industry market data
STR: Canada Hotel Results for Week Ending 14 November
STR | November 19, 2020
HENDERSONVILLE, Tennessee—STR data for 8-14 November 2020 showed slightly lower occupancy from the previous week for Canada’s hotel industry. 8-14 November 2020 (percentage change from comparable week in 2019): Occupancy: 27.8% (-53.5%) Average daily rate (ADR): CAD110.36 (-25.9%) Revenue per available room (RevPAR): CAD30.70 (-65.5%) Occupancy for previous weeks came in at 29.4% (7 November), 29.2% (31 October), and 31.1% (24 October), respectively. For the week ending with 14 November, Nova Scotia recorded the highest occupancy level (35.0%) among the provinces. Among the major markets, Vancouver (29.0%) saw the ...
Survey: 7 Out of 10 Americans Unlikely to Travel for Holidays
AHLA | November 12, 2020
WASHINGTON (November 12, 2020) – A new national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that many Americans are not expected to travel this holiday seasons. Results show that 72% of Americans are unlikely to travel for Thanksgiving and 69% are unlikely to travel for Christmas, compounding the challenges for the hotel industry during this public health crisis. Business travel has been even more impacted. Only 8% of Americans say they have taken an overnight business trip since March, and just 19% of respondents who are currently employed—or 8% of all adults—expect to travel for business within ...
STR: U.S. Hotel Results for Week Ending 10 October
STR | October 15, 2020
HENDERSONVILLE, Tennessee— U.S. hotel weekly occupancy hit 50% for just the second time since the low point of the pandemic, according to the latest data from STR through 10 October. 4-10 October 2020 (percentage change from comparable week in 2019): Occupancy: 50.0% (-29.2%) Average daily rate (ADR): US$97.67 (-25.9%) Revenue per available room (RevPAR): US$48.85 (-47.5%) While a handful of the highest occupancy markets were those in areas affected by natural disasters (i.e. California wildfires), Saturday produced the week’s highest occupancy (65.2%) and ADR (US$110.84), indicating that the leisure and weekend staycatio...
IHG® Hotels & Resorts Reveals New Data About the British Summer Staycation in 2020
IHG | October 9, 2020
Staycation’ was undoubtedly the travel buzzword of 2020. With travel restrictions limiting people jetting off to far-flung destinations this year, Brits looked to explore what was on their very own doorstep more so than ever before. IHG Hotels & Resorts, which has more than 360 hotels in the UK & Ireland with brands including Holiday Inn, voco Hotels, Crowne Plaza, InterContinental, Hotel Indigo, Staybridge Suites and Kimpton, reveals new data about how British travellers chose to spend the last few months. Karan Khanna, Managing Director UK & I, IHG Hotels & Resorts commented on the findings: “We’ve seen that peop...
STR: U.S. Hotel Performance for August 2020
STR | September 21, 2020
HENDERSONVILLE, Tennessee—The U.S. hotel industry showed slightly higher performance from the month prior, but at overall low levels during August 2020, according to data from STR. In a year-over-year comparison with August 2019, the industry recorded the following: Occupancy: -31.7% to 48.6% Average daily rate (ADR): -22.8% to US$102.46 Revenue per available room (RevPAR): -47.3% to US$49.83 The absolute occupancy level was the lowest for any August on record in the U.S., but all three key performance metrics were up from July levels. Recent September weekly data shows occupancy just below 50% due to a slight decrease in d...
5 Tips for Cutting Down Food Costs
HotStats | September 17, 2020
With COVID-19 slicing into hotel profit, cutting food costs is more important than ever—especially with so many hotels now relying on food and beverage (F&B) services to meet guest expectations. If hoteliers want to drive profit in the wake of COVID-19, it’s crucial to monitor F&B costs. Otherwise, the expenses from these important operations could be draining critical cashflow. Luckily, there are simple ways a hotel or resort can grab control of its F&B expenses and increase profit. And lowering food costs is at the core of that plan. Here are five ways to lower food costs in the hotel industry in the face of COVID-19: ...
STR: U.S. Hotel Results for Week Ending 22 August
STR | August 27, 2020
HENDERSONVILLE, Tennessee—U.S. hotel occupancy fell to a three-week low during the period of 16-22 August, according to the latest data from STR. 16-22 August 2020 (percentage change from comparable week in 2019): Occupancy: 48.8% (-30.3%) Average daily rate (ADR): US$100.08 (-22.7%) Revenue per available room (RevPAR): US$48.81 (-46.1%) The prior week, the industry had reached 50% occupancy for the first time since mid-March. Lower occupancy came as U.S. room demand declined week over week for the first time since mid-April. Reflective of school openings and less vacation travel, the industry sold 492,000 fewer room nights...
STR: Canada Hotel Results for Week Ending 22 August
STR | August 27, 2020
HENDERSONVILLE, Tennessee—STR data for 16-22 August 2020 showed another week of improving performance for Canada’s hotel industry while significant year-over-year declines remain. In comparison with the week of 18-24 August 2019, the industry reported the following: Occupancy: -46.4% to 42.9% Average daily rate (ADR): -27.3% to CAD130.37 Revenue per available room (RevPAR): -61.0% to CAD55.97 Two provinces reached a 50% occupancy level: Prince Edward Island (56.1%) and British Columbia (53.7%). Four additional provinces reached a 40% occupancy level: Ontario (43.3%), New Brunswick (42.9%), Manitoba (40.4%) and Saskatch...
