Cologne hotel ADR and RevPAR reached record-high thanks to Euros
Pushed by the 2024 UEFA European Football Championship, Cologne’s hotel industry recorded its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to June preliminary data from CoStar.
Growth in room rates continues to drive Canada hotel industry
Canada’s hotel industry achieved continued performance gains through average daily rate (ADR), according to CoStar’s June 2024 data.
U.S. hotel profitability reflects gains in corporate demand and groups
A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analy...
Riyadh hotel ADR and RevPAR reached record highs in October
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.
Jakarta hotel occupancy and RevPAR reached significant levels in November
Jakarta hotels recorded their highest levels in occupancy and revenue per available room (RevPAR) since November 2011 and November 2013, respectively, according to preliminary 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 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.
Paris hotel bookings pacing above 60% for Summer Olympic period
Paris hotel bookings for the 2024 Summer Olympics are pacing above 60%, according to CoStar’s latest Forward STAR data.
Canada hotels record first transient occupancy increase in four months
After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data.
Madonna concert drove Rio de Janeiro’s hotel performance in May
Madonna’s final concert of her Celebration Tour pushed Rio de Janeiro’s hotel performance in May, according to preliminary data from CoStar.
U.S. hotel profitability surpassed 2019 levels for second consecutive month
U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable for a second consecutive month, according to STR‘s April 2022 P&L data release.
STR: Sydney’s hotel industry showed steady occupancy levels in May
Sydney’s hotel industry reported steady occupancy, while room rates fell slightly from the prior month, according to preliminary May 2022 data from STR.