market reports
STR: Canada Hotels Post Highest Rates Since September 2019
STR | June 27, 2022
HENDERSONVILLE, Tennessee—Canada’s monthly hotel performance improved from the previous month yet again, and room rates reached the highest level since September 2019, according to STR’s May 2022 data. May 2022 (percentage change from May 2019) Occupancy: 63.4% (-6.7%) Average daily rate (ADR): CAD171.37 (+2.8%) Revenue per available room (RevPAR): CAD108.67 (-4.1%) In addition to the highest ADR level since September 2019, the May RevPAR level was the country’s highest since October 2019 while occupancy was its highest since August 2021. “Overall, May was a strong month for Canada hotels, with many of the segme...
STR: Sydney’s Hotel Industry Showed Steady Occupancy Levels in May
STR | June 16, 2022
LONDON—Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR. Occupancy: 65.1% Average daily rate (ADR): AUD233.96 Revenue per available room (RevPAR): AUD152.32 When looking at daily data, Tuesday and Wednesday occupancy levels hovered between 65% and 75% and outperformed most Saturdays, which shows an increase in business demand. The highest daily occupancy level for the month (82.8%) came on 28 May, the first Saturday of Vivid Sydney 2022. The event also drove ADR to AUD305.18, which was up 10.7% from the Saturday prior. ...
February 2022 Total International Travel Volume To and From the United States
National Travel and Tourism Office | May 2, 2022
Data recently released by the National Travel and Tourism Office (NTTO) show that in February 2022: International Arrivals to the United States Total non-U.S. resident international visitor volume to the United States of 2,269,089 increased 223.5% from February 2021 but was 44.6% of total visitor volume in February 2019. Overseas visitor volume to the United States of 1,047,469 increased 339.1% from February 2021. February 2022 was the eleventh consecutive month that total non-U.S. resident international arrivals to the United States increased on a year-over-year basis. The largest numbers of international visitors were fr...
First-Quarter 2022 Hotel Performance Ends on High Note
HotStats | April 28, 2022
Beware the ides of March. But for the global hotel industry, the month was anything but a tragedy. First-quarter hotel performance ended strong with March profit surging across most global regions, a sign of stronger revenues, better conversion rates and new worries over a COVID upsurge not discouraging would-be travelers. European GOPPAR hit €35.97, the highest the number has reached since it peaked in October 2021, though still around €12 lower than March 2019. After GOPPAR dropped into negative territory in January, it’s now up 229% YTD compared to the same time in 2021. Feeding into the increase in GOPPAR was a concurrent l...
Lonavala: a Thriving Leisure Destination in Maharashtra
Saniya Zanpure | April 18, 2022
By Saniya Zanpure, Dipti Mohan Lonavala, popularly known as the “city of caves” or the “jewel of Sahyadri” is a small town located more than 2,000 feet above sea level in the Sahyadri range in the Indian state of Maharashtra. It is one of the most visited hill stations in the country due to its tropical climate and pleasant weather all year round, as well as its strategic location 60-80 kilometers from key metropolitan cities in the state such as Mumbai and Pune. Moreover, the town is surrounded by dense forests, magnificent waterfalls, tranquil lakes, green valleys boasting spectacular views, caves, and forts, which have made Lona...
STR: Berlin Hotel Performance Improved in March
STR | April 13, 2022
LONDON — April 13, 2022 — Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR. Occupancy: 51.3% Average daily rate (ADR): EUR84.98 Revenue per available room (RevPAR): EUR43.57 The occupancy and RevPAR levels were the highest in the market since November 2021. These levels were still 30% and 40% below the pre-pandemic comparables from 2019, respectively. Daily data shows that Berlin’s weekday and weekend performance is more aligned, pointing to increased business demand during the weekdays. All of STR’s COVID-19 analysis can be fo...
STR: Expo 2020 Drove Dubai Hotel Occupancy Above 90% for the First Time Since 2007
STR | April 12, 2022
LONDON — April 12, 2022 — Driven by the final weeks of Expo 2020, Dubai’s hotel industry reported its first month of 90% or better occupancy since 2007, according to preliminary March 2022 data from STR. Occupancy: 91.7% Average daily rate (ADR): AED891.46 Revenue per available room (RevPAR): AED817.90 Like past renditions of Expo in Shanghai (2010) and Milan (2015), the end of the “mega event” proved to be the busiest for Dubai. The last time monthly occupancy in Dubai reached 90% was March 2007 when there were roughly 90,000 less rooms in the market. Additionally, the ADR level was Dubai’s second highest...
Hotel Market Recovery – Minneapolis-St. Paul
Tanya J. Pierson | April 12, 2022
By Tanya J. Pierson The recently depressed performance of the Twin Cities metro area is indicative of its reliance on corporate and group demand, which has not fully re-entered the market. As a comparison, the U.S. RevPAR dropped by 48% in 2020 during the COVID-19 pandemic, while RevPAR in Minneapolis-St. Paul fell by 64%, according to STR. In 2021, the greater Minneapolis-St. Paul market’s RevPAR rose to 55% of the pre-COVID performance, while the nation rebounded more quickly to 83% of the pre-COVID level. Within the corporate segment, demand declined significantly, as most of the region’s largest employers eliminated corporate trave...
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