Oasis tour driving hotel bookings across European markets
Oasis tour driving hotel bookings across European marketsWASHINGTON – 18 November 2024 – Eight months before the start of Oasis’ sold-out tour, host markets in Europe are already seeing a significant impact on occupancy on the books, according to Forward STAR data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
U.S. hotel results for week ending 9 November
U.S. hotel results for week ending 9 NovemberWASHINGTON – 14 November 2024 – As projected for election week, the U.S. hotel industry reported negative year-over-year performance comparisons, according to CoStar’s latest data through 9 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Mix of October events drove Melbourne hotel performance
Mix of October events drove Melbourne hotel performanceWASHINGTON – 13 November 2024 – A number of events, including multiple concerts by Olivia Rodrigo and Coldplay, lifted Melbourne hotel performance in October, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
Occupancy: 75.3% (+4.5%)
Munich room rates spiked for Expo Real
Munich room rates spiked for Expo RealWASHINGTON – 13 November 2024 – Munich hotels saw a spike in average daily rate (ADR) and revenue per available room (RevPAR) during Expo Real, according to October preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
Dubai hotel occupancy jumped during Diwali
Dubai hotel occupancy jumped during DiwaliWASHINGTON – 13 November 2024 – Diwali celebrations helped Dubai’s hotel industry post its highest October occupancy level since 2012, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
U.S. hotel results for week ending 2 November
U.S. hotel results for week ending 2 NovemberWASHINGTON – 7 November 2024 – The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 2 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel results for week ending 26 October
U.S. hotel results for week ending 26 OctoberWASHINGTON – 31 October 2024 – The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 26 October. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Hotel pipeline activity increased globally, except for Europe
Hotel pipeline activity increased globally, except for EuropeWASHINGTON – 24 October 2024 – Europe is the only world region with lower hotel pipeline activity year over year, according to September 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
U.S. hotel construction increased for seventh consecutive month
U.S. hotel construction increased for seventh consecutive monthWASHINGTON – 23 October 2024 – The volume of U.S. hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s September 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Canada hotels record first occupancy decline in nine months
Canada hotels record first occupancy decline in nine monthsWASHINGTON – 22 October 2024 – Canada’s hotel industry recorded its first month-over-month occupancy decline since January 2024, according to CoStar’s September 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.