Str News

STR reports uptick in European hotel construction

STR reports uptick in European hotel construction

16th Nov 2016 Hotel News

The October pipeline report from STR shows 153,206 hotel rooms in 1,007 projects are under contract in Europe. The total represents a 14.9 per cent increase in rooms under contract compared with October 2015, suggesting an uptick in confidence in the market.

Japanese hospitality benefits from falling value of yen

Japanese hospitality benefits from falling value of yen

31st Oct 2016 Hotel News Tourism News

Japan’s hotel industry has benefitted substantially from the devaluation of the Japanese yen, experiencing four consecutive years of double-digit percentage growth in gross operating profit per available room, according to STR. As reported in STR’s Profitability Review, Japan’s GOPPAR reached JPY12,512.18 in 2015, the country’s highest GOPPAR value since the time of the global financial crisis in 2008.

STR reveals positive impact of NFL on American hospitality

STR reveals positive impact of NFL on American hospitality

15th Sep 2016 Hotel News Tourism News

The National Football League has generated an average impact of US$75 million on hotel room revenue during the past eight seasons, according to a study by STR’s consulting and analytics division. In 2015, the NFL had a net impact of US$77 million on hotel room revenue. For the purposes of its analysis, STR matched every NFL game since 2008 with its respective home city to determine the impact on local hotels.