Canada hotel ADR and RevPAR reached record-highs in July
Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to CoStar’s July 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in ...
U.S. hotel results for week ending 19 August
Following seasonal patterns, U.S. hotel performance declined from the previous week but showed most positive comparisons year over year, according to CoStar’s latest data through 19 August.
Inventory
A count of all existing buildings that includes both open and temporarily closed buildings.
Meetings, Incentives, Conferences & Exhibitions (MICE)
This tourism segment represents a significant portion of global business travel as well as hotel demand on the days of the week that typically cater to business travelers. Bookings from the MICE segment are usually made well in advance of an event.
3-Month Average
The value of any given month is computed by averaging the value of that month and the 2 preceding months.
Australia hotel performance normalizing with improvement in business travel
Australia’s recent hotel performance represents normalization as leisure demand has peaked and given way to strengthening in corporate business, according to CoStar and STR analysis that will be presented this week at NoVacancy Hotel + Accommodation Industry Expo. ...
U.S. hotel results for week ending 26 August
Following seasonal patterns, U.S. hotel performance declined from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 26 August.
U.S. hotel results for week ending 2 September
Following seasonal patterns, U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 2 September.
Baird/STR Hotel Stock Index down 3.6% in August
The Baird/STR Hotel Stock Index fell 3.6% in August to a level of 5,856.
U.S. hotel results for week ending 9 September
Continuing seasonal patterns, U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 9 September.
Amsterdam hotel performance jumped during eventful August
Amsterdam’s hotel industry showed event-driven improvement in monthly performance, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Sydney hotel performance peaked during FIFA Women’s World Cup
Helped by the FIFA Women’s World Cup, Sydney’s hotel industry recorded its highest monthly performance levels since March 2023, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and ana...