STR: Dubai hotel rates reached six-year high in December
Lifted by Expo 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015, according to preliminary December 2021 data from STR.
STR: London hotel occupancy fell in December amid latest COVID concerns
Amid increased COVID-19 cases, London’s hotel industry reported lower occupancy but higher room rates, according to preliminary December 2021 data from STR.
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: U.S. hotel results for week ending 8 January
Reflecting post-holiday seasonality, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 8 January.
U.S. hotel construction ends year down 61,000 rooms from peak
The number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020, according to December 2021 pipeline data from STR.
Hotel construction down around the world, except in Asia Pacific region
Asia Pacific is the only world region showing increased hotel construction activity in comparison with the end of Q4 last year, according to December 2021 data from STR.
STR: U.S. hotel performance for December 2021
The U.S. hotel industry posted solid performance in comparison with pre-pandemic levels, according to December 2021 data from STR.
STR: U.S. hotel RevPAR recovered 83% in 2021
With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2% of the pre-pandemic comparable, according to the latest data from STR.
STR: U.S. hotel results for week ending 15 January
U.S. weekly hotel occupancy worsened in comparison with pre-pandemic levels, according to STR‘s latest data through 15 January.
STR, TE slightly upgrade latest U.S. hotel forecast
Underpinned by continued strengthening in average daily rate (ADR), STR and Tourism Economics have slightly upgraded the U.S. hotel forecast, just released at the Americas Lodging Investment Summit (ALIS).
STR: Middle East hotel RevPAR recovery highest among global regions
The Middle East hotel industry reported revenue per available room (RevPAR) that was 85.6% of the pre-pandemic comparable, the highest among the global regions, according to year-end 2021 data from STR.
STR: Canada hotel RevPAR 54% recovered in 2021
Despite stronger performance in the second half of 2021, Canada’s hotel industry reported revenue per available room (RevPAR) that was just 54.1% of the pre-pandemic comparable, according to STR’s year-end data.