All Latest News Filter Performance STR Weekly Insights: 21-27 April 2024 U.S. hotel performance paused due to the Passover observance that began on Monday 22 April. Revenue per available room (RevPAR) declined 2.5% as occupancy fell 0.8 percentage points (ppts) and average daily rate (ADR) declined 1.3%. STR More in this category Markets & Performance More like this Performance Travel & Tourism Injected €215BN into Italy’s Economy The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Italy’s Travel & Tourism sector contributed €215BN, representing 10.5% of Italy’s total economic output last year, underscoring the sector’s prominence as a b... World Travel & Tourism Council (WTTC) More in this category Markets & PerformanceMore in this category National & International Policy More like this Performance U.S. hotel commentary - March 2024 Revenue per available room (RevPAR) fell 2.2% year over year (YoY) in March, marking the first such decline since February 2021. The decrease was due in part to an extra Sunday—the lowest performing day of the week—on the calendar as well as the Eas... STR More in this category Markets & Performance More like this Performance Q1 Trading Update to 31 March 2024 Global RevPAR in the first quarter of 2024 continued to grow, up +2.6%, reflecting the strength of our globally diverse footprint. There was an impressive performance in EMEAA which was up nearly +9%. The Americas, having already recovered very stro... IHG Hotels & Resorts More in this category Markets & Performance More like this Performance Industry experts’ predictions for occupancy and ADR hold steady, even with declining confidence in demand The Hospitality Industry Sentiment (HIS) survey is STR’s quarterly study capturing the experiences and expectations of travel industry professionals. This survey began in Q4 2022, and with the fifth edition completed in Q1 2024, some trends have sol... STR More in this category Markets & Performance More like this Performance U.S. hotel results for week ending 27 April As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April. CoStar is a leading provider of online real estate marketplaces, information ... STR More in this category Markets & Performance More like this Performance March 2024: Europe’s hospitality industry buds early The European hotel industry is continuing the positive momentum begun last month, with performance indicators showing steady improvement. While the weather in March was less than ideal, the opposite was true for the region’s hoteliers. While Souther... HSMAI Region Europe More in this category Markets & Performance More like this Performance Marriott International Reports First Quarter 2024 Results Marriott International, Inc. (Nasdaq: MAR) today reported first quarter 2024 results. Marriott International, Inc. More in this category Markets & Performance More like this Performance Information Overload Causing Frequent Basket Abandonment in Retail, Consumer Goods and Travel Purchases, Accenture Research Reveals The research, based on a survey of 19,000 consumers across 12 countries highlights the issue of ‘information overload’, with 73% of consumers feeling inundated by too much choice and 75% saying they are bombarded by advertising, resulting in 74% aba... Accenture More in this category Consumer TrendsMore in this category Markets & Performance More like this Performance Performance Greek Hospitality Industry Performance Q1 2024 During Q1 2024/23 international arrivals of non-residents at the Athens airport increased 20%, while the international arrivals at the airport of Thessaloniki increased 13%. Traffic registered growth across all months of the quarter. GBR Consulting More in this category Markets & Performance More like this The Hotel Yearbook ESG 2024 Unlocking the ESG Innovation Stack in Hospitality Download Your content on Hospitality Net? Hospitality Net membership explained
Performance STR Weekly Insights: 21-27 April 2024 U.S. hotel performance paused due to the Passover observance that began on Monday 22 April. Revenue per available room (RevPAR) declined 2.5% as occupancy fell 0.8 percentage points (ppts) and average daily rate (ADR) declined 1.3%. STR More in this category Markets & Performance More like this
Performance Travel & Tourism Injected €215BN into Italy’s Economy The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Italy’s Travel & Tourism sector contributed €215BN, representing 10.5% of Italy’s total economic output last year, underscoring the sector’s prominence as a b... World Travel & Tourism Council (WTTC) More in this category Markets & PerformanceMore in this category National & International Policy More like this
Performance U.S. hotel commentary - March 2024 Revenue per available room (RevPAR) fell 2.2% year over year (YoY) in March, marking the first such decline since February 2021. The decrease was due in part to an extra Sunday—the lowest performing day of the week—on the calendar as well as the Eas... STR More in this category Markets & Performance More like this
Performance Q1 Trading Update to 31 March 2024 Global RevPAR in the first quarter of 2024 continued to grow, up +2.6%, reflecting the strength of our globally diverse footprint. There was an impressive performance in EMEAA which was up nearly +9%. The Americas, having already recovered very stro... IHG Hotels & Resorts More in this category Markets & Performance More like this
Performance Industry experts’ predictions for occupancy and ADR hold steady, even with declining confidence in demand The Hospitality Industry Sentiment (HIS) survey is STR’s quarterly study capturing the experiences and expectations of travel industry professionals. This survey began in Q4 2022, and with the fifth edition completed in Q1 2024, some trends have sol... STR More in this category Markets & Performance More like this
Performance U.S. hotel results for week ending 27 April As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April. CoStar is a leading provider of online real estate marketplaces, information ... STR More in this category Markets & Performance More like this
Performance March 2024: Europe’s hospitality industry buds early The European hotel industry is continuing the positive momentum begun last month, with performance indicators showing steady improvement. While the weather in March was less than ideal, the opposite was true for the region’s hoteliers. While Souther... HSMAI Region Europe More in this category Markets & Performance More like this
Performance Marriott International Reports First Quarter 2024 Results Marriott International, Inc. (Nasdaq: MAR) today reported first quarter 2024 results. Marriott International, Inc. More in this category Markets & Performance More like this
Performance Information Overload Causing Frequent Basket Abandonment in Retail, Consumer Goods and Travel Purchases, Accenture Research Reveals The research, based on a survey of 19,000 consumers across 12 countries highlights the issue of ‘information overload’, with 73% of consumers feeling inundated by too much choice and 75% saying they are bombarded by advertising, resulting in 74% aba... Accenture More in this category Consumer TrendsMore in this category Markets & Performance More like this
Performance Performance Greek Hospitality Industry Performance Q1 2024 During Q1 2024/23 international arrivals of non-residents at the Athens airport increased 20%, while the international arrivals at the airport of Thessaloniki increased 13%. Traffic registered growth across all months of the quarter. GBR Consulting More in this category Markets & Performance More like this