str asia pacific hotel performance 2021

The emergence of the Omicron variant and ensuing COVID case surge worldwide caused softened hotel performance across Europe. Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. "Year-end data displays the significant variance in recovery by region, stemming from different levels of pandemic restrictions around the world," said Robin Rossmann, managing . Many markets reintroduced . North America Media Contact . Share. Regional hotel investment activity is starting to pick up as the industry prepares for a rebound in post-pandemic travel." Historically speaking, the first quarter is typically strong for Singapore, behind only peak season (Q3) during normal trading conditions. When comparing hotel construction pipelines in Dec-2020 and Dec-2021, total under contract rooms stood at just under 950,000, a +6.5% increase on the previous year. STR: U.S. hotel performance for December 2021. Thursday, Jan. 27. / Posted on 16 February, 2021 15:42. SINGAPORE—Reflecting the effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported record lows in the three key performance metrics during April 2020, according to data from STR. Singapore Q1 2021 hotel performance update. Related Articles. LONDON — March 14, 2022 — London's hotel industry reported month-over-month performance improvement, according to preliminary February 2022 data from STR. Long-haul international travel will remain muted through 2025 for Europe and Asia Pacific, while the Middle East anticipates full recovery in that segment by 2024 with a boost from EXPO 2020. STR: Asia/Pacific Hotel Performance for February 2020 Asia/Pacific hotel occupancy decreased 37.7% to 41.2% in February, and despite a 1.9% ADR increase to $107.35, RevPAR dropped 36.5% to $44.27. Based on JLL's newly released annual Hotel Investment Outlook Report, Asia Pacific's hotel market recorded a sharp investment rebound in 2021, but levels still remain below pre-pandemic levels as the industry recovery continues.. JJL further reports transaction volume in Asia Pacific totaled $8.5 billion, accounting for 13% of total global hotel volume. 17 August 2021. Reflecting seasonal demand patterns and concerns around the pandemic, U.S. hotel performance continued to decline from previous weeks, according to STR's latest data . Year to date, RevPAR in Mainland China in May 2021 was at 80% of where it . STR. For more information, please visit str.com and . New York City experienced the highest occupancy level (71.2%), which was still down 17.9% from the markets 2019 benchmark. Asia/Pacific hotel occupancy decreased 37.7% to 41.2% in February, and despite a 1.9% ADR increase to $107.35, RevPAR dropped 36.5% to $44.27. 16 August 2021 Data Insights Blog The Asia Pacific region has seen increasing challenges through the first seven months of 2021, with situation varying greatly by country. November 11, 2021 | 3:22 P.M. U.S. hotel performance increased slightly from the previous week, according to STR's latest data through November 6. STR: Asia/Pacific hotel performance for October 2017. Comments 0 . The Asia Pacific region has seen increasing challenges through the first seven months of 2021, with situation varying greatly by country. 25 January 2021 Yearly. Asia Pacific Hotel performance ups and downs. Latest research report on Real Estate Investment in Asia Pacific in Q4 of 2021 published by Savills. INSIGHT Issue 1, 2021 - The Pulse of Radisson Hotel Group in Asia Pacific (EN) COVID-19 Webinar Summary: 5 Key Points on APAC Hotel Performance, 18 June - STR. For more information, please visit str.com and costargroup.com. The Asia Pacific hotel industry reported continued improved performance from previous months but at overall low levels during July 2020, according to data from STR. In a departure from its most recent projection in January, STR and Tourism Economics upgraded their latest 2021 U.S. hotel forecast due to better-than-expected demand in the first quarter, STR announced. STR: U.S. hotel performance for April 2021. LONDON, 30 January 2018: Hotels in the Asia Pacific region reported positive results in