Record-high room rates in Melbourne, Sydney driven by the Eras Tour
Boosted by Taylor Swift’s Eras Tour, the hotel industries in both Sydney and Melbourne posted their highest average daily rate (ADR) for any month on record, according to February preliminary data from CoStar.
Dubai hotel performance jumped during eventful February
A series of events pushed all-time high occupancy levels in Dubai, according to February preliminary data from CoStar.
U.S. hotel results for week ending 9 March
U.S. hotel performance increased from the previous week but declined year over year, according to CoStar’s latest data through 9 March.
U.S. hotel performance for February 2024
The U.S. hotel industry reported higher performance results month over month, according to February 2024 data from CoStar.
Canada hotel room rates driven by groups in February
Canada’s hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar’s February 2024 data.
U.S. hotel results for week ending 16 March
U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March.
U.S. hotel results for week ending 23 March
U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 23 March.
U.S. hotel results for week ending 30 March
As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March.
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
STR: U.S. hotel results for week ending 22 January
U.S. hotel performance remained relatively flat from the previous week, according to STR‘s latest data through 22 January.
STR: U.S. hotel results for week ending 29 January
U.S. hotel performance increased slightly from the previous week and showed improved comparisons against 2019, according to STR‘s latest data through 29 January.
U.S. hotel profits reached 52% of pre-pandemic level in 2021
Gross operating profit for U.S. hotels reached 52% of the comparable 2019 level, according to STR‘s full-year 2021 P&L data release.