Australian Grand Prix lifting Melbourne hotel bookings to 29-month high
This weekend’s Australian Grand Prix is lifting Melbourne’s hotel occupancy on the books to its highest level since November 2019, according to STR’s Forward STAR.
STR: U.S. hotel results for week ending 2 April
Reflecting continued seasonal slowing in spring break travel, U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 2 April.
Baird/STR Hotel Stock Index increased 2.2% in March
The Baird/STR Hotel Stock Index increased 2.2% in March to a level of 5,882. Year to date through the first three months of 2022, the stock index increased 2.4%.
STR: Expo 2020 drove Dubai hotel occupancy above 90% for the first time since 2007
Driven by the final weeks of Expo 2020, Dubai’s hotel industry reported its first month of 90% or better occupancy since 2007, according to preliminary March 2022 data from STR.
STR: Berlin hotel performance improved in March
Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR.
Decline continues in U.S. hotel construction, but planning activity is up
While a steady hotel construction decline continues nationally, volume in New York City and Nashville represents a significant percentage of those markets’ existing supply. Additionally, planning activity continues to rise nationally with markets like Miami, Phoenix ...
The Americas and Asia Pacific regions show increased hotel pipeline activity
Two of the four world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the first quarter, according to March 2022 data from STR.
STR: U.S. hotel results for week ending 9 April
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 9 April.
STR: U.S. hotel performance for March 2022
Lifted by Spring Break travel, the U.S. hotel industry reported elevated performance with better indexed comparisons against 2019, according to March 2022 data from STR.
STR: U.S. hotel results for week ending 16 April
Aligned with historical patterns, U.S. hotel performance came in lower during the week of Easter, according to STR‘s latest data through 16 April.
India hotel occupancy and ADR top pre-pandemic levels in mid-April
Amid continued recovery from the Omicron wave, India’s hotel industry eclipsed pre-pandemic comparables in occupancy and average daily rate (ADR) for three consecutive days during the second week of April, according to preliminary data from STR.
STR: Canada hotel rates exceeded 2019 levels in March
Canada’s monthly hotel rates exceeded 2019 levels for the first time since the pandemic began, according to STR’s March 2022 data.