Chris Klauda
Chris Klauda is senior director of STR Market Insights.
Inside the Current Pipeline: Chains Represent 80 Percent of U.S. Hotel Construction
Over the past decade, the room inventory of U.S. hotel chains has grown more rapidly than that of independent hotels. Current trends indicate this growth will continue as 80.7 percent of rooms currently under...
New Supply vs. Conversions: A Tale of Two Development Approaches
While the pandemic and more recent macroeconomic conditions have slowed U.S. construction activity, the overall hotel pipeline in 2023 isn’t that far off from 2019. Today there are 633,000 rooms in that pipeline compared...
Chains Versus Independents: The Segments Have Experienced Similar Recovery, But Different Supply Impacts
The booming industry recovery has touched chains and independent hotels alike, but the role of supply growth in that recovery has varied across the two segments.
After a 2022 that produced just a 1.8 percent...
The Year of Recovery in Review: Nearly All Markets Approached, Matched, or Exceeded Pre-Pandemic...
Considering an Omicron start to the year, the rise of inflation, and concerns around a recession ahead, it is remarkable that the U.S. hotel industry wrapped up 2022 with RevPAR almost fully recovered in...
The Great COVID Do-Over? Looking for a Silver Lining in Dismal Group and Transient...
Since COVID-19 struck in March of this year, group and transient demand has plummeted, taking both ADR and RevPAR with it. At the low watermark in April 2020, both transient and group demand dropped...