STR: U.S. Hotel Performance for April 2022

STR | May 19, 2022

HENDERSONVILLE, Tennessee—The U.S. hotel industry reported higher performance from previous months as well as all-time high room rates, according to April 2022 data from STR. April 2022 (percentage change from April 2019): Occupancy: 65.5% (-3.3%) Average daily rate (ADR): US$149.90 (+14.0%) Revenue per available room (RevPAR): US$98.20 (+10.2%) The country’s occupancy and RevPAR levels were the highest since July 2021. On a nominal basis, the country’s ADR level was the highest for any month on record. When adjusted for inflation, the April ADR level was 0.7% above the 2019 comparable. Among the Top 25 Markets, Mi...

STR: U.S. Hotel Results for Week Ending 14 May

STR | May 19, 2022

HENDERSONVILLE, Tennessee—U.S. hotel performance improved from the previous week, according to STR‘s latest data through 14 May. 8-14 May 2022 (percentage change from comparable week in 2019*): Occupancy: 66.5% (-5.9%) Average daily rate (ADR): US$148.31 (+10.5%) Revenue per available room (RevPAR): US$98.59 (+4.1%) Among the Top 25 Markets, Phoenix saw the highest occupancy increase over 2019 (+4.5% to 73.8%). Philadelphia experienced the largest occupancy decrease from 2019 (-19.6% to 64.8%). Miami posted the highest ADR gain over 2019 (+62.8% to US$282.26). The steepest RevPAR deficits were in San Fr...

At Q1 ‘22 Asia Pacific’s Hotel Construction Pipeline, Excluding China, Shows Moderate Growth Year-Over-Year

Lodging Econometrics | May 18, 2022

May 18, 2022 – PORTSMOUTH, NH According to the Q1 2022 Construction Pipeline Trend Report from Lodging Econometrics (LE), the hotel construction pipeline in the Asia Pacific region, excluding China, has 1,880 projects/404,060 rooms, up 7% by projects and 9% by rooms Year-Over-Year (YOY). At the end of the first quarter, in the Asia Pacific hotel construction pipeline excluding China, there are currently 949 projects/214,215 rooms under construction, up 9% by projects and 10% by rooms YOY. Projects scheduled to start construction in the next 12 months are at 357 projects/74,459 rooms and projects in early planning, hit a record-high this...

India Hotel Performance Continues to Eclipse Pre-Pandemic Levels

STR | May 17, 2022

India’s hotel performance recovery resumed early in 2022, but April seemed to be the turning point with the country outpacing pre-pandemic comparables in occupancy and average daily rate (ADR) for three consecutive weeks. Leisure markets have continued to lead recovery, but business travel is also back in the country post-Omicron. Forward bookings also appear to be healthy for the remainder of May with most pickup remaining short-term. 20 straight days above pre-pandemic comparables Running 7-day occupancy and ADR had been trending at 90% or better of 2019 levels since the latter portion of March, with occupancy eclipsing pre...

International Travel Set to Maintain Growth in 2022 With Full Recovery Expected by 2025, Observes GlobalData

GlobalData | May 16, 2022

International departures will reach 68% of the pre-COVID-19 levels globally in 2022 and are expected to improve to 82% in 2023 and 97% in 2024, before making a full recovery by 2025 at 101% of 2019 levels, with a projected 1.5 billion international departures. However, the trajectory for the recovery in international departures is not linear across regions or countries, says GlobalData, a leading data and analytics company. Hannah Free, Travel and Tourism Analyst at GlobalData, comments: “International travel from North America had shown improvement in 2021 as international departures grew by 15% year-on-year. The US rose to become the ...

STR: U.S. Hotel Results for Week Ending 7 May

STR | May 16, 2022

HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through 7 May. 1-7 May 2022 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-6.1%) Average daily rate (ADR): US$147.24 (+12.0%) Revenue per available room (RevPAR): US$94.10 (+5.1%) Among the Top 25 Markets, San Diego saw the highest occupancy increase over 2019 (+5.6% to 74.5%). Chicago experienced the largest occupancy decrease from 2019 (-22.2% to 59.2%). The steepest RevPAR deficits were in San Francis...

Canada Travel & Tourism Could Reach Pre-Pandemic Levels Next Year

WTTC | May 13, 2022

Travel & Tourism’s GDP expected to grow more than twice rate of the overall economy for the next 10 years; Over half a million jobs could also be created London, UK: The World Travel & Tourism Council’s latest Economic Impact (EIR) reveals the Travel & Tourism sector in Canada will catapult the nation’s economic recovery with its GDP contribution set to reach pre-pandemic levels next year. The forecast from the World Travel & Tourism Council (WTTC), shows the sector’s contribution to Canada’s GDP could reach CAD157 billion next year, just 0.8% below 2019 levels. Looking to this year, the report shows the se...

The “Great Return” Is in Motion; Workers, Students, Companies and Travelers Re-Embrace the City Center

JLL | May 12, 2022

Office occupancy and urban hotel demand are both steadily increasing CHICAGO, May 12, 2022 – While at-home work and a shift away from city centers was widely embraced during the throes of the pandemic, recent data points suggest the “Great Return” is in motion. City centers have historically served as the cultural and commercial heart of cities and as William Shakespeare once said, “What is the city but the people?” This statement resonates now more than ever as cities are being reawakened and re-embraced by the workers, students and companies that call them home. As of April, many big tech and financial corporations have called ...