Labor costs kept U.S. hotel GOPPAR down in June
U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplaces, information and analytics in the p...
Europe’s key hotel markets report highest GOPPAR of 2023
Each of Europe’s key hotel markets saw year-over-year improvement and their highest 2023 levels in gross operating profit per available room (GOPPAR), according to CoStar’s June 2023 P&L data release. CoStar is a leading provider of online real estate marketplace...
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 ...
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. ...
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...
Canada hotel performance remained on upward trajectory in September
Canada’s hotel industry continued a stretch of year-over-year performance growth, according to CoStar’s September 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotels posted record-high ADR and RevPAR in 2023
The U.S. hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 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.
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.
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.
Canada hotels report first occupancy increase in four months
After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data.
U.S. hotel profitability reached 28-month high in March
U.S. hotel gross operating profit per available room (GOPPAR) reached its highest level since November 2019, according to STR‘s March 2022 P&L data release.