Business travel is back: STR
Leisure markets continue to lead recovery in the hospitality business, but business travel is also back, finds new data from hospitality data analytics firm STR Inc.
Browsing Tag
STR
Abu Dhabi and Dubai hotels top 2019 Eid performance
Abu Dhabi and Dubai hotels recorded occupancy and average daily rate (ADR) that exceeded the 2019 Eid al-Fitr comparables, according to preliminary data from STR
India’s hotels on recovery track
India’s hotel industry eclipsed pre-pandemic comparables in occupancy and average daily rate (ADR) for three consecutive days during the second week of April
Hotel development in Middle East remains robust
Despite the pandemic headwinds that the global hospitality industry has had to contend with, new hotel development in prime spots in Saudi Arabia, Qatar, Oman and the UAE remains substantial
Middle East hotels log in 85% RevPAR of pre-pandemic levels, highest globally
The Middle East hotel industry reports revenue per available room (RevPAR) reaching 85.6% of the pre-pandemic comparable, the highest among the global regions according to year-end 2021 data…
Abu Dhabi hotels witness record occupancy in June
Abu Dhabi’s hotel industry has reported its highest occupancy since the start of the pandemic, according to preliminary June 2021 data from STR
Saudi Arabia tops world in projected hotel supply growth
Saudi Arabia’s hospitality sector is the fastest growing among the 50 most populated countries in the world, reporting 73,057 rooms across the three phases of the hotel pipeline, and…
Check this out! WTTC unveils interactive COVID-19 travel demand recovery dashboard
A new in-depth data dashboard works across flights and hotels, as well as revealing the shifting intentions of travellers through online travel searches
China’s hospitality sector growth curve shows signs of recovery
China’s hotel industry in on the recovery mode. Revenue per available room (RevPAR) in the country reached heights not seen since January during the week of 18-25 May. This was revealed…
Hotels on road to recovery in China
There has been a noticeable growth in revenue per available room (RevPAR) over the past few weeks in China as the country starts to recover from the coronavirus outbreak. This was…
STR monitors rise in China hotel booking
STR reports hotel occupancy in China reached 40% from 6-10 May due to the partial resumption of business travel. In Beijing, occupancy increased after the government eased restrictions…
APAC hotels hit rock bottom
Hotels across the Asia Pacific reported all-time lows in three key performance metrics during March, according to data from STR.
Based on US dollar constant currency comparing March…
MEA hotels post negative performance in March
Showing the impact of the Covid-19 pandemic, hotels in the Middle East and Africa reported steep declines across the three key performance metrics in March, according to data from STR.…
China’s hotel industry data show early signs of recovery
Mainland China’s daily hotel occupancy reached an absolute level of 31.8% on 28 March, up from a low of 7.4% during the first week of February, according to preliminary data from STR.…
“75% of the rooms around the country are empty”
Due to the ongoing effects of the COVID-19 pandemic the US hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 29 March…
The impact of COVID-19 on hotel occupancy in APAC
Reflecting the effects of the COVID-19 pandemic, hotels in the Asia Pacific region reported a significant decline in occupancy but fairly steady room rates during February 2020, according to…
Global chains lead Europe in hotel net unit growth
Accor’s portfolio of brands led Europe in hotel room Net Unit Growth (NUG) in 2019, while Oyo Hotels & Homes posted the highest growth for an individual brand, according to STR.…
A mixed bag for hotel performance in the Middle East
According to new data from, from STR, hotels in the Middle East reported mixed January 2020 performance results, while hotels in Africa posted positive results across the three key…
Sustainable travel and climate change on mind of tourists
Findings of a survey conducted by STR's Tourism Consumer Insights team revealed the importance of sustainable tourism as well as the impact of climate change on traveller perception.…
China hotel performance could recover quickly: STR
Amid the current outbreak of coronavirus (COVID-19), leading market research firm STR analysed historical data for China and found that the country’s hotel performance recovered quickly…
Barcelona hotel bookings drop after Mobile World Congress cancellation
Business on the books has dropped roughly 25% in select Barcelona hotels since the announced cancellation of the Mobile World Congress, according to preliminary data from Forward STAR,…
Berlin hotels post record-breaking year
Berlin’s hotel industry reached its highest levels in occupancy and revenue per available room (RevPAR) despite the uncertainty around an economic recession, according to 2019 data from…
STR: The initial impact of coronavirus on hotel occupancy in China during CNY
Industry analytics firm STR has released data measuring the initial impact of novel coronavirus (2019-nCoV) on hotel occupancy in Mainland China over the Chinese New Year period, 14-26…
US hospitality: “Revenue growth is not keeping up with rising costs”
The US hotel industry registered record-breaking performance levels during 2019 but its lowest growth rate in revenue per available room (RevPAR) since the current cycle began in 2010,…
China’s hotel markets remain strong amidst US trade war
Global analytics and benchmarking company STR has reported that China's hotel markets are projected to grow in 2020 despite a challenging macroeconomic environment.
