Further supporting recovery around the region, a majority of Asia Pacific’s key hotel markets surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR‘s March 2023 P&L data release.
U.S. hotel TRevPAR highest on record in March
U.S. hotel total revenue per available room (TRevPAR) was the highest for any month on record, according to STR‘s March 2023 P&L data release.
Canada hotel occupancy reached five-month high in March
Canada’s hotel occupancy was its highest since October 2022, according to STR‘s March 2023 data.
Melbourne hotel occupancy reached 36-month high in March
Melbourne’s hotel occupancy was its highest for any month since February 2020, according to preliminary March data from STR.
Baird/STR Hotel Stock Index down 3.4% in March
The Baird/STR Hotel Stock Index dropped 3.4% in March to a level of 5,355.
Bogotá hotel industry reported highest RevPAR on record in March
Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record according to preliminary March 2023 data from STR.
U.S. hotel results for week ending 11 March
Helped by the onset of spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 March.
U.S. hotel results for week ending 4 March
U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 March.
