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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: U.S. Hotel Results for Week Ending 18 June
STR | June 23, 2022
HENDERSONVILLE, Tennessee—U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR‘s latest data through 18 June. 12-18 June 2022 (percentage change from comparable week in 2019*): Occupancy: 71.8% (-4.8%) Average daily rate (ADR): US$155.02 (+14.9%) Revenue per available room (RevPAR): US$111.29 (+9.4%) The occupancy level was the highest of the pandemic-era thanks to the country’s highest weekly demand (28 million room nights sold) since August 2019. While occupancy was up, the occupancy comparison with 2019 softened slightly from the w...
STR: U.S. Hotel Performance for May 2022
STR | June 21, 2022
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed performance results from the previous month, according to May 2022 data from STR. May 2022 (percentage change from May 2019): Occupancy: 65.1% (-5.0%) Average daily rate (ADR): US$149.91 (+13.4%) Revenue per available room (RevPAR): US$97.53 (+7.7%) The country’s occupancy and RevPAR levels decreased slightly from April, while ADR remained relatively flat. Among the Top 25 Markets, New York City experienced the highest occupancy level (80.6%), which was down 9.7% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month inc...
Contrasting Fortunes for Tourism? What We Know and Don’t Know as Tourism Ramps Up
STR | June 17, 2022
Our consumer research findings discussed in recent blogs has uncovered contrasting fortunes for tourism and hospitality. On one hand, there’s evidence of strong demand for travel and improving sentiment as COVID concerns subside. Meanwhile, on the other hand, geopolitical, economic and other global issues are coming to the fore, which may act as barriers to travel. The overall picture remains unclear as we enter the peak summer season in the Northern Hemisphere. While global factors will continue to unfold, which will shape prospects for the travel industry in the coming weeks and months, lessons can be learned from existing be...
STR: Jeddah Hotels Reported Highest Performance Since September 2019
STR | June 17, 2022
LONDON—Jeddah’s hotel industry reported its highest performance levels since September 2019, according to preliminary May 2022 data from STR. Occupancy: 64.4% Average daily rate (ADR): SAR901.40 Revenue per available room (RevPAR): SAR580.62 While the highest since September 2019, each of the key performance levels came in lower than the pre-pandemic comparables from May 2019: occupancy (-6.4%), ADR (-29.4%) and RevPAR (-33.9%). All of STR’s COVID-19 analysis can be found here....
STR: Berlin Hotels Post Best Performance Since Late 2019
STR | June 17, 2022
LONDON—Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR. Occupancy: 77.9% Average daily rate (ADR): EUR114.19 Revenue per available room (RevPAR): EUR88.90 The absolute occupancy level was the highest in the market since November 2019 but still came in 6.7% lower than the pre-pandemic comparable (May 2019). The absolute ADR and RevPAR levels exceeded 2019 comparables and were the highest in the market since September 2019. All of STR’s COVID-19 analysis can be found here....
STR: U.S. Hotel Results for Week Ending 11 June
STR | June 17, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through 11 June. 5-11 June 2022 (percentage change from comparable week in 2019*): Occupancy: 70.6% (-4.1%) Average daily rate (ADR): US$155.37 (+15.4%) Revenue per available room (RevPAR): US$109.76 (+10.7%) In addition to the weekly RevPAR record, the ADR and occupancy levels were the second and third highest of the pandemic-era, respectively. In aggregate, the Top 25 Markets posted their highest metrics since th...
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. ...
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