Millennium Hotels and Resorts to grow its Saudi Arabia footprint
Millennium Hotels & Resorts has revealed development plans for Saudi Arabia with a goal of operating 25 hotels kingdom-wide by 2025.
Preferred Hotels announces first Independent Hotel Day
Preferred Hotels & Resorts declared 22 October as Independent Hotel Day to celebrate and raise awareness of authentic and unique hotels around the world. This global movement…
German hotel markets to see higher RevPAR in 2020
Ahead of this week’s EXPO REAL trade fair, STR has conducted an analysis of the correlation of growth in Germany’s GDP and hotel revenue per available room (RevPAR). Furthermore, forecasts…
CoStar Group to acquire STR
CoStar Group, a provider of commercial real estate information and analytics, has entered into an agreement to acquire STR, a leader in data benchmarking, analytics and marketplace…
African hotels’ RevPAR up for 87 consecutive months
Revenue per available room (RevPAR), the key hotel industry performance metric, has grown for 87 consecutive months amid a period of low supply growth and strong demand, according to…
Hurricane Dorian takes its toll on Florida hotel demand
Most key hotel markets in Florida, especially those in coastal areas, saw significant demand declines as Hurricane Dorian threatened the south eastern seaboard, according to an analysis…
Hong Kong hotels witness all-time low occupancy
Hotels in Hong Kong are witnessing all-time low occupancy levels as ongoing protests continue to cripple the territory’s tourism economy. This was revealed by STR’s preliminary August…
Dubai hotels witness rise in demand but fall in revenue
Hotels in Dubai witnessed significant growth in demand (room nights sold) in August but performance levels remained low due to pressure from increased supply. This was revealed by STR…
US hotel occupancy rose 70.1% in August
The US hotel industry reported positive year-over-year results in the three key performance metrics during the week of 18-24 August 2019, according to data from STR.
According to the…
Hong Kong occupancy rates dip 4%
Hotels in the Asia Pacific region reported mostly negative results across the three key performance metrics during July 2019, according to data from STR. The average occupancy across the…
US hotel growth predictions down: “Driving profit is a real challenge for many properties”
Performance growth projections for the U.S. hotel industry have been downgraded to 1.6% for 2019 and 1.1% for 2020, according to STR and Tourism Economics’ latest forecast just released at…
Hotel construction in Europe up 52% in July
Europe’s hospitality industry has reported positive results with an ever-increasing number of hotels being constructed this year, according to the latest data from STR. The company’s…
Sporting fixtures bring 6% boost to London’s hotels while provinces feel the squeeze
On the back of both major sporting fixtures, London’s hotels have witnessed an average room rate rise. Revenue per available room (RevPAR) in London’s hotels rose 6% in Q2 2019 with…
Hotel Data Conference sold out for sixth year in a row
The 11th annual Hotel Data Conference (HDC), presented by Rainmaker, has reached capacity status with a record 725 registered attendees for the event on 14-16 August at the JW Marriott…
APAC hotel performance shows ‘negative’ results for Q2 2019
According to new data, hotel performance in APAC shows negative results across the three key performance metrics during the second quarter of 2019.
No room for growth: US hotel occupancy falls to 73.5%
The US hotel industry reported mostly negative results in the three key performance metrics during June 2019, according to data from STR. In a year-on-year comparison with June 2018, the…
‘The perfect storm’: Phuket’s soaring hotel supply vs declining tourism demand
With a strong hotel pipeline and a declining tourism demand, one of Asia's leading resort destinations Phuket looks set to weather a perfect storm.
