STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries.
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 1 March.
23 February through 1 March 2025 (percentage change from comparable week in 2024):
Among the Top 25 Markets, St. Louis saw the highest occupancy lift (+12.1 per cent to 59.4 per cent).
Helped by Mardi Gras, New Orleans reported the largest increases in ADR (+36.8 per cent to US$233.77) and RevPAR (+30.6 per cent to US$148.54). Occupancy, however, declined 4.6 per cent to 63.5 per cent.
The steepest RevPAR declines were seen in Oahu (-13.1 per cent to US$206.45) and Boston (-11.0 per cent to US$102.66).
Canada’s tourism industry is on track for measured growth in 2025, with potential tailwinds from a weakened Canadian dollar and evolving domestic spending patterns. According to a recent report from the Business…
Colliers Hotels has confirmed the sale of the 102-room Hampton Inn & Suites Ottawa-West, marking a significant transaction in one of the country’s most active real estate markets.
Hyatt Hotels Corporation and Princes Gates Hotel Limited Partnership have announced that Hotel X Toronto will join the Destination by Hyatt brand, marking the brand’s entrance into Canada.
The Luxury Collection, part of Marriott Bonvoy’s global portfolio, has made its official entry into Atlantic Canada with the addition of Muir, a Luxury Collection Hotel, Halifax. Located in the Queen’s Marque district…