The number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020, according to December 2021 pipeline data from STR.
Reflecting post-holiday seasonality, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 8 January.
Red Roof®, the leader in upscale economy lodging, with continued increased demand, now has surpassed 60,000 guestrooms across the United States. Red Roof’s strong growth in 2021 outperformed 2019 results, which was the best performance in the company’s 49-year history.
Hotel average daily rate (ADR) and revenue per available room (RevPAR) in the Los Angeles market are projected to reach the second-highest levels for any Super Bowl weekend on record, according to STR’s forecasting team.
The Baird/STR Hotel Stock Index jumped 12.7% in December to a level of 5,744. For 2021 as a whole, the stock index was up 25.6%.
U.S. hotel average daily rate (ADR) reached an all-time weekly high, according to STR‘s latest data through 1 January.
U.S. hotel occupancy came in lower than the previous week but reached an all-time high on Christmas, according to STR‘s latest data through 25 December.
Canada’s hotel industry reported slightly lower performance levels from the month prior, but indexed comparisons with 2019 were better, according to STR’s November 2021 data.
U.S. hotel performance surpassed the levels seen during the comparable week of 2019, according to STR‘s latest data through 18 December.
The U.S. hotel industry reported lower performance than the month prior but better indexed comparisons with 2019, according to November 2021 data from STR.