Women’s World Cup drives RevPAR premiums in Australia and New Zealand during quiet winter season
Record-breaking attendance at the FIFA Women's World Cup 2023 has given hotels around Australia and New Zealand host cities a much-needed boost during a normally slower winter season.
STR Weekly Insights: 6-12 August 2023
Countries included: United States, United Kingdom, Spain, China, Canada, Japan, Indonesia, Italy, France, Germany, Mexico, Mauritius, Ireland, Fiji, Trinidad & Tobago
Italy: Europe’s Trending Destination
Italy's ADR has surged this summer, with hoteliers leveraging the resurgence of international travelers in Europe, particularly from the U.S. This analysis encompasses forward bookings data, online search trends, and insights from our forecast.
88% of global markets post RevPAR growth above 2019, on par with the record high
A new edition of STR's global "bubble" charts shows sustained RevPAR growth across the world with the second highest number of markets recording growth versus 2019.
STR Weekly Insights: 13-19 August 2023
Countries included: United States, Canada, China, El Salvador, France, Germany, Indonesia, Italy, Japan, Mexico, Seychelles, Singapore, Spain, and United Kingdom
Taylor Swift impact grows to $208M in U.S. hotel room revenue
Best believe U.S. hotels were still “bejeweled” when Swift came to town, as concert dates after our previous update (June through early August) increased the tour impact to $208 million in additional U.S. hotel room revenue.
STR/TE Market Forecast Assumptions – August 2023
Revised Market Forecasts from STR and Tourism Economics are now available. View the full global travel and macroeconomic assumptions that went into this quarter's reports.
STR Weekly Insights: 20-26 August 2023
Countries included: United States, Canada, China, El Salvador, Estonia, France, Germany, Indonesia, Italy, Japan, Kenya, Mexico, Spain, Sri Lanka, and United Kingdom
U.S. hotel commentary - July 2023
U.S. occupancy declined year over year for the fourth consecutive month as demand dipped 0.2%.
STR Weekly Insights: 27 August – 2 September 2023
Countries included: United States, Canada, China, El Salvador, Estonia, France, Germany, Indonesia, Italy, Japan, Kenya, Mexico, Spain, Sri Lanka, and United Kingdom
STR Weekly Insights: 3-9 September 2023
Countries included: United States, Canada, China, Denmark, El Salvador, Fiji, France, Germany, Indonesia, Ireland, Italy, Japan, Kenya, Lebanon, Mexico, Spain, Sri Lanka, Trinadad and Tobago, and the United Kingdom
Industry sentiment remains hopeful for ADR and group demand, recession fears grow
In early Q3 2023, STR completed the third edition of the Hospitality Industry Sentiment (HIS) survey, a quarterly survey of travel industry professionals. Now with the third wave of the survey on the books, some patterns have become further established, and some new ...