Boutique Hotel News

MARCH 24, 2023

US: The 2023 edition of The Boutique Hotel Report, published by The Highland Group , reveals that rate increases have pushed most boutique hotels to full RevPAR recovery. The annual report covers the independent boutique, lifestyle hotel and soft brand collection segments in the United States.

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eHotelier

JUNE 15, 2023

London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR.

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eHotelier

MARCH 22, 2023

Aligned with historical trends for the market, Madrid’s hotel industry reported higher performance from the month prior, according to preliminary February 2023 data from STR.

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eHotelier

APRIL 13, 2023

Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record according to preliminary March 2023 data from STR.

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eHotelier

FEBRUARY 15, 2023

Bangkok’s hotel industry reported the second-highest monthly average daily rate (ADR) on record in the market, according to preliminary January 2023 data from STR.

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eHotelier

JANUARY 24, 2023

hotel industry reported average daily rate (ADR) and revenue per available room (RevPAR) that were the highest for any year on record, according to 2022 data from STR.

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Hotel Owner

MAY 9, 2023

CoStar Group, a provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, has launched STR Benchmarking, a “transformational” benchmarking platform for the global hotel industry. This software is built to evolve and scale with new data sets and property types.”

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Lodging Magazine

JANUARY 23, 2023

hotel industry reported average daily rate (ADR) and revenue per available room (RevPAR) that were the highest for any year on record, according to 2022 data from STR. Among the Top […] The post STR: 2022 U.S. HENDERSONVILLE, Tennessee—The U.S. Hotel Performance Percentage change from 2019: Occupancy: 62.7 percent (down 4.9

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eHotelier

OCTOBER 12, 2022

Berlin’s hotel industry reported improved occupancy and all-time highs in room rates and revenue per available room (RevPAR), according to preliminary September 2022 data from STR.

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Lodging Magazine

NOVEMBER 18, 2022

hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR’s latest data through November 12, 2022. percent) Among the Top 25 Markets, Norfolk/Virginia Beach reported the largest occupancy increase over 2019 (up 14.3 The post STR: Overall U.S. percent (up 0.9

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eHotelier

DECEMBER 14, 2022

Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.

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Hospitality Net

JUNE 14, 2023

Helped by the Arab League Summit, Jeddah’s hotel industry posted its highest monthly occupancy since August 2016, according to preliminary May 2023 data from STR.

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Serviced Apartments

AUGUST 4, 2023

US: A mid-year 2023 report from The Highland Group reveals that extended stay hotels have gained 3.2 All three extended stay hotel segments (economy, mid-price and upscale) are reporting record high room revenues both year to date and for Q2 2023. per cent increase STR reported for the overall hotel industry.

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Hotel Business

MAY 5, 2023

hotel performance showed mixed results from the previous week but remained up year-over-year, according to STR ‘s latest data through April 29. Of note, New York City (87.8%), Las Vegas (81.5%) and San Francisco (81.1%) were the only three markets to report occupancy above 80%. The post STR: U.S. to 75.6%). to $245.99).

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Finance & Development : Lodging Magazine

SEPTEMBER 18, 2023

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 3.6 percent in August to a level of 5,856. Hotel stocks pulled back and underperformed in August with Hotel REITs the laggards,” said Michael Bellisario, senior hotel research analyst and director at Baird. Percent in August appeared first on LODGING Magazine.

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Finance & Development : Lodging Magazine

SEPTEMBER 29, 2022

hotel performance increased from the previous week and showed improved comparisons with 2019, according to STR’s latest data through September 24, 2022. percent) Among the Top 25 Markets, Orlando reported the highest occupancy increase over 2019 (up 7.9 The post STR: U.S. HENDERSONVILLE, Tennessee—U.S. percent (down 1.5

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Lodging Magazine

MARCH 21, 2023

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 2.5 The global hotel brand stocks, while down slightly during the month, outperformed the S&P 500 on the heels of strong fourth-quarter earnings reports and guidance that matched […] The post Baird/STR Hotel Stock Index Fell 2.5

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Lodging Magazine

APRIL 6, 2023

At the beginning of the year, STR reported that revenues and profits reached highest-ever levels during 2022, and CBRE increased its hotel performance forecast to account for expected GDP growth during the coming year.

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Lodging Magazine

JANUARY 27, 2023

hotel performance came in slightly lower than the previous week, according to STR’s latest data through January 21, 2022. percent) Among the Top 25 Markets, Tampa reported the highest increase over 2019 in each of the three key […] The post STR: U.S. HENDERSONVILLE, Tennessee—With the Martin Luther King Jr.

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Lodging Magazine

JANUARY 20, 2023

hotel performance rose from the previous week and showed mixed comparisons against 2019, according to STR’s latest data through January 14, 2022. percent) While none of the Top 25 Markets reported an occupancy increase over 2019, Dallas came closest to its 2019 comparable (down 2.1 […] The post STR: U.S.

