What is an Occupancy Rate?
Occupancy rate is one of the hotel industry’s performance metrics, showing the percentage of rooms occupied in a property, segment or geographic area. Successful revenue management achieves the optimal occupancy level for driving growth in revenue per available room ...
With so many headwinds, why are people still traveling?
Around the globe, consumers aren’t allowing inconveniences or higher costs prevent them from traveling. Our latest consumer research gives us reasons why.
STR Weekly Insights: 8-14 January 2023
Countries included: U.S., U.K., China
U.S. Hospitality Radar - December 2022
U.S. hotel performance recovery differed depending on location and class. Jan Freitag breaks the 2022 numbers down in his latest update. He’s also joined by Mark Owens from CBRE to discuss capital markets.
New York City’s comeback and luxury destinations highlighted U.S. hotel performance recovery in 2022
STR’s bubble chart update for 2022 shows a phenomenal comeback in New York City as well as plenty of success for smaller destinations focused on high-end travelers.
Almost half of global hotel markets recovered RevPAR with challenges of 2023 ahead
STR’s bubble chart update shows plenty of momentum heading into the headwinds of 2023 as almost half of global markets reached full recovery of revenue per available room (RevPAR) in 2022.
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).