More than 33,830 rooms in 199 hotel projects are under contract in the Caribbean and Mexico. The total represents a 4.4% increase in rooms under contract compared with January 2016.
According to STR, the Baird/STR Hotel Stock Index closed January 2017 out at 3,723, up 0.5% from the end of 2016.
According to a projections by STR, the overall hotel industry in Houston will see overall performance growth between 150% and 350% during Super Bowl 51 weekend.
According to STR and Tourism Economics' first forecast of 2017, the U.S. hotel industry is projected to see slower but steady growth through 2018.
Hotel consulting firm STR is reporting that their Baird/STR Hotel Stock Index increased 7.1 percent from November to December 2016, and closed the year up 19.6 percent at 3,702.
More than 103 million Americans--the most on record--are expected to travel for the year-end holidays. This represents a 1.5 percent increase.
Hotel consultant STR is reporting this week that the Baird/STR Hotel Stock Index increased 11.8% in November 2016 to close the month at 3,474. Year to date, the index has grown 12.3%.
Waikiki in Honolulu packs a lot into its small, 500-acre landscape. At just two miles long and half-a-mile wide, there are nearly 300 hotels with over 50,000 rooms to choose from. And according to the Hawaii Tourism Authority, those rooms keep filling up.
It's that time of year again...where spirits are higher, people smile more, and winter takes on a wonderful, warm glow in which snow is beautiful rather than a bother. It really is the happ-happ-happiest time of the year.
According to AAA, over 48.7 million Americans will journey 50 miles or more from home this Thanksgiving holiday, an increase of one million travelers compared with last year.
32,056 rooms in 190 projects Under Contract in the Caribbean/Mexico region. The total represents a 14.3% increase in rooms Under Contract compared with October 2015.
The Baird/STR Hotel Stock Index decreased 0.8% in October 2016 to close the month at 3,108. Year to date, the index remains up 0.4%. Hotel stocks outperformed in October amid low investor expectations and rising interest rates.
The Baird/STR Hotel Stock Index fell 6.4% in September 2016 to close the month at 3,134. Year to date, the index remains up 1.3%. U.S. hotel industry is bracing for a slowdown in demand growth and an acceleration in the number of open hotels.
According to STR's September 2016 Pipeline Report, there were 32,678 rooms in 193 projects under contract in the Caribbean/Mexico region.
According to STR's August 2016 Pipeline Report, 27,951 rooms in 172 projects Under Contract in the Caribbean/Mexico region. The total represents a 1.7% decrease in rooms Under Contract compared with August 2015.
The National Football League has generated an average annual impact of $75 million on hotel room revenue during the past eight seasons. A net impact of $77 million on hotel room revenue in 2015.
STR is reporting this week that their Baird/STR Hotel Stock Index increased 0.9% in August to close the month at 3,349. Year to date, the index is up 8.2%. The Hotel Brand sub-index reported a 1.5% increase to 4,366 in August.