Industry Updates

Analysis by Chris Klauda

Analysis by Audrey Kallman

Taylor Swift said, “so long, London,” and made her way back to North America for her final leg of the Eras Tour. 

The conclusion ended with 18 shows – split evenly between U.S. and Canadian markets.

Analysis by Isaac Collazo

U.S. hotel conversion activity, which involves changing an existing hotel from its independent status, or affiliating it with a new brand; continues to trend below the long-term average of the 20-year period ending 2019. We are benchmarking to this period given that it excludes the disruption in hotel development brought about by the pandemic

Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance. 

Analysis by Audrey Kallman

In the U.S., it costs about $9 more to staff a hotel room than in 2023. 

Analysis by Isaac Collazo

Two significant changes will impact travel in the U.S. this holiday season. 

Analysis by M. Brian Riley

Note: All financial figures presented in US$.

STR's global "bubble chart" update for the four weeks ending 9 November 2024 shows 84% of global markets with year-over-year growth in revenue per available room (RevPAR), a gain of seven percentage points from last month’s update (77%)

Analysis by Chris Klauda

Analysis by M. Brian Riley

Note: All financial figures presented in US$.

STR's global "bubble chart" update for the four weeks ending 12 October 2024 shows 77% of markets with year-over-year growth in revenue per available room (RevPAR). That was a substantial 14-point increase in the proportion of global hotel markets experiencing matched period RevPAR gains in last month's update 

Analysis by Kelsey Fenerty 

American outbound travel was much stronger than anticipated across European markets this year, in part due to mega events such as the Summer Olympics and Taylor Swift’s Eras Tour. With the summer months past us, conversations are now swirling around how the U.S. presidential election will impact tourism outside of North America.