STR: U.S. hotel results for week ending 9 July
As expected on the negative side of a holiday calendar shift, U.S. hotel performance came in lower than the previous week, according to STR‘s latest data through 9 July.
STR: U.S. hotel performance for June 2022
The U.S. hotel industry reported its highest monthly room rates on record, according to June 2022 data from STR.
Hotel pipeline activity down across the global regions
Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter, according to June 2022 data from STR.
STR: U.S. hotel results for week ending 16 July
After two consecutive weeks of lower demand around the Fourth of July holiday, U.S. hotel performance bounced back from the previous week, according to STR‘s latest data through 16 July.
U.S. hotel construction continued on a downward trajectory in June
While U.S. hotel construction has declined for seven consecutive months, rooms in construction in both New York City and Nashville represent a significant percentage of those markets’ existing supply.
Canada hotels post best performance of the pandemic-era
Canada’s hotel performance was the highest of the pandemic-era, with monthly hotel room rates reaching an all-time high, according to STR’s June 2022 data.
New York City on track for surge of new hotel rooms
New York City is well ahead of all other U.S. markets in hotel rooms under construction and projected openings for the remainder of 2021, according to pipeline data from STR’s AM:PM platform.
STR: Preliminary June data for Abu Dhabi hotels
Abu Dhabi’s hotel industry reported its highest occupancy since the start of the pandemic, according to preliminary June 2021 data from STR.
STR: Preliminary June data for Beijing hotels
Beijing’s hotel industry reported lower occupancy but higher room rates when compared with the month prior, according to preliminary June 2021 data from STR.
STR: Preliminary June data for London hotels
STR’s preliminary June 2021 data for London hotels showed its highest performance levels since the start of the pandemic
STR: U.S. hotel results for week ending 10 July
U.S. hotel occupancy improved week over week, while average daily rate (ADR) was the highest on record, according to STR‘s latest data through 10 July.
Europe remains only world region with increased hotel construction
At the end of Q2 2021, Europe remained the only world region with a year-over-year increase in hotel rooms in construction, according to June pipeline data from STR.