International Visitors Spent Nearly $20.1 Billion Traveling Within the United States in March
National Travel and Tourism Office (NTTO) | May 23rd, 2024
CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16th, 2024
STR: U.S. Hotel Results for Week Ending 25 June
STR | June 30, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance continued to climb with another weekly record established for revenue per available room (RevPAR) on a nominal basis, according to STR‘s latest data through 25 June. 19-25 June 2022 (percentage change from comparable week in 2019*): Occupancy: 72.3% (-4.1%) Average daily rate (ADR): US$157.05 (+17.1%) Revenue per available room (RevPAR): US$113.55 (+12.3%) The country’s occupancy level was the highest since August 2019, while ADR (nominal) was the highest since the week ending 1 January 2022. Among the Top 25 Markets, Dallas saw the largest occupancy increase ov...
STR: Canada Hotels Post Highest Rates Since September 2019
STR | June 27, 2022
HENDERSONVILLE, Tennessee—Canada’s monthly hotel performance improved from the previous month yet again, and room rates reached the highest level since September 2019, according to STR’s May 2022 data. May 2022 (percentage change from May 2019) Occupancy: 63.4% (-6.7%) Average daily rate (ADR): CAD171.37 (+2.8%) Revenue per available room (RevPAR): CAD108.67 (-4.1%) In addition to the highest ADR level since September 2019, the May RevPAR level was the country’s highest since October 2019 while occupancy was its highest since August 2021. “Overall, May was a strong month for Canada hotels, with many of the segme...
STR: U.S. Hotel Results for Week Ending 18 June
STR | June 23, 2022
HENDERSONVILLE, Tennessee—U.S. hotel revenue per available room (RevPAR) reached an all-time weekly high on a nominal and inflation-adjusted basis, according to STR‘s latest data through 18 June. 12-18 June 2022 (percentage change from comparable week in 2019*): Occupancy: 71.8% (-4.8%) Average daily rate (ADR): US$155.02 (+14.9%) Revenue per available room (RevPAR): US$111.29 (+9.4%) The occupancy level was the highest of the pandemic-era thanks to the country’s highest weekly demand (28 million room nights sold) since August 2019. While occupancy was up, the occupancy comparison with 2019 softened slightly from the w...
From Sea to Shining Sea: AAA Predicts 47.9 Million People Will Travel This July 4th
AAA | June 22, 2022
Car travel expected to set a new record despite the historically high gas prices ORLANDO, Fla. (Jun 22, 2022) – Summer travel is already in full swing and Independence Day will be no exception as AAA predicts 47.9 million people will travel 50 miles or more from home over the holiday weekend (June 30 – July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019. The biggest surprise – car travel – will set a new record despite historically high gas prices with 42 million people hitting the road. With crowded roads and busy airports, AAA wants to prepare travelers so they can have a stress-fr...
STR: U.S. Hotel Performance for May 2022
STR | June 21, 2022
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported mixed performance results from the previous month, according to May 2022 data from STR. May 2022 (percentage change from May 2019): Occupancy: 65.1% (-5.0%) Average daily rate (ADR): US$149.91 (+13.4%) Revenue per available room (RevPAR): US$97.53 (+7.7%) The country’s occupancy and RevPAR levels decreased slightly from April, while ADR remained relatively flat. Among the Top 25 Markets, New York City experienced the highest occupancy level (80.6%), which was down 9.7% from the market’s 2019 benchmark. Markets with the lowest occupancy for the month inc...
STR: Jeddah Hotels Reported Highest Performance Since September 2019
STR | June 17, 2022
LONDON—Jeddah’s hotel industry reported its highest performance levels since September 2019, according to preliminary May 2022 data from STR. Occupancy: 64.4% Average daily rate (ADR): SAR901.40 Revenue per available room (RevPAR): SAR580.62 While the highest since September 2019, each of the key performance levels came in lower than the pre-pandemic comparables from May 2019: occupancy (-6.4%), ADR (-29.4%) and RevPAR (-33.9%). All of STR’s COVID-19 analysis can be found here....
STR: Berlin Hotels Post Best Performance Since Late 2019
STR | June 17, 2022
LONDON—Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR. Occupancy: 77.9% Average daily rate (ADR): EUR114.19 Revenue per available room (RevPAR): EUR88.90 The absolute occupancy level was the highest in the market since November 2019 but still came in 6.7% lower than the pre-pandemic comparable (May 2019). The absolute ADR and RevPAR levels exceeded 2019 comparables and were the highest in the market since September 2019. All of STR’s COVID-19 analysis can be found here....
STR: U.S. Hotel Results for Week Ending 11 June
STR | June 17, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR‘s latest data through 11 June. 5-11 June 2022 (percentage change from comparable week in 2019*): Occupancy: 70.6% (-4.1%) Average daily rate (ADR): US$155.37 (+15.4%) Revenue per available room (RevPAR): US$109.76 (+10.7%) In addition to the weekly RevPAR record, the ADR and occupancy levels were the second and third highest of the pandemic-era, respectively. In aggregate, the Top 25 Markets posted their highest metrics since th...
