Markets & Performance USA & Canada Reports - Hospitality Net

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July 16, 2010

Video: Hotel Horizons® July Market Update

Mark Woodworth weighs in on local market changes in RevPAR and their indicators, as well as the timeliness of investing in hotel real estate. Hotel Horizons® - A series of econometrically derived reports prepared on a quarterly basis that analyzes the historical and expected performance of 50 major U.S. lodging markets, as well as our national summary report of the entire U.S. lodging industry. Hotel Horizons® reports contain five years of forecast data and five years of historical market performance information. A variety of economic, demographic, and other benchmarking statistics appear in the reports to provide the reader with a deeper understanding of local market conditions.

July 12, 2010

U.S. hotel performance for week ending 3 July 2010 | STR Reports

In year-over-year measurements, the industry's occupancy increased 10.0 percent to 63.4 percent. Average daily rate rose 1.3 percent to US$96.65. Revenue per available room jumped 11.5 percent to US$61.32.

June 14, 2010

STR reports US hotel performance for week ending 5 June 2010

The U.S. hotel industry reported mixed results in the three key performance measurements during the week of 30 May-5 June 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy increased 1.0 percent to 57.1 percent. Average daily rate dropped 2.3 percent to US$93.93. Revenue per available room decreased 1.3 percent to US$53.61.

May 28, 2010

STR reports US hotel performance for week ending 22 May 2010

In year-over-year measurements, the industry’s occupancy increased 4.0 percent to 61.6 percent. Average daily rate ended the week virtually flat with a 0.3-percent decrease to US$98.15. Revenue per available room rose 3.7 percent to US$60.49.

May 27, 2010

PricewaterhouseCoopers' Lodging Industry Forecast Anticipates Pricing Power to Return in 2011

PricewaterhouseCoopers' updated US lodging forecast expects continued recovery of demand, with the ability to increase room rates returning in 2011, after two consecutive years of decline. The initial months of 2010 suggest that a sustainable recovery of lodging demand has begun. As businesses and consumers gain further confidence in the strength of economic recovery, discretionary spending is expected to continue to increase, contributing to progressive increases in lodging demand through the remainder of 2010, though the pace of recovery is expected to moderate.

May 25, 2010

PKF-HR Updates Forecast to Show RevPAR Growth in 2010 While Profits Lag

PKF Hospitality Research (PKF-HR) today announced that, according to the May 2010 edition of Hotel Horizons®, U.S. hotels should enjoy a 1.7 percent growth in RevPAR in 2010, but bottom-line profits (NOI) will contract another 1.4 percent. The projection of growth in RevPAR for 2010 marks a very positive change in the outlook for the U.S. lodging industry since PKF-HR's last forecast published in March of 2010.

May 17, 2010

STR reports US hotel performance for week ending 8 May 2010

In year-over-year measurements, the industry’s occupancy increased 6.4 percent to 57.0 percent. Average daily rate ended the week virtually flat with a 0.8-percent decrease to US$97.08. Revenue per available room rose 5.6 percent to US$55.30.

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May 14, 2010

STR releases 2010 summer forecast

The summer travel season comprises June, July and August. STR predicts summer occupancy will increase 2.2 percent from summer 2009 to 63.1 percent, average daily rate will decrease 1.9 percent to US$95.16, and revenue per available room will end the summer virtually flat with a 0.2-percent increase to US$60.03.

May 10, 2010

Hotel Industry Leading indicator shows growth in March

The United States Hotel Industry Leading indicator, or HIL, went up 0.4 percent during March, the second monthly increase after a slight dip in January's reading, according to economic research firm e-forecasting.com in conjunction with STR. The metric rose 0.5 percent in February.

May 10, 2010

STR reports US hotel performance for week ending 1 May 2010

In year-over-year measurements, the industry’s occupancy increased 5.7 percent to 58.8 percent. Average daily rate dropped 1.5 percent to US$98.07. Revenue per available room rose 4.2 percent to US$57.62.

