STR, Inc., the global leader of competitive benchmarking, information services and research for the hotel industry, has begun collecting development activity in the self storage industry.
STR Sector Analysis, LLC and the International Health, Racquet & Sportsclub Association announced they have entered into a strategic partnership to gather, analyze and market data and information about the health club sector in the U.S.
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The U.S. hotel industry reported occupancy dipped 0.5% to 73.8% during July 2017, while ADR rose 1.4% to $130.85 and RevPAR rose just 0.8% to $96.62.
The Canadian hotel industry reported positive performance during the week of 6-12 August. Occupancy increased 1.2% to 80.9%, while ADR jumped 9% to 179.33 Canadian dollars ($141.91) and RevPAR rose 10.3% to CA$145 ($114.75).
During the week of 6-12 August 2017, the U.S. hotel industry reported occupancy rose 0.7% to 73.6%, while ADR increased 1.5% to $128.39 and RevPAR rose 2.2% to $94.46.
In July, the Asia/Pacific region reported 276,757 rooms in 1,210 projects in construction, according to STR, which is a 8.3% year-over-year rooms increase.
The Central/South America region reported 27,333 rooms in 169 hotel projects in construction during July 2017, which is a 2.1% rooms decrease compared to the same month in 2016.
The Caribbean/Mexico region reported 16,015 rooms in 89 hotel projects in construction during July 2017, according to STR. The number of rooms is a 23.6% year-over-year increase.
The U.S. reported 188,734 rooms in 1,436 hotel projects in construction in July 2017, according to STR's pipeline report for the month. The number of rooms is a 10.2% year-over-year increase compared to July 2016.
Europe reported 77,280 rooms in 499 hotel projects in construction in July. The number of rooms is a 22% year-over-year increase.
During July, the Middle East reported 95,089 rooms in 301 hotel projects in construction, which is a 14.3% year-over-year increase. Africa reported 28,500 rooms in 163 projects in construction for the month, a 4.8% decrease from the same month in 2016.
The United Kingdom's hotels reported a 1.7% year-over-year occupancy increase to 75.1% during the first six months of 2017. ADR rose 4.7% to £89.33 ($115.94) and RevPAR jumped 6.5% to £67.12 ($87.11).
During the week of 30 July to 5 August, the Canadian hotel industry reported occupancy rose 2.7% to 78.2%, ADR increased 6.6% to 174.51 Canadian dollars ($137.63) and RevPAR jumped 9.5% to CA$136.52 ($107.69).
The U.S. hotel industry reported mostly negative results during the week of 30 July to 5 August. Occupancy decreased 1.5% to 74.5%, and despite a 0.7% ADR bump to $129, RevPAR dipped 0.8% to $96.08.
London's hotel market reported mostly positive year-over-year performance in July, according to preliminary STR data. Occupancy decreased 0.9% to 87.5%, but ADR rose 6.6% to £165.42 ($215.03) and RevPAR increased 5.6% to £144.76 ($188.14).
According to STR preliminary July data, Berlin hotels reported occupancy was mostly flat (-0.1% to 82.4%), while ADR increased 14.1% to €93.01 ($109.14) and RevPAR rose 14% to €76.68 ($89.98).
Sydney's hotels reported performance gains in July, according to preliminary STR data. Occupancy rose 4.2% to 86.9%, while ADR increased 4.7% to 206.90 Australian dollars ($163.28) and RevPAR increased 9.1% to AU$179.75 ($141.82).
Hotels in Dubai, United Arab Emirates, reported negative year-over-year performance in July 2017, according to preliminary STR data. Occupancy decreased 3.6% to 65.7%, ADR dropped 11.5% to 471.25 Emirati dirhams ($128.30) and RevPAR fell 14.7% to 309.76 Emirati dirhams ($84.31).
Preliminary July 2017 performance data for Hong Kong shows the market's hotels reported a 3.1% occupancy increase to 89.1%, a 6.1% ADR increase to 1,213.87 Hong Kong dollars ($155.34), and a 9.4% RevPAR increase to HK$1,081.14 ($138.35).
The Hotel Stock Index increased by 2.1% in July, and year to date, the index is up 12.8%.
During the week of 23-29 July, Canada's hotel industry reported occupancy rose just 0.4% to 81%, but a 3.3% ADR increase to 174.55 Canadian dollars ($138.65) drove RevPAR up 3.7% to CA$141.31 ($112.22).
The U.S. hotel industry reported positive results during the week of 23-29 July. Occupancy rose 0.3% year over year to 77.4%, ADR increased 1.2% to $132.21 and RevPAR climbed 1.5% to $102.39.