Keyword: Smith Travel Research
Limited-service hotels don’t seem to be falling out of investors’ favor anytime soon, according to recent research.
Coupled with steady supply surges and a booming economy, U.S. hotel developers have found that labor and construction costs have continued to grow.
Israel’s hotel industry is on track for a record-breaking year with ADR the main driver of performance, according to the latest data from STR.
Occupancy increased 2.4 percent to 77.4 percent from October 2017 to 2018, while ADR jumped 6 percent.
Occupancy for U.S. hotels is trending downward. Here’s what hoteliers need to know.
In October, Germany reclaimed the top spot for rooms under construction in Europe, coming out ahead of the UK,
Middle East hotels faced an occupancy drop of 7 percent, while African hotels saw occupancy grow 3.9 percent to 65 percent.
While occupancy across Europe's hotels dropped slightly, ADR and RevPAR both improved in September.
As of Oct. 3, 65 hotels accounting for 4,422 rooms in North Carolina were closed due to storm-related damage, though many already have reopening dates.
U.S. occupancy declined in July for the first time in the past 12 months, but that’s not the industry’s new normal.