Sydney hotels posted record-high room rates in December
Sydney hotels posted record-high room rates in DecemberWASHINGTON – 15 January 2024 – Helped by New Year’s Eve, Sydney’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to December preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Baird/STR Hotel Stock Index jumped 10.5% in December, ended year up 38.4%
Baird/STR Hotel Stock Index jumped 10.5% in December, ended year up 38.4%HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 10.5% in December to a level of 6,760. For 2023, the stock index was up 38.4%.
U.S. hotel results for week ending 6 January
U.S. hotel results for week ending 6 JanuaryWASHINGTON – 11 January 2024 – U.S. hotel performance decreased from the previous week, while year-over-year comparisons improved, according to CoStar’s latest data through 6 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel results for week ending 30 December
U.S. hotel results for week ending 30 DecemberWASHINGTON – 4 January 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons were skewed downward due to a calendar shift, according to CoStar’s latest data through 30 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel results for week ending 23 December
U.S. hotel results for week ending 23 DecemberWASHINGTON – 28 December 2023 – As anticipated ahead of the holidays, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 23 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel results for week ending 16 December
U.S. hotel results for week ending 16 DecemberWASHINGTON – 21 December 2023 –U.S. hotel performance was expectedly lower from the previous week, but year-over-year comparisons were positive, according to CoStar’s latest data through 16 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Canada hotel performance followed seasonal trends in November
Canada hotel performance followed seasonal trends in NovemberWASHINGTON – 20 December 2023 – As expected, Canada’s hotel performance fell month over month, but continued a stretch of year-over-year growth, according to CoStar’s November 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance for November 2023
U.S. hotel performance for November 2023WASHINGTON – 20 December 2023 – As expected, the U.S. hotel industry reported lower performance results from the previous month but improved year-over-year comparisons, according to November 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
November 2023 (percentage change from November 2022):
CoStar Group’s SHARE Center crowns winners of five Student Market Study Competitions
CoStar Group’s SHARE Center crowns winners of five Student Market Study CompetitionsWASHINGTON – 15 December 2023 – In its continued support of hospitality, tourism and real estate education around the world, CoStar Group’s SHARE Center held five student market competitions in October and November 2023.
Jakarta hotel occupancy and RevPAR reached significant levels in November
Jakarta hotel occupancy and RevPAR reached significant levels in NovemberWASHINGTON – 12 December 2023 – Jakarta hotels recorded their highest levels in occupancy and revenue per available room (RevPAR) since November 2011 and November 2013, respectively, according to preliminary data from C