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177. STR Reports July 2014 Hotel Pipeline for Asia Pacific and Central/South America
According to the July 2014 STR Global Construction Pipeline Report, the Asia Pacific region reported 2,340 hotels Under Contract comprising 524,067 rooms. The Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.
178. Olympic Games to Impact Tokyo Hotel Market in 2020
The Olympic Games in 2020 will be held in Tokyo, Japan, and while an event of such magnitude poses real challenges, the event is likely to have a very positive impact on the Tokyo hotel market. STR Global has been monitoring hotel performance for the Olympic host cities since Atlanta hosted the Olympic Games in 1996, and the forthcoming 2016 summer Olympics in Rio de Janeiro will b
179. RevPAR Increases for Hotels in China
According to STR Global, the performance of the Chinese market shows continued year-on-year growth in RevPAR for the first four months of 2011 with a 7.7% increase to CNY462. All cities but Suzhou reported RevPAR increases.
180. STR Updates 2011, 2012 Forecasts
The U.S. hotel industry is expected to end 2011 with a 4% occupancy increase to 59.9%, a 3.6% increase in ADR to US$101.58, and a 7.7% increase in RevPAR to US$60.81. Supply in 2011 is forecasted to rise slightly (0.7%) and demand is expected to end the year with a 4.7% increase.
181. 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
182. 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.
183. U.S. Hotel Industry Profit Margin Surpasses 2007 Peak
Results of STRs 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
184. 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%

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