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June 20, 2025
DC's Wharf nets $1.2 billion in refinancing to grow waterfront project
The Wharf mixed-use project in Washington, D.C., has closed on a $1.15 billion refinancing deal — one of the largest such transactions in the city's history — that positions the landmark project for new growth, the group that oversees the property said.
June 19, 2025
CoStar Group wins gold medal in largest US real estate journalism contest
CoStar Group's news staff won a gold medal in the largest real estate journalism contest in the United States for a podcast analyzing hospitality trends and received a bronze medal for coverage of how Hurricane Helene upended residential real estate sales in Asheville, North Carolina.
June 12, 2025
Wyndham eyes site near Vancouver’s Granville Island for extended-stay hotel
Developers have proposed an 18-storey hotel in Vancouver that could be the first upscale extended stay property in Canada for global hotel giant Wyndham Hotels & Resorts.
June 11, 2025
CoStar World News for June 12
June 11, 2025
US tourism expected to take a hit as Canadians increase trips to other countries
Canadians are taking fewer trips to the United States and choosing other destinations to visit in the wake of disputes over tariffs and concerns about immigration.
June 9, 2025
Australia's hotel owners increasingly turn to sustainability-linked loans
Green loans in the hotel industry are on a sharp upward curve in Australia as environmental, social and governance becomes more of a “prerequisite” and banks hold hoteliers to account for their policies and practice.
June 5, 2025
Vancouver approves plan to revitalize a downtown entertainment district
Vancouver leaders approved a plan to try to revitalize downtown’s faded stretch of Granville Street in the coming decades using aspects of the past development of New York City’s Times Square and Tokyo’s Shibuya Crossing as models.
June 4, 2025
CoStar World News for June 5
May 30, 2025
British Columbia rejects property industry call to ease short-term rental clampdown
British Columbia's largest real estate organization has called for more exemptions to short-term rental rules as the province begins to clamp down on listings by platforms such as Airbnb ahead of the busy summer travel season.
May 29, 2025
Behind Accor's plans to expand its hotel business in India through partnerships
Accor is going big in India, the country with the world’s largest population and, according to sources, the next major market for both domestic travel and inbound and outbound international travel.
May 29, 2025
CoStar World News for May 29
May 28, 2025
Borderline slump: Canadian travel dip unevenly hits hotel performance in US areas near Canadian border
According to Tourism Economics, recent data from Statistics Canada reveals an ongoing decline in Canadian travel to the U.S., with a 35.2% year-over-year drop in land crossings and a 19.9% decrease in air arrivals in April. This pullback continues to weigh on hotel performance, particularly in markets near the Canadian border. However, a closer analysis suggests that the severity of the impact may be overstated.
May 28, 2025
Hong Kong hotel performance a mixed bag, even amid high occupancy levels
Hotel performance in Hong Kong this year tells a mixed story. Year to date, occupancy is up 4% compared to last year, but average daily rate is down 4%.
May 21, 2025
CoStar World News for May 22
May 21, 2025
Trade dispute draws attention to whether US tourists will remain stateside
U.S. tourism is crucial for Canada's economy. In 2024, U.S. tourists visiting Canada numbered over 14 million, more than double the levels of all other international tourists combined and the highest number since 2016. Increasing tourist arrivals is vital to the country’s hospitality sector because of the large economic impact U.S. visitors have on Canada's hotel sector.
May 20, 2025
Historically preserved Nantucket resort captures imagination of renowned author's fan base
Thirty miles out to sea lies an 18th century, year-round resort on an idyllic island preserved in time — so much that it's inspired dozens of novels from the pen of one of the island's own residents.
May 19, 2025
Montreal hospitality sector's make-or-break summer season under threat from fewer expected visitors
Montreal’s prime summer tourism season is getting ready to kick into high gear with the Canadian Grand Prix in mid-June followed in quick succession by the Festival International de Jazz de Montreal, two of the many events that typically attract international and domestic tourists to the city during the summer.
May 16, 2025
Montreal preps for annual auto race that pushes hospitality revenue into overdrive
Montreal hoteliers, restaurateurs and retail owners are revving up for their most lucrative weekend, as the Formula 1 Grand Prix race is set to roll into town next month.
May 15, 2025
Hotel execs remain cautiously optimistic as potential tariffs threaten construction budgets
U.S. President Donald Trump's second term has been defined in part by his back-and-forth plans for tariffs, and the hotel industry has been left to grapple with what these new taxes will do to construction and furniture, fixtures and equipment for upcoming and ongoing hotel projects.
May 14, 2025
Developer pitches British Columbia's tallest skyscraper in mixed-use proposal
A local firm filed plans for a massive mixed-use development that, if built, would include British Columbia's tallest skyscraper and help the region meet skyrocketing demand for housing and hotel rooms.

DC's Wharf nets $1.2 billion in refinancing to grow waterfront project

CoStar Group wins gold medal in largest US real estate journalism contest

Wyndham eyes site near Vancouver’s Granville Island for extended-stay hotel

CoStar World News for June 12

US tourism expected to take a hit as Canadians increase trips to other countries

Australia's hotel owners increasingly turn to sustainability-linked loans

Vancouver approves plan to revitalize a downtown entertainment district

CoStar World News for June 5

British Columbia rejects property industry call to ease short-term rental clampdown

Behind Accor's plans to expand its hotel business in India through partnerships

CoStar World News for May 29

Borderline slump: Canadian travel dip unevenly hits hotel performance in US areas near Canadian border

Hong Kong hotel performance a mixed bag, even amid high occupancy levels

CoStar World News for May 22

Trade dispute draws attention to whether US tourists will remain stateside

Historically preserved Nantucket resort captures imagination of renowned author's fan base

Montreal hospitality sector's make-or-break summer season under threat from fewer expected visitors

Montreal preps for annual auto race that pushes hospitality revenue into overdrive

Hotel execs remain cautiously optimistic as potential tariffs threaten construction budgets

Developer pitches British Columbia's tallest skyscraper in mixed-use proposal

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888-226-7404