STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.
STR, TE lift U.S. ADR and RevPAR forecast; profit growth to be limited
STR and Tourism Economics upgraded the 2023 U.S. hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.
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.
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.
U.S. hotel results for week ending 18 February
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 February.
Baird/STR Hotel stock index jumped 16.4% in January
The Baird/STR Hotel Stock Index jumped 16.4% in January to a level of 5,685.
U.S. hotel results for week ending 11 February
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 11 February.
Amsterdam hotels showed typical seasonal slowing in January
In its first January without restrictions since 2020, Amsterdam hotel performance showed a typical season slowing from the months prior, according to preliminary January 2023 data from STR.
U.S. hotel results for week ending 4 February
U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February.
