USA & Canada Reports - Hospitality Net

Advertisement

Report Markets & Performance

June 11, 2009

U.S. Lodging Turning Point Arrives | But Growth Remains on Distant Horizon

PKF Hospitality Research (PKF-HR) today announced that, according to its June 2009 edition of Hotel Horizons®, rooms revenue per available room (RevPAR) will reach its cyclical low point in the third quarter of 2009. This will bring to a close the escalating trend of declines in RevPAR that began in the third quarter of 2008, according to Smith Travel Research (STR). In May 2009, Moody’s Economy.com downgraded its outlook of a 2.9 percent national employment decline to 3.8 percent, causing PKF-HR to revise its RevPAR forecast for the year. Given the correlation between employment and lodging demand, the new expectation is for RevPAR to decline 17.5 percent in 2009, followed by another 3.5 percent decline in 2010.

Report Markets & Performance

June 11, 2009

Resort segment feels downturn pinch | hotelnewsnow.com

More than 300 properties representing 158,300 rooms are defined as destination resorts in STR’s U.S. lodging census database. We classify these resorts as full-service upscale (chain scale) and above or upper-tier independent hotels. This exclusive group of properties is appealing to leisure and family vacation-oriented travelers, located in “resort” locales and is considered a group of self-contained destinations typically offering golf, tennis, ski, spa and beach-related amenities. More than 41 percent of resorts rooms are located in Florida followed by California with 12.2 percent.

Report Technology

June 10, 2009

Hitwise Monthly Travel Category Report - May 2009

This monthly report provides Hitwise data on: The websites That Entered and Left the Top 100 Travel Category websites - Top 20 websites for the past month based on visits - Most popular search terms typed into a search engine that resulted in traffic to websites classified by Hitwise within the Travel industry. The Traffic Distribution Analysis of visits to the Travel category - The Visits Duration Analysis to the Travel Category - Fast Movers - indicating websites which have witnessed substantial increases in rank in the online Travel industry

Report Markets & Performance

June 9, 2009

Hotels Keep Customers Happy Despite Cuts in Staff and Service

Customer satisfaction with hotels remained strong (unchanged at 82.9) but airlines (-1.9 to 75.8) and rental car (-0.3 to 79.0) scores declined in the first quarter of 2009. Mandarin Oriental Hotels, JetBlue Airlines, and Enterprise Rent-a-Car ranked number one in hotel, airline, and rental car industry customer satisfaction, respectively.

Clarabridge (former Market Metrix)

June 9, 2009

U.S. hotel industry enters 19th month of recession

This morning, the economic research firm e-forecasting.com, in conjunction with STR, announced that following a decline of 1.1 percent in April, HIP declined 1.3 percent in May. HIP, the Hotel Industry Pulse index, is composite indicator that gauges business activity in the U.S. hotel industry in real-time. The latest decrease brought the index to a reading of 83.1. The index was set to equal 100 in 2000.

June 5, 2009

US results for 24-30 May 2009 | STR

The U.S. hotel industry posted declines in all three key performance measurements during the week of 24-30 May 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 10.2 percent to end the week at 51.6 percent. Average daily rate dropped 9.6 percent to finish the week at US$93.00. Revenue per available room for the week decreased 18.9 percent to finish at US$47.96.

Report Markets & Performance

June 1, 2009

HVS 2009 Manhattan Hotel Market Overview

HVS Global Hospitality Services, in cooperation with New York University’s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, is pleased to present the twelfth annual Manhattan Hotel Market Overview. For most U.S. hotel markets, 2008 represented the first year of the recession; however, the Manhattan lodging market was able to weather the economic downturn during the first nine months of the year and closed 2008 with moderate growth, remaining the top-performing market in the U.S. An analysis of the monthly trends for 2008 reveals that the Manhattan market experienced a RevPAR increase of 9.0% through September, followed by its first decrease in RevPAR since June 2003 as the economic recession heightened

New York, New York, United States

Ad AI Hospitality

Ernest - Lighthouse's AI for hoteliers

"Just tell me why my weekend pickup dropped." With Ernest, now you can ask your commercial data anything, and act on the answer.

