STR and Tourism Economics, Henderson, Tenn., made a modest upgrade to their 2023 U.S. hotel forecast, while making a downward adjustment for 2024.
Tag: STR
STR: Hotel Construction Up Year-over-Year for First Time Since Late 2020
U.S. hotel construction increased slightly in December after 25 consecutive months of year-over-year declines, reported STR, Hendersonville, Tenn.
Hotel Analysts Lower Occupancy Forecast, Maintain Revenue Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
Hotel Profitability Improves, Labor Costs Rise
U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn.
STR: Hotel Construction Pipeline Increases for 3rd Month
U.S. hotel construction ticked upward in September for the third consecutive month, reported STR, Hendersonville, Tenn.
STR: Hotel Construction Pipeline Increases for 3rd Month
U.S. hotel construction ticked upward in September for the third consecutive month, reported STR, Hendersonville, Tenn.
Hotel Cap Rates Increase
U.S. Realty Consultants LLC, Columbus, Ohio, reported hotel capitalization rates generally increased compared to six months ago.
CBRE Raises Hotel Sector Outlook
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.
Hotel Construction Pipeline Continues to Shrink
U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.
Hotel Profitability Drops
U.S. hotel gross operating profit per available room fell in May. But GOPPAR surpassed its pre-pandemic comparable for a third consecutive month, reported STR, Hendersonville, Tenn.