Tag: market report
STR: Overall U.S. Weekly Hotel Performance Falls Slightly
U.S. Hotel PerformanceJanuary 29 through February 4, 2023Percentage change from comparable week in 2019Occupancy: 55.3 percent (down 7.3 percent)ADR: $145.35 (up 13.9 percent)RevPAR: $80.45...
STR: Phoenix RevPAR to Reach Second-Highest Super Bowl Weekend Level
HENDERSONVILLE, Tennessee—Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for February 10-12, which would be the second-highest level for a...
STR: Miami and Qatar Led Hotel Profit Recovery in 2022
LONDON—Miami and Qatar led the major global markets in hotel profit recovery for 2022, according to STR's full-year P&L data release.
Both markets’ gross operating...
A Brighter Outlook: CBRE Forecasts Enhanced RevPAR Growth in 2023 Despite Economic Headwinds
Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons forecast calls for a 5.9 percent RevPAR increase in...
STR: RevPAR Recovered in Most Regions During 2022
LONDON—Among the global regions, Asia saw the only decline in revenue per available room (RevPAR) from 2019, according to 2022 data from STR.
“While most...