STR: US hotel construction up 10% in April
STR, a data provider for the global hospitality sector, has reported that pipeline data for the US showed 1,575 hotel projects accounting for 203,890 rooms in construction as of April 2019.
Accor and Marriott dominate in ME
Industry analyst STR has revealed that the Accor and Marriott International brands have the highest number of rooms in the hospitality market in the Middle East.
STR: Kuala Lumpur’s hotel industry “off to a rough start”
STR has reported that Kuala Lumpur’s early 2019 performance levels and profitability fundamentals produced an unfavourable short- to mid-term outlook.
Invisible walls: US gov’t shutdown cripples travel industry
It is Day 32 of the shutdown and the travel industry is feeling the impact. If the UK is battling Brexit, the US is dealing with the disagreement between President Donald Trump and the US…
NFL affects hotel market: Chargers’ move to Los Angeles causes 19.5% decline in revenues
Since the early years of the National Football League (NFL), teams had to move cities in order to survive financial instability. These moves influence hotel markets and it shows in data…
U.S. hotel industry posts record year in 2017
According to data from STR, the U.S. hotel industry has broken records with high-performance levels in 2017, setting a good pace for hoteliers this year.
Indonesian hotel occupancy surges to five-year high
Indonesia's hotel sector experienced a surge in occupancy last month, reaching its highest July level since 2012.
According to the latest data from STR, the country's hotel rooms were…
Hong Kong hotel occupancy hits 89%
Hong Kong's hotel industry continues to thrive, as it recovers strongly from a relatively poor year in 2016.
According to the latest monthly data from STR, the city recorded an…
Vietnamese hotel occupancy hits 10-year high
Vietnam's hotel industry is booming, with rising tourist numbers pushing nationwide occupancy to its highest level in a decade.
According to the latest data from STR, Vietnam's hotel…
High-end hotels dominate Asian development
Hotel development in the Asia Pacific region is accelerating, according to STR's latest pipeline report.
In total there are now 270,976 rooms under construction in the region, which…
Singapore hotel rates decline for fifth straight month
Hotel rates in Singapore fell 2.5% year-on-year in June, marking the fifth consecutive month they have declined.
According to latest preliminary data from STR, last month's drop took…
Korean hotels hit by Chinese tourism decline
Occupancy and rates at hotels in South Korea are declining sharply, as the country struggles to cope with the decline in Chinese visitor arrivals.
Inbound tourism to South Korea has…
Indian hotel sector on the rise
India's hotel sector performed strongly in May 2017, with rate and occupancy growth leading to a sharp rise in revenue per available room (revPAR).
According to the latest monthly data…
Google searches correlate with hotel demand – study
Higher Google search volumes have been found to "strongly correlate" with increased demand for hotel rooms, according to a report by STR and Google.
The two companies studied the…
Half of Asia’s new hotel rooms to rise in China
More than half of the hotel rooms currently under construction in Asia Pacific are located in China.
According to the latest regional pipeline report from STR, there are now 1,189…
Strong demand drives Hong Kong hotel sector
Hong Kong's hotel industry experienced rising rates and occupancy in May 2017, driven by strong demand from travellers.
According to the latest data from STR, demand for accommodation in…
European hotel pipeline contracts in March
STR’s March 2017 Pipeline Report shows 162,732 rooms in 1,035 hotel projects Under Contract in Europe.
The total represents a 0.7% decrease in rooms Under Contract compared with March…
500,000 new hotel rooms to open in Asia Pacific
Asia Pacific's hotel room supply will swell in the coming years, with more than half a million new rooms in the pipeline across the region.
According to STR's latest development…
Adele boosts Sydney hotel sector
Sydney's hotel sector continued to perform strongly in March 2017, as Adele's Australian tour helped push citywide occupancy over the 90% mark.
According to the latest data from STR,…
London hotel sector reports strong gains in March
London’s hotel sector reported strong growth in March, with occupancy up 5.7% and the average daily rate (ADR) up 8%.
Based on daily data supplied by STR, London reported the following in…
Hong Kong hotel occupancy nears 90%
Hotel occupancy in Hong Kong pushed close to 90% in March 2017, as a series of events boosted demand for rooms in the city.