May 31, 2009

US results for 17-23 May 2009 | STR

The U.S. hotel industry posted declines in all three key performance measurements during the week of 17-23 May 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.1 percent to end the week at 59.4 percent. Average daily rate dropped 9.3 percent to finish the week at US$98.31. Revenue per available room for the week decreased 19.4 percent to finish at US$58.39.

May 31, 2009

Don't Try To Time The Market

The silverlining of an economic downturn is the great buying opportunity it creates for those with capital to invest. This down cycle is developing into what will probably become one of the best times to acquire hotels since 1991. The difference this time is the current recession wasn't preceded by overbuilding. Because the hotel industry is facing only a demand problem, and not oversupply of rooms that first needs to be absorbed. The Questions I'm asked the most by hotel buyers are: "When is the best time to buy? When will I get the most for my money? Should I hold off untill the prices really tank? How much will hotel values fall? How fast will they recover?". Let's try to asnwer these important questions.

By Stephen Rushmore, Hotel Valuation Expert and Founder of HVS, Hotel Valuation Software

Report Sales & Marketing

May 29, 2009

New National Travel MONITOR Reveals Changes In Leisure Travelers' Online Search Behavior

While the percentage of leisure travelers who report making reservations online has grown more than thirty-seven percent (37%) since the year 2000, "Consumers' search behavior has changed in recent years as people have become more familiar with search technology and the number of travel planning/purchasing sites has grown exponentially," said Peter C. Yesawich, chairman and CEO of Ypartnership.

May 27, 2009

STR reports US hotel performance for April 2009

The U.S. hotel industry posted declines in all three key performance measurements during April, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.1 percent to end the month at 56.4 percent. Average daily rate dropped 9.4 percent to finish the month at US$98.37. Revenue per available room for the month decreased 19.5 percent to finish at US$55.48.

Report Markets & Performance

May 25, 2009

JLLH US Hotel Investor Survey shows two-year outlook

Jones Lang LaSalle Hotels today released its bi-annual Hotel Investor Sentiment Survey which shows hotel investors’ sentiment for short–term performance ?defined as six-months? declined to a new low, reaching -57.5 percent in the Americas compared with previous sentiment of -52.5 percent following 9/11. Investors’ short-term sentiment for industry performance remains subdued as economic strain continues to weigh down hotel markets across the Americas.

Report Markets & Performance

May 22, 2009

STR posts Canada results for week ending 16 May 2009

The Canadian hotel industry posted decreases in all three key performance measurements during the week of 10-16 May, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.2 percent to end the week at 61.1 percent. Average daily rate dropped 8.8 percent to finish the week at CAD$124.96. Revenue per available room for the week decreased 19.0 percent to finish at CAD$76.41.

Report Markets & Performance

May 15, 2009

STR reports Canada performance for week ending 9 May 2009

The Canadian hotel industry posted decreases in all three key performance measurements during the week of 3-9 May, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 12.6 percent to end the week at 59.4 percent. Average daily rate dropped 7.3 percent to finish the week at CAD$125.61. Revenue per available room for the week decreased 19.1 percent to finish at CAD$74.61.

Report Markets & Performance

May 15, 2009

STR reports US hotel performance for week ending 9 May 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 3-9 May 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 14.0 percent to end the week at 53.6 percent. Average daily rate dropped 9.8 percent to finish the week at US$97.58. Revenue per available room for the week decreased 22.4 percent to finish at US$52.32. Of the Top 25 Markets, Nashville, Tennessee, was the only market to report a increase in any of the three key performance measurements, increasing in ADR 0.3 percent to US$101.66.

May 15, 2009

PKF Hospitality Research Reports Good News, Bad Numbers for 2008 | Expects Fixed Costs to be a Problem in 2009

The good news is that when faced with lower levels of business in 2008, U.S. hotel managers cut operating costs by 0.3 percent. Unfortunately, total hotel revenues dropped 1.3 percent, resulting in a 3.8 percent decline in net operating income for the average U.S. hotel according to findings released today by PKF Hospitality Research (PKF-HR) in its 2009 edition of Trends® in the Hotel Industry. Given the depth and breadth of the continuing economic downturn, further expense cuts will not be enough to offset the anticipated declines in revenue in 2009.

