STR has significantly expanded the forward-looking component of its product offering through the launch of 104 new Forward STAR markets/submarkets in the U.S. and Canada.
Canada’s hotel performance increased from the previous month, with February revenue per available room (RevPAR) exceeding 100 Canadian dollars for the first time on record, according to STR’s February 2023 data.
American Express Global Business Travel (Amex GBT) has reported that it expects total business travel spending to grow by 24 per cent in 2023 to reach over a trillion dollars.
Colliers Hotels has released the 28th edition of its Canadian Hotel Investment Report.
Labour-related issues and energy/utility costs are among the top challenges on the mind of global hotel and travel industry professionals.
Canada’s hotel performance fell slightly from the previous month but surpassed the 2019 comparables, according to STR‘s January 2023 data.
According to the Q4 2022 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), LE analysts report that Canada’s total construction pipeline stands at 267 projects/35,758 rooms, up two per…
Miami and Qatar led the major global markets in hotel profit recovery for 2022, according to STR‘s full-year P&L data release.
Among the global regions, Asia saw the only decline in revenue per available room (RevPAR) from 2019, according to 2022 data from STR.
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to STR‘s 2022 data.
