Str News Page 11
STR Global posts Americas performance results for June 2009
The Americas region recorded declines in all three key performance metrics when reported in U.S. dollars for June 2009, according to data compiled by STR and STR Global.
STR reports U.S. results for first-half 2009
The U.S. hotel industry revenue per available room dropped 18.7 percent to US$53.87 percent for the first half of 2009 in year-over-year measurements, according to data from STR
STR Global releases May 2009 European Hotel Review
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
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.
U.S. Hotel performace for May 2009
The U.S. hotel industry posted declines in all three key performance measurements during May, according to data from STRIn year-over-year measurements, the industry’s occupancy fell 11.8 percent to end the month at 55.7 percent. Average daily rate dropped 9.8 percent to finish the month at US$97.03. Revenue per available room for the month decreased 20.4 percent to finish at US$54.05.
Industry posts record revenue in 2008, other metrics slide
The U.S. hotel industry average daily rate reached a record high, ending 2008 at US$106.55, but Pre-Tax Income Profits for the year were down 7.9 percent to US$25.8 billion, according to STR’s Hotel Operating Statistics Study.
STR Global releases market performance data for Mauritius and Maldives
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.
U.S. Hotel performance for the week ending 13 June 2009
The U.S. hotel industry posted declines in all three key performance measurements during the week of 7-13 June 2009, according to data from STR.
STR Global reports Germany’s top four ADR performers
Average room rate performance for Germany’s cities so far this year varies dramatically according to data from STR Global, the leading provider of market information to the world’s hotel industry.
US hotel pipeline for May 2009
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
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.
STR Global releases performance results for Germany
Whilst the circumstances are different, data from STR Global, the leading provider of market information to the world’s hotel industry, shows that Germany’s hoteliers might be holding their nerve more than in the previous recession.