U.S. hotel construction ticked upward in September for the third consecutive month, reported STR, Hendersonville, Tenn.
Tag: STR
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.
Analysts Upgrade Hotel Forecast
STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.
U.S. Hotel Profitability Reaches 28-Month High
STR, Hendersonville, Tenn., said March U.S. hotel gross operating profits reached their highest levels since 2019.
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.
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.