Market Recovery Monitor - 16 July 2022
As anticipated, history indeed repeated itself during the week ending 16 July 2022, as demand rose 3.4 million rooms year over year – the second-largest gain for week 29 since 2000, and 210,000 less rooms than the 2016 record holder.
U.S. leisure markets maintain summer strength while some major cities make a push as well
Our latest bubble chart update for the U.S. shows continued strength in leisure markets as well as more momentum for a few major cities.
Webinar Recording: Mexico & Caribbean Update - 10 June 2022
Webinar Recording: Mexico & Caribbean Update - 10 June 2022. Please note the webinar is conducted in Spanish.
U.S. Hotels – June 2022 Commentary
Monthly occupancy reached 70% for the first time in the pandemic-era. But lack of midweek business demand remains a drag on demand (and thus occupancy) recovery.
Market Recovery Monitor - 23 July 2022
U.S. hotel room demand for the week ending 23 July 2022 reached its seasonal apex with more than 28.4 million sold. That was the country’s highest weekly total for rooms sold since mid-2019 and the 10th largest weekly amount of the past 22 years.
Europe continues its strong summer, while Latin America picks up the recovery pace
A new edition of STR’s global bubble charts shows strengthening performance around much of the world, with the highest overall levels in Europe and noteworthy recovery in Latin America. Varying recovery stories are also unfolding in Chinese markets.
Market Recovery Monitor - 30 July 2022
With the annual U.S. travel peak behind us, hotel demand and occupancy began to trend down—which is normal. For the week ending 30 July 2022 (week 31), however, the decrease in demand was much lower than in 2017, 2018 and 2019.
Europe’s historical and forward-looking hotel data shows music event boost
This piece shows strong alignment between occupancy on the books (Forward STAR) and actualized levels as well as the overall boost that Europe hotels are receiving from the likes of Bruce Springsteen, Ed Sheeran, Elton John, and Westlife.
Travel disruption and increasing financial barriers stall consumer sentiment, but wanderlust remains
Updated consumer research from STR shows more concern around travel disruption and economic uncertainty, but overall sentiment remains healthy.
Market Recovery Monitor - 13 August 2022
The deceleration in U.S. hotel room demand continued as the final days of summer near. For the week of 7-13 August 2022, demand declined by 558,000 rooms week over week with occupancy dropping to 68.5%.
Climate, Leisure Patterns Dictate U.S. Market Performance in the Second Half of Summer
The top performing U.S. hotel markets in this monthly “bubble” chart update reflect typical late summer seasonal patterns along with continued strong leisure travel. Additionally, a range of markets mostly in the uncomfortably hot south/southwest U.S. saw lower perce...
U.S. hospitality radar - July 2022
Jan gives a look at our latest U.S. hotel forecast, provides an update on group demand figures and explores recent transactions data in this latest video.