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STR

@str_data

Leading global data benchmarking and analytics provider. 88K hotels and 11.5M rooms across 190 countries. Unrivaled hospitality and tourism industry insights.

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linkhttps://str.com calendar_today17-08-2011 14:07:30

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So, after all the talk and projections, how did the Fourth of July 🎇 perform for U.S. hotels? ⤵️ 🔴 Room demand: all-time high for July 4 ⚪ Holiday week demand: comparable to previous years 🔵 Occupancy: not as impressive 🔴 ADR growth: still pretty muted Full analysis

So, after all the talk and projections, how did the Fourth of July 🎇 perform for U.S. hotels? ⤵️ 
 
🔴 Room demand: all-time high for July 4
⚪ Holiday week demand: comparable to previous years 
🔵 Occupancy: not as impressive
🔴 ADR growth: still pretty muted 

Full analysis
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Our latest weekly data insights: 🎇 Holiday week pretty flat for the U.S. 🎰 Las Vegas continues to pull down national averages 👥 Group demand grew early in the week 🎸 Oasis, Black Sabbath, and Ozzy Osbourne shows contributed to U.K. growth 🌏 Japan maintained top growth spot

Our latest weekly data insights:

🎇 Holiday week pretty flat for the U.S.
🎰 Las Vegas continues to pull down national averages
👥 Group demand grew early in the week
🎸 Oasis, Black Sabbath, and Ozzy Osbourne shows contributed to U.K. growth
🌏  Japan maintained top growth spot
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Mix of events boosted hotel performance across several key global markets: 🔹Paris hotel industry posted its highest room rates on record: bit.ly/4loYCUZ 🔹Abu Dhabi hotel occupancy climbed to 91.5% for #EidalAdha: bit.ly/40h0xmg 🔹#StateOfOrigin Game II

Mix of events boosted hotel performance across several key global markets:
 
🔹Paris hotel industry posted its highest room rates on record: bit.ly/4loYCUZ
 
🔹Abu Dhabi hotel occupancy climbed to 91.5% for #EidalAdha: bit.ly/40h0xmg
 
🔹#StateOfOrigin Game II
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ICYMI: Watch the video overview of our Q2 global market forecast assumptions 👇 Receive our analyses straight to your inbox when you sign up for our Global Weekly Update: bit.ly/3TGe03i

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The #Oasis reunion tour kicked off earlier this month in Cardiff, pushing hotel room rates to "Supersonic" levels. Our full analysis, including a comparison to Taylor Swift's Eras Tour and forward-bookings data for upcoming shows, here: bit.ly/44Uo8uv

The #Oasis reunion tour kicked off earlier this month in Cardiff, pushing hotel room rates to "Supersonic" levels. Our full analysis, including a comparison to Taylor Swift's Eras Tour and forward-bookings data for upcoming shows, here: bit.ly/44Uo8uv
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The volume of U.S. hotel rooms in construction fell YoY for a sixth consecutive month, due to several factors including: 📉 Hotel demand trending downward 💸 Economic uncertainty 🚧 Rising construction costs Read more here: bit.ly/44TKz2T

The volume of U.S. hotel rooms in construction fell YoY for a sixth consecutive month, due to several factors including: 

📉 Hotel demand trending downward
💸 Economic uncertainty
🚧 Rising construction costs

Read more here: bit.ly/44TKz2T
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A weak business travel environment, more travelers opting for short-term rentals and cruises, and an imbalance in inbound/outbound all at play with another down week for U.S. hotels. Full weekly insights here: bit.ly/44CpYBf

A weak business travel environment, more travelers opting for short-term rentals and cruises, and an imbalance in inbound/outbound all at play with another down week for U.S. hotels. Full weekly insights here: bit.ly/44CpYBf
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MEA was the only world region to show a decline in overall hotel pipeline activity (-2.6%) at the end of the second quarter. Read our full global analysis: bit.ly/4m6vDpc

MEA was the only world region to show a decline in overall hotel pipeline activity (-2.6%) at the end of the second quarter. Read our full global analysis: bit.ly/4m6vDpc
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Momentum continues to build as more hotels subscribe to the industry’s most trusted benchmarking solution. Highlighted by especially strong growth in China and France, the world’s largest hotel performance sample now encompasses 91,645 properties. Thank you for your continued

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Canada’s hotel industry reported YoY performance growth for the second consecutive month, with RevPAR increasing 4.4%. More here: bit.ly/44MGmzi