ITA Data Release: April 2022 International Inbound Visitor Spending
International Trade Administration | June 17, 2022
Data recently released by the National Travel and Tourism Office (NTTO) show that in April 2022: International visitors spent $12.7 billion on travel to, and tourism-related activities within, the United States, an increase of 136 percent compared to April 2021. Americans spent $10.9 billion traveling abroad, yielding a balance of trade surplus of $1.8 billion for the month—the sixth consecutive month during which the United States enjoyed a balance of trade surplus for travel and tourism. For the first time since February 2020, 'Travel Receipts' accounted for more than half (54%) of total travel exports. April marked the h...
STR: Sydney’s Hotel Industry Showed Steady Occupancy Levels in May
STR | June 16, 2022
LONDON—Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR. Occupancy: 65.1% Average daily rate (ADR): AUD233.96 Revenue per available room (RevPAR): AUD152.32 When looking at daily data, Tuesday and Wednesday occupancy levels hovered between 65% and 75% and outperformed most Saturdays, which shows an increase in business demand. The highest daily occupancy level for the month (82.8%) came on 28 May, the first Saturday of Vivid Sydney 2022. The event also drove ADR to AUD305.18, which was up 10.7% from the Saturday prior. ...
Global Hotel Occupancy Surpasses 2019 Levels for the First Time Since the Pandemic Started
Amadeus’ Demand360 | June 16, 2022
• Global hotel occupancy levels for April and May 2022 have exceeded pre-pandemic levels. Amadeus’ unique forward-looking data shows global hotel bookings in June, July, and August 2022 are on par with 2019 with the potential to grow significantly. • Data reveals transient average daily rate achieved on room bookings globally has increased by 11% over 2019 with the majority of hotel bookings still being made within a week of travel. With two years of summer holidays lost to COVID-19 restrictions and uncertainty, there is huge pent-up demand for travel as we enter the 2022 summer season. It is expected to be the busiest since the p...
New Report From WTTC Analyzes Critical Factors for Hotel Investment Post Pandemic
World Travel & Tourism Council | June 15, 2022
SAN JUAN, PUERTO RICO (June 15, 2022): The World Travel & Tourism Council (WTTC) today publishes ‘Critical Factors to Attract Hotel Investment,’ a new report highlighting the importance of attracting capital investment to enable the Travel & Tourism sector’s full growth potential post COVID-19, following a 25% drop in 2020. The report, launched today at the Sustainability and Investment Summit taking place in San Juan, Puerto Rico, looks at key enabling factors for hotel investment, and success stories of destinations that have employed such factors and shown strong growth in investment. In 2020, when international travel ...
Baird/STR Hotel Stock Index dropped 5.8% in May
Baird | June 13, 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index dropped 5.8% in May to a level of 5,584. Year to date through the first five months of 2022, the stock index has decreased 2.8%. “Hotel stocks declined in May amid the broader stock market volatility as investors grew concerned about macroeconomic slowing and inflationary pressures, among other risks and uncertainties,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Hotel fundamentals have continued to improve and are showing no signs of slowing; the demand recovery is broadening, the harder-hit urban markets are re...
Travel & Tourism Set to Inject Over $2.6 Billion Into the U.S. Economy Over Next Decade
WTTC | June 10, 2022
New National Travel and Tourism Strategy welcomed but not enough, says WTTC; Despite positive growth, falling international traveler spending leaves U.S. Travel & Tourism lagging behind other countries after pandemic DALLAS (June 8, 2022) – The latest Economic Impact Report (EIR) from the World Travel & Tourism Council (WTTC), which represents the global Travel & Tourism private sector, reveals that the U.S. Travel & Tourism sector is projected to contribute over $2.6 billion in gross domestic product (GDP) to the U.S. economy over the next decade. By 2032, the U.S. Travel & Tourism sector is expected to make up 9...
In Focus: Santorini, Greece
Nana Boussia | June 10, 2022
By Nana Boussia, Pavlos Papadimitriou If there is one destination within Greece that lives up to its fame as one of the most alluring destinations in the world that is Santorini. Visiting the island with the dramatic landscapes and unique terrain, part of the legacy of a violent volcanic eruption that took place in the second millennium BC, is on the bucket list of every savvy traveler. Thousands of tourists that visit Greece flock to the island of Santorini to admire the caldera-perched villages, the authentic local architecture with its cave houses dug into the volcanic rocks, the captivating sunsets, and the cultural antiquities buried ...
STR: U.S. Hotel Results for Week Ending 4 June
STR | June 9, 2022
HENDERSONVILLE, Tennessee—Reflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 June. 29 May through 4 June 2022 (percentage change from comparable week in 2019*): Occupancy: 63.2% (-12.1%) Average daily rate (ADR): US$147.35 (+11.3%) Revenue per available room (RevPAR): US$93.16 (-2.2%) While none of the Top 25 Markets showed an occupancy increase over 2019, Orlando came closest to its pre-pandemic comparable (-2.5% to 68.9%). San Francisco (-25.5% to 63.3%) and Minneapolis (-25.5% to 55.7%) matched for the larg...
