Sydney WorldPride 2023 drove the market’s hotel average daily rate (ADR) and revenue per available room (RevPAR) above pre-pandemic levels, while occupancy remained slightly below 2019, according to preliminary data from STR.
It’s time to re-evaluate hotel performance metrics, says HVS
Hotel operators need to learn to manage the entire building they operate and start thinking of performance in terms of the total revenue or profit per available square meter, giving a more accurate assessment of the property’s success.
U.S. hotel results for week ending 25 February
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 25 February.Â
Canada hotel performance surpassed pre-pandemic levels in January
Canada’s hotel performance fell slightly from the previous month but surpassed the 2019 comparables, according to STR‘s January 2023 data.
Abu Dhabi’s hotel performance remained steady in January
Abu Dhabi’s hotel occupancy remained roughly 5 percentage points lower than pre-pandemic levels, while average daily rate (ADR) and revenue per available room (RevPAR) far exceeded recent comparables for the month, according to preliminary January 2023 data from STR.Â
U.S. hotel results for week ending 3 December
U.S. hotel performance came in higher than the previous week but showed weakened comparisons to 2019, according to STR‘s latest data through 3 December.Â
Berlin hotel performance fell in November
Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.
U.S. hotel results for week ending 26 November
Due to the Thanksgiving holiday, U.S. hotel performance came in lower than the previous week and showed mixed comparisons to 2019, according to STR‘s latest data through 26 November.Â
U.S. hotel results for week ending 19 November
U.S. hotel performance came in lower than the previous week and showed improved occupancy and revenue per available room (RevPAR) comparisons to 2019, according to STR‘s latest data through 19 November.Â
Baird/STR Hotel Stock Index jumped 15.8% in October
The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%.Â