Report Development

April 29, 2009

U.S. Hotel Construction Pipeline Decelerating Rapidly

In Q1 2009, the US Construction Pipeline decelerated rapidly and now stands at 4,918 projects / 619,431 rooms. Compared to the Pipeline peak in Q2 2008, this is a drop of 16% by projects and 21% by rooms, a substantial fall-off for a three-quarter period. Current pipeline trends are beginning to reflect the deep recession in the economy, the banking crisis, the evaporation of mortgage lending, and serious shortfalls in lodging operating performance.

Lodging Econometrics

Report Markets & Performance

April 29, 2009

STR releases updated projections for 2009 and 2010

STR projects a 9.8-percent year-over-year decline in revenue per available room for 2009, and it expects a 1.5-percent increase in 2010, according to the latest data released from the Hendersonville-based company. A difficult environment resulted in a 17.7-percent RevPAR decline in the first quarter of 2009 and led to the company revising its forecast. STR expects the second quarter to continue to be challenging before the industry’s performance slows its slide during the third and fourth quarters.

Report Markets & Performance

April 24, 2009

STR posts U.S. Hotel Performance for March 2009

The U.S. hotel industry posted declines in all three key performance measurements during March 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy in March fell 11.6 percent to end the month at 55.2 percent (62.5 percent in March 2008). Average daily rate dropped 9.6 percent to finish the month at US$99.42 (US$109.97 in March 2008). Revenue per available room for the month decreased 20.0 percent to finish at US$54.93 (US$68.69 in March 2008).

Report Markets & Performance

April 24, 2009

STR posts U.S. results for week ending 18 April 2009

The U.S. hotel industry posted declines in three key performance measurements during the week of 12-18 April 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 10.7 percent to end the week at 57.4 percent. Average daily rate dropped 10.3 percent to finish the week at US$97.25. Revenue per available room for the week decreased 19.9 percent to finish at US$55.83.

Technology 6 hours ago

RoomPriceGenie launches Portfolio Calendar to give hotel groups clearer control of revenue performance

RoomPriceGenie's Portfolio Calendar gives multi-property hotel groups a single dashboard view of occupancy, ADR, RevPAR, and pricing across all properties to streamline revenue oversight.

Steinhausen, Switzerland

Technology 7 hours ago

VDA Telkonet and Cloudbeds Announce Strategic Partnership to Connect Smart Room Automation with Cloud Hospitality Management

VDA Telkonet and Cloudbeds will integrate guestroom automation with Cloudbeds PMS to auto-trigger room settings at check-in, with commercial availability planned for Q1 2027.

Technology 8 hours ago

Avalora Introduces Cross-Platform Guest Intelligence™

Avalora launched Cross-Platform Guest Intelligence (CPGI) at The Hospitality Show in Miami Beach, an AI platform that aggregates guest interaction data across hotel systems to surface revenue and service insights.

Miami Beach, Florida, United States

Development 11 hours ago

Realtime Reservation appoints Ricky Castoldi as Chief Sales Officer

Ricky Castoldi, formerly CSO at Cendyn, joins RTR to lead global sales following the company's acquisition of Spanish firm Stay.

RealTime Reservation LLC

What is Hospitality Net known for?

Online since 1994Three decades of industry trustStill the leading voice

Thanks for being here

Create an account to receive Hospitality Net’s daily briefing in your inbox.

World Travel Market London 2026 (WTM)

Nov 3 - 5, 2026

London, United Kingdom

China International MICE Exchange (CIMX)

Nov 3 - 5, 2026

HSMAI Europe Fall Curate London

Nov 4, 2026

Londen, United Kingdom

HITEC Paris

Nov 5, 2026

Commercial Strategy Forum Paris

Nov 5, 2026