Paris hotels already 50% booked for Summer Olympics
Paris hotels already 50% booked for Summer OlympicsWASHINGTON – 6 February 2024 – Paris’ hotel occupancy on the books is already topping 50% for the 2024 Summer Olympics, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
U.S. hotel profitability gains led by full-service chains, major markets
U.S. hotel profitability gains led by full-service chains, major marketsWASHINGTON – 2 February 2024 – Improvement in group business, especially across the Top 25 Markets and upper-upscale chains, drove growth in U.S. hotel revenues and profits, according to 2023 P&L 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 27 January
U.S. hotel results for week ending 27 JanuaryWASHINGTON – 1 February 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 27 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Las Vegas forecasted for highest hotel ADR in Super Bowl history
Las Vegas forecasted for highest hotel ADR in Super Bowl historyHENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.
U.S. hotel results for week ending 20 January
U.S. hotel results for week ending 20 JanuaryWASHINGTON – 25 January 2024 – U.S. hotel performance decreased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 20 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
STR, TE maintain projections in first U.S. hotel forecast of 2024
STR, TE maintain projections in first U.S. hotel forecast of 2024HENDERSONVILLE, Tennessee—STR and Tourism Economics made minimal adjustments to growth projections in the first U.S.
U.S. hotel results for week ending 13 January
U.S. hotel results for week ending 13 JanuaryWASHINGTON – 18 January 2024 – U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through 13 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Planning phases of U.S. hotel pipeline reflect confidence in travel
Planning phases of U.S. hotel pipeline reflect confidence in travelWASHINGTON – 18 January 2024 – Activity in the planning phases of the U.S. hotel pipeline remain up, while rooms in construction decreased after two months of gains, according to CoStar’s December 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. hotel performance for December 2023
U.S. hotel performance for December 2023WASHINGTON – 18 January 2024 – As expected due to the holiday season, the U.S. hotel industry reported lower performance results month over month, according to December 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
London hotel performance jumped during holiday season
London hotel performance jumped during holiday seasonWASHINGTON – 15 January 2024 – Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
December 2023 (year-over-year % change):