April 22, 2010

STR reports first-quarter results for 2010

The U.S. hotel industry reported mixed results in the three key performance metrics for first-quarter 2010 in year-over-year measurements, according to data from STR. The industry’s occupancy was up 2.3 percent to 51.9 percent, average daily rate fell 4.3 percent to US$96.27, and revenue per available room decreased 2.1 percent to US$50.01.

April 19, 2010

STR: US hotel performance week ending 10 April

In year-over-year measurements, the industry’s occupancy increased 12.6 percent increase to 59.2 percent. Average daily rate ended the week virtually flat with a 0.4-percent decrease to US$96.31. Revenue per available room for the week was up 12.1 percent to US$57.00.

April 12, 2010

Olympic Games brings success to Vancouver’s hotel industry | Deloitte Reports

Recent analysis by Deloitte, the business advisory firm, has found that revenue per available room (revPAR), a key performance indicator for the hotel industry, jumped 157.5 percent to CAD$202 in Vancouver during the month of February when it hosted the 2010 Winter Olympic Games.

Deloitte Development LLP

Vancouver, Canada

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April 12, 2010

STR: US results for week ending 3 April 2010

The U.S. hotel industry reported decreases in all three key performance measurements during the week of 28 March-3 April 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy ended the week with a 3.6-percent decrease to 54.1 percent. Average daily rate dropped 4.4 percent to finish the week at US$94.45. Revenue per available room for the week was down 7.9 percent to US$51.05.

April 7, 2010

STR projects better-than-expected 2010

The face of the U.S. hotel industry’s recovery is taking on a different look. According to STR’s revised forecast for 2010 and 2011, recovery could be influenced by things such as tax changes and health-care reform. The means a rebound will come quicker in 2010 but could get slow as 2011 unfolds.

April 5, 2010

PKF latest economic thinking behind the March - May 2010 Edition of Hotel Horizons®

Mark Woodworth, President of PKF Hospitality Research, and Robert Mandelbaum, Director of Research Information Services, walk through the latest economic thinking behind the March - May 2010 Edition of Hotel Horizons®.

April 2, 2010

STR Reports US Hotel Performance For Week Ending 27 March 2010

The U.S. hotel industry reported mixed results in the three key performance measurements during the week of 21-27 March 2010, according to data from STR. In year-over-year measurements, the industry's occupancy ended the week with a 5.9-percent increase to 59.9 percent. Average daily rate dropped 1.6 percent to finish the week at US$98.29. Revenue per available room for the week was up 4.2 percent to US$58.89.

March 26, 2010

STR reports US hotel performance for week ending 20 March 2010

In year-over-year measurements, the industry’s occupancy ended the week with a 5.2-percent increase to 61.4 percent. Average daily rate dropped 1.9 percent to finish the week at US$98.30. Revenue per available room for the week was up 3.2 percent to US$60.39.

March 24, 2010

STR reports US hotel performance for February 2010

The U.S. hotel industry posted mixed results in the three key performance measurements during February 2010, according to data from STR. In year-over-year measurements, the industry's occupancy ended the month virtually flat with a 0.9-percent increase to 53.0 percent. Average daily rate dropped 4.5 percent to finish the month at US$96.40. Revenue per available room for the month decreased 3.6 percent to finish at US$51.09.

March 22, 2010

Double-Digit Revenue Growth Lies Ahead for U.S. Hotels | PKF Hospitality research Projects

PKF-HR is forecasting hotel rooms revenue to grow 10.5 percent on a per-available-room basis (RevPAR) in 2012. "The U.S. lodging industry has not seen double-digit growth in RevPAR since the inflationary days of the late 1970s and early 1980s," said R. Mark Woodworth, president of PKF Hospitality Research. "The strong growth in RevPAR is driven by Moody's Economy.com's forecasts for income and employment. In 2012, Moody's is projecting income to grow at a 4.4 percent pace, something we have not seen since 2006. In addition, the 3.2 percent forecast growth for employment that year is an all-time high since 1988."