Record-high room rates in Melbourne, Sydney driven by the Eras Tour
Record-high room rates in Melbourne, Sydney driven by the Eras TourWASHINGTON – 12 March 2024 – Boosted by Taylor Swift’s Eras Tour, the hotel industries in both Sydney and Melbourne posted their highest average daily rate (ADR) for any month on record, according to February preliminary data from CoStar.
Rio de Janeiro room rates peaked during Carnival
Rio de Janeiro room rates peaked during CarnivalWASHINGTON – 12 March 2024 – Helped by Carnival, Rio de Janeiro’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) since 2016, according to February preliminary data from CoStar.
Coldplay concerts drove Singapore hotel performance in January, Taylor Swift up next in March
Coldplay concerts drove Singapore hotel performance in January, Taylor Swift up next in MarchWASHINGTON – 14 February 2024 – Helped by Coldplay’s World of the Spheres Tour, Singapore hotels saw healthy performance growth, according to preliminary January data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
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.
COP28 and New Year’s Eve boosted Dubai hotel performance in December
COP28 and New Year’s Eve boosted Dubai hotel performance in DecemberWASHINGTON – 15 January 2024 – Helped by COP28 and New Year’s Eve, Dubai’s hotel industry reported its highest monthly average daily rate (ADR) on record, according to preliminary December data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
London hotel performance jumped during holiday season
London hotel performance jumped during holiday seasonWASHINGTON – 15 January 2024 – Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
December 2023 (year-over-year % change):
São Paulo hotel ADR and RevPAR reached record highs in November
São Paulo hotel ADR and RevPAR reached record highs in NovemberWASHINGTON – 12 December – São Paulo’s hotel industry reported its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, helped by several notable events, according to preliminary November data from CoStar.
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
Madrid hotels post highest ADR and RevPAR on record in October
Madrid hotels post highest ADR and RevPAR on record in OctoberWASHINGTON – 14 November 2023 – Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar.
Riyadh hotel ADR and RevPAR reached record highs in October
Riyadh hotel ADR and RevPAR reached record highs in OctoberWASHINGTON – 14 November 2023– Riyadh’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) level on record, according to October 2023 preliminary data from CoStar.
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