
The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data.
Baird/STR Hotel Stock Index dropped 10% in December, ended year down 15%
The Baird/STR Hotel Stock Index dropped 10% in December to a level of 4,885. For 2022 as a whole, the stock index was down 15%.
Hotel pipeline activity down around the world, except in Middle East & Africa
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR.
STR, TE make modest upgrade to first U.S. hotel forecast of 2023
STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast just released at the Americas Lodging Investment Summit (ALIS). Additionally, a subsequent downward adjustment was made for 2024.
Forecast: U.S. hotel demand and ADR will near full recovery in 2022
U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according to the upgraded forecast just released by STR and Tourism Economics at the 43rd Annual NYU International Hospitality Industry Investment Conference. Ad...
Baird/STR Hotel Stock Index jumped 12.7% in December, ended year up 25.6%
The Baird/STR Hotel Stock Index jumped 12.7% in December to a level of 5,744. For 2021 as a whole, the stock index was up 25.6%.
Miami and Dubai led the world in hotel profit recovery in 2021
Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR‘s full-year P&L data release.
STR: China hotel rates higher than 2019 level during Lunar New Year
Mainland China’s hotel industry surpassed its 2019 comparable in Lunar New Year average daily rate (ADR) even with substantially lower occupancy, according to preliminary data from STR.
STR: Australia hotel occupancy on a steep decline amid latest COVID-19 lockdowns
After being one of the highest-performing countries during the early portion of 2021, Australia’s hotel occupancy has been on a rapid decline amid the latest COVID-19 lockdowns across the country, according to data from STR through 1 August.