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 18 September
STR | September 28, 2021
HENDERSONVILLE, Tennessee — September 28, 2021 — U.S. hotel occupancy reached a 4-week high, according to STR‘s latest data through 18 September. 12-18 September 2021 (percentage change from comparable week in 2019*): Occupancy: 63.0% (-11.6%) Average daily rate (ADR): US$131.04 (-2.6%) Revenue per available room (RevPAR): US$82.50 (-13.9%) The gain in occupancy was helped by weekly group demand eclipsing 1 million for the first time since the earliest days of the pandemic. More group demand created a lowering effect on ADR, as group rooms for upper-tier classes are typically priced lower than transi...
Seasonal Slowing for Some, RevPAR Surpluses for Others
STR | September 28, 2021
STR’s monthly 51-chart map focusing on revenue per available room (RevPAR) on a total-room-inventory basis shows a variety of recent national/regional market trends as well as the general pace of the industry’s continued recovery from the pandemic. With Labor Day marking the unofficial end of the summer leisure-oriented travel season, recent weeks have produced a dip from summer peaks in many markets with ground lost from 2019 RevPAR levels. This expected seasonal slowing in U.S. hotel business is evidenced in most states’ performance. At the same time for the four weeks ending with 18 September, 21 states outperformed their compa...
STR: U.S. Hotel Results for Week Ending 18 September
STR | September 23, 2021
HENDERSONVILLE, Tennessee — September 23, 2021 — U.S. hotel occupancy reached a 4-week high, according to STR‘s latest data through 18 September. 12-18 September 2021 (percentage change from comparable week in 2019*): Occupancy: 63.0% (-11.6%) Average daily rate (ADR): US$131.04 (-2.6%) Revenue per available room (RevPAR): US$82.50 (-13.9%) The gain in occupancy was helped by weekly group demand eclipsing 1 million for the first time since the earliest days of the pandemic. More group demand created a lowering effect on ADR, as group rooms for upper-tier classes are typically priced lower than transient rooms....
Canada Reports Highest Monthly Performance Since Pandemic
STR | September 22, 2021
HENDERSONVILLE, TN — September 22, 2021 — Canada’s hotel industry reported its highest monthly performance levels since the pandemic, according to STR’s August 2021 data. Even with improvement from previous months, the country’s performance levels remained well below pre-pandemic comparisons from August 2019: Occupancy: 65.4% (-17.0%) Average daily rate (ADR): CAD160.36 (-13.4%) Revenue per available room (RevPAR): CAD104.92 (-28.1%) The occupancy and RevPAR levels were the highest in Canada since October 2019, while the ADR level was the country’s highest since September 2019. “The summer months were...
STR: U.S. Hotel Performance for August 2021
STR | September 20, 2021
HENDERSONVILLE, Tennessee — September 20, 2021 — As the summer leisure travel surge subsided, the U.S. hotel industry reported performance declines from the month prior, according to August 2021 data from STR. August 2021 (percentage change from August 2019): Occupancy: 63.2% (-11.3%) Average daily rate (ADR): US$137.57 (+3.7%) Revenue per available room (RevPAR): US$86.88 (-8.1%) On a nominal basis, ADR was higher than the 2019 comparable. Among the Top 25 Markets, Norfolk/Virginia Beach experienced the highest occupancy level (74.2%), which was still down 5.3% from the market’s 2019 benchmark. None of...
Gloomy Picture for Business Travel, but a Small Ray of Hope
STR | September 17, 2021
With summer ending and the much-needed leisure travel surge waning, much of the industry’s attention and focus shifts to business travel. For true recovery to occur, the travel and hospitality industry needs to see business travel return to pre-pandemic levels. Unfortunately, the prospects for such a return do not appear good at the moment. The Delta variant continues to disrupt the reopening of economies in many parts of the world and, indeed, some countries are grappling with previously unseen levels of infections. The timelines for a full-time return to office, the indicator of the return of business travel, continue to get pushed ...
