STR: U.S. Hotel Performance for December 2021
STR | January 20, 2022
HENDERSONVILLE, Tennessee — January 20, 2022 — The U.S. hotel industry posted solid performance in comparison with pre-pandemic levels, according to December 2021 data from STR. December 2021 (percentage change from December 2019): Occupancy: 53.3% (-1.4%) Average daily rate (ADR): US$135.28 (+6.7%) Revenue per available room (RevPAR): US$72.15 (+5.2%) U.S. demand reached 90.8 million room nights sold, which was just above December 2019 (90.6m) and the highest for any December on record. ADR and RevPAR also hit all-time highs for the month. Among the Top 25 Markets, Oahu Island experienced the highest occu...
HVS Market Pulse: Arlington, Virginia
HVS | January 20, 2022
The COVID-19 pandemic has had a severe impact on the Arlington, Virginia, and greater Washington, D.C. region’s lodging markets. Although a substantial amount of leisure demand was present in 2021, Arlington’s lodging market has remained depressed overall for nearly two years given the limited commercial, government, and group demand. Demand was healthy in the years prior to the pandemic, with Arlington hotels registering occupancy levels in the mid-70s from 2016 through 2019. Largely generated by Arlington’s proximity to Washington, D.C., occupied room nights represented a mix of leisure travelers visiting the monuments and museum...
Q4 2021 Major U.S. Hotel Sales Survey
Daniel Lesser | January 19, 2022
By Daniel Lesser During 2021, vaccines and booster shots paved the way for a brief return to some semblance of normalcy, however as we enter 2022 the nearly two-year global health crisis is not over. Since the end of November, the Omicron variant of COVID-19 has surged, bringing record high daily counts of infection resulting in many companies further delaying their long-awaited return-to-office. Staffing shortages and the global supply chain challenges continue to wreak havoc on businesses and Omicron has the potential to further disrupt travel including the airline, hotel, and group meeting and convention industries. The good news is t...
Hotel Construction Down Around the World, Except in Asia Pacific Region
STR | January 17, 2022
HENDERSONVILLE, Tennessee — January 17, 2022 — Asia Pacific is the only world region showing increased hotel construction activity in comparison with the end of Q4 last year, according to December 2021 data from STR. December 2021 (% changes in comparison with December 2020) Europe In Construction: 221,789 rooms (-7.6%) Final Planning: 163,805 rooms (-4.9%) Planning: 159,232 rooms (+4.7%) Total Under Contract: 544,826 rooms (-3.5%) Germany (45,121) and the U.K. (31,464) continue to lead Europe in total rooms in construction. Asia Pacific In Construction: 473,983 rooms (+5.0%) Final Planning: 170,210 ro...
STR: U.S. Hotel Results for Week Ending 8 January
STR | January 13, 2022
HENDERSONVILLE, Tennessee — January 13, 2022 — Reflecting post-holiday seasonality, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 8 January. 2-8 January 2022 (percentage change from comparable week in 2019*): Occupancy: 45.4% (-14.9%) Average daily rate (ADR): US$119.92 (-4.8%) Revenue per available room (RevPAR): US$54.47 (-19.0%) Occupancy fell week over week because of a slowdown in leisure demand and a continued absence of business travel due to a Saturday holiday. While ADR also dropped from an all-time high the previous week, the metric came in at ro...
Los Angeles Hotel Rates Forecasted at $445, Second Highest for a Super Bowl Weekend
STR | January 12, 2022
BROOMFIELD, CO — January 12, 2022 — Hotel average daily rate (ADR) and revenue per available room (RevPAR) in the Los Angeles market are projected to reach the second-highest levels for any Super Bowl weekend on record, according to STR’s forecasting team. The market is projected to achieve an ADR of $445 and a RevPAR of $396 for Friday, February 11 through Sunday, February 13. “Since July, the Los Angeles hotel market has consistently achieved monthly rates near or above pre-pandemic levels,” said Blake Reiter, STR’s director of custom forecasts. “Occupancy has been rapidly improving toward 2019 levels as well, bu...
STR: Sydney Hotel Rates Reached Pandemic-Era Highs in December
STR | January 11, 2022
LONDON — January 11, 2022 — Reflecting the beginning of summer and impact of the holiday season, Sydney’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary December 2021 data from STR. Occupancy: 45.0% Average daily rate (ADR): AUD236.64 Revenue per available room (RevPAR): AUD106.38 The market’s absolute ADR level was its highest for any month since December 2019, while occupancy and RevPAR were the highest since May and April 2021, respectively. On 31 December, Sydney’s ADR (AUD533.81) was the highest in the market since 31 December 2019 (AUD651.85), while RevPAR (AUD287....
STR: Dubai Hotel Rates Reached Six-Year High in December
STR | January 11, 2022
LONDON — January 11, 2022 — Lifted by Expo 2020 and the holiday season, Dubai’s hotel industry reported its highest monthly room rates since 2015, according to preliminary December 2021 data from STR. Occupancy: 78.2% Average daily rate (ADR): AED956.01 Revenue per available room (RevPAR): AED747.28 The market’s absolute ADR and RevPAR levels were its highest for any month since January 2015 and March 2015, respectively. On 31 December, the market’s ADR (AED1,963.67) was the highest for any one day in STR’s Dubai database, while the market’s RevPAR (AED1,743.89) was the highest since 31 December 2015 (AED1,768.8...
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