U.S. hotel performance jumped from the previous week, and revenue per available room (RevPAR) reached an all-time weekly high on a nominal basis, according to STR<span style=”color: #696969;”>‘s latest data...
Read MoreThe Baird/STR Hotel Stock Index dropped 5.8% in May to a level of 5,584. Year to date through the first five months of 2022, the stock index has decreased 2.8%. “Hotel stocks declined in May amid the broader stock market...
Read MoreJeddah’s hotel industry reported its highest performance levels since September 2019, according to preliminary May 2022 data from STR. Occupancy: 64.4% Average daily rate (ADR): SAR901.40 Revenue per available room (RevPAR):...
Read MoreSydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR. Occupancy: 65.1% Average daily rate (ADR): AUD233.96 Revenue per available...
Read MoreReflecting an expected post-Memorial Day holiday slowdown, U.S. hotel performance fell from the previous week, according to STR‘s latest data through 4 June. 29 May through 4 June 2022 (percentage change from comparable week in...
Read MoreSTR and Tourism Economics have upgraded the recovery timeline for U.S. hotel revenue per available room (RevPAR). On a nominal basis, the metric is now expected to surpass 2019 levels in 2022, according to the latest forecast...
Read MoreAmong key hotel markets in the Asia Pacific region, Sydney’s gross operating profit per available room (GOPPAR) level came closest to its 2019 comparable, according to STR‘s April 2022 P&L data release. After coming in at...
Read MoreU.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable for a second consecutive month, according to STR‘s April 2022 P&L data release. The GOPPAR, TrevPAR and EBITDA PAR levels...
Read MoreU.S. hotel performance dipped slightly from the previous week, according to STR‘s latest data through 28 May. 22-28 May 2022 (percentage change from comparable week in 2019*): Occupancy: 66.5% (+3.2%) Average daily rate (ADR):...
Read MoreU.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR‘s latest data through 7 May. 1-7 May 2022 (percentage change from comparable week in 2019*): Occupancy:...
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Accor, the largest hotel operator in Australia, has recorded growth in occupancy across its...
Read MoreThe Baird/STR Hotel Stock Index rose 0.7% in April to a level of 5,925. Year to date through the first four months of 2022, the stock index increased 3.1%. “Hotel stocks increased modestly in April but were significant...
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Expansion is a very important part of a business venture, and as your business grows worldwide, you may need to market your business in foreign countries who speak a foreign language. Translating important documents for various...
Thailand is one of the most popular tourist destinations in Asia Pacific. There are many beautiful places in Thailand, various menus of exotic Thai food, and local Thai products, all of these amazing things make Thailand become...
If you are an individual living in the United Arab Emirates, and want to professionally practice any profession then you will need to obtain a license. That applies to every individual living there. Same thing applies to the...
TODAY show’s popular weather presenter, Stevie Jacobs, will report live from some of Canada’s most intriguing locations from 8 – 12 July 2019, including Fogo Island in Newfoundland and Labrador, and Niagara Falls. Supported...
The bulldozers are moving! Construction has finally begun on Western Sydney Airport – a facility which will eventually handle up to 82 million passengers, the size of London Heathrow and New York JFK. Dithering over whether and...
The experience of going on a road trip is something that anyone could find fascinating. The experience will allow you to explore all the places you have always wanted to.Furthermore, imagine enjoying the journey and moving at...
TODAY’s popular weather presenter, Stevie Jacobs, will report live from some of Canada’s most intriguing locations from 8 – 12 July 2019. The show will capture the giant icebergs that float along the coastline of Fogo Island in...
Australia’s competition watchdog, the Australian Competition and Consumer Commission (ACCC) is investigating whether “parity clause” contract provisions imposed by online travel agents (OTAs) on Australian hotels and motels are...
