Markets & Performance USA & Canada Reports - Hospitality Net

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February 22, 2012

HVS Market Intelligence Report: Downtown Brooklyn, New York

When we talk about "gateway" cities, Brooklyn is the real deal. Immigrants have come to the U.S. through Brooklyn for centuries, and the area's exponential expansion has resulted in approximately 2.5 million residents, 33,000 businesses, 410,000 employees, and a legacy of culture and commerce that continues to send out roots. New York's most populous borough offers lower operating costs and ample commercial and industrial space compared with Manhattan, two factors that have helped promote business growth and demand for area hotels.

By Marina Kazartseva

Brooklyn, New York, United States

March 7, 2011

STR: US hotel performance week ending 26 Feb. 2011

The U.S. hotel industry reported increases in all three key performance metrics during the week of 20-26 February 2011, according to data from STR. In year-over-year comparisons, occupancy increased 8.4 percent to 59.9 percent, average daily rate was up 3.4 percent to US$99.38, and revenue per available room finished the week up 12.1 percent to US$59.54.

February 7, 2011

STR: US hotel performance for week ending 29 Jan. 2011

The U.S. hotel industry reported single-digit increases in all three key performance metrics during the week of 23-29 January 2011, according to data from STR. In year-over-year comparisons, occupancy increased 6.7 percent to 52.0 percent, average daily rate was up 2.7 percent to US$97.63, and revenue per available room finished the week up 9.6 percent to US$50.75.

January 27, 2011

STR reports U.S. Q4 2010 results

The U.S. hotel industry reported increases in all three key performance metrics for fourth-quarter 2010 in year-over-year measurements, according to data from STR.

January 10, 2011

STR reports US hotel performance for week ending 1 January 2011

The U.S. hotel industry reported single-digit increases in all three key performance metrics during the week of 26 December 2010-1 January 2011, according to data from STR.

January 6, 2011

US Hotel industry recovery continues to slow | Hotel Industry Pulse Index

The Hotel Industry's Pulse Index, or HIP, is a composite indicator that gauges business activity in the United States hotel industry in real-time, similar to a GDP measure for the industry. The latest monthly change brought the index to a reading of 89.9. The index was set to equal 100 in 2000.

December 24, 2010

STR reports US hotel performance for week ending 18 December 2010

The U.S. hotel industry posted increases in the three key performance measurements during the week of 12-18 December 2010, according to data from STR. In year-over-year measurements, the industry's occupancy rose 9.4 percent to 46.5 percent, average daily rate increased 4.1 percent to US$91.66, and revenue per available room went up 14.0 percent to US$42.61.

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

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Hospitality Financial and Technology Professionals (HFTP)

December 23, 2010

CB Richard Ellis Analysis Anticipates U.S. RevPAR Growth of 1.6% in 2011

The recovery in the U.S. hotel sector will continue in 2011 and begin to accelerate in 2012, according to a new analysis from CB Richard Ellis Econometric Advisors (CBRE-EA). CBRE-EA forecasts that RevPAR1 for "full service" hotels will improve 1.6% over the next year and 4.4% over two years, rising to $94.21 in 3Q2011, and $98.34 in 3Q 2012. In the "limited service" category, RevPAR will grow 2.6% over the next year and 6.5% over two years, reaching $48.00 in 3Q 2011, and $51.12 in 3Q2012.

CB Richard Ellis

December 20, 2010

STR reports US hotel performance for week ending 11 December

The U.S. hotel industry reported increases in all three key performance metrics during the week of 5-11 December 2010, according to data from STR. In year-over-year comparisons, occupancy increased 8.6 percent to 52.2 percent, average daily rate was up 2.6 percent to US$98.75, and revenue per available room ended the week up 11.5 percent to US$51.56.

