Formula One drove Barcelona hotel ADR and RevPAR to all-time highs in June
Thanks to a boost from the annual Spanish Grand Prix, Barcelona's monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs, according to preliminary data from CoStar.
Hotel pipeline down for most of the world at the end of 2023
With substantial volume in the planning phases, the Americas was the only world region to show an increase in overall hotel pipeline activity, according to year-end data from CoStar.
STR: Australian Grand Prix drove Melbourne hotel rates to record high in April
Lifted by the Australian Grand Prix, Melbourne’s hotel industry reported its highest monthly room rates on record, according to preliminary April 2022 data from STR.
Miami and Qatar markets led the world in hotel profit recovery in 2022
Miami and Qatar led the major global markets in hotel profit recovery for 2022, according to STR‘s full-year P&L data.
STR: Canada’s February hotel RevPAR exceeded $100 for the first time on record
Canada’s hotel performance increased from the previous month, with February revenue per available room (RevPAR) exceeding CAD100 for the first time on record, according to STR’s February 2023 data.
Los Angeles hotel rates forecasted at $445, second highest for a Super Bowl weekend
Hotel average daily rate (ADR) and revenue per available room (RevPAR) in the Los Angeles market are projected to reach the second-highest levels for any Super Bowl weekend on record, according to STR’s forecasting team.
STR: At least 155 New Orleans hotels currently closed because of Hurricane Ida
In the aftermath of Hurricane Ida, at least 155 New Orleans hotels are temporarily closed due to power outages, staffing issues and third-party services such as linen providers being offline, according to the latest data and analysis from STR.
Europe’s key hotel markets show improved profitability but remain well below pre-pandemic levels
The hotel industries in Amsterdam, Berlin, London, Moscow and Paris each reported improved profitability, but all remained well below pre-pandemic levels, according to STR‘s August 2021 monthly P&L data release.
U.S. hotel industry posts record levels in 2019, but lowest growth since recession
The U.S. hotel industry registered record-breaking performance levels during 2019 but its lowest growth rate in revenue per available room (RevPAR) since the current cycle began in 2010, according to data from STR.
U.S. hotel profitability improved in May, limited-service properties break even at 45% occupancy
STR‘s latest monthly P&L data release shows U.S. hotel gross operating profit per available room down 110.1% in May. That percentage change was a slight improvement from April’s decline of 116.9%. Additionally, limited-service properties showed positive profitabi...
Coldplay concerts drove Singapore hotel performance in January, Taylor Swift up next in March
Helped by Coldplay’s World of the Spheres Tour, Singapore hotels saw healthy performance growth, according to preliminary January data from CoStar.
U.S. hotel profitability lower in May but above 2019 levels for third consecutive month
U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, but surpassed the pre-pandemic comparable for a third consecutive month, according to STR‘s May 2022 P&L data release.