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STR Global releases May 2009 European Hotel Review

9 July 2009 Press Release Hotel News

Being the least worst is never a high accolade, but in the face of a very tough market the performance of Germany’s main cities is commendable. The May 2009 edition of the European Hotel Review, published by STR Global, the leading provider of market information to the world’s hotel industry, shows German cities taking the top five positions for annual change in revenue per available room (RevPAR) for the year-to-May 2009.

STR releases updated forecasts for 2009 and 2010

9 July 2009 Press Release Hotel News

As part of its new monthly forecast program, STR is projecting a 17.1-percent decrease in revenue per available room for the U.S. hotel industry in 2009. The company also revised its forecasts for the summer travel season, year-end 2009 and 2010.

STR Global releases market performance data for Mauritius and Maldives

19 June 2009 Press Release Tourism News

The global economic downturn is continuing to hit hotel figures in Mauritius and the Maldives, according to the latest research from STR Global, the leading provider of market information to the world’s hotel industry. Both destinations experienced occupancy drops for the first four months of the year, as their main European source markets were hit by recession, falling employment and declining consumer confidence.

US hotel pipeline for May 2009

15 June 2009 Press Release Hotel News

The total active U.S. hotel development pipeline includes 4,907 projects with 522,778 rooms, according to the May 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 22.2-percent decrease in the number of rooms in the total active pipeline compared to May 2008. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

U.S. Hotel performance for the week ending 6 June 2009

12 June 2009 Press Release Hotel News

The U.S. hotel industry posted declines in all three key performance measurements during the week of 31 May-6 June 2009, according to data from STR.In year-over-year measurements, the industry’s occupancy fell 13.9 percent to end the week at 56.6 percent. Average daily rate dropped 10.5 percent to finish the week at US$95.90. Revenue per available room for the week decreased 22.9 percent to finish at US$54.24.