Industry News
Reports: Recovery will continue in 2023 despite possible downturn
THE HOTEL INDUSTRY is poised for a fairly strong year in 2023 despite remaining concerns about a downturn, according to a pair of reports....
CBRE forecasts enhanced RevPAR growth in 2023 despite economic headwinds
DESPITE PROJECTIONS OF persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons forecast calls for a 5.8 percent increase in RevPAR...
TRENDS & ISSUES
STR: U.S. hotel performance up in the fourth week of January
U.S. HOTEL PERFORMANCE was up in the fourth week of January compared to the week before, according to STR 2023 report.
Occupancy was 56.3 percent...
STR: Martin Luther King holiday drags U.S. hotel performance in week of Jan. 21
U.S. HOTEL PERFORMANCE was down in the third week of January compared to the week before on account of the Martin Luther King Jr....
STR: U.S. hotels report improved performance in the second week of January
U.S. HOTELS REPORTED improved performance in the second week of Jan'23 compared to the week before, according to STR. The weekly performance was mixed...
Baird/STR Index drops 10 percent in December, 15 percent in 2022
THE BAIRD/STR Hotel Stock Index dropped 10 percent in December and decreased 15 percent for 2022 mainly due to recessionary fears and concerns over...
STR: U.S. hotels report weak performance in the first week of 2023
U.S. HOTEL PERFORMANCE was down in the first week of 2023 compared to the week before mainly due to post-holiday seasonality and an unfavorable...
Report: Extended-stay hotels perform well in November
U.S. EXTENDED-STAY hotels continued to perform well in November with recovery indices up compared to October and 2019, according to a report from The...