STR's latest data reveals that events such as Art Basel…
European hoteliers report improving performance in February
Hotels in Europe reported growth across the three key performance metrics in February 2017, according to data from STR.
Europe
Occupancy: +2.9% to 64.5%
Average daily rate (ADR):…
European hotel pipeline contracts in February
STR’s February 2017 Pipeline Report shows 161,656 rooms in 1,027 hotel projects Under Contract in Europe.
The total represents a 1.3% decrease in rooms Under Contract compared with…
Asia’s mega-populations drive hotel development
Asia's three most populous countries also now have the region's largest hotel development pipelines.
According to the latest monthly report from STR, there are now a combined total of…
London hotel sector on the rise
London’s hotel sector reported positive occupancy and rate growth in February, according to preliminary data for the month from STR.
Based on daily data from February, London reported the…
Singapore hotel rates tumble 8%
Singapore's average hotel rate declined sharply in February 2017, as a wave of more affordable rooms entered the market.
According to the latest preliminary monthly data from STR, the…
European hotel performance improves in January
Hotels in Europe reported growth across the three key performance metrics in January 2017, according to data from STR.
Key results:
Europe
Occupancy: +5.1% to 57.1%
Average daily…
Asian hotel development speeds up in 2017
The number of new hotel rooms under construction across the Asia Pacific region at the start of 2017 is significantly higher than it was at the beginning of last year, new data has…
European hotel pipeline contracts in January
New data from STR shows 163,648 rooms in 1,038 hotel projects Under Contract in Europe, representing a 2.2% decrease in rooms Under Contract compared with January 2016.
Under Contract…
Singapore hotels hit by weak demand
RevPAR at hotels in Singapore declined in January 2017, as weak demand failed to keep pace with rising room supply.
According to STR's preliminary monthly data for the Lion City, this…
Sterling decline sees rise in North American visitors to the UK
A study by STR and Tourism Economics indicates that the United Kingdom’s tourism and hospitality sectors have benefited from an increase in arrivals from North America, brought on by the…
Australian hotel rates hit record high
Hotels in Australia are cashing in on strong demand by raising room rates to record levels.
According to the latest data from STR, the country's average daily rate (ADR) reached…
Japanese hotel rates rise in 2016
Japan's hotel sector experienced a steady increase in ADR (average daily rate) last year.
According to the full-year data from STR, the country's ADR climbed 5.2% to JPY15,396…
Thailand hotels end year on a high
Thailand's hotel sector performed well in 2016, with occupancy reaching an average of 75% and room rates increasing.
According to the full-year data from STR, Thailand has recovered…
European hotel pipeline contracts in December
STR’s December 2016 Pipeline Report shows 155,434 rooms in 1,017 projects Under Contract in Europe. The total represents a 4.0% decrease in rooms Under Contract compared with December 2015.…
Airbnb still struggles to compete with hotels
Occupancy at Airbnb properties follows the same trends as the hotel sector, with cities that experience high demand for hotel rooms also seeing high levels of Airbnb use. But overall,…
London hotel sector bounces back
STR’s preliminary December 2016 data for London, England, indicates significant demand growth and high occupancy levels.
Based on daily data from December, London reported the following…
Melbourne hotels exceed 80% occupancy
Melbourne's hotel sector continues to boom, with rates rising and occupancy in excess of 80%.
Publishing the city's preliminary results for December 2016, hotel analysts STR revealed…
Half a million hotel rooms to open across Asia
More than half a million new hotels will be introduced to the Asia Pacific region's inventory over the coming years.
In its pipeline report for December 2016, STR revealed that the…
Singapore hotel sector slides in December
Hotels in Singapore reported declining occupancy and rates in December 2016.
The latest preliminary data from STR shows that citywide occupancy fell 2.0% to 77.2% last month, which…
Chinese hotel rates fall despite rising demand
Mainland China's hotel industry posted a mixed set of results in November 2016, as performances varied across the country's different markets.
According to the latest data from STR,…
European hotel pipeline grows in November
Hotel industry analyst STR’s November 2016 Pipeline Report shows 156,368 rooms in 1,017 projects Under Contract in Europe.
