Hoteliers Anticipate Greater Pricing Power in 2024
In Survey, Majority Predict Rate Growth
Pricing power in the global hotel industry has led the recovery from the COVID-19 pandemic, and hoteliers expect it will be sustainable this year, according to a survey by STR.
Surveyed Hoteliers Mostly Optimistic About Demand from Business, Group Travelers
However, That Optimism Is Trending Slowly Downward
Demand for hotel rooms moderated in 2023 nearer to pre-pandemic levels, but hotel industry professionals expect that to grow this year, according to a survey by STR.
Recession Fears Increase Pressure on Hoteliers' Budget Planning
More Than 80% of Surveyed Hotel Professionals Claim At Least a 'Minor Impact'
Analysts keeping a close watch on the global hotel industry have dialed back predictions of an economic recession, or at least one that could hinder consumer demand for travel and ...
Labor Challenges Persist as Top Concern for Hoteliers
Other Worries Include Potential Recession, Increased Competition
The challenge of staffing hotels due to a shrinking and more-demanding labor pool was consistently a top concern on the minds of hoteliers throughout 2023, a study by STR shows.
Hotelier Confidence in Industry Wanes Heading Into 2024
Labor Challenges Lead List of Concerns, According to Survey
Analysts throughout 2023 went back and forth on whether the U.S. economy was headed for a recession. But a survey conducted by STR shows that hoteliers' confidence in their busines...
Weekly Hotel Performance Dips, But US Hotels Still Have Second-Best Week of 2023 So Far
Demand from Traveling Families Expected To Grow In Lead-Up to Easter
After surging with the peak of spring break travel in the U.S., weekly global hotel performance expectedly dialed back.
Spring Break, Easter Trends Predictive of US Travel Demand
Late Easter Holiday Typically Dulls Travel Spike, But Other Factors at Play This Year
As the hospitality and travel industry continues to recover, and with group and business sectors still trailing behind, predicting transient travel demand patterns becomes more cri...
School-break Shifts Due Mostly to Holiday Adjustments
Small, year-over-year changes in academic scheduling are attributed chiefly to holiday-based movement, as many schools focus on the transition to virtual learning as a result of the COVID-19 pandemic.
HENDERSONVILLE, Tennessee—Collecting academic calendars for public school districts and colleges/universities has proven more challenging in 2020 than in any year before. After wav...
How SXSW Cancellation, COVID-19 Hurt Austin’s Hotels
Austin, Texas, lost $65 million in hotel rooms revenue between 12-21 March due to both cancellation of SXSW and coronavirus fears.
HENDERSONVILLE, Tennessee—The film and music festival South By Southwest is typically held in mid-March in Austin, Texas, and this year, SXSW was one of the first major events to b...
How South By Southwest Cancellation and the Pandemic Hurt Hotels in Austin, Texas
Analysis: Rooms Revenue Fell 81% in the 10 Days the Music and Technology Festival Was To Be Held
The film and music festival South By Southwest is typically held in mid-March in Austin, Texas, and this year, SXSW was one of the first major events to be canceled in the U.S. due...
Holiday Travel Swings With US School Calendars
An analysis of public school district calendars collected nationwide reveals a surprising amount of variation between the largest population states, particularly in reference to the number of students available for travel in the days immediately following New Year’s Day.
HENDERSONVILLE, Tennessee—Certain aspects of student break calendars will always be the same in the U.S.
F-1 Grand Prix Race Revs up Hotel Performance in Austin
Near-saturated roomnight demand and soaring hotel rates lead to impressive boosts in hotel performance before, during, and after the big race weekend in Austin, Texas.
HENDERSONVILLE, Tennessee—An analysis of the past four years of the United States Grand Prix reveals that the weekend of the race has an overwhelmingly positive impact on the Austi...
Federal Conference Spend Drops for First Time Since ’13
STR’s report on U.S. government conference spending for fiscal year 2017 shows that spending has decreased after three* straight years of growth, despite gaps in 2017 reporting from several agencies.
HENDERSONVILLE, Tennessee—Conference spending by the U.S. government decreased 15.7% in fiscal year 2017. Down from approximately $166 million of expenditures in 2016 to $140 milli...
US Government Conference Spending on Upward Trend
STR’s report on U.S. government conference spending for fiscal year 2016 shows that it has continued to increase following a sharp decline in 2013.
HENDERSONVILLE, Tennessee—Federal conference spending surged ahead in fiscal year 2016, continuing the trend of recovery after a sharp decline in 2013, when there was a 62% drop.
US Government Conference Spending Bubbling Up
After a sharp drop in 2013, the U.S. government is spending more on big conferences, which is good news for hoteliers.
HENDERSONVILLE, Tennessee—Federal conference spending appears to be on the rise after a severe decline in fiscal year 2013. All federal agencies are required by Memorandum M-12-12 ...