global hotel markets
77% of Global Markets Grew RevPAR Against Last Year, Japan Generating More Momentum
CoStar Group | October 24, 2024
Analysis by M. Brian Riley Note: All financial figures presented in US$. STR's global "bubble chart" update for the four weeks ending 12 October 2024 shows 77% of markets with year-over-year growth in revenue per available room (RevPAR). That was a substantial 14-point increase in the proportion of global hotel markets experiencing matched period RevPAR gains in last month's update Among countries with 50,000 rooms and sufficient hotel reporting levels, Greece ($255), Singapore ($241), Italy ($240), France ($232), and Switzerland ($196) posted the highest RevPAR on an actualized basis. That was the same set of countri...
Fewer Global Markets Recording RevPAR Growth, Japan a Big Exception
CoStar Group | April 26, 2024
Analysis by Eddie Yeung Note: All financial figures presented in US$. STR's global "bubble chart" update for the four weeks ending 6 April 2024 shows 60% of markets with year-over-year growth in revenue per available room (RevPAR). That volume was noticeably less than the 77% of markets with growth in our last update, showing more of the world has reached a normalization period. China contributed the most to the decline against 2023 levels, with 90% of its markets experiencing lower performance compared to last year. This further underscores the slowdown in the country's economy. When excluding China, 67% of global markets recorded ...
More Global Hotel Markets Growing RevPAR
STR | March 25, 2024
Analysis by Eddie Yeung Note: All financial figures presented in US$. STR's global "bubble chart" update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year. Among countries with 50,000 rooms and adequate hotel reporting levels, Singapore, the United Arab Emirates, France, Switzerland, and New Zealand led in RevPAR on an actual basis. Singapore recorded the highest ADR at $284, which was 17% higher year over year as the market hosted Tayl...
85% of Global Markets Recovered RevPAR Last Year
CoStar Group | January 26, 2024
Analysis by Eddie Yeung Note: All financial figures presented in US$. STR's global “bubble chart” update for 2023 shows 85% of markets with revenue per available room (RevPAR) higher than 2019. In terms of top-line performance, that means most markets have recovered from the significant declines caused by the pandemic. Among countries with 50,000 rooms and adequate hotel reporting levels, Singapore, France, Switzerland, Ireland, and Greece led in RevPAR on an actual basis. Most of the above countries maintained relatively high levels in both average daily rate (ADR) and occupancy throughout the year. Ireland led all ...
Staying Strong, 85% of Global Hotel Markets Continue to See RevPAR Growth Above 2019
STR | July 7, 2023
Analysis by Eddie Yeung STR’s global “bubble chart” update as of 17 June 2023 shows that 85% of markets experienced growth in revenue per available room (RevPAR) when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic. Additionally, occupancy continues to play a significant role in driving RevPAR growth. Among all countries with a room supply of more than 50,000 rooms, Israel, Switzerland, Greece, Italy, and France led in RevPAR on an actual basis. Singapore dropped off the leader board after ranking in the top f...
More Than Half of the Global Markets Post RevPAR Growth of More Than 20% Versus 2019
STR | March 29, 2023
STR’s global “bubble chart” update through 18 March 2023 shows growing momentum in the Asia Pacific region and more than half of markets globally with better than 20% growth in revenue per available room (RevPAR) versus 2019. Among all countries with room supply of more than 50,000 rooms, Israel, Switzerland, Singapore, the Dominican Republican and New Zealand led in RevPAR on an actual basis. That put Singapore in the top RevPAR spot for two consecutive running 28-day periods. Singapore was also one of the leaders in occupancy along with two other Asia Pacific countries—Thailand and New Zealand. All countries in the RevPAR ...
More Global Markets Above Pre-Pandemic Occupancy Levels, Highest RevPAR in Mediterranean-Facing Countries
STR | September 13, 2022
STR’s latest global bubble chart update shows strong top-line performance indicators for much of the world during the four weeks ending 20 August 2022. Among the developments since our previous update, countries around the Mediterranean region led in overall performance, while more markets overall eclipsed pre-pandemic levels of occupancy. Among the 48 countries with room supply of more than 50,000 hotel rooms, 11 reported occupancy above 75%, which was four more than the previous 28-day period. Greece, Italy, France, and Croatia remained in the top five performing countries on a revenue-per-available-room (RevPAR) basis with I...