The total represents a 13.3% increase in rooms Under Contract…
London hotel sector bounces back in November
Hotel industry analyst STR’s preliminary November 2016 data for London indicates strong demand growth and sharp performance increases.
Based on daily data from November, London reported…
Singapore hotels continue to suffer
Singapore’s hotel sector continued to see falling rates and occupancy in November 2016, continuing a string of poor monthly results.
Demand for rooms in the Lion City increased 2.2%…
Sri Lankan arrivals surge as hoteliers flock to country
International visitor arrivals to Sri Lanka have showed strong double-digit growth in 2016, and international hotel groups are now flocking to the island to capitalise on the rising…
Hong Kong hotel occupancy hits 90%
Hong Kong’s hotel sector experienced a strong performance in October 2016, registering occupancy in excess of 90% and an average daily rate (ADR) of more than US$200.
According to the…
Indian hotel occupancy sees rare decline
India's hotel sector reported a rare decline in occupancy in October 2016.
According to the latest data from STR, the country's hotels were 59.4% full last month, down 4.6%…
Sri Lankan hotel rates surge in 2016
Hotel rates in Sri Lanka have increased sharply in 2016, in tandem with a double-digit rise in visitor arrivals.
Ahead of the inaugural Asia Hotel & Tourism Investment Conference…
Shanghai leads Asian hotel pipeline
Shanghai has more new hotel rooms under development than any other Asia Pacific city.
According to the latest pipeline report from STR, there are now 37 hotels comprising 8,762 rooms…
Singapore hotel performance plunges on Zika fears
Singapore's hotel industry suffered a double-digit drop in terms of revPAR (revenue per available room) last month, as concerns over the Zika virus continued to dampen demand for travel.…
European hoteliers report strong Q3 performance
Hotels in Europe recorded positive Q3 2016 results when reported in euro constant currency, according to data from STR.
Europe’s results were positive when compared with September 2015.…
Maldives hotel sector sees double-digit revPAR drop
Hotels and resorts in the Maldives experienced a sharp decline in performance in the third quarter of 2016.
According to the latest data from STR, the island nation's occupancy fell…
London hotel sector reports strong ADR in September
STR’s preliminary data for London reveals the capital’s hotel sector recorded near-record average daily rate (ADR) in September.
Based on daily data, the capital reported the…
European hotel pipeline expands in September
STR’s September 2016 Pipeline Report shows 152,705 rooms in 1,016 projects Under Contract in Europe.
The total represents a 17.5% increase in rooms Under Contract compared…
Singapore revPAR down as F1 fails to jump-start hotels
apore's hotel sector experienced falling revPAR (revenue per available room) in September 2016, despite the hosting of the annual Formula One race.
According to preliminary monthly…
Upscale hotels drive Asian development
The expansion of the upscale hotel sector is driving inventory growth in the Asia Pacific region, new data has revealed.
In its pipeline report for September 2016, STR revealed that…
Declining fortunes for European hoteliers in August
Hotels in Europe recorded mostly negative results in the three key performance metrics when reported in euro constant currency, according to August 2016 data from STR.
Compared with August…
Occupancy boost for Delhi hotels
The hotel sector in Delhi experienced an upswing in performance in August 2016, driven by rising occupancy.
According to the latest data from STR, the Indian capital's average…
High-end hotels struggle in Japan
Japan's hotel sector suffered a slight decline in performance last month, as the country's high-end hotels struggled.
According to the latest data from STR, a nationwide 1.8% dip in…
MEA August 2016 hotel pipeline hits 854 mark
STR’s August 2016 Pipeline Report shows 156,460 rooms in 554 projects Under Contract in the Middle East and 56,846 rooms in 300 projects Under Contract in Africa.
Under Contract data…
Britain leads European hotel pipeline growth in August
STR’s August 2016 Pipeline Report shows 150,530 rooms in 1,055 projects Under Contract in Europe. The total represents a 15.7% increase in rooms Under Contract compared with August 2015.…
European hotel rates keep climbing
Hotel rates across Europe continued to rise in July, driven by countries in Eastern Europe.
According to the latest data from STR, the continent's average daily rate (ADR) was…
South Korean hotel sector rebounds strongly
Hotels in South Korea appear to have fully recovered from the downturn caused by the MERS outbreak in summer 2015.