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Lodging Magazine

DECEMBER 9, 2022

hotel performance came in higher than the previous week but showed weakened comparisons to 2019, according to STR’s latest data through December 3, 2022. percent) Among the Top 25 Markets, New Orleans reported the only occupancy increase over 2019 (up 1.1 The post STR: Overall U.S. HENDERSONVILLE, Tennessee—U.S.

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Lodging Magazine

DECEMBER 1, 2022

hotel performance came in lower than the previous week and showed mixed comparisons to 2019, according to STR’s latest data through November 26, 2022. percent) Among the Top 25 Markets, Minneapolis reported the largest occupancy increase over 2019 (up 7.6 […]. The post STR: Thanksgiving Holiday Affects U.S.

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Hospitality Net

APRIL 11, 2023

as reported by the STR report. Magnuson Hotels announced a 77.83% growth in RevPAR since pre-pandemic (2019) for the Independent Collection. This represents a remarkable 10 times the USA industry average of 7.6%

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Hotel Business

MAY 19, 2023

Of note, New York City (83.7%) was the only major market to report occupancy above 80%. The steepest occupancy decline was reported in San Francisco/San Mateo (-9.2% Hotels in Miami reported the biggest declines in ADR (-14.2% The post STR: U.S. That level was up 3.9% to $221.88) and RevPAR (-20.9% to $153.71).

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Lodging Magazine

OCTOBER 27, 2022

hotel performance decreased slightly from the previous week but showed improved comparisons with 2019, according to STR’s latest data through October 22, 2022. percent) Among the Top 25 Markets, Tampa reported the largest increases over 2019 in occupancy (up 7.4 The post STR: U.S. HENDERSONVILLE, Tennessee—U.S.

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Lodging Magazine

FEBRUARY 3, 2023

hotel performance increased from the previous week, according to STR’s latest data for the week of Jan. Among the Top 25 Markets, Dallas reported […] The post STR: Weekly U.S. HENDERSONVILLE, Tennessee—U.S. 22-28, 2023. hotel occupancy for the week of Jan. 22-28, 2023, came in at 56.3 percent (0.3 percent over 2019).

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Hospitality Net

NOVEMBER 22, 2023

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook. Each report includes occupancy (Occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.

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Hospitality Net

FEBRUARY 28, 2024

As someone who is a huge fan of hotel data, I had long used STR’s resources (as well as others) to maximize revenue at the hotels where I was working. Since transitioning into education about 10 years ago, I seem to also work STR’s reports into many of my classes – they’re just so useful!

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Revenue Hub

FEBRUARY 22, 2024

Are you bound to your STR comp set? Instead, consider multi-faceted data and look beyond your STR report. Many new and renovated hotels look and feel more upscale than their official STR category. Who are your comp set properties? If so, you may be unnecessarily limiting your property.

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Lodging Magazine

OCTOBER 20, 2022

hotel performance increased from the previous week and produced mixed comparisons with 2019, according to STR’s latest data through October 15, 2022. percent) Among the Top 25 Markets, Tampa reported the largest increases over 2019 in each of the key performance metrics: occupancy (up 17.1 The post STR: U.S.

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SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. An STR report, also called a STAR report, can help you answer these questions and more. What does STR stand for within the hotel industry? Before we look at STR reports in more detail, what exactly does ‘STR’ stand for?

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Hotel Business

JANUARY 29, 2024

Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report. The post Report: Hotels will pay historic wages, generate record level of tax revenue in 2024 appeared first on hotelbusiness.com.

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Hotel Business

APRIL 7, 2023

hotel performance showed mixed comparisons from the previous week, according to STR ‘s latest data through April 1. to $133.50), while Phoenix reported the highest ADR increase over 2019 (+49.4% Las Vegas reported the highest RevPAR increase when measuring against 2019 (+49.8% The post STR: U.S. to $232.54). to $165.44).

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Hotel Business

JUNE 9, 2023

hotel performance decreased from the previous week, according to STR ‘s latest data through June 3. Boston reported the largest RevPAR increase (+18.6% The post STR: U.S. As expected with the Memorial Day holiday, U.S. Washington, DC, posted the only double-digit gain in ADR (+10.7% to $174.53). to $176.93) over 2022.

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Hotel Business

JUNE 23, 2023

hotel performance increased from the previous week, but year-over-year comparisons were mixed, according to STR ‘s latest data through June 17. Las Vegas reported the largest year-over-year RevPAR increase (+16.8% The post STR: U.S. Los Angeles posted the highest gain in ADR (+12.7% to $222.47), helped by the 123rd U.S.

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Hospitality Net

JUNE 14, 2023

London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR.

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Hotel Business

MARCH 17, 2023

hotel performance increased from the previous week, according to STR ‘s latest data through March 11. In terms of ADR, Anaheim reported the highest ADR (+51.4% to $61.99) reported the largest RevPAR decrease. The post STR: U.S. Helped by the onset of spring break travel, U.S. to 67.6%). to $245.62) and RevPAR (+42.2%

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