Among all countries with a total supply of more than 50,000 rooms, Israel, France, Greece, Singapore, and Croatia led in RevPAR on an actual basis. Greece maintained the top spot despite the impact of wildfires, while Singapore rejoined the leaderboard after a brief hiatus.
STR’s global update through 18 March 2023 shows growing momentum in the Asia Pacific region and more than half of markets globally with better than 20% growth in revenue per available room (RevPAR) versus 2019.
STR’s global 'bubble chart' update through 19 November 2022 showed the strongest performance of the year thus far.
Among the 48 countries with room supply of more than 50,000 hotel rooms, 11 reported occupancy above 75%, which was one less than the previous 28-day period.
Global hotel hotel demand continues to strengthen, and the recovery index for the metric hit a pandemic-era high at the end of the third quarter of 2022. Among comparable, reporting hotels—those properties reporting data for the 2019 and 2022 year-to-date periods—September demand was just 6% shy of pre-pandemic levels.
STR’s global bubble chart update shows steady top-line performance indicators around much of the world during the four weeks ending 24 September 2022. While most countries maintained their recovery pace since our previous update, China’s struggles continued while other Asian countries saw a pickup in recovery pace.
For the summer of 2022, global hotel occupancy hit an average of nearly 70%, which is an increase of around 5% over the summer of 2019. - Group and business travel segments are showing steady recovery in Q4, with 4.3 million group room nights already booked for H1 2023.
Global hotel occupancy levels for April and May 2022 have exceeded pre-pandemic levels. Amadeus' forward-looking data shows global hotel bookings in June, July, and August 2022 are on par with 2019 with the potential to grow significantly.
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.