According to the latest data from STR, South Korean hotel occupancy…
Indian revPAR jumps almost 10%
Hotels in India experienced rising rates, occupancy and revPAR (revenue per available room) in July 2016.
According to the latest data from STR, the country's occupancy climbed 6.4%…
London hotel sector reports marginal gains
STR’s preliminary July 2016 data for London indicates performance growth driven by rates. Based on daily data from July, London reported the following in year-over-year comparisons:…
Middle East hotel project total hits 552
There are 155,899 rooms across 552 hotel projects Under Contract in the Middle East, according to the July Pipeline Report compiled by STR.
This represents an 18.8% increase in rooms…
European hotel pipeline booms
STR’s July 2016 Pipeline Report shows 148,483 rooms in 966 projects Under Contract in Europe.
The total represents a 13.0% increase in rooms Under Contract compared with July 2015.…
Abu Dhabi hotels sacrifice room rates for occupancy
Abu Dhabi hotels sacrificed revenue for occupancy in June, dropping rates to get rooms filled.
That’s the upshot of STR’s preliminary July 2016 data for Abu Dhabi, which indicates…
Shanghai, Jakarta lead Asian hotel development
Shanghai and Jakarta have more new hotel rooms under construction than any other cities in the Asia Pacific region.
According to the latest data from STR, there are now 36 hotels…
Sustained low oil prices negatively impacting GCC hotel sector
Hotels in Gulf Cooperation Council (GCC) countries have experienced a downturn in performance and overall profitability that correlates with a decline in oil prices, according to new data…
Myanmar hotels struggle as supply outweighs demand
Hotels in Myanmar are suffering from low occupancy and declining rates, as an influx of new room supply impacts the country.
According to the latest data from STR, Myanmar's nationwide…
Middle East hotel sector performance slides again in Q2
Hotels in the Middle East reported negative results, while hotels in Africa reported mixed results in the three key performance metrics when reported in U.S. dollar constant currency,…
European hoteliers post positive Q2 results
Hotels in Europe recorded positive Q2 2016 results when reported in euro constant currency, according to data from STR.
Compared with the three key performance metrics from Q2 2015,…
More than 35,000 hotel rooms planned for KSA
Saudi Arabia has the most hotel rooms under construction in the Middle East and Africa, with more than 35,000 currently being built, according to hospitality industry analysts, STR. …
Asia Pacific hotel performance stable in first half of 2016
Hotels in the Asia Pacific region recorded a marginal increase in revPAR (revenue per available room) in the first half of 2016, as a small decline in rates was offset by rising…
KSA hotels report Ramadan revenue surge: STR
Makkah and Medina in Saudi Arabia were the only major hotel markets in the Middle East to experience increases in revenue per available room (RevPAR) during Ramadan 2016, according to data…
Middle East room pipeline up 23.5%: STR
More than 154,576 rooms across some 550 hotels are Under Contract in the Middle East, according to the latest report by STR.
This Under Contract total for June 2016 represents a 23.5%…
London hotel sector performance slides in June
STR’s preliminary June 2016 data for London indicates negative performance in comparison with a strong June 2015.
Based on daily data from June, London reported the following in…
European hotel pipeline booms in June
STR’s June 2016 Pipeline Report shows 143,825 rooms in 941 projects Under Contract in Europe.
The total represents a 10.1% increase in rooms Under Contract compared with June 2015 and a…
Middle East hotels gain during Ramadan: STR
An STR analysis of the first half of Ramadan 2016 indicates that Mecca, was the only major hotel market in the Middle East to experience an increase in revenue per available room…
Euro hotel sector reports positive results in May
The European hotel industry recorded mostly positive May 2016 results in the three key performance metrics when reported in euro constant currency, according to data from STR.
Compared…
Asia Pacific hotel performance dips
Hotels in the Asia Pacific region suffered a slight drop in revPAR (revenue per available room) in May 2016.
According to the latest data from STR Global, the region's revPAR slipped…
MEA witnesses an increase in rooms: STR
The recent STR’s Middle East and Africa’s May 2016 Pipeline Report shows 153,818 rooms in 546 hotels under contract in the Middle East and 56,413 rooms in 295 hotels under contract in…
European hotel pipeline expands in May
STR’s May 2016 Pipeline Report shows 145,299 rooms in 960 projects Under Contract in Europe.