STR: U.S. Hotel Results for Week Ending 11 September
STR | September 16, 2021
HENDERSONVILLE, Tennessee — September 16, 2021 — U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 11 September. 5-11 September 2021 (percentage change from comparable week in 2019*): Occupancy: 60.0% (-13.6%) Average daily rate (ADR): US$130.82 (-1.4%) Revenue per available room (RevPAR): US$78.46 (-14.8%) Despite the week-over-week dip, performance levels were solid on an absolute basis considering it was the week of Labor Day as well as Rosh Hashanah from Monday through Wednesday. Neither of those holidays were a factor in the corresponding week two years ag...
HVS Market Pulse – Salt Lake City, Utah
Katy Black | September 15, 2021
By Katy Black, Ryan Mark Before the Pandemic Occupancy within the Downtown submarket remained stable, consistently registering near the 70% mark, for the five years prior to the pandemic. Average daily rate (ADR) growth during that period was also consistent at a compound annual growth rate (CAGR) of 3.0%. These metrics illustrate the strength and stability of the local market, even in 2018 when the city lost its largest convention, Outdoor Retailer, as it moved to Denver, Colorado. The number of events held at the Salt Palace Convention Center rebounded in 2019. Convention attendance surpassed one million delegates in the two ye...
2021 HVS Lodging Tax Report – USA
Thomas Hazinski | September 14, 2021
By Thomas A. Hazinski, Joseph Hansel While the impacts of the COVID-19 pandemic on the lodging industry are ongoing, this tenth annual HVS Lodging Tax Study quantifies the revenue impact of the pandemic over the past year. An analysis of 25 major US markets shows losses totaling approximately $1.3 billion in 2020 from historical levels in 2019. HVS forecasts a loss of $1.45 billion in rooms revenue in 2021 from a baseline scenario with no pandemic. HVS also provides historical data on tax rates and the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest US cities. Intro...
STR: U.S. Hotel Results for Week Ending 4 September
STR | September 10, 2021
HENDERSONVILLE, Tennessee — September 10, 2021 — Lifted by Labor Day weekend, Hurricane Ida evacuations and the return of college football, U.S. hotel performance increased slightly from the previous week, according to STR‘s latest data through 4 September. 29 August through 4 September 2021 (percentage change from comparable week in 2019*): Occupancy: 61.3% (+0.7%) Average daily rate (ADR): US$132.94 (+9.4%) Revenue per available room (RevPAR): US$81.54 (+10.1%) Comparisons with 2019 were higher due to a lower performing week that year. In terms of Hurricane Ida-related demand, the largest jumps were seen ...
STR: U.S. Hotel Results for Week Ending 28 August
STR | September 2, 2021
HENDERSONVILLE, Tennessee — September 2, 2021 — U.S. hotel performance continued to decline from previous weeks, according to STR‘s latest data through 28 August. 22-28 August 2021 (percentage change from comparable week in 2019*): Occupancy: 61.0% (-8.4%) Average daily rate (ADR): US$131.91 (+3.2%) Revenue per available room (RevPAR): US$80.53 (-5.5%) Performance continues to reflect seasonality as well as the pandemic situation. Additionally, while data for 27-28 August showed a preliminary demand shift in the Gulf region, the impact of Hurricane Ida is expected to be more significant in future weeks of data...
HVS Las Vegas Casino & Hotel Market Outlook 2021 Mid-Year Update
Shannon S. Okada | September 2, 2021
By Shannon Okada The Las Vegas market benefited from pent-up demand, government stimulus checks, limited international travel options, increased vaccination rates, and the easing of COVID-19 restrictions during the first half of 2021. However, major COVID-19 metrics notably surged during the summer, and indoor masking rules have been reimplemented in Clark County. Additional efforts are underway to increase state resident vaccination levels through education, encouragement, and mandates. The market’s performance during the rest of 2021 will be an important indicator of the velocity of recovery that may be anticipated in the com...