occupancy and revenue during 2017, according to data from STR. In year-on . Hotels in Asia-Pacific Region See Signs of Recovery Full Economic Recovery Dependent on Pandemic's Path . Miami and Dubai led the major global markets in hotel profit recovery for 2021, . about Australian Accommodation Monitor Summary - Financial-year performance: 2020-2021. HENDERSONVILLE, Tennessee — December 23, 2021 — U.S. hotel performance surpassed the levels seen during the comparable week of 2019, according to STR's latest data through 18 December. STR: U.S. hotel performance for September 2021. Excerpt from STR. and an Asia Pacific headquarters in Singapore. LONDON — February 7, 2022 — Miami and Dubai led the major global markets in hotel profit recovery for 2021, according to STR 's full-year P&L data release. You might also like: Dubai hotels surpassed . February 2022 (percentage change from February 2019): Occupancy: 56.9% (-8.2%) Average daily rate (ADR): US$137.39 (+6.8 . Asia Pacific direct real estate transactions in 2021 reached USD 177 billion - up 26% y-o-y and in line with 2019 levels - and in Q4 2021 investments rose 32% q-o-q with China, Australia and Singapore reporting strong gains. Singapore Q1 2021 Hotel Performance Update - STR. Article - Singapore Q1 2021 Hotel Performance Update - STR - Historically speaking, the first quarter is typically strong for Singapore, behind only peak season (Q3) during normal trading conditions. Comments 0 . August 26, 2021 | 12:39 P.M. 19 October 2021 Monthly. Asia Pacific Shanghai's GOPPAR . For more information, please visit str.com and costargroup.com. Inside the Hotel Numbers, Forecasting a Future, Jesper Palmqvist, Area Director - Asia Pacific, STR. They project that nationwide RevPAR will decline 52.3% for . May, 13 2021. This represented a 14.1% year . Asia Pacific Hotel Sales & Investment - October 2021. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. Hotel pipeline data for the end of January 2020 of the Asia/Pacific region showed 2,021 projects representing 441,819 rooms in construction, according to STR. December 2021 (% changes . SINGAPORE—Reflecting the effects of the COVID-19 pandemic, the Asia Pacific hotel industry reported record lows in the three key performance metrics during April 2020, according to data from STR. The Asia/Pacific region reported occupancy rose just 0.7% to 71.7%, and ADR increased 2.3% to $104.15 to push RevPAR up 2.9% to $74.68. Asia Pacific: Hotel Performance Ups and Downs. STR: U.S. hotel performance for November 2021. LONDON—STR's hotel pipeline data for the Asia Pacific region showed 2,021 projects accounting for 441,819 rooms in construction as of the end of January 2020. Miami's GOPPAR exceeded its 2019 comparable by 14 percentage points, while Dubai reached 95% of its pre-pandemic comparable. Comments 0 . November 24, 2021 | 2:32 P.M. Hotels in the Asia-Pacific . Occupancy: 58.8% Average daily rate (ADR): GBP130.79 Revenue per available room (RevPAR): GBP76.88 The occupancy level was the highest in the market since November 2021 but still 25% . SINGAPORE - Hotels in the Asia Pacific region saw record-low performance during 2020 . During Q1 2021, hotel occupancy levels were close to 65%, almost 9 points higher than Q1 2020. By Isabel Crowther | 2021-08-16T15:34:44-04:00 August 16th, 2021 | STR | August 16, 2021. and an Asia Pacific headquarters in Singapore. STR: Asia/Pacific 2017 hotel performance Hotels in the Asia/Pacific region saw occupancy increase by 2.6% to 70.9% in 2017, while ADR rose 0.9% to $100.57 and RevPAR increased 3.6% to $71.31. View video here. London's hotel industry reported month-over-month performance improvement, according to preliminary February 2022 data from STR. Asia Pacific's total rooms under contract rose 5.4% year-on-year to 550,818 in September 2021. Recommendations for hotel investors amid limited deals, as hotel owners wait and see; The rapid recovery of the cruise industry in H1 2021; Download the report below. Mainland China, which was already at . Canada's hotel industry reported slightly lower performance levels from the month . Here are the market outliers by region: North America. 