Performance in Manama, Bahrain, was heavily affected by the holiday. For the May 2016 year-to-date period, RevPAR was up 2.2%
Compared with June 2015, the U.S. hotel industry’s occupancy was nearly flat (+0.3% to 73.1%). Average daily rate for the
Central/South America region reported 28,680 rooms in 176 projects In Construction for the month. STR’s June 2016 Pipeline Report shows
Mecca was the only major hotel market in the Middle East to experience an increase in RevPAR during the two-week
Africa experienced a 5.8% decrease in occupancy to 56.1%. However, average daily rate was up 8.8% to US$100.16, and RevPAR
STR and forecast partner, Tourism Economics, believe the recent fluctuation of the British pound on the currency market exchange is
Compared with May 2015, the U.S. hotel industry’s occupancy dipped 0.5% to 67.0%. However, average daily rate for the month
The acquisition will enable STR to provide more comprehensive solutions to clients, particularly in the government, tourism and destination verticals.
The start and end of the winter/Christmas holiday break will be pushed back by two days, resulting in 40% fewer
The European region reported 63,759 rooms in 439 projects In Construction for the month. STR’s May 2016 Pipeline Report shows