51 Million Americans Have Labor Day Travel Plans, With Florida as the Top Destination
ValuePenguin.com | September 1, 2021
NEW YORK — September 1, 2021 — Although the delta variant continues to affect many, ValuePenguin's survey of U.S. consumers showed that Americans aren't ready to pack away their luggage regardless of coronavirus developments and others may be shying away from travel for now. One of the top destinations for Labor Day weekend? Florida. Key findings: One in 5 (20%) of Americans — 51 million — are traveling for Labor Day. Those most likely to travel include six-figure earners (32%), parents with kids under 18 (30%) and Gen Xers (25%). But 29 million (11%) have had to cancel plans (or had them canceled) due to delta variant c...
STR: Europe Set for Record Number of New Hotel Rooms
STR | August 31, 2021
LONDON — August 31, 2021 — The number of hotel openings in Europe is expected to hit an all-time high in 2021, with more than 100,00 new rooms estimated for the year, according to STR data and analysis that will be presented at this week’s International Hospitality Investment Forum (IHIF) in Berlin. More than 50,000 rooms have opened thus far in 2021, which is already more than all of 2020, and scheduled openings for the remainder of the year are expected to grow the number to more than 100,000 total. That growth reflects delayed 2020 openings and limited cancellations of planned projects to date despite the significant disruption ...
STR: U.S. Hotel Results for Week Ending 21 August
STR | August 26, 2021
HENDERSONVILLE, Tennessee — August 26, 2021 — Reflecting seasonal demand patterns and concerns around the pandemic, U.S. hotel performance continued to decline from previous weeks, according to STR‘s latest data through 21 August. 15-21 August 2021 (percentage change from comparable week in 2019*): Occupancy: 63.7% (-9.1%) Average daily rate (ADR): US$135.77 (+5.1%) Revenue per available room (RevPAR): US$86.43 (-4.5%) While none of the Top 25 Markets recorded an occupancy increase over 2019, Detroit came closest to its 2019 comparable (-0.7% to 69.3%). San Francisco/San Mateo experienced th...
The Global Hotel Construction Pipeline Projects in Early Planning Stage Rise Year-Over-Year
Lodging Econometrics | August 26, 2021
PORTSMOUTH, NH – August 26, 2021 – Lodging Econometrics (LE) has released its Global Hotel Construction Pipeline Trend Report, which compiles the hotel construction pipeline counts for every country and market around the world. The report for Q2 2021 states that the total global hotel construction pipeline stands at 13,420 projects/2,253,499 rooms. Year-over-year (YOY) the pipeline decreased 9% by projects and 7% by rooms. However, the construction pipeline is up a noteworthy 94% by projects over the cyclical low established in 2011 when global counts were at 6,907 projects/1,257,296 rooms. There are 6,197 projects/1,142,207 rooms curr...
STR: Canada Hotel Performance Reaches Pandemic-Era Highs
STR | August 24, 2021
HENDERSONVILLE, Tennessee — August 24, 2021 — Canada’s hotel industry reported its highest monthly performance levels since the pandemic began, according to STR’s July 2021 data. Even with improvement from previous months, the country’s performance levels remained well below pre-pandemic comparisons from July 2019: Occupancy: 54.5% (-27.6%) Average daily rate (ADR): CAD151.31 (-18.2%) Revenue per available room (RevPAR): CAD82.53 (-40.7%) The occupancy and RevPAR levels were the highest in Canada since February 2020, while the ADR level was the country’s highest since December 2019. “Hotels ...
A Quick Overview of China’s July Hotel Performance
STR | August 19, 2021
With the help of summer vacation, Mainland China’s overall hotel occupancy rate showed a good upward trend in July, with the second and third week of the month reaching 2019 levels. Average daily rate (ADR) was even stronger, and when indexed to 2019, remained stable at roughly 110—meaning it was well above 2019 levels. As a result, Mainland China’s revenue per available room (RevPAR) index climbed from 87 at the beginning of the month to 117 by the end. However, with confirmed COVID-19 cases in Nanjing on 20 July, momentum shifted abruptly. The current outbreak has spread to several provinces and cities across the country, result...
