U.S. hotel results for week ending 23 November
U.S. hotel results for week ending 23 NovemberWASHINGTON – 27 November 2024 – Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
17-23 November 2024 (percentage change from comparable week in 2023):
Canada hotels posted record-high room rates for an October
Canada hotels posted record-high room rates for an OctoberWASHINGTON – 22 November 2024 – Canada’s October hotel average daily rate (ADR) exceeded CAD200 for the first time on record, according to data from CoStar. 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 November
U.S. hotel results for week ending 16 NovemberWASHINGTON – 21 November 2024 – Due to the Veteran’s Day calendar shift, the U.S. hotel industry reported mixed year-over-year performance comparisons, according to CoStar’s latest data through 16 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance for October 2024
U.S. hotel performance for October 2024WASHINGTON – 21 November2024 – The U.S. hotel industry reported higher performance results from the previous month, according to October 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (percentage change from October 2023):
Cali hotel room rates reached an all-time high during COP16
Cali hotel room rates reached an all-time high during COP16WASHINGTON – 19 November 2024 – The hotel industry in Cali, Colombia, posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record during the 16th UN Biodiversity Conference (COP16), according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Cali saw both daily and monthly records because of COP16.
STR, TE lower U.S. hotel growth forecast in final revision of 2024
STR, TE lower U.S. hotel growth forecast in final revision of 2024NASHVILLE – STR and Tourism Economics downgraded the growth rate in the final U.S. hotel forecast revision of 2024.
Oasis tour driving hotel bookings across European markets
Oasis tour driving hotel bookings across European marketsWASHINGTON – 18 November 2024 – Eight months before the start of Oasis’ sold-out tour, host markets in Europe are already seeing a significant impact on occupancy on the books, according to Forward STAR data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
U.S. hotel results for week ending 9 November
U.S. hotel results for week ending 9 NovemberWASHINGTON – 14 November 2024 – As projected for election week, the U.S. hotel industry reported negative year-over-year performance comparisons, according to CoStar’s latest data through 9 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Dubai hotel occupancy jumped during Diwali
Dubai hotel occupancy jumped during DiwaliWASHINGTON – 13 November 2024 – Diwali celebrations helped Dubai’s hotel industry post its highest October occupancy level since 2012, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
Munich room rates spiked for Expo Real
Munich room rates spiked for Expo RealWASHINGTON – 13 November 2024 – Munich hotels saw a spike in average daily rate (ADR) and revenue per available room (RevPAR) during Expo Real, according to October preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):