December 8, 2010

PKF-Hospitality Research's December Hotel Horizons® Shows U.S. Lodging Demand Growth at 7.8% for 2010

The recovery of the U.S. lodging industry continues to improve, buoyed by a sustained expansion in the demand for hotel rooms across the country. Accordingly, Colliers PKF Hospitality Research (PKF-HR) has edged up its forecasts for U.S. hotel performance for 2010 and re-affirmed the outlook for 2011. In the recently released December 2010 edition of Hotel Horizons®, PKF-HR forecasts that lodging demand will grow 7.8 percent in 2010. This is nearly four times greater than the 2.0 percent increase in hotel supply, resulting in a record 5.7 percent rise in occupancy.

December 6, 2010

STR reports US hotel performance for week ending 27 November 2010

The U.S. hotel industry reported increases in all three key performance metrics during the week of 21-27 November 2010, according to data from STR. In year-over-year comparisons, occupancy increased 7.0 percent to 43.6 percent, average daily rate was up 2.9 percent to US$87.53, and revenue per available room ended the week up 10.1 percent to US$38.16.

November 24, 2010

STR releases updated 2010, 2011 forecast

The U.S. hotel industry is projected to end 2010 with increases in two of the three key performance measurements, according to STR's forecast update. STR projects 2010 occupancy will increase 5.3 percent to 57.4 percent, average daily rate is expected to end the year virtually flat with a 0.1-percent decrease to US$97.92, and revenue per available room is projected to rise 5.2 percent to US$56.23.

November 24, 2010

U.S. hotel performance for October 2010

In year-over-year measurements, the industry's occupancy was up 6.9 percent to 61.3 percent. Average daily rate ended the month with a 1.2-percent increase to US$100.89. Revenue per available room for the month rose 8.2 percent to finish at US$61.89.

November 22, 2010

STR reports US hotel performance for week ending 13 November

In year-over-year comparisons, occupancy increased 11.1 percent to 58.4 percent, average daily rate was up 2.7 percent to US$98.77, and revenue per available room ended the week up 14.1 percent to US$57.65.

Visit HITEC 2026 in San Antonio!

HITEC is the center for the latest conversations on hospitality technology. Come and see the technology shaping the industry.

Hospitality Financial and Technology Professionals (HFTP)

November 15, 2010

STR reports US hotel performance for week ending 6 November 2010

In year-over-year comparisons, occupancy increased 6.2 percent to 58.2 percent, average daily rate was up 1.9 percent to US$99.29, and revenue per available room ended the week up 8.2 percent to US$57.75.

November 11, 2010

Hotel Industry Leading Indicator weakens

The U.S. Hotel Industry Leading Indicator decreased 1.1% during September after a slight drop of 0.5% during August, reports economic research firm e-forecasting.com in conjunction with STR. The U.S. Hotel Industry Leading Indicator, or HIL, is a monthly leading indicator for the U.S. hotel industry that, on average, leads the industry’s business activity four to five months in advance. The latest monthly change brought the index to a reading of 113.3. The index was set to equal 100 in 2000.

November 4, 2010

The U.S. RevPAR recovery race | hotelnewsnow.com

The RevPAR recovery race article series continues with September and third-quarter results. Overall—and as might be anticipated by loyal readers—New Orleans continues to lead the race with only 3.3% RevPAR growth needed to match its September 2008 RevPAR peak.

November 1, 2010

STR reports U.S. third-quarter 2010 results

The industry’s occupancy was up 6.7 percent to 63.9 percent, average daily rate rose 1.6 percent to US$99.07, and revenue per available room increased 8.4 percent to US$63.34. Year-to-date 2010, occupancy increased 5.2 percent to 58.9 percent, ADR fell 0.7 percent to US$97.89, and RevPAR was up 4.5 percent to US$57.70.

October 18, 2010

STR reports US hotel performance for week ending 9 October

In year-over-year comparisons, occupancy increased 6.5 percent to 63.6 percent, average daily rate was up 2.2 percent to US$101.58, and revenue per available room ended the week up 8.8 percent to US$64.62.

October 4, 2010

STR reports US hotel performance for week ending 25 September

In year-over-year comparisons, occupancy increased 7.5 percent to 64.2 percent, average daily rate was up 2.6 percent to US$103.09, and revenue per available room ended the week up 10.3 percent to US$66.15.