Hotel pipeline activity increased globally, except for Europe
Hotel pipeline activity increased globally, except for EuropeWASHINGTON – 24 October 2024 – Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
U.S. hotel construction increased for seventh consecutive month
U.S. hotel construction increased for seventh consecutive monthWASHINGTON – 23 October 2024 – The volume of U.S. hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s September 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Canada hotels record first occupancy decline in nine months
Canada hotels record first occupancy decline in nine monthsWASHINGTON – 22 October 2024 – Canada’s hotel industry recorded its first month-over-month occupancy decline since January 2024, according to CoStar’s September 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance for September 2024
U.S. hotel performance for September 2024WASHINGTON – 18 October 2024 – The U.S. hotel industry reported mixed performance results from the previous month, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (percentage change from September 2023):
U.S. hotel results for week ending 12 October
U.S. hotel results for week ending 12 OctoberWASHINGTON – 17 October 2024 – Helped by the Columbus Day/Indigenous Peoples' Day calendar shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 12 October.
Berlin hotels posted all-time high performance for September
Berlin hotels posted all-time high performance for SeptemberWASHINGTON – 16 October2024 – The 2024 International Trade Fair for Transport Technology (InnoTrans) pushed Berlin’s monthly average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs, according to September preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Events pushed Brisbane hotel performance to September highs
Events pushed Brisbane hotel performance to September highsWASHINGTON – 16 October 2024 – Events pushed Brisbane hotel average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs for September, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (year-over-year % change):
Rio de Janeiro’s room rates jumped to eight-year high thanks to Rock in Rio
Rio de Janeiro’s room rates jumped to eight-year high thanks to Rock in RioWASHINGTON – 16 October 2024 – Boosted by the Rock in Rio music festival, Rio de Janeiro’s hotel industry reached its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) in eight years, according to September preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (year-over-year % change):
U.S. hotel results for week ending 5 October
U.S. hotel results for week ending 5 OctoberWASHINGTON – 10 October 2024 – Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 5 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Auckland hotel booking levels topping 80% for upcoming Coldplay concerts
Auckland hotel booking levels topping 80% for upcoming Coldplay concertsWASHINGTON – 9 October 2024 – Auckland hotel booking levels are as high as 84% for Coldplay’s ‘Music of the Spheres’ World Tour next month, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Over the course of October and November, Coldplay is set to perform 11 times across three markets in the region: Melbourne, Sydney, and Auckland.