U.S. hotel results for week ending 25 November
U.S. hotel results for week ending 25 NovemberWASHINGTON – 22 November 2023 – As expected due to the Thanksgiving holiday, U.S. hotel performance fell from the previous week, according to CoStar’s latest data through 25 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel results for week ending 18 November
U.S. hotel results for week ending 18 NovemberWASHINGTON – 22 November 2023 – U.S. hotel performance showed mixed year-over-year comparisons, according to CoStar’s latest data through 18 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance for October 2023
U.S. hotel performance for October 2023WASHINGTON – 20 November 2023 – The U.S. hotel industry reported mixed performance results from the previous month, according to October 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
October 2023 (percentage change from October 2022):
STR, TE upgrade U.S. ADR and RevPAR forecast
STR, TE upgrade U.S. ADR and RevPAR forecastHENDERSONVILLE, Tennessee—STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.
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.
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.
Lower room rates stalled Melbourne’s performance growth in September
Lower room rates stalled Melbourne’s performance growth in SeptemberWASHINGTON – 12 October 2023 – Melbourne’s hotel industry reported a decline in revenue per available room (RevPAR) for just the second time this year, according to September 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
London hotel performance growth moderated in September
London hotel performance growth moderated in SeptemberWASHINGTON – 12 October 2023 – With the summer travel surge concluded, London’s hotel industry showed more normalized levels of growth, according to preliminary September 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Australia hotel performance normalizing with improvement in business travel
Australia hotel performance normalizing with improvement in business travelSYDNEY – 30 August 2023 – Australia’s recent hotel performance represents normalization as leisure demand has peaked and given way to strengthening in corporate business, according to CoStar and STR analysis that will be presented this week at NoVacancy Hotel + Accommodation Industry Expo.
STR, TE lower growth forecast for U.S. hotels
STR, TE lower growth forecast for U.S. hotelsNASHVILLE—STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S.