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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During August, hotels in Europe reported occupancy rose 2.5% year over year to 77.4%, and a 5% ADR increase to €116.66 ($139.64) drove RevPAR up 7.6% to €90.26 ($108.04).
The Asia/Pacific hotel industry reported positive year-over-year performance in August. Occupancy rose 3.3% to 75.3%, ADR increased 2.3% to $99.98 and RevPAR rose 5.7% to $75.33.
Hotels in the Middle East reported occupancy fell 3.9% to 62.1% during the month, but a 7.4% ADR increase to $151.04 kept RevPAR growth positive (+3.2% to $93.84). Africa's hotel industry saw occupancy climb 2.9% to 61.2% while ADR rose 11.7% to $99.78 and RevPAR jumped 15% to $61.09.
Although the Central/South America region reported occupancy increased 0.6% to 58% in August, ADR and RevPAR plummeted, with ADR falling 25% to $99.09 and RevPAR dropping 24.5% to $57.48.
During the week of 10-16 September 2017, the Canadian hotel industry reported occupancy increased just 0.8% to 78.9%, while a 2.9% ADR lift to 169.40 Canadian dollars ($137.13) pushed RevPAR up 3.7% to CA$133.71 ($108.25).
The U.S. hotel industry reported positive year-over-year performance during the week of 10-16 September 2017. Occupancy rose 0.5% to 72.2%, ADR increased 1.4% to $131.50 and RevPAR rose 1.8% to $94.97.
During August 2017, the U.S. hotel industry reported occupancy rose 0.9% year over year to 70.7%, and a 1.6% ADR increase to $127.69 pushed RevPAR up 2.5% to $90.31.
STR data shows Florida hotel markets that were evacuated before the arrival of Hurricane Irma experienced significant performance decreases, but the destinations evacuees flocked to saw significant growth.
The U.S. hotel industry reported positive year-over-year results during the week of 3-9 September. Occupancy increased 2.1% to 64%, ADR rose 1.6% to $120.78 and RevPAR jumped 3.7% to $77.31.
During the week of 3-9 September, Canada's hotels reported occupancy rose 3% to 70.9%, ADR increased 5% to 166.62 Canadian dollars ($136.50) and RevPAR jumped 8.1% to CA$118.08 ($96.74).
The Caribbean/Mexico region reported 16,297 rooms in 92 hotel projects under construction during August 2017, which is a 24.4% year-over-year increase based on the number of rooms.
In August, the Central/South America region reported 27,532 rooms in 171 hotel projects in construction, according to STR. The number of rooms is a 0.9% year-over-year decrease when compared to August 2016.
The Asia/Pacific region reported 16.4% year-over-year increase in the number of rooms in construction during August 2017.
The U.S. pipeline report from STR shows 192,132 rooms in 1,463 hotel projects in construction during August. The rooms total is a 12.9% increase over August 2016.
During August, Europe reported 75,755 rooms in 488 hotel projects in construction, which by room count is a 17.5% increase over the same month in 2016.
The Middle East region reported 98,027 rooms in 309 hotel projects in construction in August, which is a 17.2% year-over-year increase. Africa, meanwhile, reported 28,260 rooms in 160 hotels under construction during the month, which is a 5.6% decrease.
Four Houston submarkets and the southern Louisiana area reported significant occupancy declines in the days following Hurricane Harvey's U.S. landfall.
Singapore's hotels reported mixed results in August 2017, according to STR's preliminary data for the month. While occupancy rose 1.7% to 85.9%, ADR fell 3.3% to 272.96 Singapore dollars ($202.56) and RevPAR decreased 1.7% to SG$234.52 ($174.04).
According to preliminary August 2017 data from STR, Melbourne hotels saw occupancy increase 2.5% year over year to 85.1%. ADR was flat at 176.51 Australian dollars ($141.62) and RevPAR rose 2.5% to AU$150.22 ($120.53).
Munich hotels reported positive year-over-year performance in August, according to preliminary monthly data from STR. Occupancy rose 3.8% to 76.8%, ADR increased just 0.2% to €113.93 ($135.96) and RevPAR rose 3.9% to €87.54 ($104.47).