Paris Hotel Market: A Spectacular Start to the Recovery
Mathilde De Bona | June 8, 2022
By Mathilde De Bona, Sophie Perret Tourism in Paris was heavily impacted by the COVID-19 pandemic and travel restrictions, at a time when the market was recovering from terrorist attacks (2015/16), the yellow-vest movement (2018/19) and transportation strikes (2019). However, the strong government support combined with the city’s worldwide appeal have resulted in a dynamic rebound for the tourism sector. The easing of travel restrictions and successful vaccination rollout in France and across Europe have allowed a rise in tourist numbers from June 2021, resulting in a substantial market bounce in the second half of the year, in line with...
Sydney Hotels Led April Profitability Recovery in Asia Pacific
STR | June 6, 2022
LONDON—Among key hotel markets in the Asia Pacific region, Sydney’s gross operating profit per available room (GOPPAR) level came closest to its 2019 comparable, according to STR’s April 2022 P&L data release. After coming in at just 51% of 2019 GOPPAR levels in March, Sydney posted an April GOPPAR of US$52.08, which was 82% of the pre-pandemic comparable. Also reporting significant month-over-month improvement, Singapore posted an April GOPPAR of US$45.56. That level was 54% of the pre-pandemic comparable after the market had reached just 37% using the same comparison in March. Bangkok’s GOPPAR was 27% of the 2019 compar...
STR, TE Upgrade Forecast to Full U.S. RevPAR Recovery in 2022
STR | June 6, 2022
NEW YORK—STR and Tourism Economics have upgraded the recovery timeline for U.S. hotel revenue per available room (RevPAR). On a nominal basis, the metric is now expected to surpass 2019 levels in 2022, according to the latest forecast just presented at the 44th Annual NYU International Hospitality Industry Investment Conference. The major factor in the revised timeline was a +$11 adjustment in 2022 average daily rate (ADR). Occupancy for the year is projected to come in under the pre-pandemic comparable, while ADR and RevPAR are forecasted at $14 and $6 higher than 2019, respectively. Previous versions of the forecast projected nomi...
Business Travel Is Back, but a Return to Pre-Pandemic Levels Remains Far Off
STR | June 2, 2022
Well past the second anniversary of the pandemic, business travel is showing its first significant signs of recovery. As that recovery gains momentum, a new landscape has formed with the presence of both traditional and new forms of business travel. Amid this new landscape, however, there remains mixed consumer sentiment toward business travel as well as a large gap between current volume and pre-pandemic comparables. STR’s consumer research from May 2022 produced telling insights into this always-popular topic. Not just leisure anymore Until this point, recovery was almost completely leisure-based. That segment came back sooner tha...
U.S. Hotel Profitability Surpassed 2019 Levels for Second Consecutive Month
STR | June 2, 2022
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable for a second consecutive month, according to STR‘s April 2022 P&L data release. The GOPPAR, TrevPAR and EBITDA PAR levels were the highest for the country since November 2019. GOPPAR: US$90.96 TRevPAR: US$218.40 EBITDA PAR: US$68.37 LPAR (Labor Costs): US$64.22 “As the top-line metrics continue to progress toward full recovery, it is no surprise that the bottom-line metrics are coming in better than pre-pandemic times,” said Raquel Ortiz, STR’s director of financial performance. “...
March 2022 Total International Travel Volume To and From the United States
International Trade Administration | June 2, 2022
Data recently released by the National Travel and Tourism Office (NTTO) show that in March 2022: International Arrivals to the United States Total non-U.S. resident international visitor volume to the United States of 3,244,404 increased 205.3% from March 2021 but was 51.8% of total visitor volume in March 2019. Overseas visitor volume to the United States of 1,379,766 increased 263.3% from March 2021. March 2022 was the twelfth consecutive month that total non-U.S. resident international arrivals to the United States increased on a year-over-year basis. The largest numbers of international visitors were from Canada (947,79...
STR: U.S. Hotel Results for Week Ending 28 May
STR | June 2, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance dipped slightly from the previous week, according to STR‘s latest data through 28 May. 22-28 May 2022 (percentage change from comparable week in 2019*): Occupancy: 66.5% (+3.2%) Average daily rate (ADR): US$151.73 (+22.2%) Revenue per available room (RevPAR): US$100.97 (+26.2%) Among the Top 25 Markets, Phoenix saw the highest performance increases over 2019: occupancy (+19.6% to 69.9%), ADR (+50.8% to US$149.06) and RevPAR (+80.4% to US$104.14). San Francisco experienced the only double-digit occupancy decrease from 2019 (-13.7% to 69.3%). The market also report...
Despite Global Pressures, April Hotel Profit Up
HotStats | May 31, 2022
The higher cost for goods is not yet wrecking traveler appetite. Despite record gas prices, ballooning airfares and crippling inflation roiling the globe, hotel performance remained widely steady, if not getting better, in April, with increases in both the top and bottom line. In the U.S., April gross operating performance per available room (GOPPAR) hit $96.08, which was 92% back to where it was pre-pandemic. Accounting for the rise was a strong top line that featured both growth in occupancy and average daily rate, with the latter outpacing where it was in April 2019, $5 higher on a nominal basis. Total revenue per...
