STR: Preliminary April data for London hotels

Reflecting the continued impact of the COVID-19 pandemic, April was London’s worst hotel performance month on record, according to preliminary data from STR.  Comparison with April 2019: Occupancy: -73.0% to 21.9% Average daily rate (ADR): -38.9% to GBP87.18 Revenue per available room (RevPAR): -83.5% to GBP19.11 The absolute occupancy and RevPAR levels are the lowest […]

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STR: U.S. hotel profits fell 101.7% in March

U.S. hotel gross operating profit per available room fell 101.7% during March 2020, according to the first-ever monthly P&L data release from STR. In a year-over-year comparison with March 2019, the industry posted the following: GOPPAR: -101.7% to US$-2.10 TRevPAR: -64.0% to US$104.93 EBIDTA PAR: -116.8% to US$-15.44 LPAR (Total Labor Costs): -31.2% to US$66.16 “Our first U.S. […]

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STR: Europe hotel unprecedented performance lows for March 2020

Reflecting the impact of the COVID-19 pandemic, Europe’s hotel industry reported unprecedented performance lows during March 2020, according to data from STR. Euro constant currency, March 2020 vs. March 2019 Occupancy: -61.6% to 26.3% Average daily rate (ADR): -8.1% to EUR96.13 Revenue per available room (RevPAR): -64.7% to EUR25.27 The absolute occupancy and RevPAR levels in […]

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STR Europe projections and Rebound of COVID-19 Crisis

This week’s  Europe webinar by STR focused on projections for this year and beyond, in which joined David Goodger, Managing Director, Europe and Middle East – Tourism Economics. The economic impact and likely recovery The immediate economic impact in H1 2020 will be worse than at any point during the global financial crisis, but a […]

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STR: U.S. hotel construction hit all-time high in March

The U.S. hotel industry recorded 214,704 rooms under construction in March 2020, the highest end-of-month total ever reported by STR.  The industry’s previous construction peak occurred in December 2007 with 211,694 hotel rooms in construction. That level was slightly surpassed in February 2020 at 211,859 rooms in the final phase of the development pipeline. “The number of […]

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STR: U.S. hotel results for week ending 11 April

Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 5-11 April 2020, according to data from STR. In comparison with the week of 7-13 April 2019, the industry recorded the following: Occupancy: -69.8% to 21.0% Average daily rate (ADR): […]

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STR: U.S. hotel results for week ending 4 April

Reflecting on the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines in the three key performance metrics during the week of 29 March through 4 April 2020, according to data from STR. In comparison with the week of 31 March through 6 April 2019, the industry recorded the following: Occupancy: […]

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STR: Mainland China hotel industry shows early signs of performance recovery

Mainland China’s daily hotel occupancy reached an absolute level of 31.8% on 28 March, up from a low of 7.4% during the first week of February, according to preliminary data from STR. Additionally, opening rates have been significant in key markets across the region. “We’re seeing green shoots in hotel occupancy figures, but we must stress that […]

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STR: U.S. hotel RevPAR forecasted to drop 50.6% for 2020

Due to the impact from the COVID-19 pandemic, the U.S. hotel industry is projected to report a 50.6% decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics. “The industry was already set for a non-growth year, now throw in this ultimate ‘black swan’ event, and we’re set […]

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STR: France’s daily hotel occupancy plummets to as low as 3.3%

As the COVID-19 situation in France has worsened, the country’s daily hotel occupancy plummeted to as low as 3.3% on 17 March, according to preliminary data from STR and In Extenso TCH. Daily occupancy in the country was as high as 65.3% on 26 February and had been positioned above 30% through 12 March. However, […]

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