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- 177. STR Predicts U.S. Hotel Industry to Continue ADR, OR and RevPAR Growth in 2016
For the remainder of 2015, the U.S. hotel industry is predicted to report a 1.7% increase in occupancy to 65.5%, a 4.8% rise in ADR to US$120.46 and a 6.5% increase in RevPAR to US$78.90. During that same period, demand growth (+2.8%) is expected to outweigh supply growth (+1.1%). When looking at the Top 25 Markets, 22 are expected to experience RevPAR increases of 5.0% or higher f
- 178. London Hotels Report Strong ADR, RevPAR as London 2012 Gets Underway
According to STR Global, hoteliers across London reported 84.4% occupancy and £224.72 average room rates from 27 July until 29 July 2012. The London 2012 Olympic Games officially started Friday, 27 July 2012.
- 179. U.S. Hotel Industry Profit Margin Surpasses 2007 Peak
Results of STRís 25th annual HOST Almanac indicate that U.S. hotel industry revenue topped an estimated US$189 billion in 2015, adding nearly US$14 billion in revenue from 2014. Total industry-wide house profit reached almost US$73 billion, a year-on-year increase of 9.4% on a per available room basis. On an absolute nominal basis, the house profit represents an all time high, and
- 180. New York City Hotels Report 4.3% Drop in RevPAR for Q1 2015
According to data from STR, the New York, New York, hotel market reported negative results in each of the three key performance measurements for the first quarter of 2015. In year-on-year comparisons, occupancy in New York City decreased 0.2% to 75.2%; ADR fell 4.1% to US$204.18; and RevPAR dropped 4.3% to US$153.63. The decline in occupancy came as first-quarter room supply (+3.1%
- 181. Olympics Gives Hotels in London ADR and RevPAR Increases
According to STR Global, hotels in London reported increases in ADR and RevPAR during the 2012 Olympic Games, which officially started on 27 July 2012 and ended 12 August 2012. Hoteliers across London reported average occupancy of 88.5% and ADR of £212.22. This represents an increase of 4.8% and 86.1%, respectively, compared to the same days the year prior.
- 182. STR Reports Asia Pacific Hotel Results for May 2013
In May, the Asia Pacific regionís occupancy ended the month with a 1.3% decrease to 65.9%, ADR dropped 2.5% to US$119.69 while RevPAR was down 3.8% at US$78.82. Tokyo, Japan, rose 5.8% in occupancy to 85.4%, reporting the largest increase in that metric. Taipei, Taiwan (+16.0% to TWD6,248.09), and Jakarta, Indonesia (+13.7% to IDR1,056,378.88), achieved the largest ADR increases in
- 183. STR Forecasts Modest RevPAR Increases for US Hotels in 2012/13
Overall in 2012, the U.S. hotel industry's occupancy is expected to rise 0.5% to 60.4%, its average daily rate is projected to be up 3.8% to US$105.45 and its revenue per available room is planned to increase 4.3% to US$63.68.
- 184. What Impact is EURO 2012 Having on Hotels in Poland and Ukraine?
There is always a lot of interest in how hotels react to massive global events such as the Rugby World Cup, Olympics, and of course Euro 2012 currently ongoing in Poland and Ukraine. Data compiled by STR Global shows that looking back over the last two weeks hotels, across six cities in Poland and Ukraine, whilst benefiting from the influx of visitors on the night of a game, still
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