Saran Ryan News Today

Article - STR and Tourism Economics Maintain Projections in First U.S. Hotel Forecast of 2024 - STR and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS).

Article - STR and Tourism Economics Upgrade U.S. Hotel ADR and RevPAR Forecast - STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.

Article - Inflation Abomination - How Inflation Affects Hotel Revenue Streams, Expenses - CoStar - A presentation on inflations effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face increasing costs, particularly from labor.

Article - STR and Tourism Economics Lower Growth Forecast for U.S. Hotels - For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast just presented at the 15th Annual Hotel Data Conference.

Based on sentiments shared at this year's NYU International Hospitality Industry Investment Conference, impact from high inflation and recession fears appears to have done little to dampen the hotel sector's momentum.

STR and Tourism Economics upgraded the 2023 US hotel forecast just presented at the 45th Annual NYU International Hospit

Article - STR and Tourism Economics Report Upgrade U.S. ADR and RevPAR Forecast; Profit Growth to Be Limited - STR and Tourism Economics upgraded the 2023 U.S. hotel forecast just presented at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

The Hospitality Sales and Marketing Association International’s (HSMAI) Commercial Strategy Week will take place in person in Toronto, Ontario, Canada, from June 26-29, 2023. HSMAI’s Commercial Strategy Week is Leading the Way in connecting senior leaders in hotel marketing in meaningful conversations about the most important strategic issues facing the business today and in delivering the most comprehensive revenue optimization event for the hotel industry. The week’s events reflect the c...