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.
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 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.
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 3 February
U.S. hotel performance decreased slightly from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 3 February.
Coldplay concerts drove Singapore hotel performance in January, Taylor Swift up next in March
Helped by Coldplay’s World of the Spheres Tour, Singapore hotels saw healthy performance growth, according to preliminary January data from CoStar.
U.S. hotel results for week ending 10 February
U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 10 February.
U.S. hotel performance for January 2024
The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar.