Skip to content
Search

Latest Stories

STR: GOPPAR positive in July, first time since February

Occupancy continues to improve week over week

U.S. HOTEL OCCUPANCY crept above 50 percent in the week ending Aug. 15 and other signs continued to indicate a gradual rise toward recovery for the industry, according to STR’s deep dive into its data for the week. At the same time, hotel gross operating profit per available room also showed positive movement in July, according to STR’s fourth profit and loss analysis.

Occupancy reached 50.2 percent during the week, according to data STR previously released, down 30 percent from last year. ADR for the week finished at $101.41, down 23 percent year over year while RevPAR dropped 46.1 percent to $50.87.


There were 370,000 new COVID-19 cases during the week, said Jan Freitag, STR’s senior vice president of lodging insights, in a video deep dive of the data for the week.

“But you see that the rate of growth for new cases is actually stalling,” Freitag said. “The good news is that the RevPAR percent of change is also getting better week by week by week, it’s inching up.”

The extended-stay sector remains the “golden child’ of the industry, Freitag said.

“Even in the trough on the week ending April 11 the lower rate extended stay sold probably half their rooms,” he said. “Now that number stands at just under 73 percent. For total extended stay we’re selling two out of three rooms, certainly a very, very good performance.”

STR’s new forecast for the year, released last week during its 2020 Hotel Data Conference, is slightly worse, Freitag said. It projects a RevPAR decline of 52.3 percent but rebounding next year to an increase of 37.9 percent.

“This, of course, is a demand story. Demand we expect to be down minus 39 percent this year and up 30 percent again next year,” he said.

ADR is expected to be down 20.9 percent this year, due mostly to a lack of corporate travel especially in the last half of the year, and it will rise to just 5.6 percent growth next year, Freitag said.

“That implies that in [the third and fourth quarter] of next year we’re actually going to see the resurgence of corporate business travel and corporate group travel,” he said. “Let’s see if that holds.”

As he did the week before, Freitag discussed STR’s new methodology for measuring the nation’s room inventory, the Total Room Inventory, which includes rooms that are temporarily closed for the pandemic. According to the standard measure, average occupancy was 47 percent, but in the TRI measurement it was 44.6 percent, a 5.2 percent difference.

Freitag said the math of the model dictates that the difference between the two models must also equal the percent of rooms that were closed, 5.2 percent. Applying that per specific markets, the formula shows the same difference.

“In Oahu, we reported the monthly occupancy standard at 23.3 percent, but when you take into consideration all rooms the occupancy drops to 12.3 percent, implying that 47.5 percent of rooms are actually out of inventory, temporarily closed.”

In its P&L for July, STR reported GOPPAR reached $5.74, the first positive profit amount since February but still down 93.3 percent versus last year. TRevPAR was $60.04, a 74.1 percent decline from last year, while EBITDA PAR stood at negative $9.24, a 115.1 percent drop from last year. Labor costs was $28.46, 64.8 percent drop.

“As the industry inched closer to 50 percent occupancy, we saw continued incremental improvement in the subsequent profitability metrics,” said Raquel Ortiz, STR’s assistant director of financial performance. “We are of course nowhere near pre-pandemic levels, but there were additional encouraging signs in positive GOPPAR for full-service hotels and six major markets.”

More for you

Asian Hospitality unveils inaugural ‘Women of Color Power List’

Asian Hospitality unveils inaugural ‘Women of Color Power List’

Women of Color Power List 2025 Debuts at AAHOACON 2025

ASIAN MEDIA GROUP USA, publisher of Asian Hospitality magazine, launched the first-ever “Women of Color Power List 2025” at the 2025 AAHOA Convention & Trade Show in New Orleans, honoring 51 women reshaping the U.S. hospitality industry. The publication is the first to spotlight the achievements of women of color, recognizing their resilience, innovation, and leadership.

Asian Media Group Managing Editor Kalpesh Solanki, Executive Editor Shailesh Solanki, and Chief Operating Officer Aditya Solanki announced the list during the conference.

