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Statewide hotel occupancy for Hawaii in May dropped to 71.2 %, a 1.3 % loss from May 2023, according to a report from STR, a company that supplies data and analytics to the hospitality industry ...
Pre-pandemic, hotels needed about 40% occupancy in order to break even on costs, but with cleaning being cut back, that figure has shifted closer to 30%, Scholes said.
STR, Inc. is a subsidiary of CoStar Group that provides market data on the hotel industry worldwide, including supply and demand and market share data. The company has a corporate headquarters in Hendersonville, Tennessee, an international headquarters in London, England and offices in Italy, Dubai, Brazil, Singapore, Tokyo, Jakarta, Sydney, and Beijing.
It can also be called hotel occupancy tax in places like New York City and Texas. [1] [2] Despite its name, it generally applies to the same range of accommodations. Hotel taxes in the United States are usually levied at a state level but in some cases cities and counties add additional charges on top. [3] Other examples of lodging follow ...
The most common type of tourist tax in Europe and the United States is to levy a tax on accommodation known as a hotel tax, occupancy tax, lodging tax or bed tax. [5] The tax is levied against individuals when they rent accommodation (a room, rooms, entire home, or other living space) in a hotel , inn , tourist home or house, motel , or other ...
Plans are in the works for a five-story hotel on East Seventh Street. It will include 133 rooms and a cocktail lounge, according to city documents. ... Occupancy rates in the Austin metro stood at ...
Since RevPAR is a measurement for a particular period of time (say a day, or month or year) it is most often compared to the same time frame. It is often used in comparison to competitors within a custom defined market, trading area, or advertising region or a self-selected competitive set as defined by the hotel's owner or manager, which is referred to as RevPAR Index or RGI (Revenue ...
A hotel complex of towers rising more than 328 feet in height and holding four three- and four-star hotels identified as Gamma-Delta, Alfa, Beta, and Vega. Gamma-Delta alone has 2,000 rooms, 16 ...