hotel results
NYC Leading U.S. Markets, Boston, D.C. and Alaska Join Occupancy Leaderboard
STR | May 25, 2023
Analysis by M. Brian Riley U.S. hotel performance produced an incremental gain during the four weeks ending 13 May, a period that falls in between the heavy, summer travel season and earlier year peaks that include solid leisure travel, improved demand from conventions and group bookings, and returning business travel in larger markets. At a market-level, New York City continued to hold down the top occupancy spot while markets like Boston, Washington, D.C. and Alaska joined the leaderboard. Four-weeks ending 13 May 2023: Occupancy grew 1.4 percentage points (ppts) from the previous four weeks to 66.0%. Occupancy was u...
STR: U.S. Hotel Results for Week Ending 20 May
STR | May 25, 2023
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to STR‘s latest data through 20 May. 14-20 May 2023 (percentage change from comparable week in 2022): Occupancy: 67.5% (-1.5%) Average daily rate (ADR): US$158.53 (+3.6%) Revenue per available room (RevPAR): US$106.98 (+2.1%) The U.S. occupancy level was the second highest for any week this year. Among the Top 25 Markets, Washington, D.C., saw the highest year-over-year increases in each of the three key performance metrics: occupancy (+9.3% to 83.2%), ADR (+16.2% to US$220.58) ...
STR: U.S. Hotel Results for Week Ending 30 July
STR | August 4, 2022
HENDERSONVILLE, Tennessee—U.S. hotel performance dipped slightly from the previous week, which was the traditional summer travel peak, according to STR‘s latest data through 30 July. 24-30 July 2022 (percentage change from comparable week in 2019*): Occupancy: 71.9% (-3.8%) Average daily rate (ADR): US$158.32 (+18.3%) Revenue per available room (RevPAR): US$113.90 (+13.9%) While absolute levels were lower than the week prior, comparisons against 2019 levels strengthened. Among the Top 25 Markets, Nashville reported the largest occupancy increase over 2019 (+4.2% to 77.8%). San Diego (87.4%), Boston (85.5%)...
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...
Agilysys Reports Fiscal 2021 Third Quarter Revenue of $36.7M
Agilysys | January 27, 2021
Reports Record Recurring Revenue of $22.8M Inclusive of Subscription Revenue Growth of 18% Reports Positive Adjusted EBITDA of $7.6M Quarterly Free Cash Flow of $7.8M and Cash Balance Increase of $6.9M to $92.6M Alpharetta, GA – January 26, 2021 - Agilysys, Inc. (Nasdaq: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2021 third quarter and period ended December 31, 2020. Summary of Fiscal 2021 Third Quarter Financial Results Total net revenue was $36.7 million, compared to total net revenue of $42.0 million in the comparable prior-year peri...
STR: U.S. Hotel Results for Week Ending 3 October
STR | October 8, 2020
HENDERSONVILLE, Tennessee—U.S. hotel occupancy decreased slightly from the previous week, according to the latest data from STR through 3 October. 27 September through 3 October 2020 (percentage change from comparable week in 2019): Occupancy: 47.9% (-29.6%) Average daily rate (ADR): US$95.63 (-26.3%) Revenue per available room (RevPAR): US$45.80 (-48.1%) Year-over-year declines were less pronounced compared with previous weeks due to the Rosh Hashanah impact on the hotel calendar in 2019. Most of the markets with the highest occupancy levels were once again those in areas with displaced residents from natural disasters. Am...
STR: Canada Hotel Results for Week Ending 3 October
STR | October 8, 2020
HENDERSONVILLE, Tennessee—STR data for 27 September through 3 October 2020 showed slightly lower performance from prior weeks for Canada’s hotel industry. In comparison with the week of 29 September through 5 October 2019, the industry reported the following: Occupancy: 34.0% (-52.8%) Average daily rate (ADR): CAD117.75 (-28.9%) Revenue per available room (RevPAR): CAD40.05 (-66.4%) Occupancy for previous weeks came in at 35.6% (26 September), 37.0% (19 September) and 39.8% (12 September), respectively. For the week ending with 3 October, British Columbia (43.2%) was the only province to reach or surpass a 40% occupanc...
STR: U.S. Hotel Results for Week Ending 13 June
STR | June 18, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data ending with 13 June showed another small rise from previous weeks and less severe year-over-year declines, according to STR. 7-13 June 2020 (percentage change from comparable week in 2019): Occupancy: 41.7% (-43.4%) Average daily rate (ADR): US$89.09 (-33.9%) Revenue per available room (RevPAR): US$37.15 (-62.6%) “Powered by the slow and steady rise in weekly demand, the industry clawed its way above 40% occupancy,” said Alison Hoyt, STR’s senior director, consulting & analytics. “That was still down substantially from the comparable week last year (73.6%) b...
