Reports

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.

CoStar

United States

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

United States

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.

CoStar

United States

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.

CoStar

United States

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).”

CoStar

Canada

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.

CoStar

United States

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.

CoStar

United States

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.

CoStar

United States

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.

CoStar

United States

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

United States

STR reports US hotel performance for week ending 18 September

In year-over-year comparisons, occupancy increased 6.7 percent to 63.5 percent, average daily rate was up 1.8 percent to US$100.25, and revenue per available room ended the week up 8.6 percent to US$63.66. Among the Top 25 Markets, New Orleans, Louisiana, reported the largest occupancy increase, rising 34.4 percent to 53.9 percent, followed by Detroit, Michigan (+18.2 percent to 62.8 percent), and Minneapolis-St. Paul, Minnesota-Wisconsin (+16.0 percent to 78.0 percent).

CoStar

United States

STR reports US hotel performance for August 2010

The U.S. hotel industry posted increases in all three key performance measurements during August 2010, according to data from STR. In year-over-year measurements, the industry’s occupancy was up 6.4 percent to 63.9 percent. Average daily rate ended the month with a 1.5-percent increase to US$98.69. Revenue per available room for the month rose 8.1 percent to finish at US$63.08.

CoStar

United States

STR reports US hotel performance for week ending 11 September 2010

In year-over-year comparisons, occupancy increased 2.7 percent to 54.2 percent, average daily rate fell 2.0 percent to US$92.84, and revenue per available room ended the week virtually flat with a 0.7-percent increase to US$50.32.

CoStar

United States

STR reports US hotel performance for week ending 4 September

In year-over-year comparisons, occupancy increased 7.5 percent to 57.4 percent, average daily rate was up 2.1 percent to US$94.37, and revenue per available room rose 9.7 percent to US$54.16. This was the 13th consecutive week the U.S. reported overall ADR increases. Before this trend emerged, ADR in decreased 74 of the past 76 weeks.

CoStar

United States

STR reports US hotel performance for week ending 7 August 2010

The U.S. hotel industry reported increases in all three key performance measurements during the week of 1-7 August 2010, according to data from STR.

In year-over-year measurements, the industry’s occupancy increased 6.7 percent to 70.2 percent. Average daily rate rose 1.6 percent to US$99.13. Revenue per available room increased 8.4 percent to US$69.57.

CoStar

United States

HIP: Business expansion probability remains 100%

The Hotel Industry’s Pulse index, or HIP, increased 3.8 percent in July after edging up 2 percent in June, according to economic research firm e-forecasting.com in conjunction with STR. HIP is a composite indicator that gauges business activity in the United States hotel industry in real-time, similar to a gross domestic product measure for the industry. The latest monthly change brought the index to a reading of 89.9. The index was set to equal 100 in 2000.

CoStar

United States

STR: US hotel pipeline for July 2010

The total active U.S. hotel development pipeline comprises 3,412 projects totaling 359,264 rooms, according to the July 2010 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 26.4-percent decrease in the number of rooms in the total active pipeline compared to July 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.

CoStar

United States

STR releases optimistic forecast for 2010, 2011

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 4.4 percent to 57.1 percent, average daily rate is expected to end the year virtually flat with a 0.1-percent decrease to US$97.74, and revenue per available room to rise 4.3 percent to US$55.77.

CoStar

United States

STR reports US hotel performance for week ending 31 July

In year-over-year measurements, the industry’s occupancy increased 6.8 percent to 71.0 percent. Average daily rate rose 1.5 percent to US$99.27. Revenue per available room increased 8.5 percent to US$70.45.

CoStar

United States

U.S. hotel performance for week ending 10 July 2010

In year-over-year measurements, the industry's occupancy increased 3.9 percent to 62.5 percent. Average daily rate rose 0.4 percent to US$94.69. Revenue per available room jumped 4.3 percent to US$59.17. New Orleans, Louisiana, experienced the largest increases in all three key performance metrics. The market's occupancy rose 14.9 percent to 68.4 percent, ADR was up 11.0 percent to US$112.22, and RevPAR jumped 27.5 percent to US$76.70.

CoStar

United States