The total represents a 9.0% increase in rooms Under Contract compared with May 2015 and a…
London hoteliers suffer occupancy decline in May
STR has released its preliminary May 2016 data for London, indicating negative occupancy performance.
Based on daily data for the month, London reported the following in year-over-year…
London hotel sector to post turnaround in 2017
The hotel industry in London is projected to experience continued performance declines through 2016, but positive results in 2017, according to a quarterly forecast report from STR and…
Euro hotel sector reports positive results in April
The European hotel industry recorded positive April 2016 results in the three key performance metrics when reported in euro constant currency, according to data from STR.
Compared with…
MENA Hospitality shows dipping stats: STR
Recent reports from STR on hotels in the Middle East reported negative results, while hotels in Africa reported mixed results for April 2016.
When compared with April 2015, the Middle…
Euro hotel pipeline expands in April
STR’s April 2016 Pipeline Report shows 145,707 rooms in 964 projects Under Contract in Europe.
The total represents a 5.5% increase in rooms Under Contract compared with April 2015 and an…
London hotel sector performance flat in April
STR’s preliminary April 2016 data for London indicates relatively flat year-on-year performance.
Based on daily data from April, London reported the following in year-on-year comparisons:…
The latest industry appointments
SHELDON HEE has been announced as Singapore Airlines' new general manager for the UK & Ireland. Hee has spent the last 18 years with SIA, including a spell as general manager for…
Indian hotels report rise in occupancy
Indian hotels have experienced a 5% year-on-year increase in occupancy this year, helped by a rise in corporate demand and domestic travel.
According to STR data, reported by the…
European hotel sector posts strong first quarter
The European hotel industry has reported a strong first quarter, with a 0.8% increase in occupancy to 61.1%, a 2.3% rise in average daily rate to EUR102.98 and a 3.1% lift in revenue per…
Mixed Q1 results for MENA hospitality players: STR
Hotels in the Middle East reported negative results, while hotels in Africa reported mixed results for three key performance metrics, according to Q1 2016 data from STR.
The figures…
Asian hotel revPAR edges higher in Q1
Hotels in the Asia Pacific region experienced a small increase in occupancy and revPAR in the first quarter of 2016, although rates remained flat.
According to the latest data from…
High-end hotels drive Asian development
The development of new upscale and luxury properties is driving the expansion of hotel supply in Asia Pacific, a new report has revealed.
According to data from STR, there are…
European hotel pipeline booms
STR’s March 2016 Pipeline Report shows 163,943 rooms in 1,131 projects are Under Contract in Europe.
The total represents a 17.9% increase in rooms Under Contract compared with March 2015…
Supply growth weighing on London’s hotel sector: STR
STR has released its March 2016 data for London, which shows negative year-over-year performance for the month.
Based on daily data from March, London reported the following in…
Dublin hoteliers reap 6 Nations benefits
Dublin’s hotel sector has capitalised on the influx of visitors to the city for the recent RBS 6 Nations final-round match, with the industry reporting the largest impact among the three…
Is Airbnb affecting hotels in Sydney? New report reveals the truth…
Airbnb’s presence in Sydney is growing, but it does not appear to be having a significant impact on the city’s hotel performance, a new report has revealed.
STR this week revealed the…
Euro hotel sector reports gains in February
The European hotel industry recorded positive results in February across the three key performance metrics when reported in euro constant currency, according to data from STR.
Compared…
European hotel pipeline expands in February
STR’s February 2016 Pipeline Report shows 163,826 rooms in 1,139 hotels Under Contract in Europe.
The total represents a 14.9% increase in rooms Under Contract compared with February 2015…
London hotel sector reports mixed February results
London’s hotel sector reported mixed results in February, according to the latest data from STR.
Based on daily data from February, London reported the following in year-over-year…
Airbnb has “no adverse effects” on hotels – report
An independent study into the impact of Airbnb on the hotel industry in Manhattan has shown that there is "no evidence" of the shared accommodation company having a negative impact on…
Middle East hotel figures slump in 2015
Hotels in the Middle East reported negative year-end 2015 results, while hotels in Africa recorded mostly positive results in the three key performance metrics, according to data from STR…
