US Hotel Profits Grow Despite Dip in Demand
Events, Groups Boost Food-and-Beverage Revenues
Fewer room nights were booked at U.S. hotels in October than in September, but total hotel revenues and profits increased month to month and year over year.
US Hotel Profitability Continues Steady Recovery
Boosted by Increased Group and Business Travel, Atlanta Surpasses 2019 Profit Levels
U.S. hotel industry profitability continued at a steady pace in July, as both total revenue per available room and gross operating profit per available room surpassed 2019 levels, ...
US Hotels Achieve Pandemic-Era Highs in Profitability Per Available Room
Phoenix Leads Top 25 Hotel Markets
The hotel industry closed the first quarter of 2022 with strong steps towards recovery, according to the latest monthly profit and loss data from STR, CoStar's hospitality analytic...
Complex Operations in Hotels Lead to Steeper Declines in Performance
Hotel Profitability Differs Across Asset Types, Room Counts
A year into the pandemic, performance declines have become the norm in the hotel industry. Although still significantly in the red zone, improving hotel performance data shows the ...
The Positive Indicators in October’s US Hotel P&L Data
A look at October’s profit-and-loss data for U.S. hotels shows some positive signs for the industry in a month typically reliant on group demand.
BROOMFIELD, Colorado—Among the many lessons we’ve all learned during COVID-19, patience surely is at the top of the list.
Wildfires in Western US Cause Fluctuations in Hotel Performance
Occupancy and Rates Show Declines
The wildfires that have devastated parts of the western U.S. have created an added layer to the complex hotel performance situation that has played out over the course of a difficu...
Big Storms Often Depress Demand. Not During the Pandemic.
Hurricane Laura Increases Hotel Stays in Louisiana, Texas Markets
Hurricane Laura was one of the strongest storms to make landfall in the history of the U.S. In its path from Cuba to Louisiana, Laura left behind death, property damage and financi...
COVID-19 Delays Quadrennial Europe Soccer Tournament
The postponement of UEFA EURO 2020 leaves tournament hosts waiting another 12 months for desperately needed demand.
LONDON and BROOMFIELD, Colorado—Football fans across the world were expecting to be entertained this summer with UEFA EURO 2020 in June and July, but because of COVID-19, the tourn...
Dorian’s Unclear Path Stymied Florida Labor Day Demand
Fears related to Hurricane Dorian, which peaked as a Category 5 storm, pushed demand inland during Labor Day weekend.
BROOMFIELD, Colorado—Dorian, the first major hurricane of the Atlantic storm season, reached Category 5 status and caused historic devastation in the northwestern Bahamas before ma...
The Impact of the Polar Vortex on US Hotel Performance
January temperatures chilled parts of the United States to record lows as hotel performance in some markets froze while others cranked up the heat.
BROOMFIELD, Colorado—On 3 January, a few sections of the Polar Vortex split away from their usual area over the North Pole, and moved down to the United States’ Great Lakes area. W...
California’s Record Wildfires Spur Demand, ADR Growth
Two of California’s biggest and deadliest wildfires in 2018 caused spikes in hotel demand from displaced residents, firefighters and other aid workers.
BROOMFIELD, Colorado—2018 has been an above-average year for California wildfires with 876,225 acres burned year to date through 2 December, which is more than triple the five-year...
Hurricane Impact on Florida, Alabama, Georgia Hotels
Initial analysis of hotel performance in markets affected by Hurricane Michael suggests this storm has had a different impact than others in the region.
BROOMFIELD, Colorado—Ahead of, during and in the aftermath of Hurricane Michael, which made landfall on 10 October in the Florida Panhandle as a Category 4 hurricane (the strongest...
Florence’s Impact on Performance in Carolinas, Virginia
Despite confirmed closure in the Carolinas of 68 hotels representing 4,475 rooms in the immediate aftermath of Hurricane Florence, STR data shows strong performance by North Carolina hotels in the two weeks since, compared to hotels in other affected regions.
BROOMFIELD, Colorado—Hurricane Florence made landfall in North Carolina on 14 September as a slow-moving storm bringing widespread flooding throughout the region. A previous articl...
Interactive Chart: Scale Changes Over Time
This chart shows how hotels in different chain scales change brands over time, and the data shows the majority of properties stay within their scales when changing brand affiliations.
BROOMFIELD, Colorado and HENDERSONVILLE, Tennessee—As a complement to our research article, “The length of brand affiliations across chain scales,” that details the average length ...
Super Bowl LI: What to Expect for Houston Hotel Market
Hotels in the Houston market should see an overwhelmingly positive impact when the city hosts Super Bowl LI on 5 February. The best evidence of that comes from examining the event’s impact on past host cities, including Houston in 2004.
BROOMFIELD, Colorado—Houston’s hotels have been suffering through the impact of low oil prices, while much of the rest of the country's hotels are enjoying record-level performance...
By the Numbers: Hotel Industry Occupational Injuries
How prevalent are workplace injuries in the hotel industry? This analysis includes an infographic with accident data broken down by type of injury, timing of the accident and more.
BROOMFIELD, Colorado—Hotels are complex and dangerous workplaces; all of the machinery, chemicals, and physical effort employees are exposed to can lead to a wide array of accident...
When to Build an Upper-midscale, Upscale Hotel
There is continued development on the horizon for the upper-midscale and upscale classes in the United States. But can the data tell us when it’s the best time to build?
BROOMFIELD, Colorado—Upper-midscale and upscale brands represent 62% of the confirmed pipeline in the United States, according to STR data. With such strong development interest in...
The Effect of Low Oil Prices on Hotel Industry
Low oil prices have a negative impact on the hotel sector in states such as North Dakota, where the oil industry is a prominent source of income and employment.
BROOMFIELD, Colorado—The oil and gas boom has been a boon for the hotel industry in several states, particularly rural areas of Texas, Oklahoma and North Dakota. With the drop in o...