occupancy
U.S. Hotel Results for Week Ending 20 July
CoStar Group | July 25, 2024
WASHINGTON – 25 July 2024 – The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 14-20 July 2024 (percentage change from comparable week in 2023): Occupancy: 73.5% (+1.0%) Average daily rate (ADR): US$165.91 (+2.4%) Revenue per available room (RevPAR): US$122.02 (+3.4%) The U.S. RevPAR level was the highest for any week on record. Among the Top 25 Markets, Houston saw the high...
Growth in Room Rates Continues To Drive Canada Hotel Industry
CoStar Group | July 24, 2024
WASHINGTON – 24 July 2024 – Canada’s hotel industry achieved continued performance gains through average daily rate (ADR), according to CoStar’s June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. June 2024 (percentage change from 2023): Occupancy: 74.5% (+0.5%) Average daily rate (ADR): CAD231.04 (+3.7%) Revenue per available room (RevPAR): CAD172.10 (+4.2%) “ADR continues to be the main driver of RevPAR improvement in Canada,” said Laura Baxter, CoStar Group’s director of hospitality analytics for Canada. “The 3.7% increas...
U.S. Hotel Performance for June 2024
CoStar Group | July 23, 2024
WASHINGTON – 23 July 2024 – The U.S. hotel industry reported improved performance results from the previous month, according to June 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (percentage change from June 2023): Occupancy: 69.6% (flat) Average daily rate (ADR): US$161.30 (+1.5%) Revenue per available room (RevPAR): US$112.33 (+1.5%) Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (+2.5% to 87.8%), ADR (+4.4% to US$317.91) and RevPAR ...
U.S. Hotel Results for Week Ending 13 July
CoStar Group | July 18, 2024
WASHINGTON – 18 July 2024 – The U.S. hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 7-13 July 2024 (percentage change from comparable week in 2023): Occupancy: 69.2% (-3.7%) Average daily rate (ADR): US$158.21 (-1.5%) Revenue per available room (RevPAR): US$109.51 (-5.2%) Among the Top 25 Markets, Houston saw the highest year-over-year increases in each of the three key performance met...
U.S. Hotel Results for Week Ending 6 July
CoStar Group | July 11, 2024
WASHINGTON – 11 July 2024 – Due to the Fourth of July, 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 6 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 30 June through 6 July 2024 (percentage change from comparable week in 2023): Occupancy: 61.3% (-0.9%) Average daily rate (ADR): US$157.27 (+0.5%) Revenue per available room (RevPAR): US$96.35 (-0.4%) Among the Top 25 Markets, New Orleans saw the highest year-over-year increases...
Cologne Hotel ADR and RevPAR Reached Record-High Thanks to Euros
CoStar Group | July 10, 2024
WASHINGTON – 10 July 2024 – Pushed by the 2024 UEFA European Football Championship, Cologne’s hotel industry recorded its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to June preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (year-over-year % change): Occupancy: 81.2% (+7.9%) ADR: EUR174.18 (+35.5%) RevPAR: EUR141.47 (+46.2%) In addition to the all-time highs in monthly ADR and RevPAR, occupancy was the highest for the market since November 2019. ...
Formula One Drove Barcelona Hotel ADR and RevPAR to All-Time Highs in June
CoStar Group | July 10, 2024
WASHINGTON – 10 July 2024 – Thanks to a boost from the annual Spanish Grand Prix, Barcelona's monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. June 2024 (year-over-year % change): Occupancy: 87.3% (+1.7%) ADR: EUR 231.30 (+11.4%) RevPAR: EUR201.84 (+13.3%) The Grand Prix pushed occupancy to 95.3% on Saturday, 22 June, matching for the monthly high with the night of a Rammstein concert on Tuesday, 11 June. The level...
Weekend Events Drove Dublin Hotel Rates Past €300
CoStar Group | July 3, 2024
Boosted by three large-scale events during the final weekend of June, Dublin hotel average daily rate (ADR) eclipsed EUR300 for just the second time this year and sixth time in history, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. Taylor Swift headlined the busy weekend in Dublin with three performances from Friday-Sunday (28-30 June) at the Aviva Stadium. Swift’s tour overlapped with Dublin Pride, which took place on Saturday as well as the All-Ireland GAA quarterfinals on Saturday and Sunday. The market’s ho...