STR: Saudi Arabia leads the world in projected hotel supply growth
Saudi Arabia shows 73,057 rooms across the three phases of the hotel pipeline, and the country’s projected 67.1% increase in room supply over the next three years is the highest among the world’s 50 most populated countries, according to STR’s AM:PM platform.
STR: U.S. hotel results for week ending 27 March
U.S. weekly hotel occupancy fell one point from the previous week, according to STR‘s latest data through 27 March.
U.S. hotel profitability hits pandemic high
U.S. hotel gross operating profit per available room (GOPPAR) reached its highest absolute level since February 2020, according to STR‘s February 2021 monthly P&L data release.
STR: U.S. leads world in hotel openings as construction activity declines
The U.S. led the world in new hotel and room openings during Q1 2021, according to global pipeline data from STR’s AM:PM platform. At the same time, the country’s construction activity continues to decline in comparison with pre-pandemic levels.
STR: U.S. hotel results for week ending 3 April
U.S. hotel occupancy remained flat from the previous week, while the country’s ADR and RevPAR levels were its highest since the beginning of March 2020, according to STR‘s latest weekly data through 3 April 2021.
Baird/STR Hotel Stock Index dipped 0.2% in March
The Baird/STR Hotel Stock Index dipped 0.2% in March to a level of 5,131. Year to date through the first three months of 2021, the stock index was up 12.2%.
STR: Preliminary Berlin hotel data for March
STR’s preliminary March 2021 data for Berlin hotels shows slightly better performance compared with recent months, albeit at overall low levels due to continued restrictions in Germany.
STR: Preliminary March data for Beijing hotels
Beijing’s hotel industry reported its highest room rates in 15 months, according to preliminary March 2021 data from STR.
STR: Preliminary Jeddah hotel data for March
Jeddah’s hotel industry reported one of its highest monthly occupancy levels of the pandemic period, according to preliminary March 2021 data from STR.
Hotel construction down around the world, except in Europe
Europe is the only world region showing increased hotel construction activity in comparison with the end of Q1 last year, according to March pipeline data from STR.
STR: U.S. hotel results for week ending 10 April
The U.S. hotel industry posted its highest demand and occupancy levels since the beginning of the pandemic, according to STR‘s latest weekly data through 10 April.
Mumbai’s rapid hotel recovery faces headwinds
Mumbai’s rapid hotel performance recovery is projected to return to more moderate levels, according to a recent market forecast from STR and Tourism Economics.