Str News
Luxury hotel spas feel recession’s pinch
Luxury spa participants in the Spa STAR performance report continued to show declining performance metrics through the third quarter of 2009, according to data released by STR.
STR reports US performance for week ending 5 December
In year-over-year measurements, the industry’s occupancy fell 4.9 percent to end the week at 47.6 percent. Average daily rate dropped 7.3 percent to finish the week at US$96.25. Revenue per available room for the week decreased 11.9 percent to finish at US$45.86.
Occupancy in Vienna set to improve in 2010
With a tough year for the Vienna hotel market coming to a close, it is time to look ahead to 2010. STR Global, the leading provider of market data to the world’s hotel industry, working in cooperation with the Oesterreichische Hoteliervereinigung, predicts occupancy levels in the city to grow between 6 percent and 9 percent in 2010
STR releases US pipeline for October 2009
The total active U.S. hotel development pipeline includes 4,218 projects with 450,899 rooms, according to the September 2009 STR/TWR/Dodge Construction Pipeline Report released this week.
US hotel performance for the week ending 22 August 2009
The U.S. hotel industry posted declines in all three key performance measurements during the week of 16-22 August 2009, according to data from STR.
STR reports U.S. hotel Pipeline for July 2009
The total active U.S. hotel development pipeline includes 4,554 projects with 487,831 rooms, according to the July 2009 STR/TWR/Dodge Construction Pipeline Report released this week.
STR reports U.S. hotel performance for week ending 1 August 2009
The U.S. hotel industry posted declines in all three key performance measurements during the week of 26 July-1 August 2009, according to data from STR
HDC attendees predict RevPAR recovery in mid 2010 and beyond
More than 50 percent of attendees who participated in a survey at STR’s inaugural Hotel Data Conference presented by Magnuson Hotels on 4-5 August believe the industry’s revenue per available room will not start to recover until at least the second half of 2010 or after.
U.S. hotel performance for the week ending 25 July 2009
STR reports U.S. hotel performance for week ending 25 July 2009
STR Global posts Middle East/Africa June 2009 results
The Middle East/Africa region suffered declines in all three key measurements in year-over-year results when reported in U.S. dollars for June 2009, according to data compiled by STR Global.
STR Global posts June 2009 results for Europe
The European hotel industry posted mixed year-over-year results when reported in U.S. dollars, euros and British pounds for June 2009, according to data compiled by STR Global.
STR Global posts June 2009 results for Asia/Pacific region
Hotels in the Asia/Pacific region experienced double-digit decreases when reported in U.S. dollars for all three key performance metrics for June 2009, according to data compiled by STR Global.