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U.S. Hotel Results for Week Ending 22 June
CoStar Group | June 28, 2024
WASHINGTON – 28 June 2024 – The U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through 22 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 16-22 June 2024 (percentage change from comparable week in 2023): Occupancy: 69.5% (-2.5%) Average daily rate (ADR): US$159.88 (+0.1%) Revenue per available room (RevPAR): US$111.17 (-2.3%) Among the Top 25 Markets, Seattle saw the highest year-over-year increases in occupancy (+11.1% to 84.9%) and RevPAR...
Paris Hotel Booking Levels Nearing 80% for the Summer Olympics
COSTAR GROUP, INC. | June 27, 2024
WASHINGTON – 27 June 2024 – With one month until the start of the Summer Olympic Games, Paris hotel booking levels are nearing 80%, according to CoStar’s latest Forward STAR data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. A growth trajectory in occupancy on the books has accelerated in recent months, as levels were pacing just above 60% in April and at roughly 50% in February. As of 17 June, occupancy on the books is peaking at 77.8% on Saturday, 27 July, the night of 14 gold medal events. Opening night is a close second with occupancy on the bo...
Canada Hotel Occupancy Reached Four-Year High in August
CoStar Group | September 22, 2023
WASHINGTON – September 21, 2023 – Canada’s hotel industry reported its highest occupancy level since August 2019, according to CoStar’s August 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. August 2023 (percentage change from August 2022): Occupancy: 77.4% (+1.4%) Average daily rate (ADR): CAD226.04 (+5.8%) Revenue per available room (RevPAR): CAD174.87 (+7.2%) “Although year-over-year growth has moderated from earlier this year, performance improvement in August was still a considerable achievement against stronger metrics from las...
U.S. Hotel Results for Week Ending 16 September
CoStar Group | September 22, 2023
WASHINGTON – 22 September 2023 –U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 16 September. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 10-16 September 2023 (percentage change from comparable week in 2022): Occupancy: 67.7% (-2.2%) Average daily rate (ADR): US$161.15 (+2.3%) Revenue per available room (RevPAR): US$109.07 (+0.1%) Among the Top 25 Markets, Oahu Island saw the largest year-over-year occupancy increase (+7.4% to 83.6%). Helped by Dreamforce 2023, San Francisco posted the h...
Amsterdam Hotel Performance Jumped During Eventful August
CoStar Group | September 18, 2023
WASHINGTON – 18 September 2023 – Amsterdam’s hotel industry showed event-driven improvement in monthly performance, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. August 2023 (year-over-year % change): Occupancy: 80.0% (+5.2%) Average daily rate (ADR): EUR180.45 (+18.9%) Revenue per available room (RevPAR): EUR144.40 (+25.0%) The market’s hotel performance was helped by several events, including Pride Amsterdam, the 46th Congress of the European Society of Cardiology (ESC) and the Dutch Grand...
U.S. Hotel Performance for July 2023
CoStar Group | August 21, 2023
WASHINGTON – 21 August 2023 – The U.S. hotel industry reported mixed performance results month over month, according to July 2023 from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. July 2023 (percentage change from July 2022): Occupancy: 69.1% (-0.5%) Average daily rate (ADR): US$160.31 (+1.3%) Revenue per available room (RevPAR): US$110.80 (+0.8%) Among the Top 25 Markets, San Diego experienced the highest occupancy level (86.5%), which was up 2.6% year over year. Markets with the lowest occupancy for the month included New Orleans (...
STR: U.S. Hotel Results for Week Ending 9 July
STR | July 14, 2022
HENDERSONVILLE, Tennessee—As expected on the negative side of a holiday calendar shift, U.S. hotel performance came in lower than the previous week, according to STR‘s latest data through 9 July. 3-9 July 2022 (percentage change from comparable week in 2019*): Occupancy: 63.3% (-14.5%) Average daily rate (ADR): US$153.71 (+15.7%) Revenue per available room (RevPAR): US$97.37 (-1.1%) Whereas the previous week’s percentage changes were elevated on the favorable side of the calendar shift, the most recent week was skewed downward due to a comparison with a non-holiday week in 2019. After two consecutive weeks of lower dem...
STR: Canada Hotels Post Highest Rates Since September 2019
STR | June 27, 2022
HENDERSONVILLE, Tennessee—Canada’s monthly hotel performance improved from the previous month yet again, and room rates reached the highest level since September 2019, according to STR’s May 2022 data. May 2022 (percentage change from May 2019) Occupancy: 63.4% (-6.7%) Average daily rate (ADR): CAD171.37 (+2.8%) Revenue per available room (RevPAR): CAD108.67 (-4.1%) In addition to the highest ADR level since September 2019, the May RevPAR level was the country’s highest since October 2019 while occupancy was its highest since August 2021. “Overall, May was a strong month for Canada hotels, with many of the segme...