Europe remains only world region with increased hotel construction
At the end of Q2 2021, Europe remained the only world region with a year-over-year increase in hotel rooms in construction, according to June pipeline data from STR.
STR: U.S. hotel performance for June 2021
The U.S. hotel industry recorded its highest monthly occupancy and revenue per available room (RevPAR) since October 2019, according to June 2021 data from STR.
STR: U.S. hotel results for week ending 17 July
U.S. weekly hotel occupancy reached its highest level since October 2019, according to STR‘s latest data through 17 July.
STR: Canada hotel performance for June 2021
Canada’s hotel industry reported its highest monthly performance levels since September 2020, according to STR’s June 2021 data.
STR: U.K. leading Europe in hotel occupancy recovery
The U.K. continues to lead Europe in hotel occupancy with four straight weeks above 60% in the metric, according to STR data through 18 July.
STR: U.S. hotel results for week ending 24 July
U.S. weekly hotel occupancy reached its highest level since October 2019, while room rates hit an all-time high, according to STR‘s latest data through 24 July.
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: Beach destinations leading hotel performance in Latin America
Latin America’s popular leisure markets, especially beach destinations, have continued to post hotel occupancy levels above 40%, according to data from STR through 25 July.
STR: U.S. hotel results for week ending 31 July
U.S. weekly hotel occupancy dipped from the previous week, while room rates were up slightly, according to STR‘s latest data through 31 July.
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.