Canada’s hotel industry reported YoY performance growth for the second consecutive month, with RevPAR increasing 4.4%. More here: bit.ly/44MGmzi
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Interesting data in our latest weekly insights: ⬇️ Since Memorial Day weekend, U.S. demand is down 1.6 million room nights (-0.7%) year over year while ADR is basically flat (+0.1%). 🍁 Canada’s momentum continued with 10 of 22 markets showing double-digit RevPAR growth. 🏯

Interesting data in our latest weekly insights: 

⬇️ Since Memorial Day weekend, U.S. demand is down 1.6 million room nights (-0.7%) year over year while ADR is basically flat (+0.1%). 
🍁  Canada’s momentum continued with 10 of 22 markets showing double-digit RevPAR growth. 
🏯
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The #OasisLive25 tour is driving hotel room rates across the UK, with Cardiff recording its highest ADR on record (GBP340) and Manchester posting its best daily performance since the 2023 UEFA Champions League final. More here: bit.ly/4femt7F

The #OasisLive25 tour is driving hotel room rates across the UK, with Cardiff recording its highest ADR on record (GBP340) and Manchester posting its best daily performance since the 2023 UEFA Champions League final. More here: bit.ly/4femt7F
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Our latest weekly insights are here: 📉 U.S. RevPAR declined for 5th consecutive week, ADR down for 4th consecutive week 🖥️ Last year’s tech outage impacted comps at the start of the week 🤠 Beyoncé’s Cowboy Carter shows helped Las Vegas performance 🏅 France down due to Olympic

Our latest weekly insights are here:

📉 U.S. RevPAR declined for 5th consecutive week, ADR down for 4th consecutive week
🖥️ Last year’s tech outage impacted comps at the start of the week
🤠 Beyoncé’s Cowboy Carter shows helped Las Vegas performance
🏅 France down due to Olympic
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European hotels reported lackluster RevPAR growth in June for three key reasons: actual occupancy levels, the weather, and difficult event comparisons. Read more in our latest "bubble chart" update: bit.ly/3H8EyHO

European hotels reported lackluster RevPAR growth in June for three key reasons: actual occupancy levels, the weather, and difficult event comparisons. Read more in our latest "bubble chart" update: bit.ly/3H8EyHO
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Brisbane and London hotels both saw record-high monthly ADR and RevPAR levels in July, thanks to several events: 🏉 Brisbane performance was lifted by the British and Irish Lions Tour: bit.ly/40ZVgzW 🎾 The Wimbledon Championship and the Oasis Tour drove London room

Brisbane and London hotels both saw record-high monthly ADR and RevPAR levels in July, thanks to several events: 

🏉 Brisbane performance was lifted by the British and Irish Lions Tour: bit.ly/40ZVgzW
🎾 The Wimbledon Championship and the Oasis Tour drove London room
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Our latest weekly insights: ⬇️ RevPAR down across 42% of U.S. markets in 4 of the past 6 weeks 🌀 Last year’s Hurricane Debby made for easy comps in the Southeast ⭐ San Francisco remains a bright spot with 23 weeks of RevPAR gains (out of 32 this year) 🏅 France's Olympic comp

Our latest weekly insights:

⬇️ RevPAR down across 42% of U.S. markets in 4 of the past 6 weeks
🌀 Last year’s Hurricane Debby made for easy comps in the Southeast
⭐ San Francisco remains a bright spot with 23 weeks of RevPAR gains (out of 32 this year)
🏅 France's Olympic comp
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Need to understand the correlation between office leasing levels and hotel performance? Sublease availability data within CoStar provides an excellent read of the office market's health. As downtown office markets recover, as indicated by lower sublease availability, full-service

Need to understand the correlation between office leasing levels and hotel performance? Sublease availability data within CoStar provides an excellent read of the office market's health. As downtown office markets recover, as indicated by lower sublease availability, full-service
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Although Sun Belt markets saw the largest population bump during the pandemic, large urban markets which experienced population declines are bouncing back due to an influx of international migration.

Although Sun Belt markets saw the largest population bump during the pandemic, large urban markets which experienced population declines are bouncing back due to an influx of international migration.
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In July, Canada’s hotel industry reported its highest occupancy level since August 2019. Looking ahead, Toronto is showing a spike in bookings in August and September as it plays host to the Oasis tour and the Toronto International Film Festival. Read more:

In July, Canada’s hotel industry reported its highest occupancy level since August 2019. Looking ahead, Toronto is showing a spike in bookings in August and September as it plays host to the Oasis tour and the Toronto International Film Festival. Read more: