[ad_1] Average daily rate and revenue per available room among U.S. hotels in October increased year over year as occupancy fell, according to hotel analytics firm STR. October U.S. hotel…
Tag: STR
STR Lifts ’23 U.S. Hotel RevPAR Outlook on Higher Rates
[ad_1] Average U.S. daily hotel rates in 2023 trended higher than projected, according to STR and Tourism Economics, which on Monday increased its growth forecast for 2023 U.S. revenue per…
STR: Sept. Hotel Rates Rise, Occupancy Slips YOY
[ad_1] Average revenue per available room and daily rates among U.S. hotels in September increased year over year, while occupancy slipped, according to hotel analytics firm STR. RevPAR, ADR and…
Targeted subsidies to assist Malaysia’s fiscal reformation, says economist
[ad_1] KUALA LUMPUR: The government’s plan to introduce targeted subsidies in 2024 is the right move to ease its fiscal burden and strengthen the country’s economic situation, said Bank Muamalat…
STR: Like U.S., Canada Data Point to ‘Normalization’
[ad_1] Canada’s August occupancy hit its highest levels since before the pandemic, according to hospitality analytics firm STR. That figure was 77.4 percent, up 1.4 percent year over year and…
STR: August U.S. Hotel Rates Up, Occupancy Slips
[ad_1] Average revenue per available room and daily rates at U.S. hotels in August increased year over year while occupancy slipped again, according to hotel analytics firm STR. August RevPAR,…
STR: Australia Hotel Performance Strengthening in Corp. Market
[ad_1] Hotel performance in Australia shows signs of “normalizing” and “strengthening in corporate business,” according to hospitality analytics firm STR. From January to July, Australia’s hotel occupancy was 68.2 percent,…
STR: July U.S. Hotel Rates Rise, Occupancy Slips Again
[ad_1] Average daily rates and revenue per available room for U.S. hotels in July increased slightly year over year while occupancy slipped again, according to hospitality analytics firm STR. In July,…
STR Lowers U.S. Hotel Occupancy, RevPAR Forecast on ‘Normalization’
[ad_1] STR and Tourism Economics have lowered growth expectations for 2023 and 2024 in their U.S. hotel forecast amid a “period of normalization,” according to STR president Amanda Hite. STR…
STR Forecasts Rate Hikes, Lowers Occupancy Projection
[ad_1] STR and Tourism Economics have updated their 2023 U.S. hotel forecast by lifting rate expectations and slightly lowering occupancy projections, the companies announced Monday during the 45th Annual NYU International…