What does running MTD mean?
It stands for running month-to-date. The MTD numbers are based on a calendar month and include all days of the same month, through the most recent calendar day included in the report. If the most recent week’s reporting includes data in two calendar months, the MTD n...
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...
Why is there a large range for my percent numbers?
The data for this year vs. the same period last year may vary, depending on a number of factors such as holidays, calendar shifts, special events and promotions.
I would like to question some of my report's information, what should I do?
If you are a branded hotel, please contact your chain or management company representative. Independent hotels should contact us directly.
How can I choose my ideal comp set?
Your biggest competitors are the properties sharing the highest amount of potential customers. This often means that your competitors are those sharing similar traits with your property or properties. Distance, size, market segment, quality of service, online ...
Eras Tour led to March records for Singapore hotels
The host of six Taylor Swift concerts, Singapore’s hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.
Jeddah room rates jumped during Formula One
Helped by the annual Saudi Arabian Grand Prix, Jeddah’s hotel industry reported performance growth across the metrics, according to March preliminary data from CoStar.
U.S. hotel results for week ending 6 April
U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 6 April.
Hotel pipeline activity down globally, except in the Americas
The Americas is the only world region that showed a year-over-year increase in pipeline activity at the end of the first quarter, according to March 2024 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.
U.S. hotel construction activity rose in March, first increase in nine months
The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data.
U.S. hotel results for week ending 13 April
Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April.