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.
Reports
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.
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.
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.
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.
New travelhorizons(TM) survey reveals affect of H1N1 virus on Americans' travel plans
The U.S. Centers For Disease Control and Prevention is reporting the H1N1 virus (a.k.a. the Swine Flu) is now "widespread" in 46 of 50 states. Numerous schools have been closed and public events canceled as a result. Physician visits to evaluate flu-like symptoms are also reported to be higher now than the level typically recorded at the peak of the winter flu season.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Market report: Los Angeles
Demand probably has hit bottom in Los Angeles, but rates might still have a ways to go in what looks like a challenging immediate future for one of the country’s biggest hotel markets. The market posted an 11-percent decline in demand in 2009 through July, according to data compiled by Smith Travel Research. The drop in rate was slightly less at 10.8 percent.
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.
STR posts US results for week ending 12 September 2009
The U.S. hotel industry posted declines in all three key performance measurements during the week of 6-12 September 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 14.6 percent to end the week at 52.8 percent. Average daily rate dropped 12.8 percent to finish the week at US$94.49. Revenue per available room for the week decreased 25.5 percent to finish at US$49.92.
STR reports US pipeline for August 2009
The total active U.S. hotel development pipeline includes 4,384 projects with 475,521 rooms, according to the August 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 2.5-percent decrease in the number of rooms in the total active pipeline compared to July 2009 and a 27.9-percent decrease compared to August 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.