STR & TE lift 2021 U.S. hotel forecast, lessen growth projections for 2022
Just released at the 13th Annual Hotel Data Conference, STR and Tourism Economics have upgraded the U.S. hotel forecast for 2021 as a whole and lessened growth projections for 2022.
STR: Glasgow hotel occupancy nearing 90% for upcoming UN Climate Change Conference
Glasgow’s hotel occupancy on the books is nearing 90% for the UN Climate Change Conference in early November, according to data from Forward STAR, STR’s forward-looking benchmarking solution.
2020 U.S. hotel forecast slightly upgraded; full recovery still unlikely until 2024
With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference.
STR: Key German hotel markets forecasted for performance growth, despite looming recession
Ahead of next week’s EXPO REAL trade fair, STR conducted an analysis on the correlation of growth in Germany’s GDP and hotel revenue per available room (RevPAR). In addition, forecasts from STR and Tourism Economics project German hotel markets to see higher RevPAR i...
STR, AirDNA analysis of short-term rentals and hotels in 27 global markets
Short-term rentals have maintained higher performance levels than hotels during the time of the COVID-19 pandemic, according to the preliminary findings of a joint global analysis by STR and AirDNA.
Baird/STR Hotel Stock Index rose 5.0% in December, ends year down 13.2%
The Baird/STR Hotel Stock Index was up 5.0% in December to a level of 4,574. For 2020 as a whole, the stock index fell 13.2%.
U.S. hotel profit improved to 60% of 2019 level, labor remains stagnant
Gross operating profit for U.S. hotels reached 60% of the comparable 2019 level, according to STR‘s April 2021 monthly P&L data release. While GOP in comparison with 2019 improved from 50% in March, labor spending was up to just 64% in April after coming in at 60...
Baird/STR Hotel Stock Index drops 8.5% in December, ends year down 16.8%
The Baird/STR Hotel Stock Index was down 8.5% in December to 4,069. For total-year 2018, the stock index fell 16.8%.
STR, TE lower U.S. hotel growth forecast in final revision of 2024
STR and Tourism Economics downgraded the growth rate in the final U.S. hotel forecast revision of 2024.
Events driving hotel performance in Adelaide; bookings during LIV Golf at 72%
A number of large-scale events have boosted hotel performance in Adelaide, with further jumps expected for upcoming events, according to recent data from CoStar.
CoStar, TE maintain growth projections in first U.S. hotel forecast of 2025
CoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2025 just released at the Americas Lodging Investment Summit (ALIS).
Ajman and Ras Al Khaimah highlight UAE hotel performance during Eid al-Fitr
During Eid al-Fitr celebrations in the United Arab Emirates (UAE), Ajman was the only hotel market to top 95% occupancy, and Ras Al Khaimah was the only market where average daily date (ADR) surpassed AED 1,000, according to data from CoStar