USA & Canada Reports - Hospitality Net

April 10, 2009

STR posts U.S. results for week ending 4 April 2009

The U.S. hotel industry posted declines in all three key performance measurements during the week of 29 March-4 April 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 9.9 percent to end the week at 56.2 percent (62.3 percent in the comparable week in 2008). Average daily rate dropped 9.0 percent to finish the week at US$98.79 (US$108.59 in the comparable week in 2008). Revenue per available room for the week decreased 18.0 percent to finish at US$55.49 (US$67.68 in the comparable week in 2008).

CoStar

United States

Report Finance

April 7, 2009

Ernst & Young Survey Finds Major Global Hotel Operators Refocusing Operations, Fortifying Cash Positions to Navigate Downturn and Position for Future Growth

Hotel owners and management companies are accelerating efforts to fortify cash positions in a bid to survive the current downturn and to strategically position their businesses for mid-term and long-term growth, according to a survey by Ernst & Young LLP. "Many hotel enterprises have identified and continue to identify ways to more closely manage costs. They are intensifying their focus and practices around risks and controls, with an objective of emerging from the current downturn stronger. Those that are effective will remain competitive in the short-term, and will attract more capital and accelerate their growth in the next up-cycle," says Michael Fishbin, National Director, Ernst & Young LLP Hospitality Services Group.

Ernst & Young

United States

Report Finance

April 3, 2009

STR reports U.S. data for week ending 28 March

The U.S. hotel industry posted declines in three key performance measurements during the week of 22-28 March 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 12.3 percent to end the week at 56.6 percent (64.6 percent in the comparable week in 2008). Average daily rate dropped 8.8 percent to finish the week at US$99.77 (US$109.34 in the comparable week in 2008). Revenue per available room for the week decreased 20.0 percent to finish at US$56.50 (US$70.61 in the comparable week in 2008).

CoStar

United States

Report Finance

April 3, 2009

Market Report: New York City

As the saying goes, the bigger they come, the harder they fall. And the New York City hotel market, which had started to achieve new peaks of performance, has tumbled badly since October 2008. Almost to the day that Lehman Brothers collapsed, the NYC hotel market has been weakening. But the weakness in the financial markets only tells part of the story. This article will examine the recent trends in New York hotel market conditions and provide some insight into what the future might hold.

HotelNewsNow

New York, New York, United States

Report Finance

April 3, 2009

STR reports Canada data for week ending 28 March

The Canadian hotel industry posted decreases in all three key performance measurements during the week of 22-28 March 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 3.8 percent to end the week at 57.5 percent. Average daily rate dropped 3.0 percent to finish the week at CAD$120.20. Revenue per available room for the week decreased 6.8 percent to finish at CAD$69.06.

CoStar

Canada

Report Finance

March 26, 2009

Hotel Investment Activity in Canada Witnesses Significant Decline According to Colliers International Hotels’ Annual Report

The global credit crunch and the recession that followed have hit the Canadian hotel real estate sector, which experienced a 77 per cent decline in investment activity, falling to $1.1 billion over the past year, according to Colliers International Hotel’s 2009 Canadian Hotel Investment Report released today. The report also found the average price per room fell by 25 per cent to $116,500 in 2008 from $154,200 the previous year.

Colliers International

Canada

Report

March 13, 2009

STR releases weekly Canada hotel data

The Canadian hotel industry posted declines in all three key performance measurements during the week of 1-7 March 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 12.9 percent to end the week at 55.4 percent. Average daily rate dropped 3.4 percent to finish the week at CAD$125.95. Revenue per available room for the week decreased 15.8 percent to finish at CAD$69.83.

CoStar

Canada

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.

Lighthouse

Ad Media Kit

Discover our commercial offerings

Explore our full range of membership, collaboration, and advertising opportunities — now in one place.

Hospitality Net

Sustainability 9 hours ago

Beyond Commitments: The Standards Behind GCSTIMES' Sustainability Practices

GCSTIMES outlines its sustainability credentials for hotel key cards and hospitality supplies, including FSC CoC, ISO 14001, ISO 9001, and an EcoVadis scorecard.

GCSTIMES

Development Yesterday

Access Point Financial Releases State of the Hotel Construction Loan Report

APF's five-page report covers hotel construction loan trends, highlighting rising costs, CMBS maturities, supply constraints, and a shift toward renovations and acquisitions over new builds.

Access Point Financial, LLC

United States

Technology Yesterday

Microsoft Renews Ireckonu’s Trusted AI and Data Solutions Partner Status

Ireckonu has renewed its Microsoft Solutions Partner designations in Data AI and Digital App Innovation for 2027, confirming enterprise-grade standards for its guest data and AI platform built on Azure.

Ireckonu

Technology Yesterday

As Costs Outpace RevPAR, LodgIQ Puts Hotel Profitability at the Center of Its New Commercial Performance Platform

LodgIQ relaunches its website and repositions as a Hotel Commercial Performance Platform, combining AI-powered RMS and conversational AI to help hoteliers protect margins amid rising labor costs.

LodgIQ™

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.

Create Account