STR Weekly Insights: 15-21 January 2023
Countries included: U.S., Barbados, Fiji, Aruba, United Arab Emirates, United Kingdom, China
Restrictions, lack of inbound travel have limited Southeast Asia’s hotel performance
Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents, exceeding only the gains of Northeastern Asia in terms of occupancy and average daily rate (ADR ) in 2022.
U.S. Hotels - 2022 Commentary
After consistent month-to-month improvement through April, the occupancy recovery index to 2019 showed more fluctuation.
STR Weekly Insights: 22-28 January 2023
Countries included: U.S., Barbados, United Kingdom, Germany
Caribbean hotel industry a “comeback kid”
Caribbean hotel performance bounced back throughout 2022 due to the lifting of most travel restrictions. The region saw the largest annual ADR and RevPAR increases over 2019 when compared to the other STR-defined Americas subcontinents.
Latin America hotel performance was mostly recovered in 2022
Performance recovery was substantial for most of Latin America’s hotel industry in 2022, with Mexico, Central America and South America easily surpassing their pre-pandemic comparables in revenue per available room (RevPAR).
Sun is still shining on Australia’s hotel industry
Australia’s hotel performance turned a massive corner during the first half of 2022 as the Omicron wave subsided and governments relaxed travel restrictions around the country.
STR Weekly Insights: 29 January-4 February 2023
Countries included: United States, Japan, France, United Kingdom, Indonesia, Turkey, Thailand, Germany, Mexico, Barbados
China hotels benefit from first restriction-free Lunar New Year in three years, more success on the way for APAC
China announced the easing of most of its COVID restrictions in December 2022, which meant that January 2023 would feature the country's first Lunar New Year holiday without a lockdown since 2019.
STR Weekly Insights: 5-11 February 2023
Countries included: United States, United Kingdom, Germany, China, Barbados, and United Arab Emirates
Cautious optimism in India’s hotel performance recovery
India’s hotel industry turned in a stellar 2022 with RevPAR 100% recovered to pre-pandemic levels – but is this recovery sustainable? This latest blog dives into the country’s performance, data-driven themes and occupancy on the books for key market.
Warm U.S. beach markets shine early in 2023, inflation cuts into ADR gains
STR’s bubble chart update for February 2023 shows the staying power of warm, outdoor-oriented hotel markets and expected seasonal shifts for the opening months of the year. As part of the seasonal slowing for this time of year, most markets are performing below 2019 ...