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January Sees Slight Growth in Industry

The U.S. hotel industry’s occupancy remained nearly flat in STR’s latest year-over-year results for January 2016, holding steady at 54 percent. However, the industry experienced slight growth: Average daily rate for January was up 2.8 percent, while revenue per available ...

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Hotels in Major Cities Suffer Holiday Slump

Hotel performance across the country wasn’t as merry as last year, according to STR. New York City in particular experienced a notable drop in occupancy, ADR, and RevPAR over the Christmas holiday. During the week of Dec. 20 to 26, ...

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STR’s Amanda Hite on Record-Setting Hotel Performance

STR’s Amanda Hite on Record-Setting Hotel Performance

Numbers don’t lie. Currently, they’re saying hotels are on a major tear, hitting all-time highs in occupancy and RevPAR. As president and COO of research firm STR, Amanda Hite has a front row seat to the industry’s current record-setting performance. ...

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U.S. Hotel Industry Surpasses 5 Million Rooms

The U.S. hotel industry has eclipsed 5 million available rooms for the first time, according to data from STR. The company’s June 2015 census shows 5,001,163 rooms in 53,554 properties nationwide. The industry plateaued at 4.5 million rooms in February ...

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ALIS: Don’t Worry, Be Happy with the Numbers

ALIS: Don’t Worry, Be Happy with the Numbers

The U.S. hotel industry experienced a record-breaking year in 2014, as occupancy rose 3.6 percent, average daily rate (ADR) increased 4.6 percent, and revenue per available room (RevPAR) went up 8.3 percent, STR data shows. With an increase of 4.5 ...

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Here’s What’s Driving Lodging’s Blockbuster Year

Here’s What’s Driving Lodging’s Blockbuster Year

There may not be a better time than right now to own and operate a hotel. That’s according to three industry analysts we asked to explain what’s driving lodging’s blockbuster year. SCOTT BERMAN U.S. Hospitality and Leisure Practice Leader, PricewaterhouseCoopers ...

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