How are percent changes calculated?
Hotel and comp set performance changes are measured against the same period last year. The percent change is calculated using the following formula: (This Year-Last Year) / Last Year. If a percent change column in blank this means that current and/or historical da...
The Americas and Asia Pacific show growth in hotel pipeline activity
Two of the world regions, the Americas and Asia Pacific, showed a year-over-year increase in hotel pipeline activity at the end of the second quarter, according to June 2024 data from CoStar.
Madrid hotels post highest ADR and RevPAR on record in October
Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar.
São Paulo hotel ADR and RevPAR reached record highs in November
São Paulo’s hotel industry reported its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, helped by several notable events, according to preliminary November data from CoStar.
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).
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.
Canada hotel occupancy dipped because of less leisure demand in January
Canada’s hotel industry showed lower occupancy but continued growth in average daily rate (ADR), according to CoStar’s January 2024 data.
Six Nations, St. Patrick’s Day drove Dublin hotel occupancy in March
Dublin’s hotel occupancy was helped by the Six Nations Men’s 2024 championship and St. Patrick’s Day festivities, according to March 2024 preliminary data from CoStar
IHIF Preview: U.K., Poland and Ireland lead Europe hotel occupancy recovery
The U.K., Poland and Ireland are the three European countries to achieve occupancy indexes that are 80% or better of pre-pandemic levels, according to the latest preliminary data from STR that will be presented at the International Hospitality Investment Forum (IHIF)...
STR: Abu Dhabi and Dubai hotels exceeded 2019 Eid al-Fitr performance
The Abu Dhabi and Dubai hotel industries recorded occupancy and average daily rate (ADR) that exceeded the 2019 Eid al-Fitr comparables, according to preliminary data from STR.
STR, TE lift ADR projections further in revised U.S. hotel forecast
STR and Tourism Economics adjusted occupancy downward but lifted projections once again for average daily rate (ADR) in the revised U.S. hotel forecast just presented at the 14th Annual Hotel Data Conference.
STR: Sydney recorded best hotel performance of the pandemic-era in September
Sydney’s monthly hotel performance reached a pandemic-era high, according to preliminary September 2022 data from STR.