Hotel brands are always striving to better understand the marketplace and trends to attract more travelers and increase occupancy rates. One way to do that is with the STR report. Since 1985, STR has provided benchmarking, insights and analytics to hotels across the globe. It’s one of the...
Canada's hotel occupancy rose 1.6% to 68.8% during the second quarter, and a 4.9% ADR increase to 163.56 Canadian dollars ($125.19) drove RevPAR up 6.7% to CA$112.52 ($86.12). By HNN Newswire July 27, 2018 | 5:47 P.M.HENDERSONVILLE, Tennessee—Canada’s hotel industry reported positi...
The U.S. hotel industry experienced positive results in the three key performance metrics during the week of 22-28 July 2012, according to data from STR. n year-over-year comparisons for the week, occupancy ended the week with a 3.3-percent increase to 75.1 percent, average daily ...
Berlin's hotel occupancy came in just below the pre-pandemic comparable from July 2019, according to preliminary July 2022 data from STR. *Occupancy: 78.6% *Average daily rate (ADR): EUR111.85 *Revenue per available room...
Market Report U.S. U.S. Hotel Industry Experiences Significant Growth, Boosted by Major Events and Hurricane Recovery Efforts The U.S. hotel sector enjoyed significant gains, with RevPAR growing by 9.3% year over year, primarily due to equal improvements in occupancy and average daily rate (AD...
Abu Dhabi hotel occupancy reached August high 11 September 2024 Preliminary Comments 0 WASHINGTON –11 September 2024 –Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record, according to preliminary data from CoStar. CoStar is a leading provider of online real...
U.S. hotel demand by chain scale, indexed below to 2019, reflects the lighter weekend occupancy seen across the industry Luxury, upper upscale, and upscale hotels reported month-over-month improvement in the demand indices. These are also the chain scales reporting the strongest supply growth, ...
When reading your STR report, you’ll see your performance is calculated as an index. Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. The index is calculated by dividing your KPI values by the average ...
The country’s 49.4% occupancy level in September 2021 was its highest of the pandemic-era but still down 18.9% from September 2019. “Hoteliers have relied almost entirely on domestic demand, which has led to strong performance in popular domestic vacation destinations outside of the major mark...
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