STR: U.S. hotel performance declines in last week of June
U.S. HOTEL PERFORMANCE experienced a decline in the last week of June from the previous week, according to STR. However, year-over-year comparisons showed signs...
STR: U.S. hotels’ May GOPPAR declines from previous month
GOPPAR FOR U.S. hotels declined compared to the previous month, primarily due to weak revenue growth coupled with substantial labor costs, according to STR‘s...
Report: Extended-stay segments outshine hotel industry in May
EXTENDED-STAY HOTELS outperformed the overall industry in May, with all segments excelling, according to a report from consulting firm The Highland Group. Despite the...
STR: U.S. hotel performance stable in the third week of June, YOY comparisons vary
U.S. HOTEL PERFORMANCE remained largely stable from the previous week, with mixed year-over-year comparisons, according to STR.
In the week ending June 24, U.S. hotel...
STR: U.S. weekly hotel occupancy nears 71 percent despite year-over-year decline
U.S. hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR‘s latest data through June 17.
During the week ending...
STR: U.S. hotels see mixed performance for week ending June 10
U.S. HOTEL PERFORMANCE experienced a significant increase compared to the previous week, according to STR‘s latest data. However, year-over-year comparisons yielded mixed results.
For the...
Baird/STR Hotel Stock Index falls 2.6 percent in May
THE BAIRD/STR Hotel Stock Index experienced a 2.6 percent decline in May, bringing it down to a level of 5,287, according to STR.
“Hotel stocks...
STR, TE update RevPAR and ADR forecast for 2023
STR and Tourism Economics updated their 2023 U.S. hotel forecast this week. While top-line performance is expected to advance, growing operating expenses are projected...
STR: U.S. hotel performance declines in Memorial Day holiday week
AS ANTICIPATED WITH the Memorial Day holiday, U.S. hotel performance exhibited a decline from the previous week, according to STR. Occupancy and RevPAR also...
CBRE raises RevPAR forecast to $97.89 in 2023, up 6 percent year over year
DRIVEN BY STRONGER-than-expected demand and moderate supply, CBRE has raised its forecast for hotel performance again this year, resulting in increased occupancy. CBRE revised its...