Lower room rates stalled Melbourne’s performance growth in September
Lower room rates stalled Melbourne’s performance growth in SeptemberWASHINGTON – 12 October 2023 – Melbourne’s hotel industry reported a decline in revenue per available room (RevPAR) for just the second time this year, according to September 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
London hotel performance growth moderated in September
London hotel performance growth moderated in SeptemberWASHINGTON – 12 October 2023 – With the summer travel surge concluded, London’s hotel industry showed more normalized levels of growth, according to preliminary September 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Australia hotel performance normalizing with improvement in business travel
Australia hotel performance normalizing with improvement in business travelSYDNEY – 30 August 2023 – 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.
STR, TE lower growth forecast for U.S. hotels
STR, TE lower growth forecast for U.S. hotelsNASHVILLE—STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S.
Berlin hotel performance reaches 8-month high in June
Berlin hotel performance reaches 8-month high in JuneLONDON— Berlin’s hotel industry recorded its highest performance since September 2022, according to preliminary June 2023 data from STR.
June 2023 (year-over-year % change):
Key Middle East markets show mixed profitability in May
Key Middle East markets show mixed profitability in MayLONDON— Among key hotel markets in Middle East & Africa, Jordan and Qatar realized the only month-over-month gross operating profit per available room (GOPPAR) improvements, according to STR’s May 2023
CoStar Group lanza la próxima generación de STR
CoStar Group lanza la próxima generación de STRWashington - CoStar Group (NASDAQ: CSGP), el proveedor líder de mercados inmobiliarios en línea, información y análisis en los mercados de propiedades comerciales y residenciales, anunció hoy el lanzamiento de STR Benchmarking, un producto de vanguardia de participación en el mercado para la industria hotelera mundial.
STR: Amsterdam hotel ADR and RevPAR reached record-highs in April
STR: Amsterdam hotel ADR and RevPAR reached record-highs in AprilLONDON – Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.
April 2023 (year-over-year % change)
Tokyo’s hotel room rates pacing ahead of pre-pandemic levels
Tokyo’s hotel room rates pacing ahead of pre-pandemic levelsTOKYO—The reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR.
STR: London hotel performance remained steady in December
STR: London hotel performance remained steady in DecemberLONDON – London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.