Contract rooms
A consistent block of rooms committed at stipulated contract rates for an extended period over 30 days with payment guaranteed regardless of use, such as for airline crews and permanent guests. This type of data is categorized as "contract" in segmentation calc...
Convention center
Property with a minimum of 300 rooms and large meeting facilities (minimum of 20,000 square feet) and not part of the Conference Center Group (CCG).
Converted in
Rooms added to a chain's inventory from another brand or independent hotel.
Converted out
Rooms removed from a chain's inventory and added to another brand or independent hotel.
County
In the U.S., a county is a geographic subdivision of a state (or federal territory).
Date comparison
Comparison of daily performance by actual calendar date (1st of January this year vs. 1st of January last year).
Revenue opportunity
The Day-of-Week Revenue Opportunity measures the revenue gap, if any, for each day of the week between your property and the relative performance of the highest-performing property in your comp set.
U.S. hotel results for week ending 22 July
U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through 22 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property marke...
U.S. hotel results for week ending 29 July
U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through 29 July.
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...