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 mixed year-over-year (YOY) comparisons, according to CoStar’s latest data through May 24.
18-24 May 2025 (percentage change from comparable week in 2024):
Demand for the Friday and Saturday of Memorial Day weekend was the third highest on record behind 2022 and 2019.
Among the Top 25 Markets, St. Louis saw the highest gain in occupancy (+19.3 per cent to 76.7 per cent), while the largest inclines in ADR and RevPAR were recorded in New York City (+12.6 per cent to US$358.57) and San Francisco/San Mateo (+24.3 per cent to US$169.87), respectively.
The steepest decline in occupancy was seen in Houston (-16.2 per cent to 62.1 per cent).
New Orleans reported the largest decreases in ADR (-7.3 per cent to US$155.45) and RevPAR (-17.8 per cent to US$94.78).
The Canadian Hotel Investment Conference (CHIC) returned to the Hilton Toronto for its 29th year, drawing more than 500 attendees and close to 50 vendors for a full day of networking, market insight and sector-specific…
Paul Y. Construction (B.C) Ltd. has announced the groundbreaking of new dual-branded hotel in the heart of downtown Vancouver.
Beechwood Real Estate Advisors, Brokerage Inc. has announced the successful completion of two off-market hotel transactions, with properties located in Simcoe, Ont., and Truro, N.S.
Germain Hotels has announced the successful completion of a new $160 million investment round, led by CDPQ with participation from the Fonds de solidarité FTQ and Investissement Québec.