UEFA Champions League pushed Madrid room rates to February highs
Helped by a pair of UEFA Champions League matches, Madrid’s hotel industry posted its highest February average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.
U.S. hotel results for week ending 8 March
The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 8 March.
STR: U.S. hotel results for week ending 23 July
U.S. hotel performance improved from the previous week, and revenue per available room (RevPAR) reached an all-time high on a nominal basis, according to STR‘s latest data through 23 July.
U.S. hotel profitability reached 32-month high in June
U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since October 2019, according to STR‘s June 2022 P&L data release.
São Paulo leads hotel profitability recovery in Latin America
Among key hotel markets in Latin America, São Paulo led in recovery of gross operating profit per available room (GOPPAR), according to STR’s June 2022 P&L data release.
STR: U.S. hotel results for week ending 30 July
U.S. hotel performance dipped slightly from the previous week, which was the traditional summer travel peak, according to STR‘s latest data through 30 July.
Hotel Data Conference sold out for first time since 2019
The 14th Annual Hotel Data Conference, presented by IDeaS, has sold out for the first time since 2019 with 712 registered attendees for the event on 10-12 August at the Omni Nashville Hotel.
STR: Dubai hotel performance remained steady in July
Aligned with historical patterns, Dubai’s hotel industry reported lower performance than the month prior while recovery levels to 2019 remained steady, according to preliminary July 2022 data from STR.
STR: Sydney hotel performance dipped in July
Sydney’s hotel industry saw lower performance from the month prior, but comparisons against 2019 levels held steady, according to preliminary July 2022 data from STR.
Berlin hotel occupancy pulled closer to pre-pandemic comparable in July
Berlin’s hotel occupancy came in just below the pre-pandemic comparable from July 2019, according to preliminary July 2022 data from STR.
STR, TE lift ADR projections further in revised U.S. hotel forecast
STR and Tourism Economics adjusted occupancy downward but lifted projections once again for average daily rate (ADR) in the revised U.S. hotel forecast just presented at the 14th Annual Hotel Data Conference.
STR: U.S. hotel results for week ending 6 August
Following seasonal patterns, U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 6 August.