Baird/STR Hotel Stock Index jumped 10.5% in December, ended year up 38.4%
The Baird/STR Hotel Stock Index jumped 10.5% in December to a level of 6,760. For 2023, the stock index was up 38.4%.
Sydney hotels posted record-high room rates in December
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.
COP28 and New Year’s Eve boosted Dubai hotel performance in December
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.
London hotel performance jumped during holiday season
Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary 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.
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.
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 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.
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.
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.
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).
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.