STR, Inc., the global leader of competitive benchmarking, information services and research for the hotel industry, has begun collecting development activity in the self storage industry.
STR Sector Analysis, LLC and the International Health, Racquet & Sportsclub Association announced they have entered into a strategic partnership to gather, analyze and market data and information about the health club sector in the U.S.
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In the second quarter of 2017, the U.S. hotel industry reported occupancy rose 0.5% to 69.5%, ADR increased 2.2% to $127.43 and RevPAR rose 2.7% to $88.58 when compared to Q2 2016.
The U.S. hotel industry reported mostly positive year-over-year performance during the week ending 15 July. Occupancy was mostly flat (-0.1% to 77.4%), while a 1.7% ADR increase to $130.76 drove RevPAR up 1.6% to $101.15.
For the week of 9-15 July, the Canadian hotel industry reported mostly positive year-over-year performance. Occupancy was mostly flat (+0.1% to 79.2%), but ADR rose 1.3% to 172.67 Canadian dollars ($136.93) and RevPAR increased 1.3% to CA$136.79 ($108.48).
The U.S. hotel industry reported its 88th consecutive month of RevPAR growth (+2.8%) in June year-over-year comparisons, according to monthly data from STR, which also cited growth in occupancy (+0.7%) and ADR (+2.1%).
In June, the Asia/Pacific region reported 270,976 rooms in 1,183 hotel projects in construction. The rooms total is an 8.5% year-over-year increase.
The Central/South America region reported 28,103 rooms in 175 hotel projects in construction in June, according to STR. The rooms total is a 2% decrease when compared to the same month in 2016.
STR's June pipeline report shows the Caribbean/Mexico region reported 13,829 rooms in 86 hotel projects in construction for the month, which is a 15.4% year-over-year increase in the number of rooms.
The U.S. hotel industry reported mostly negative performance for the week of 2-8 July. Occupancy fell 3% to 65.3%, and despite a 1.1% ADR increase to $122.73, RevPAR declined 2% to $80.11.
During the week of 2-8 July, the Canadian hotel industry reported occupancy decreased 1.7% to 73.1%, ADR rose 5.9% to 170.41 Canadian dollars ($133.48) and RevPAR increased 4.1% to CA$124.65 ($97.68).
The U.S. reported 186,945 rooms in 1,440 hotel projects in construction in June, which is a 12.4% year-over-year increase.
In June, Europe reported 77,263 rooms in 495 hotel projects in construction, which is a 24% increase over the same month in 2016.
The Middle East reported a 15.6% year-over-year increase in rooms in construction in June, while Africa reported a 6.5% year-over-year decrease in rooms in construction for the month.
According to preliminary June data from STR, London's hotel market reported mostly positive performance during the month. While occupancy decreased 0.4% to 84.1%, a 5.5% ADR increase to £162.51 ($209.57) drove RevPAR up 5.1% to £136.72 ($176.37).
Melbourne's hotel market reported mostly positive performance in June, according to preliminary STR data. Occupancy dipped 0.7% to 78.3%, while ADR rose 2.7% to 176.10 Australian dollars ($135.09) and RevPAR increased 2% to AU$137.88 ($105.77).
STR preliminary data shows Singapore hotels reported mixed performance in June. Occupancy rose 4.1% to 78.9%, ADR declined 2.5% to 258.03 Singapore dollars ($187.07) and RevPAR increased 1.5% to SG$203.62 ($147.60).
According to preliminary data from STR, Munich reported performance declines in June. Occupancy fell 8.2% to 75.5%, ADR decreased 8.5% to €121.03 ($138.56) and RevPAR dropped 16% to €91.36 ($104.59).
The Hotel Stock Index reported a year-over-year decrease for the first time since October 2016, but is up 10.6% year to date.
A majority of hotel markets in the Gulf Cooperation Council of countries reported year-over-year performance declines during Ramadan 2017.
STR weekly data shows the Canadian hotel industry experienced a 4.8% occupancy increase to 74%, while ADR rose 11% to 173.58 Canadian dollars ($134.89) and RevPAR jumped 16.4% to CA$128.53 ($99.88).
During the week of 25 June through 1 July, the U.S. hotel industry reported occupancy increased 3.8% to 74.2%, ADR rose 2.8% to $127.75 and RevPAR climbed 6.8% to $94.80.