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STR, TE downgrade U.S. hotel forecast

STR and Tourism Economics made significant downward adjustments to the 2024-25 U.S. hotel forecast just released at the 46th Annual NYU International Hospitality Industry Investment Conference. The latest revision reflects lower-than-expected performance thus far in 2024 as well as lessened growth projections for.

U.S. hotel results for week ending 25 May

The U.S. hotel industry reported mixed performance results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 25 May

Canada hotels report first occupancy increase in four months

After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data.

U.S. hotel results for week ending 18 May

The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar’s latest data through 18 May.

U.S. hotel performance for April 2024

The U.S. hotel industry reported mixed performance results from the previous month, but positive comparisons year over year, according to April 2024 data from CoStar.

U.S. hotel results for week ending 11 May

The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar’s latest data through 11 May.

Sporting events elevated Madrid hotel performance in April

Pushed by the Madrid Open and the UEFA Champions League quarterfinals, Madrid's hotel industry posted double-digit performance growth in April, according to preliminary data from CoStar.

Qatar’s April hotel performance peaked during Eid al-Fitr

Qatar hotel performance jumped during Eid al-Fitr, according to April preliminary data from CoStar.

Sydney hotels saw improved performance in April

Sydney's hotel industry recorded year-over-year increases in each of the three key performance metrics, according to April preliminary data from CoStar.

U.S. hotel results for week ending 4 May

U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 4 May.

U.S. hotel results for week ending 27 April

As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April.

Ramadan and Eid al-Fitr a success for Dubai hotels

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar.