Regional update: 2023 data and the year ahead
Regional update: 2023 data and the year aheadThe Americas | Asia Pacific | Europe | Middle East
In this global update, we take a journey through each of the four world regions – focusing on performance, pipeline, and factors that influenced the data in 2023, while also looking ahead to what’s in store for the rest of 2024.
U.S. hotel commentary - January 2024
U.S. hotel commentary - January 2024Note: All financial figures presented in $.
Las Vegas hotels broke continental U.S. record for Saturday and Sunday ADR
Las Vegas hotels broke continental U.S. record for Saturday and Sunday ADRAnalysis by Emmy Hise, M. Brian Riley, Michael Petrivelli
Super Bowl LVIII in Las Vegas produced unprecedented hotel performance levels—not just for the Super Bowl but for any weekend in history.
2024 Total Solar Eclipse: How will the hotel performance impact stack up to 2017?
2024 Total Solar Eclipse: How will the hotel performance impact stack up to 2017?In early-April 2024, a Total Solar Eclipse will once again pass over cities across North America and drive an influx of spectators in need of overnight accommodations. That means a lift in hotel performance is once again on the horizon, but there are key differences from the last Total Eclipse in 2017.
U.S. hotel commentary - December/Full-year 2023
U.S. hotel commentary - December/Full-year 2023Note: All financial figures presented in $.
New York City and Washington, D.C. among top performing U.S. markets in 2023
New York City and Washington, D.C. among top performing U.S. markets in 2023Analysis by M. Brian Riley
In 2023, many key U.S. hotel markets caught up on recovery that was held back due to a lack of business travel. That is why markets like New York City and Washington, D.C., were atop the 2023 performance list, while growth leaders from previous years were more grounded due to diminished leisure travel.
Hotel performance standouts during Beyonce’s world tour
Hotel performance standouts during Beyonce’s world tourAnalysis by M. Brian Riley
Concerts and major events have always been important revenue opportunities for hotels, but 2023 has felt like the “year of the concert” with major tour generating headlines and lifting performance all over the world.
Taylor Swift impact grows to $208M in U.S. hotel room revenue
Taylor Swift impact grows to $208M in U.S. hotel room revenueAnalysis by M. Brian Riley
Standout markets come back to earth with more “normal” performance across the U.S.
Standout markets come back to earth with more “normal” performance across the U.S.STR’s latest 28-day visuals show markets collectively getting closer to their seasonal performance expectations. The leaders and laggards are highlighted in the “bubble” charts below with averages covering the four weeks ending 12 February.
Strong finish to 2021 for most of U.S., sizable RevPAR Gains for D.C. and New York
Strong finish to 2021 for most of U.S., sizable RevPAR Gains for D.C. and New YorkSTR’s final 51-chart map of the year shows recent national/regional trends and many states finishing 2021 strong. Further, trend lines for revenue per available room (RevPAR) on a total-room-inventory (TRI) basis provide ample evidence of the hotel industry’s extraordinary rebound, particularly in the second half of the year.
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