hotel industry The COVID-19 pandemic caused unprecedented challenges to the hotel industry across the globe. In the United States, this can be seen in the significant decreases in the industry’s key performance metrics. For one, the occupancy rate of hotels in the U.S. reflected its ...
Hotel occupancy rate is a key performance indicator in the hotel industry. It shows the percentage of a hotel that is occupied, or in this case an average percentage of many hotels’ occupancy within a region. Other useful KPI’s that are used in the lodging industry are the average daily...
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 ...
STR: US Hotel Occupancy Nears 70% in June's First Full Week US Performance U.S. hotel performance bounced back from its Memorial Day holiday lull with occupancy of 69.4%, up 7.8 percentage points from the previous week but down 1.1 percentage points from the same week in 2022. Compared to...
In September, U.S. hotel occupancy dipped 28.2% to 48.3%, ADR decreased 24.9% to $99.12 and RevPAR dropped 46.1% to $47.87.
Since our last issue of Hospitality Directions US in November, we've seen two additional quarters of decline in hotel occupancies, for a total of four, but expect to see a gradual rebound the balance of this year and into next, off of easier comps. That said, we expect average daily ...
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Groups drive US business:Hotel occupancy in the U.S. recorded a four-week high, as per STR’s data through September 18. Occupancy: 63% (-11.6%) Average daily rate (ADR): US$131.04 (-2.6%) Revenue per available room (RevPAR): US$82.50 (-13.9%) ...
Hotel owners across the U.S. are expected to be told later Monday they should be able to “aggressively” raise room prices this year, with one consultancy already forecasting the national average room rate to rise 5.4 percent. One of the lodging industry’s most prominent forecasters is expe...
NEW YORK - Sale of Hudson Valley Hotel Dev Site NEW YORK – Sells Bronx Opportunity Zone Devsite PORTLAND - Stevens Tract Land Offering PORTLAND - Changing Skyline Report SAN DIEGO - La Jolla Village Retail Sale SAN DIEGO - San Marcos Office Sale Cushman & Wakefield to Acquire Multifamily Pr...