20 January 2022 Monthly. and an Asia Pacific headquarters in Singapore. 3 minute read STR December, 28 2021. Among countries in the region, China has the most rooms in construction (295,989 . and an Asia Pacific headquarters in Singapore. STR's Christine Liu, Regional Manager - North Asia, will provide the latest data and insights into the pandemic impact on hotel performance in key markets around China on Tuesday, 24 March at 4:00 . 2021 (percentage change from 2019): Occupancy: 57.6% (-12.6%) Average daily rate (ADR): US$124.67 (-4.8%) Revenue Shares. STR: Asia/Pacific Hotel Performance for November 2020 The Asia/Pacific hotel industry reported occupancy decreased 25.8% to 53.5% in November as ADR fell 23.6% to $72.97 and RevPAR was down 43.3% . Press Release 25 January 2021 STR: Asia Pacific Hotel Performance For 2020. share this article. A global view presented by Jesper Palmqvist, Area Director Asia Pacific - STR How is the accommodation industry performing globally? The Asia Pacific region is the only area of the world showing increased hotel construction activity as at the end of last year, according to December 2021 data from benchmarking and hospitality data specialist STR. October 22, 2021 | 1 Comment . Occupancy increased 3.3% to 68.3%, ADR was nearly flat (-0.3% to $104) and RevPAR jumped 3% to […] read more → Posted in Monthly STR Overviews, STR Information Tagged ADR, Africa, Middle East . Hotels in the Asia Pacific region reported mostly negative results in the three key performance metrics during August 2019, according to data from STR.U.S. U.S. dollar constant currency, April 2020 vs. April 2019 Occupancy: -60.3% to 28.0% Average daily rate Local currency, October 2017 vs. October 2016. Asia Pacific Hotels Benchmarking Historical Data. Occupancy: 44.5% (-35.6%) Average daily rate (ADR): US$74.99 (-22.2%) Revenue per available room (RevPAR): US$33.39 (-49.9%) Each of the three key . While India has been steadily recovering from its latest outbreak, Australia and Indonesia are now facing new restrictions. June, 30 2021; STR; Because 2020 data is not a stable benchmark, we index RevPAR to 2019 for a more accurate recovery measurement. ADR, on the other hand, was just 1.6% . Additionally, the RevPAR level was the market's second highest of the pandemic-era, behind December 2021 (SAR472.07). Explore industry analysis, country-wise trends, segment data, market growth & new business opportunity . June 29, 2021 | No Comments | Market Research, Room Revenue, STR . Asia Pacific: Hotel performance ups and downs. Hong . Article - Taiwan Hotel Performance Update - STR - Certain markets in the Asia Pacific region are making strong progress toward hotel performance recovery, due almost exclusively to domestic demand. The U.S. hotel industry reported lower performance than the . Hotel occupancy in the Asia/Pacific region decreased 31% to 50.8% in August, according to STR. Asia Pacific's total hotel rooms under contract rose 5.4% in September >> Europe and Asia Pacific showed an increase in hotel pipeline activity at the end of the third quarter, according to September 2021 data from STR. For more information, please visit str.com and costargroup.com. North America Media Contact . STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. JLL said they expect hotels in Asia Pacific to receive investment of more than US$9 billion this year, up 30% from 2021. str 20 January 2022 HENDERSONVILLE, Tennessee - The U.S. hotel industry posted solid performance in comparison with pre-pandemic levels, according to December 2021 data from STR . That amounts to a 14.1% year-over . Excerpt from . STR: Asia/Pacific hotel performance for Q1 2017 In the first quarter of 2017, hotels in the Asia/Pacific region reported mostly year-over-year performance increases. Occupancy increased 3.3% to 68.3%, ADR was nearly flat (-0.3% to $104) and RevPAR jumped 3% to […] read more → Posted in Monthly STR Overviews, STR . With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per . 