The 2019-20 School Break Report from STR shows notable shifts in school calendar dates and subsequent periods of high hotel leisure demand, with weather and variability across school districts playing a role in peak family vacation periods.
Year to date, the Baird/STR Hotel Stock Index is up 14.1%.
'The statistics are beyond concerning, and it's why I pushed for this necessary action to be undertaken by the City,' Miami Beach commissioner Kristen Rosen Gonzalez said in a news release.
By 2023, approximately 3,000 guestrooms of the top-end segment will have entered the Kuala Lumpur luxury hotel market. Big brands such as Banyan Tree, Four Seasons and W made their presence in 2018, and brands such as Equatorial, Conrad, Regent, Jumeirah, SO Sofitel, Park Hyatt and Kempinski have began, or are expected to begin, operations within the next 5 years.
The 41st NYU International Hospitality Industry Investment Conference wrapped up on June 4, 2019, and the overall sentiment of the event was one of caution, a shift from a sentiment of cautious optimism at conferences earlier in the year.
According to the published report, the U.S. as a whole performed positively in 2018, in both top- and bottom-line measures. Profit growth, or GOPPAR, was up 3.4 percent year-over-year, bolstered by gains in TRevPAR (up 2.9 percent YOY) and a muted increase in total payroll growth.
Total nonfarm payroll employment edged up in May (+75,000), and the unemployment rate remained at 3.6 percent. Employment continued to trend up in professional and business services and in health care.
Despite global slowdown concerns and political tension between leading economies, travel sentiment towards Europe proves upbeat for the summer period in both China and Brazil. According to the latest results of the Long-Haul Travel Barometer, the travel sentiment index in both markets improved by four points over the same period last year.
Exports generated by international tourism reached USD 1.7 trillion in 2018, a 4% increase in real terms over the previous year, a new report from the World Tourism Organization (UNWTO) shows. For the seventh year in a row, tourism exports grew faster than merchandise exports (+3%), reflecting solid demand for international travel in a generally robust economic environment.
U.S. hotel occupancy rose 0.6% to 64.5% during the week of 26 May through 1 June, while ADR increased 1% to $124.16 and RevPAR rose 1.6% to $80.10.