Reports

Report

December 22, 2010

US hotel results for November 2010 (STR)

In year-over-year measurements, the industry's occupancy was up 9.0 percent to 53.3 percent. Average daily rate ended the month with a 2.5-percent increase to US$96.70. Revenue per available room for the month rose 11.8 percent to finish at US$51.54.

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.

Report Development

December 9, 2010

U.S. Investors’ Intention to Buy Assets at Five-Year High | Jones Lang LaSalle Hotels Survey

Jones Lang LaSalle Hotels today released its bi-annual Hotel Investor Sentiment Survey, which reveals that an increased 52 percent of investors indicated a dominant ‘buy’ strategy over the next six months. Concurrently, respondents exhibited a 13 percent decrease in ‘hold’ intentions—a shift that signals that transaction velocity will increase in 2011. The firm’s proprietary survey is directed toward the world’s 6,000+ leading hotel investors and owners.

JLL

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.

CBRE Hotels

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.

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Hospitality Financial and Technology Professionals (HFTP)

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.

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.

HotelNewsNow

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.

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Hospitality Financial and Technology Professionals (HFTP)

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.

Report Development

October 14, 2010

STR reports Canadian hotel pipeline for September 2010

“The Canadian hotel development pipeline’s rooms under construction has decreased by 11.6 percent versus September 2009,” said Lana Yoshii, VP of content management at STR. “With only a 1.1-percent increase in supply during this period, new development has had sluggish growth. There are no rooms in the active pipeline phases (In Construction, Final Planning and Planning) for the Upper Upscale chain scale. The Upscale chain scale is reporting the most number of rooms currently In Construction (1,973 rooms).”

Canada

Report Development

October 13, 2010

STR reports US hotel pipeline for September 2010

The total active U.S. hotel development pipeline comprises 3,362 projects totaling 352,356 rooms, according to the September 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 21.9-percent decrease in the number of rooms in the total active pipeline compared to September 2009. 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.

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.

October 1, 2010

STR: U.S. Summer 2010 reveals strong performance gains

The U.S. hotel industry reported increases in all three key performance metrics during summer 2010, according to data from STR. Overall, summer occupancy rose 6.8 percent to 65.6 percent, average daily rate increased 1.3 percent to US$98.76 percent, and revenue per available room was up 8.2 percent to US$64.78. The summer season comprises June, July and August.

September 28, 2010

Hotel Industry Leading Indicator weakens

The United States Hotel Industry Leading Indicator decreased 0.3% during August, after an increase of 0.9% the previous month, according to economic research firm e-forecasting.com in conjunction with STR.

September 28, 2010

HVS Issues Revised Forecasts for the U.S. Lodging Industry

The outlook for 2010 is for strong demand growth, and the industry is expected to regain stabilized levels of operation by 2014. Hotel values are also improving, fueled by both stronger fundamentals and improving investment market conditions.

By Anne Lloyd-Jones, MAI, CRE, Director of Consulting & Valuation Services, National Practice Leader, at HVS New York, HVS