International Demand In Europe Unlikely To Return Until 2024

International hotel overnights and business in Europe likely will not recover until 2024, while domestic demand will likely lead the way in 2021, as it did in 2020. Speaking at the online Hotel Data Conference: Global Edition, Robin Rossmann, managing director of STR, said there are still moving parts, not least of which are changes […]

Around the Globe Hotel Profit Perks Up, Just Not in Europe | By David Eisen

The U.S. hotel industry was in need of a month like February. For Europe, it was another in a string of profitability pain. In a turnaround from previous months, gross operating profit per available room (GOPPAR) in the U.S. turned positive in February and at $10.82, it was 675.5% higher than in January. Though the […]

2020 Global Hotel Profit And Loss Data Report

  HotStats, the global leader in monthly profit and loss data benchmarking, has released the findings of its “Profit Matters Global Hotel Performance Review 2020.” The annual report tracks global hotel industry performance across myriad revenue, expense and profitability metrics and features commentary focused on the trends that drove business in 2020. 2020 was like […]

U.S. Demand Approaches Pandemic-Lowered Levels Of 2020

STR’s latest 51-chart demand map through 13 March 2021 shows that most states are moving closer to their levels from the same time last year. Unfortunately, those demand levels from comparable periods in 2020 were lowered substantially by the earliest pandemic lockdowns. A clear majority of states have made solid progress in shrinking the tremendous […]

US Hotel Performance Improves In February

The U.S. hotel industry showed higher performance levels from the prior month, according to February 2021 data from STR. Occupancy and RevPAR were the highest for any month since October 2020, while ADR was the highest since September 2020. Among the Top 25 Markets, Oahu Island reported the lowest February occupancy level (29.3%), which represented […]

Hotel Bookings Reach Near-2019 Levels after UK & US Reopen

Swift vaccination distribution and partial reopenings in the US and UK have triggered a significant spike in hotel bookings to near-2019 levels. With the vaccine rollout well underway, the UK has commenced phase one in the roadmap to reopening the nation’s economy. As reported by the BBC, schools, and colleges reopened on March 8th. There […]

European Hotel Investment Market 2020: Surprisingly Optimistic Results | By Kimberly Yoong

Nearly a year into our days of forced telecommuting and videoconferencing, the words ‘impact of COVID-19’ continue to ring in our ears. The hospitality industry has undoubtedly borne the brunt of this crisis, as many hotels across Europe continue to record single-digit occupancies, with average revenues per room down by nearly 70% in 2020. However, […]

Shape of the recovery

The UK government has announced a “roadmap” to reopen the economy, which will enable hospitality businesses to fully trade once more.   While welcomed, the news has been met with calls from several corners, to provide the sector with further support, to prevent further business failures over the coming months. A committee of members of parliament […]

Short-term rental bookings boom in the U.K. after roadmap announcement

Following Prime Minister Boris Johnson’s announcement last week that the United Kingdom would begin easing lockdown plans – with all restrictions lifted starting June 21 – short-term rental bookings for the summer months have boomed. According to data from short-term rental software provider Guesty, reservation volume jumped 88% over reservation volume the week prior. From […]

U.S. Hotel Profitability Improved Slightly In January

BROOMFIELD, Colorado – U.S. hotel gross operating profit per available room (GOPPAR) improved slightly from prior months but remained in the low single digits, according to STR’s January 2021 monthly P&L data release. In a year-over-year comparison with January 2020, the industry reported the following: GOPPAR: -95.9% to US$3.14 TRevPAR: -73.3% to US$60.94 EBITDA PAR: […]