Total U.S. hotel revenues, profits and labor costs reached an all-time high, according to STR‘s P&L data for 2022. With more supply in the market, the key profitability metrics each came in lower than their pre-pandemic comparable on a per-available-room basis.
U.S. hotel results for week ending 28 January
U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January.
STR, TE make modest upgrade to first U.S. hotel forecast of 2023
STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast just released at the Americas Lodging Investment Summit (ALIS). Additionally, a subsequent downward adjustment was made for 2024.
Canada hotels achieved record-high ADR and RevPAR in 2022
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to STR‘s 2022 data.
Most global regions showed full RevPAR recovery in 2022
Among the global regions, Asia saw the only decline in revenue per available room (RevPAR) from 2019, according to 2022 data from STR.
Hotel pipeline activity down around the world, except in Middle East and Africa
Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the fourth quarter, according to December 2022 data from STR.
U.S. hotel construction up year over year for first time since late 2020
After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR.
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.
Berlin hotel performance fell in November
Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.
Sydney hotels recorded highest performance of pandemic-era in November
Sydney’s hotel industry recorded its highest performance levels of the pandemic-era, according to preliminary November 2022 data from STR.