1 min. Asia Pacific Occupancy: 44.5% (-35.6% compared with 2019) More . While India has been steadily recovering from its latest COVID outbreak, Australia and Indonesia are now facing new restrictions. STR: U.S. hotel performance for February 2022. Asia Pacific will be the leading force of tourism's global recovery from COVID-19, as both an inbound destination as well as a robust source market. STR: Asia Pacific hotel performance for 2020. Miami's gross operating profit per available room (GOPPAR) beat 2019 levels by 14 percentage points, while Dubai reached 95% of its pre-pandemic comparable. Miami's GOPPAR was US$116.81, a 114% increase from its pre-pandemic . The Asia Pacific region has seen increasing challenges through the first seven months of 2021, with situation varying greatly . China Hotel Performance Update. With domestic tourism opening up in many destinations in the region and borders slowly re-opening, current data and trends are already providing early indications on the outlook of travel and tourism as we head into 2021. Lessons from China's recovery and thoughts on China outbound future from Business Development Manager North Asia, Vincci Yang. STR: Asia/Pacific hotel performance for June 2020 In June, hotels in the Asia/Pacific region reported continued improved performance compared to the previous month, according to data from STR . Implications for Australian performance and investment. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. Hong Kong hotel occupancy fell 73.0% to 24.0% Reflecting the effects of the COVID-19 pandemic, hotels in the Asia Pacific region reported a significant decline in occupancy but fairly steady room rates during February 2020, according to data from STR. 2021 (percentage change from 2019): Occupancy: 57.6% (-12.6%) Average daily rate (ADR): US$124.67 (-4.8%) Revenue per available room (RevPAR): US$71.87 (-16 . Indonesia Hotel and Restaurant Association (IHRA) Yogyakarta Chapter reported that of its 400 members, 100 hotels have halted operations, 50 have gone bust, while 172 are still operating . Asia Pacific Hotel Performance Ups and Downs - STR. Fill out . Year to date, RevPAR in Mainland China in May 2021 was at 80% of where it . Market Report Asia Pacific » Previous Article » Next Article » Submit Content; Market Report Asia Pacific. STR. Comments 0 . SINGAPORE—Hotels in the Asia Pacific region saw record-low performance during 2020, according to data from STR. STR Reports Canada Hotel Performance Recovery Continued Slowly in November. Occupancy: 58.8% Average daily rate (ADR): GBP130.79 Revenue per available room (RevPAR): GBP76.88 The occupancy level was the highest in the market since November 2021 but still 25% below the pre-pandemic comparable from 2019. Many markets reintroduced . 2 minute read STR January, 20 2022. 19 May 2021 Monthly. By Dana Miller Hotel News Now. STR Reports 2022 Year End U.S. Hotel Performance Vs. 2019. We will also use cookies to enhance your experience with Savills, including to show you more personalised content and tailored . Despite this measured optimism, STR and Tourism Economics were forced to downgrade their U.S. hotel performance forecast for the year. Comments 0 . U.S. dollar constant currency, April 2020 vs. April 2019 Occupancy: -60.3% to 28.0% Average daily rate Gross operating profit for U.S. hotels reached 52% of the comparable 2019 level, according to STR's full-year 2021 . Long-haul international travel will remain muted through 2025 for Europe and Asia Pacific, while the Middle East anticipates full recovery in that segment by 2024 with a boost from EXPO 2020. Savills uses necessary cookies to operate our website. According to data compiled by STR Global, hotels in the Asia Pacific region experienced increases in all three key performance metrics for January 2010 when reported in U.S. dollar. COVID-wracked 2020 was the worst year ever in terms of performance for the Asia-Pacific, US, Europe, African and Middle East hotel markets, according to industry analyst STR. Headquarters in Singapore 9 Points higher than Q1 2020 investment in the Asia Pacific headquarters in London, and Asia! 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