us hotel market
U.S. Top 25 Markets Still Behind 2019 Occupancy Even With Continued Return of Groups
STR | November 23, 2022
U.S. hotel occupancy leaders and laggards in this mid-November 2022 “bubble” chart update reflect anticipated seasonal shifts, the continued return of corporate and group demand in large-to-medium sized markets, and a persistent impact from Hurricane Ian. Additionally, the Top 25 Markets mostly trailed 2019 occupancy levels whereas a solid majority of markets outside of the Top 25 were ahead of the pre-pandemic comparable. Among those Top 25 Markets, New York City continued its firm hold as autumn’s top occupancy market at a level of 84.7% for the four weeks ending 12 November—a small gain from the previous four weeks. In...
U.S. Hotel Profits Reached 52% of Pre-Pandemic Level in 2021
STR | February 3, 2022
HENDERSONVILLE, Tennessee—Gross operating profit for U.S. hotels reached 52% of the comparable 2019 level, according to STR‘s full-year 2021 P&L data release. Strong holiday demand in both November and December helped overall profitability levels, with December showing 2021’s highest recovery index in each of the key metrics. “Though the industry still has a way to go on the path to full recovery, a lot of headway was made in 2021,” said Raquel Ortiz, STR’s assistant director of financial performance. “Each passing month we saw revenues and profits continue on a positive, upward trend. Profit margins were relative...
STR: U.S. Hotel Results for Week Ending 23 October
STR | October 28, 2021
HENDERSONVILLE, Tennessee—U.S. hotel occupancy dipped a percentage point week over week, while room rates rose slightly, according to STR‘s latest data through 23 October. 17-23 October 2021 (percentage change from comparable week in 2019*): Occupancy: 63.9% (-9.1%) Average daily rate (ADR): US$134.14 (-0.6%) Revenue per available room (RevPAR): US$85.74 (-9.6%) While none of the Top 25 Markets recorded an occupancy increase over 2019, Tampa came closest to its 2019 comparable (-3.1% to 68.5%). The market also reported the largest increases in ADR (+16.1% to US$138.33) and RevPAR (+12.6% to US$94.71) when compared...
HotStats July US Hotels Market Update: TrevPAR Grows but Profits Slide at US Hotels
HotStats | September 1, 2017
LONDON, September 1, 2017 GOPPAR dropped by 0.7-percent at hotels in the USA this month, as the 1.1-percent increase in TrevPAR was cancelled out by escalating costs, according to the latest worldwide poll of full-service hotels from HotStats. Although year-on-year growth in RevPAR at hotels in the USA remained flat this month, at $157.48, an increase in non-rooms revenues, including Food and Beverage (+2.0-percent) and Conference and Banqueting (+1.5-percent), meant that a 1.1-percent increase was recorded in TrevPAR, to $234.20. That said, in spite of the year-on-year increase, the TrevPAR achieved this month was the second lowest of ...
Hotel Markets Coming into Balance as Demand and Supply Growth Rates Converge
CBRE Group, Inc. | September 7, 2016
U.S. Hoteliers Operate in a Low Inflation Environment Atlanta – September 7, 2016 – The magnitude of change in the major industry indicators is not pleasing U.S. hotel owners and operators. New development activity continues to accelerate, while growth in average daily room rates (ADR) has decelerated. The sluggish start during the first half of the year resulted in another downgrade by CBRE Hotels' Americas Research of its forecast for the entirety of 2016. "It has been very interesting dissecting the performance of the U.S. lodging industry during the first half of 2016," said R. Mark Woodworth, senior managing director of...
