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.
Powered by Hotel News Now
The Central/South America region reported an 8.4% year-over-year decrease in rooms under contract, according to STR data.
The Caribbean/Mexico region reported a 29.3% year-over-year increase in rooms under contract in September, according to STR data.
The Middle East reported a 3.4% year-over-year increase while Africa saw a 2.7% decrease in rooms under contract in September, according to data from STR.
According to STR's pipeline report, the U.S. reported a 5.7% year-over-year increase in rooms in construction during September 2017.
Europe reported a 16.3% year-over-year increase in rooms in construction during September 2017, according to STR.
The Asia/Pacific region reported a 20.9% year-over-year increase in rooms in construction during September 2017.
Preliminary data from STR shows London hotels saw occupancy decrease 1.6% year over year to 86.9% during September. ADR rose 1% to £165.39 ($217.35), but RevPAR decreased 0.6% to £143.69 ($188.84).
Berlin's hotel market posted negative year-over-year performance in September, according to preliminary data from STR. Occupancy declined 1.7% to 88.5%, ADR decreased 7.9% to €121.73 ($144.19) and RevPAR dropped 9.6% to €107.73 ($127.59).
Hotels in Jeddah, Saudi Arabia, reported occupancy rose 3.5% in September to 70.2%, based on preliminary data from STR. ADR in the market rose 12.3% to 1,218.79 Saudi Arabian riyals ($324.89) and RevPAR increased 16.2% to 855.49 Saudi Arabian riyals ($228.09).
The Canadian hotel industry reported occupancy rose 3.2% year over year to 74.5% during the week of 1-7 October. ADR increased 5.8% to 157.85 Canadian dollars ($126.44) and RevPAR rose 9.2% to CA$117.58 ($94.18).
During the week of 1-7 October, the U.S. hotel industry reported occupancy rose 0.9% to 71.4%, ADR increased 2% to $130.92 and RevPAR increased 3% to $93.51.
Hotels in Sydney reported mixed performance results in September, according to preliminary data from STR. While occupancy decreased 1.7% to 84.5%, a 4.9% ADR increase to 215.72 Australian dollars ($168.12) drove RevPAR up 3.1% to AU$182.29 ($142.07).
Hong Kong's hotel market reported positive performance in September, according to preliminary results from STR. Occupancy rose 0.5% to 86.6%, ADR increased 4% to 1,366.85 Hong Kong dollars ($175.11) and RevPAR jumped 4.5% to HK$1,184.03 ($151.69).
According to preliminary September data from STR, Dubai's hotels reported occupancy fell 4.7% to 76.6%, ADR dropped 10.6% to 497.67 Emirati dirhams ($135.49) and RevPAR decreased to 381.20 Emirati dirhams ($103.76).
The index rose by more than 5% in September and is up more than 16% year to date.
In August, Africa reported 301 hotel projects and 57,011 rooms in the continent's pipeline, which accounts for 11% of total room supply in Africa.
During the week of 24-30 September 2017, Canada's hotel industry reported occupancy rose 2.8% year-over-year to 78.6%, and a 5.5% ADR increase to 167.12 Canadian dollars ($133.25) pushed RevPAR up 8.5% to CA$131.33 ($104.71).
The U.S. hotel industry reported mostly positive performance results during the week of 24-30 September 2017. Occupancy rose 0.4% to 70.3%, ADR increased 0.8% to $128.29 and RevPAR rose 1.2% to $90.13.
The U.S. hotel industry reported negative performance during the week of 17-23 September 2017, according to STR. Occupancy declined 0.7% to 71.4%, ADR decreased 1.9% to $128.44 and RevPAR dropped 2.5% to $91.76.
During the week of 17-23 September 2017, the Canadian hotel industry reported occupancy dipped 0.4% to 79%, but a 1.5% ADR increase to 165.38 Canadian dollars ($132.72) drove RevPAR up 1.1% to CA$130.68 ($104.87).