Keep ReadingShow less
AAHOALending.com લોન્ચ 2025

AAHOA, બ્રિજ AAHOALending.com લોન્ચ કરે છે

AAHOA અને બ્રિજે AAHOALending.com ને AAHOACON 2025 માં રજૂ કર્યું

AAHOA અને બ્રિજે AAHOALending.com લોન્ચ કર્યું, જે હોસ્પિટાલિટી પર કેન્દ્રિત ડિજિટલ ધિરાણ પ્લેટફોર્મ છે. તે AAHOA સભ્યોને 150 થી વધુ ધિરાણકર્તાઓની ઍક્સેસ પ્રદાન કરે છે, જેમાં વધુને વધુ લોકોને નિયમિતપણે ઉમેરવાની યોજના છે, આ પ્લેટફોર્મ વપરાશકર્તાઓને ધિરાણ વિકલ્પોની તુલના કરવાની, શ્રેષ્ઠ દરો અને સુરક્ષિત ભંડોળ શોધવાની મંજૂરી આપે છે.

કોફાઉન્ડર અને CEO રોહિત માથુરની આગેવાની હેઠળના બ્રિજને ક્લબ બ્લુ ઇન્ડસ્ટ્રી પાર્ટનર તરીકે નિયુક્ત કરવામાં આવ્યા છે, જે AAHOAના પ્રોગ્રામમાં સર્વોચ્ચ સ્તર છે, તેના 300 ભાગીદારોમાંથી માત્ર 12 જ લાયકાત ધરાવે છે, એમ બંનેએ સંયુક્ત નિવેદનમાં જણાવ્યું હતું.

Keep ReadingShow less
2025માં મંદીની સંભાવના 50 ટકા : HAMA સર્વે

2025માં મંદીની સંભાવના 50 ટકા : HAMA સર્વે

HAMA 2025 સર્વે: 49% મેનેજર્સ મંદીની આશંકા ધરાવે છે

હોસ્પિટાલિટી એસેટ મેનેજર્સ એસોસિએશનના સ્પ્રિંગ 2025 ઇન્ડસ્ટ્રી આઉટલુક સર્વેક્ષણમાં અંદાજે 49 ટકા ઉત્તરદાતાઓ 2025 માં અમેરિકામાં મંદીની અપેક્ષા રાખે છે, જે 2024ના પાનખર સર્વેક્ષણમાં 19 ટકાથી વધુ છે. ટોચની ત્રણ ચિંતાઓ માંગ, ટેરિફ અને DOGE કટ અને વેતનમાં વધારો વચ્ચેનો જોડાણ છે.

HAMA સર્વેક્ષણમાં જાણવા મળ્યું છે કે લગભગ 55 ટકા ઉત્તરદાતાઓએ તેમની વર્તમાન વ્યૂહરચનાના ભાગ રૂપે બ્રાન્ડ અથવા મેનેજમેન્ટ ફેરફારો કર્યા છે અથવા કરવાની યોજના બનાવી છે.

Keep ReadingShow less
AAHOA Bridge AAHOALending 2025

AAHOA, Bridge launch AAHOALending.com

AAHOA and Bridge Unveil AAHOALending.com at AAHOACON 2025

AAHOA AND BRIDGE launched AAHOALending.com, a digital lending platform focused on hospitality. It offers AAHOA members access to more than 150 lenders, with plans to add more regularly, while allowing users to compare financing options, find the best rates and secure funding.

Bridge, led by Cofounder and CEO Rohit Mathur, has been named a Club Blue Industry Partner, the highest level in AAHOA’s program, with only 12 of its 300 partners qualifying, the duo said in a joint statement.

Keep ReadingShow less
HWIC WHLA partnership 2025

HWIC joins WHLA to support industry women

HWIC Becomes WHLA’s 34th Member in 2025

THE HOSPITALITY WOMEN’S Innovation Council recently joined as the 34th member of the Women in Hospitality Leadership Alliance to support women and underserved communities across the industry. The council will encourage women to take part in the messaging, programs and initiatives shared by all WHLA groups.

WHLA was founded in 2021 as a consortium of organizations working to advance women in hospitality.

Keep ReadingShow less