market reports
New York State’s Sullivan Catskills Visitors Association Reports Remarkable Surge in Tourism Spending
the Sullivan Catskills Visitors Association | September 22, 2023
Continues to Surpass Pre-Pandemic Levels of Visitor-Generated Revenue SULLIVAN CATSKILLS — [September 22, 2023] — The Sullivan Catskills Visitors Association is thrilled to announce a significant increase in tourism spending that has invigorated the region's economy and positioned it as a premier travel destination. Sullivan County has witnessed a remarkable surge in tourism, highlighting its enduring appeal and unique offerings to visitors from near and far. According to recent data compiled by Tourism Economics, traveler spending in Sullivan County in 2022 (the most recent data available) grew 25.8 percent, an increase of 154.4 percen...
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...
Phoenix, AZ: A Decade of Investor Confidence Pays Off
ZABADA N. ABOUELHANA | September 22, 2023
By Zabada N. Abouelhana, McKenna Luke, Aleisha Smith Phoenix has come a long way in the last decade, developing a diverse and welcoming economy that has allowed the city and surrounding communities to outperform other top-25 markets. Area officials and industry partners have made a concerted effort to grow the metro in a meaningful and multi-faceted way beyond the somewhat stable demand drivers of the former decades that slowed the recovery from the Great Recession. Furthermore, operators and officials were able to capitalize on the Super Bowl held in 2015 to grow overall RevPAR to a pre-pandemic high in 2019. Demand during that period w...
CoStar Group Launches the Next Generation of STR
CoStar Group | May 3, 2023
WASHINGTON -- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, announced today the launch of STR Benchmarking, a transformational market share product for the global hotel industry. STR Benchmarking represents the next generation of STR, with the company’s hotel data benchmarking, analytics and marketplace insights integrated into CoStar’s industry-leading information, analytics, and data-driven news platform. Acquired by CoStar Group in 2019, STR is the leader in the hotel benchmarking space with a sample of 77,000 partici...
ITA Data Release: October 2022 Total International Travel Volume
International Trade Administration | January 5, 2023
Data recently released by the National Travel and Tourism Office (NTTO) show that in October 2022: International Arrivals to the United States Total non-U.S. resident international visitor volume to the United States of 5,136,449, increased 144.9% compared to October 2021 and rose to 76.8% of the pre-COVID total visitor volume reported for October 2019, up from the prior month’s 72.7%. Overseas visitor volume to the United States of 2,456,788 increased 217.1% from October 2021. October 2022 was the nineteenth consecutive month that total non-U.S. resident international arrivals to the United States increased on a year-over-ye...
Amid Worsening Economic Outlook, Excessive Visa Wait Times Deter Visitors to the U.S.
U.S. Travel Association | November 30, 2022
WASHINGTON (November 30, 2022)—U.S. Travel Association’s biannual travel forecast shows a significant downgrade in international inbound travel for the rest of 2022 and 2023—a worrying trend caused by economic concerns and exacerbated by excessive wait times for first-time visa applicants. Potential visitors from top source markets—including Brazil, India and Mexico—currently confront 400-800-day wait times to meet with U.S. Consular officials. “While economic concerns are natural, excessive visitor visa wait times are a manmade obstacle that the Biden administration seemingly refuses to address,” said U.S. Travel Associatio...
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...
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