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Paris hotels already 50% booked for Summer Olympics

Paris’ hotel occupancy on the books is already topping 50% for the 2024 Summer Olympics, according to data from CoStar.

U.S. hotel profitability gains led by full-service chains, major markets

Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L data from CoStar.

U.S. hotel results for week ending 27 January

U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January.

Las Vegas forecasted for highest hotel ADR in Super Bowl history

Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

U.S. hotel results for week ending 20 January

U.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 20 January.

STR, TE maintain projections in first U.S. hotel forecast of 2024

STR and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS).

Canada’s record-high hotel ADR outpaced inflation in 2023

Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data.

Hotel pipeline down for most of the world at the end of 2023

With substantial volume in the planning phases, the Americas was the only world region to show an increase in overall hotel pipeline activity, according to year-end data from CoStar.

U.S. hotel results for week ending 13 January

U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 13 January.

Planning phases of U.S. hotel pipeline reflect confidence in travel

Activity in the planning phases of the U.S. hotel pipeline remain up, while rooms in construction decreased after two months of gains, according to CoStar’s December 2023 data.

U.S. hotel performance for December 2023

As expected due to the holiday season, the U.S. hotel industry reported lower performance results month over month, according to December 2023 data from CoStar.

U.S. hotels posted record-high ADR and RevPAR in 2023

The U.S. hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar.