STR and Tourism Economics is projecting healthy RevPAR growth in 2016, and RevPAR will continue to be driven by room rate.
Airbnb claims growing share of London accommodations
STR Global’s analysis showed Airbnb’s inventory to vary by borough in London, and on average, rates for Airbnb units to be higher than those of hotels in London.
Hotel industry house profit reaches all-time high in 2014
Hotel industry revenue levels topped an estimated US$176 billion in 2014, which is nearly US$14 billion more than 2013, according to STR Analytics’ 2015 Hotel Operating Statistics (HOST) Almanac.
$27.8b in U.S. hotel acquisitions and developments in 2014
During the year, $18.5 billion in hotels changed hands while another $9.3 billion in new hotel projects opened their doors.
