STR, Hendersonville, Tenn., reported hotel rooms under construction fell from one year ago, but noted properties in the planning stage increased significantly.
Tag: STR
STR: Hotel Construction Pipeline Shrinks But Planning Activity Increases
STR, Hendersonville, Tenn., reported hotel rooms under construction fell from one year ago, but noted properties in the planning stage increased significantly.
DBRS: Hotel Pandemic Distress Less Than Prior Downturns
COVID-19 hit the hotel sector hard. DBRS Morningstar, Toronto, reported hotels had the highest loan modification rate among major property sectors due to the pandemic but said liquidations were lower than prior downturns.
Analysts Upgrade U.S. Hotel Forecast
Underpinned by continued average daily rate improvement, analysts from STR and Tourism Economics slightly upgraded their U.S. hotel sector forecast.
Omicron Wave Weakens Hotel Revenue Recovery
Fitch Ratings, New York, said the global spread of the Omicron variant and new travel restrictions weaken the recovery prospects for hotel revenue per available room.
Hotel Performance Improving, But COVID-Variant Threat Persists
CBRE, Dallas, said average daily rate gains and a 35 percent year-over-year occupancy increase showed demand for U.S. hotels endured in Q3 despite the Delta variant.
Hotel Profits, Recovery Forecast Improve
U.S. hotel profitability increased in October, and the sector’s recovery trajectory forecast has improved, STR and Fitch Ratings reported.
Hotel Demand, ADR Could Approach Full Recovery Next Year
U.S. hotel demand and average daily room rates should near full recovery next year, a new forecast from STR and Tourism Economics said.
Hotel Sector ‘In a Far Different Place’
No property type’s fundamentals have rebounded as swiftly as the hotel sector’s, reported Colliers, Toronto.
Hotel Metrics, Debt Markets Bounce Back
The hotel sector continues to bounce back from a devastating 2020, according to new reports from STR and JLL Hotels.