More than two-thirds of STR-defined U.S. hotel markets outperformed their 2019 comparables over the four weeks ending 9 April 2022.
New Orleans hotel market scores big from Final Four Tournament
This year’s NCAA men’s basketball Final Four championship held in New Orleans over the first weekend in April was an exceptional windfall to area hotels.
U.S. hotel results for week ending 9 April
U.S. hotel performance increased from the previous week.
Berlin hotel performance improved in March
Berlin’s hotel industry reported month-over-month performance improvement.
Expo 2020 drove Dubai hotel occupancy above 90%
Driven by the final weeks of Expo 2020, Dubai’s hotel industry reported its first month of 90% or better occupancy since 2007.
U.S. hotel results for week ending 2 April
Reflecting continued seasonal slowing in spring break travel, U.S. hotel performance fell slightly from the previous week.
South America hotel profitability still slumping
Key hotel markets in South America are still struggling to regain profitability due to inflation, pandemic-driven gaps in travel, and lessened impact from events.
Australian Grand Prix lifting Melbourne hotel bookings to 29-month high
As of 4 April, the Thursday-Sunday (7-10 April) average in the market is 89% with a peak of 94% on Saturday night.
U.S. hotel profitability back on the rise after Omicron-induced dip
After falling to roughly US$20.00 in January, gross operating profit for U.S. hotels reached highest level in the metric since October 2021.
U.S. hotel results for week ending 26 March
With lower Spring Break travel volume, U.S. hotel performance dipped slightly from the previous week.
