STR: U.S. Hotel Results for Week Ending 24 September
STR | September 29, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR‘s latest data through 24 September. 18-24 September 2022 (percentage change from comparable week in 2019*): Occupancy: 70.0% (-1.5%) Average daily rate (ADR): US$157.99 (+15.7%) Revenue per available room (RevPAR): US$110.60 (+13.9%) Among the Top 25 Markets, Orlando reported the highest occupancy increase over 2019 (+7.9% to 72.2%). Of note, New York City saw the highest absolute occupancy level (89.9%), which was helped by the High-Level Week of the United Nations Gene...
STR: Canada Hotel Occupancy Reached Three-Year High in August
STR | September 27, 2022
HENDERSONVILLE, Tennessee—Canada’s monthly hotel occupancy reached its highest absolute level for any month since August 2019, according to STR’s August 2022 data. August 2022 (percentage change from July 2019) Occupancy: 76.4% (-3.0%) Average daily rate (ADR): CAD212.38 (+14.6%) Revenue per available room (RevPAR): CAD162.36 (+11.2%) Compared with July, each of the three key performance metrics showed weakened comparisons with 2019. When adjusted for inflation, ADR was up 2.7% against the pre-pandemic comparable. "August is typically the seasonal peak for key performance indicators in Canada," said Laura Baxter,...
On Track for Recovery in Indianapolis
Brian Arevalo | September 27, 2022
By Brian Arevalo Following a record-breaking year in 2019, the hospitality sector in Indianapolis experienced a devasting blow in 2020 because of the COVID-19 pandemic. Downtown Indianapolis was particularly hard hit due to its heavy reliance on citywide conventions, sporting events, and other events to fill hotel rooms. However, as restrictions were lifted and leisure travel, in particular, began to rebound, the market saw improvement in 2021. While occupancy levels remained well below 2019 levels, average rate increased significantly, resulting in healthy RevPAR growth. This rate growth was driven largely by the opening of the Bottlewo...
Strong Rate Growth and New Travelers Discovering New York State’s Resort Markets
Christian Cross | September 26, 2022
By Christian Cross While New York City and its metropolitan area have largely steered the conversation around New York State’s pandemic recovery, with some secondary discussion of larger markets such as Buffalo, Rochester, Albany, and Syracuse, in my opinion, the state’s resort markets have been the most interesting and have offered some of the biggest surprises to me and local market participants. I moved back to New York State to launch our firm’s Buffalo office in the middle of the pandemic and began working on assignments in the Finger Lakes, the Adirondacks, and the Catskills/Hudson Valley regions. While each individual ...
Amadeus Launches the World’s Most Comprehensive Air Traffic Forecast
Amadeus | September 26, 2022
Building on Amadeus’ comprehensive air travel data, the newly launched Air Traffic Forecast provides tourism and hospitality businesses with a holistic view of global travel movement across the world. September 26, 2022 –By combining air travel data and hotel data, tourism and hospitality organizations can gain comprehensive insights into air travel patterns and trends including air search, capacity, number of flights, bookings, and arrivals and derive correlations to hotels’ occupancy and demand. New air traffic data provides a 6-month forward-looking, global view of the estimated number of air passengers traveling, part of the h...
Labor Day Strength Pushes NYC Into Top 25 RevPAR Lead, Leisure Markets Dominated Everywhere Else
STR | September 23, 2022
For this edition of STR’s U.S. “bubble” chart update, we returned the focus to revenue per available room (RevPAR), a core indicator of the general financial health of hotel markets. For the four weeks ending 10 September, there was an expected seasonal softening from the mid-summer travel peak. In fact, only six of the 165 STR-defined U.S. markets saw month-over-month RevPAR increases for the period, which included the Labor Day holiday. That holiday typically produces major decreases in industry demand—especially weekday business travel—as well as marks an informal end to summer travel. Among the U.S. Top 25 Markets, ...
STR: U.S. Hotel Results for Week Ending 17 September
STR | September 22, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR‘s latest data through 17 September. 11-17 September 2022 (percentage change from comparable week in 2019*): Occupancy: 69.6% (-2.4%) Average daily rate (ADR): US$155.58 (+15.6%) Revenue per available room (RevPAR): US$108.25 (+12.9%) Among the Top 25 Markets, Norfolk/Virginia Beach reported the highest occupancy increase over 2019 (+6.6% to 70.9%). Miami reported the largest ADR gain over 2019 (+30.7% to US$177.10). The steepest RevPAR declines were in San Francisco ...
STR: U.S. Hotel Performance for August 2022
STR | September 20, 2022
HENDERSONVILLE, Tennessee—Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to August 2022 data from STR. August 2022 (percentage change from August 2019): Occupancy: 66.5% (-6.7%) Average daily rate (ADR): US$151.49 (+14.0%) Revenue per available room (RevPAR): US$100.67 (+6.3%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (81.6%), which was down 8.3% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month included New Orleans (47.3%) and Houston (55.3%). New Orleans reported the steepest...
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