Profitability in Asia Pacific hotel markets well below pre-pandemic levels
The hotel industries in seven key Asia Pacific markets reported profitability levels well below pre-pandemic levels, with only Beijing above 40% of the 2019 comparable, according to STR‘s September 2021 monthly P&L data release.
2020 U.S. hotel forecast slightly upgraded; full recovery still unlikely until 2024
With leisure demand stronger than anticipated in the fall, STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast just released during the virtual NYU Hospitality Conference.
Canada hotel occupancy dipped because of less leisure demand in January
Canada’s hotel industry showed lower occupancy but continued growth in average daily rate (ADR), according to CoStar’s January 2024 data.
STR: Sydney recorded best hotel performance of the pandemic-era in September
Sydney’s monthly hotel performance reached a pandemic-era high, according to preliminary September 2022 data from STR.
STR: Berlin hotel occupancy declined in November amid latest COVID concerns
Amid rising COVID cases and subsequent restrictions, Berlin’s hotel industry reported lower occupancy but higher room rates, according to preliminary November 2021 data from STR.
How to benchmark 2021 performance against 2019 - A guide for corporate clients
How to benchmark 2021 performance against 2019 - A guide for individual hotels
STR: U.S. hotel construction up year over year for first time since late 2020
After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR.
STR: At least 155 New Orleans hotels currently closed because of Hurricane Ida
In the aftermath of Hurricane Ida, at least 155 New Orleans hotels are temporarily closed due to power outages, staffing issues and third-party services such as linen providers being offline, according to the latest data and analysis from STR.
Europe’s key hotel markets show improved profitability but remain well below pre-pandemic levels
The hotel industries in Amsterdam, Berlin, London, Moscow and Paris each reported improved profitability, but all remained well below pre-pandemic levels, according to STR‘s August 2021 monthly P&L data release.
STR, TE lift U.S. ADR and RevPAR forecast; profit growth to be limited
STR and Tourism Economics upgraded the 2023 U.S. hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over t...
STR: New York, Chicago and Las Vegas set to be top meeting locations
New York, Chicago and Las Vegas are the top North American markets that meeting planners intend to use in the next two years, according to STR‘s 2019 DestinationMAP (Meeting Assessment Program).