STR Global: hotel results worldwide for July 2012
The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for July 2012, according to data compiled by STR Global.
July 2012
STR: US hotel performance for July
The U.S. hotel industry reported increases in all three key performance metrics during July 2012, according to data from STR. Overall, the U.S. hotel industry’s occupancy rose 0.5 percent to 70.0 percent, its average daily rate was up 3.8 percent to US$107.44 and its revenue per available room increased 4.3 percent to US$75.25. Demand during July increased 1.0 percent with 105,964,171 rooms sold, breaking the July 2011 record of 104,957,596 rooms sold.
STR reports US hotel pipeline for July 2012
The total active U.S. hotel development pipeline comprises 2,745 projects totaling 300,954 rooms, according to the July 2012 STR/McGraw Hill Construction Dodge Pipeline Report. This represents a 6.9-percent decrease in the number of rooms in the total active pipeline compared to July 2011. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.