STR: U.S. Hotel Results for Week Ending 14 August
STR | August 19, 2021
HENDERSONVILLE, Tennessee — August 19, 2021 — U.S. hotel occupancy and average daily rate (ADR) dipped from previous weeks, according to STR‘s latest data through 14 August. 8-14 August 2021 (percentage change from comparable week in 2019*): Occupancy: 65.7% (-8.4%) Average daily rate (ADR): US$139.18 (+5.9%) Revenue per available room (RevPAR): US$91.45 (-3.0%) While the metrics were down week over week, comparisons with 2019 remained consistent, which is further evidence of seasonality in the data as more schools return to class and leisure demand wanes. Concern around COVID-19 cases also persists....
STR: Olympics Lifted Tokyo Hotel Occupancy to 17-Month High
STR | August 18, 2021
LONDON — August 18, 2021 — As host to the delayed summer Olympics, Tokyo posted its highest hotel occupancy in 17 months and saw a pair of days with levels that approached the peak of the “Go To Travel” campaign in 2020, according to data and analysis from STR. Tokyo’s 47.2% occupancy level for July was the market’s highest monthly level since February 2020. Daily occupancy reached 60.5% and 60.6% on the night before and the night of the opening ceremony (22-23 July). The last time Tokyo had passed the 60% daily occupancy threshold was during the “Go To Travel” campaign on 21 November 2020. Preliminary data for August sh...
STR: U.S. Hotel Performance for July 2021
STR | August 18, 2021
HENDERSONVILLE, Tennessee — August 18, 2021 — The U.S. hotel industry reported all-time monthly highs in average daily rate (ADR) and revenue per available room (RevPAR) on a nominal basis, according to July 2021 data from STR. July 2021 (percentage change from July 2019): Occupancy: 69.6% (-5.5%) Average daily rate (ADR): US$143.30 (+6.0%) Revenue per available room (RevPAR): US$99.71 (+0.2%) When adjusted for inflation, the ADR and RevPAR levels were lower than the all-time highs recorded in 2019. On an absolute basis, occupancy was the highest for any month since August 2019. Among the Top 25 Markets, Oahu...
Middle East Hotel Construction Pipeline Project & Room Counts Drop 10% in Q2’21
Lodging Econometrics | August 18, 2021
PORTSMOUTH, NH – August 18, 2021 – According to the latest Construction Pipeline Trend Report for the Middle East, research analysts at Lodging Econometrics (LE) state at the end of the second quarter of 2021, the hotel construction pipeline in the Middle East declined once again to 531 projects/152,448 rooms. The Middle East’s pipeline is down 10% by both projects and rooms year-over-year (YOY). This is the eighth consecutive quarter the pipeline has declined since reaching its cyclical peak of 638 projects in Q2 2019. Projects currently under construction dropped 6% by projects and 8% by rooms YOY, standing at 340 projects/107,53...
North American Inbound Tourism Spend Declined by 74.1% in 2020
GlobalData | August 16, 2021
Destinations across North America (USA, Mexico and Canada) are at different stages of tourism development. However, one common factor is that the effects of the COVID-19 pandemic in 2020 have been hard felt for each respective tourism economy, says GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Tourism Destination Market Insight: North America (2021)’, found that total international arrivals to the region declined 67% year-on-year (Y-o-Y) in 2020 and inbound expenditure by 74.1%. North America’s forecast recovery follows the general global travel consensus that domestic tourism will recover first (2...
In Focus: Maldives 2021
Peggy Lee | August 16, 2021
By Peggy Lee, Chariss Kok Xin, Hok Yean CHEE Key Highlights in 2020 The Republic of Maldives is located in the Indian Ocean, southwest of Sri Lanka and India. The country comprises 1,192 coral islands, which are divided into 26 major island rings, known as atolls. For administrative purposes, these 26 atolls are organised into nineteen administrative districts across an area of 90,000 square kilometres in the Indian Ocean. Famous for its natural beauty with white sand beaches and crystal-clear waters, the Maldives is ranked as one of the best diving destinations in the world. Tourists seeking leisure and relaxation are especial...
