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Canadian Lodging Outlook Quarterly 2019-Q1

HVS | May 17, 2019

May 17, 2019 -- HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further Information, please contact: info@str.com or +1 (615) 824-8664 ext. 3504. ...

Revenue Is Rising, But Collecting Is More Challenging

Robert Mandelbaum | April 18, 2019

By Robert Mandelbaum According to STR, U.S. hotels achieved all-time high levels of occupancy, ADR, and RevPAR in 2018. While a record number of guests are staying at hotels, and revenues are flowing in, the ability to collect these funds is starting to become more of a challenge. Per the Uniform System of Accounts for the Lodging Industry, an account entitled "Provision for Doubtful Accounts" has been established in the Administrative and General Department of a hotel operating statement. Each month, hotel managers estimate the portion of their property's receivables that they do not believe will be collectible. The Provision for Doubt...

Is Trump Organization Slowdown a Confirmation of STR’s Lower Occupancy Projections?

Tucker Johnson | February 18, 2019

By Tucker Johnson On February 12th, the Wall Street Journal published an article titled Slowing Hotel Growth Could be Worst in 10 Years. This headline was based on an STR (formerly Smith Travel Research) forecast suggesting that supply was overbuilt and hotel occupancy would level off, then decline over the next two years. On February 14th the Washington Post published an article titled Trump's Company Officially Halts Hotel Expansion. The Trump Organization cited the 'political climate' as their reason for scrapping their new American IDEA Hotels and Scion brands. As someone who follows hotel news closely this seemed like strange timin...

Marriott’s Sorenson, STR’s Smith Inducted into U.S. Travel Hall of Leaders

U.S. Travel Association | November 16, 2017

The pair join 94 previous recipients of the travel industry's highest honor WASHINGTON (November 16, 2017)—Arne Sorenson, president and CEO of Marriott International, and Randy Smith, co-founder and chairman of data and analytics firm STR, were inducted into the U.S. Travel Hall of Leaders Tuesday night. Inclusion in the Hall of Leaders, widely regarded as the highest honor in the travel industry, is bestowed to recipients by the U.S. Travel Association for "sustained, noteworthy contributions that have positively impacted the travel industry, stimulated greater achievement and raised industry-wide standards." "...

International Society of Hospitality Consultants Launches 2018 Capital Expenditure Data Survey

ISHC | June 12, 2017

ISHC Begins Data Collection, Seeks Additional Industry Participation (June 12, 2017): The International Society of Hospitality Consultants (ISHC), in partnership with the Hospitality Asset Managers Association (HAMA), today announced that the organizations have begun preliminary research for the 2018 CapEx Data Survey, placing an open call to all U.S. hotel owners, management companies and asset managers to participate by July 31, 2017. The data collected will be presented in the upcoming 5th edition of "ISHC CapEx – A Study of Capital Expenditures in the Hotel Industry". STR, the leading industry provider of global data benchmar...

STR Reports Rio Hotels Saw Larger Olympic Boost than London and Bejing

STR | October 11, 2016

During the month of August, Rio de Janeiro hotels posted a 199.2% surge in average daily rate (ADR) to BRL1,250.26. That rate spike, coupled with a 26.6% increase in occupancy to 76.0%, led to a 278.6% increase in revenue per available room (RevPAR) to BRL949.84. Rio de Janeiro's hotel industry saw a substantially larger impact as host of the 2016 Summer Olympics than London in 2012 and Beijing in 2008, according to data from STR. During the month of August, Rio de Janeiro hotels posted a 199.2% surge in average daily rate (ADR) to BRL1,250.26. That rate spike, coupled with a 26.6% increase in occupancy to 76.0%, led to a 278.6% increas...

Canadian Lodging Outlook 2016 – Q2

HVS | August 9, 2016

STR and HVS are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (Occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further information, please contact: info@str.com or +1 (615) 824-8664 ext. 3504. ...

U.S. Hoteliers on Alert After First Quarter Occupancy Decline

CBRE Group, Inc. | June 6, 2016

U.S. Lodging Market Forecast To Grow, But At Slower Pace Atlanta – June 6, 2016 – The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline in occupancy since the fourth quarter of 2009 according to STR. Based upon the recently released June 2016 edition of Hotel Horizons®, the annual occupancy rate for U.S. hotels is forecast to decline in both 2016 and 2017, the result of supply increases outpacing growth in demand. U.S. occupancy levels will persist above the 65 percent mark, thus providing pricing leverage for hotel operators. For 2016...