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STR, TE forecast further slowing for U.S. hotels

[ad_1] NASHVILLE – Performance growth projections for the U.S. hotel industry have been downgraded to 1.6% for 2019 and 1.1% for 2020, according to STR and Tourism Economics’ latest forecast just released at the 11th annual Hotel Data Conference. The previous version of the U.S. hotel forecast released in June …

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STR, TE downgrade U.S. hotel forecast

[ad_1] NEW YORK – The U.S. hotel industry is projected to see overall performance growth of 2.0% for 2019 and 1.9% for 2020, according to STR and Tourism Economics’ latest forecast just released at the 41st Annual NYU International Hospitality Industry Investment Conference. The growth figure for 2019 is lower …

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Central/South America hotel performance for April 2019

[ad_1] LONDON – Hotels in the Central/South America region reported negative performance results during April 2019, according to data from STR. U.S. dollar constant currency, April 2019 vs. April 2018 Central/South America Occupancy: -3.2% to 56.6% Average daily rate (ADR): -18.5% to US$98.03 Revenue per available room (RevPAR): -21.1% to …

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STR: U.S. hotel performance for April 2019

[ad_1] HENDERSONVILLE, TENNESSEE – The U.S. hotel industry reported positive results in the three key performance metrics during April 2019, according to data from STR. In a year-over-year comparison with April 2018, the industry posted the following: Occupancy: +0.3 at 68.0% Average daily rate (ADR): +0.9% to US$131.85 Revenue per …

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STR: U.S. hotel performance for March 2019

[ad_1] HENDERSONVILLE, Tennessee — The U.S. hotel industry reported mostly flat results in the three key performance metrics during March 2019, according to data from STR. In a year-over-year comparison with March 2018, the industry posted the following: • Occupancy: flat at 68.4% • Average daily rate (ADR): +0.6% to …

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STR: Hotel F&B performance up again in 2018

[ad_1] HENDERSONVILLE, TENNESSEE – U.S. hotel food-and-beverage revenue per occupied room (F&B RevPOR) increased 2.7% in 2018, according to total-year data from STR. F&B RevPOR reached US$112.67, up from US$109.73 in 2017 and US$106.92 in 2016. This growth reflected increases across all hotel classes with contributions from both food and …

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