Markets & Performance USA & Canada Reports - Hospitality Net

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November 18, 2009

Hotel Industry’s Pulse index shows small gain

Economic research firm e-forecasting.com, in conjunction with Smith Travel Research, has announced the Hotel Industry’s Pulse index edged back up in October after hitting a snag the previous month. After stalling in September with a decline of 0.7 percent, the Hotel Industry’s Pulse index, or HIP, went up 0.2 percent in October. HIP is a composite indicator that gauges business activity in the U.S. hotel industry in real-time, similar to a gross domestic product measure for the industry. The latest monthly change brought the index to a reading of 81.0. The index was set to equal 100 in 2000.

November 9, 2009

PricewaterhouseCoopers U.S. Lodging Industry Update Forecasts Beginning of Lodging Demand Recovery in 2010

PricewaterhouseCoopers updated U.S. lodging forecast, released today, reflects performance during the initial stages of economic recovery and the continued expectation that lodging demand will begin to recover in 2010. While occupancy levels and average daily rates (ADR) in the last quarter of 2009 are expected to remain below levels from one year ago, resulting in a 16.4 percent decrease in room revenue per available room (RevPAR) in 2009, PricewaterhouseCoopers expects hotel occupancy rates will increase in 2010. However, 2010 ADR levels are expected to remain below 2009 room rate levels.

November 6, 2009

STR reports US performance for week ending 31 October

The U.S. hotel industry posted declines in all three key performance measurements during the week of 25-31 October 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 7.2 percent to end the week at 51.8 percent. Average daily rate dropped 7.2 percent to finish the week at US$98.99. Revenue per available room for the week decreased 13.8 percent to finish at US$51.28.

November 6, 2009

STR reports Canada performance for week ending 31 October

In year-over-year measurements, the industry’s occupancy decreased 6.7 percent to 55.7 percent, ADR dropped 6.4 percent to CAD$122.77, and RevPAR decreased 12.6 percent to CAD$68.40.

November 2, 2009

Outlook for the U.S. Lodging Industry

Duane Vinson, VP at Smith Travel Research presented this data to attendees of the U.S. Travel Association Marketing Outlook Forum in Little Rock, Arkansas.

November 2, 2009

U.S. hotel performance for the week ending 24 October 2009 | STR

The U.S. hotel industry posted declines in all three key performance measurements during the week of 18-24 October 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 6.3 percent to end the week at 59.0 percent. Average daily rate dropped 8.3 percent to finish the week at US$100.04. Revenue per available room for the week decreased 14.1 percent to finish at US$59.03.

October 30, 2009

STR reports Canada performance for week ending 24 October

The Canadian hotel industry posted declines in all three key performance measurements during the week of 18-24 October, according to data from STR. In year-over-year measurements, the industry’s occupancy decreased 5.9 percent to end the week at 67.4 percent. Average daily rate dropped 4.7 percent to finish the week at CAD$127.68. Revenue per available room for the week decreased 10.3 percent to finish at CAD$86.05.

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October 26, 2009

STR reports U.S. hotel industry performance results for third quarter 2009

The U.S. hotel industry reported decreases in all three key metrics for third quarter 2009 in year-over-year measurements, according to data from STR. In year-over-year measurements, the industry’s occupancy dropped 7.9 percent to 60.5 percent, average daily rate fell 9.8 percent to US$96.84, and revenue per available room decreased 16.9 percent to US$58.61.

October 26, 2009

Third quarter still weak in STR quarterly results

Revenue per available room for third quarter 2009 dropped 16.9 percent to US$58.61 in year-over-year comparisons, showing minimal improvement from the previous two quarters, according to Smith Travel Research.

October 23, 2009

STR reports US hotel performance for week ending 17 October 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 11-17 October 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 8.1 percent to end the week at 58.9 percent. Average daily rate dropped 8.5 percent to finish the week at US$99.14. Revenue per available room for the week decreased 16.0 percent to finish at US$58.42.

October 21, 2009

Group Pricing Survey Results: Rate Trends Will Get Worse Before They Get Better

PKF Hospitality Research released their updated forecasts covering the domestic lodging industry in late August 2009. Per these estimates, Revenue per Available Room (“RevPAR”) in the United States is expected to decline 18.5 percent this year, and another 2.7 percent in 2010.

October 19, 2009

U.S. hotel performance for the week ending 10 October 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 4-10 October 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 5.4 percent to end the week at 59.8 percent. Average daily rate dropped 7.0 percent to finish the week at US$99.21. Revenue per available room for the week decreased 12.0 percent to finish at US$59.28.

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October 15, 2009

STR reports U.S. hotel pipeline for September 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. This represents a 31.1-percent decrease in the number of rooms in the total active pipeline compared to September 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.

October 15, 2009

STR reports Canadian hotel pipeline for September 2009

At the end of the third quarter of the calendar year, the Canadian hotel development pipeline includes 216 projects comprising 24,462 rooms, according to the September 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 1.8-percent decrease in the number of rooms in the pipeline compared to August 2009 and a 5.3-percent increase in the number of rooms in the pipeline compared to September 2008.

October 13, 2009

STR's October forecast holds steady

As we close the summer travel season and move into the fourth quarter, there are pressing questions that will be answered in the coming months. The declines in revenue per available room we’ve experienced throughout the past year started in August 2008, but those losses begin to pick up steam in the fourth quarter (particularly November). As we come to conference season again, our outlook for 2010 and 2011 will depend heavily on the performance data we see during the next two months.

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October 12, 2009

U.S. Hotel Review for week ending 3 October | STR

The U.S. hotel industry posted declines in all three key performance measurements during the week of 27 September - 3 October 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 5.8 percent to end the week at 55.8 percent. Average daily rate dropped 8.3 percent to finish the week at US$95.51. Revenue per available room for the week decreased 13.7 percent to finish at US$53.30.

October 5, 2009

STR reports U.S. hotel performance for week ending 26 September 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 20-26 September 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 7.2 percent to end the week at 59.8 percent. Average daily rate dropped 10.1 percent to finish the week at US$100.30. Revenue per available room for the week decreased 16.6 percent to finish at US$59.94.

September 27, 2009

STR reports US performance for week ending 19 September

The U.S. hotel industry posted declines in all three key performance measurements during the week of 13-19 September 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 8.6 percent to end the week at 59.6 percent. Average daily rate dropped 10.5 percent to finish the week at US$98.34. Revenue per available room for the week decreased 18.3 percent to finish at US$58.57.

September 18, 2009

U.S.: What a Difference a Half Decade Makes | PKF Reports

The extended industry contraction that began in mid 2008 continues through the third quarter of 2009. Based on first half actual data from Smith Travel Research and the economic outlook from Moody’s Economy.com as of July of this year, the RevPAR change low point of the current cycle occurred during the second quarter of 2009. Is a recovery imminent? No. The August 2009 PKF Hospitality Research Hotel Horizons® forecast calls for record declines this year, and it will not be until 2011 that annual RevPAR levels increase.

September 10, 2009

PricewaterhouseCoopers Revised Forecast Reflects Improving Economic Conditions

PricewaterhouseCoopers (PwC) LLP updated US lodging forecast reflects improved economic conditions and a resumption of economic growth in the second half of 2009. While occupancy levels and average daily rates (ADR) in the second half of 2009 are expected to remain below year ago levels, resulting in a 16.1 percent decrease in room revenue per available room (RevPAR) in 2009, PricewaterhouseCoopers expects that average daily rates (ADR) will continue to decline in 2010. This rate weakness is expected to be off-set by a 1.1 percent increase in occupancy, resulting in stable RevPAR levels in 2010.