market reports
STR: U.S. Hotel Results for Week Ending 18 September
STR | September 23, 2021
HENDERSONVILLE, Tennessee — September 23, 2021 — U.S. hotel occupancy reached a 4-week high, according to STR‘s latest data through 18 September. 12-18 September 2021 (percentage change from comparable week in 2019*): Occupancy: 63.0% (-11.6%) Average daily rate (ADR): US$131.04 (-2.6%) Revenue per available room (RevPAR): US$82.50 (-13.9%) The gain in occupancy was helped by weekly group demand eclipsing 1 million for the first time since the earliest days of the pandemic. More group demand created a lowering effect on ADR, as group rooms for upper-tier classes are typically priced lower than transient rooms....
Canada Reports Highest Monthly Performance Since Pandemic
STR | September 22, 2021
HENDERSONVILLE, TN — September 22, 2021 — Canada’s hotel industry reported its highest monthly performance levels since the pandemic, according to STR’s August 2021 data. Even with improvement from previous months, the country’s performance levels remained well below pre-pandemic comparisons from August 2019: Occupancy: 65.4% (-17.0%) Average daily rate (ADR): CAD160.36 (-13.4%) Revenue per available room (RevPAR): CAD104.92 (-28.1%) The occupancy and RevPAR levels were the highest in Canada since October 2019, while the ADR level was the country’s highest since September 2019. “The summer months were...
STR: U.S. Hotel Performance for August 2021
STR | September 20, 2021
HENDERSONVILLE, Tennessee — September 20, 2021 — As the summer leisure travel surge subsided, the U.S. hotel industry reported performance declines from the month prior, according to August 2021 data from STR. August 2021 (percentage change from August 2019): Occupancy: 63.2% (-11.3%) Average daily rate (ADR): US$137.57 (+3.7%) Revenue per available room (RevPAR): US$86.88 (-8.1%) On a nominal basis, ADR was higher than the 2019 comparable. Among the Top 25 Markets, Norfolk/Virginia Beach experienced the highest occupancy level (74.2%), which was still down 5.3% from the market’s 2019 benchmark. None of...
Gloomy Picture for Business Travel, but a Small Ray of Hope
STR | September 17, 2021
With summer ending and the much-needed leisure travel surge waning, much of the industry’s attention and focus shifts to business travel. For true recovery to occur, the travel and hospitality industry needs to see business travel return to pre-pandemic levels. Unfortunately, the prospects for such a return do not appear good at the moment. The Delta variant continues to disrupt the reopening of economies in many parts of the world and, indeed, some countries are grappling with previously unseen levels of infections. The timelines for a full-time return to office, the indicator of the return of business travel, continue to get pushed ...
STR: U.S. Hotel Results for Week Ending 11 September
STR | September 16, 2021
HENDERSONVILLE, Tennessee — September 16, 2021 — U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 11 September. 5-11 September 2021 (percentage change from comparable week in 2019*): Occupancy: 60.0% (-13.6%) Average daily rate (ADR): US$130.82 (-1.4%) Revenue per available room (RevPAR): US$78.46 (-14.8%) Despite the week-over-week dip, performance levels were solid on an absolute basis considering it was the week of Labor Day as well as Rosh Hashanah from Monday through Wednesday. Neither of those holidays were a factor in the corresponding week two years ag...
HVS Market Pulse – Salt Lake City, Utah
Katy Black | September 15, 2021
By Katy Black, Ryan Mark Before the Pandemic Occupancy within the Downtown submarket remained stable, consistently registering near the 70% mark, for the five years prior to the pandemic. Average daily rate (ADR) growth during that period was also consistent at a compound annual growth rate (CAGR) of 3.0%. These metrics illustrate the strength and stability of the local market, even in 2018 when the city lost its largest convention, Outdoor Retailer, as it moved to Denver, Colorado. The number of events held at the Salt Palace Convention Center rebounded in 2019. Convention attendance surpassed one million delegates in the two ye...
2021 HVS Lodging Tax Report – USA
Thomas Hazinski | September 14, 2021
By Thomas A. Hazinski, Joseph Hansel While the impacts of the COVID-19 pandemic on the lodging industry are ongoing, this tenth annual HVS Lodging Tax Study quantifies the revenue impact of the pandemic over the past year. An analysis of 25 major US markets shows losses totaling approximately $1.3 billion in 2020 from historical levels in 2019. HVS forecasts a loss of $1.45 billion in rooms revenue in 2021 from a baseline scenario with no pandemic. HVS also provides historical data on tax rates and the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Intro...
STR: U.S. Hotel Results for Week Ending 4 September
STR | September 10, 2021
HENDERSONVILLE, Tennessee — September 10, 2021 — Lifted by Labor Day weekend, Hurricane Ida evacuations and the return of college football, U.S. hotel performance increased slightly from the previous week, according to STR‘s latest data through 4 September. 29 August through 4 September 2021 (percentage change from comparable week in 2019*): Occupancy: 61.3% (+0.7%) Average daily rate (ADR): US$132.94 (+9.4%) Revenue per available room (RevPAR): US$81.54 (+10.1%) Comparisons with 2019 were higher due to a lower performing week that year. In terms of Hurricane Ida-related demand, the largest jumps were seen ...
1
Industry Happenings
2
All Things Independent
3
Market Reports
4
Technology
5
Operations
Today's News
Business Travel Continues Slowed Recovery While Some Companies Consider New Travel Program Approaches
Pirate Exhibitor Prevention Maintains High Value of HITEC 2021
The Gabriel South Beach, Curio Collection by Hilton, Set for Fall Opening in Miami
STR: U.S. Hotel Results for Week Ending 18 September
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.