revenue per available room
U.S. Hotel Results for Week Ending 23 March
CoStar Group | March 28, 2024
WASHINGTON – 28 March 2024 – U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through 23 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 17-23 March 2024 (percentage change from comparable week in 2023): Occupancy: 65.3% (+0.7%) Average daily rate (ADR): US$162.28 (+2.5%) Revenue per available room (RevPAR): US$106.01 (+3.2%) Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (+13.6% to 75.5%). ...
More Global Hotel Markets Growing RevPAR
STR | March 25, 2024
Analysis by Eddie Yeung Note: All financial figures presented in US$. STR's global "bubble chart" update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year. Among countries with 50,000 rooms and adequate hotel reporting levels, Singapore, the United Arab Emirates, France, Switzerland, and New Zealand led in RevPAR on an actual basis. Singapore recorded the highest ADR at $284, which was 17% higher year over year as the market hosted Tayl...
Canada Hotel Room Rates Driven by Groups in February
CoStar Group | March 21, 2024
WASHINGTON – 21 March 2024 – Canada’s hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar’s February 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. February 2024 (percentage change from 2023): Occupancy: 58.0% (-1.6%) Average daily rate (ADR): CAD181.55 (+3.8%) Revenue per available room (RevPAR): CAD105.37 (+2.2%) Group ADR growth (+7.9%) was the strongest among the segments. “Both transient and group occupancy declined, down 2.4% and 1.2%, ...
U.S. Hotel Results for Week Ending 16 March
CoStar Group | March 21, 2024
WASHINGTON – 21 March 2024 – U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 10-16 March 2024 (percentage change from comparable week in 2023): Occupancy: 66.5% (-1.4%) Average daily rate (ADR): US$163.21 (-2.1%) Revenue per available room (RevPAR): US$108.51 (-3.5%) Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (+12.7% to 73.0%) and RevPAR (+21.7% ...
U.S. Hotel Performance for February 2024
CoStar Group | March 19, 2024
WASHINGTON – 19 March 2024 – The U.S. hotel industry reported higher performance results month over month, according to February 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. February 2024 (percentage change from February 2023): Occupancy: 58.9% (-1.8%) Average daily rate (ADR): US$158.23 (+3.9%) Revenue per available room (RevPAR): US$93.19 (+2.0%) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (84.0%), which was up 6.6% year over year. Helped by Super Bowl LVIII, Las Vegas reported the...
STR Weekly Insights: 3 – 9 March 2024
STR | March 15, 2024
Analysis by Isaac Collazo, Chris Klauda, Will Anns Countries (markets) mentioned: United States (Baltimore, Daytona Beach, Denver, Fort Lauderdale, Fort Myers, Las Vegas, Miami, Minneapolis, Oahu, Orlando, Phoenix, San Antonio, Sacramento, St. Louis, Tampa and Tucson). Germany (Cologne and Frankfurt), Indonesia, Singapore Highlights U.S. ADR down for the first time this year, RevPAR a third time. Groups still driving high-end U.S. hotels. Germany sees strong, group-induced RevPAR gains. Singapore loves Taylor Swift. 2024 solar eclipse demand to top 2017 event. U.S. Performance U.S. hotels continued...
U.S. Hotel Results for Week Ending 9 March
CoStar Group | March 14, 2024
WASHINGTON – 14 March 2024 – U.S. hotel performance increased from the previous week but declined year over year, according to CoStar’s latest data through 9 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 3-9 March 2024 (percentage change from comparable week in 2023): Occupancy: 63.2% (-2.2%) Average daily rate (ADR): US$156.96 (-0.6%) Revenue per available room (RevPAR): US$99.17 (-2.8%) Among the Top 25 Markets, Minneapolis reported the largest year-over-year increases in each of the three key performance metrics: occupancy (...
Rio de Janeiro Room Rates Peaked During Carnival
CoStar Group | March 13, 2024
WASHINGTON – 13 March 2024 – Helped by Carnival, Rio de Janeiro’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) since 2016, according to February preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. February 2024 (year-over-year % change): Occupancy: 69.6% (-4.7%) Average daily rate (ADR): BRL996.92 (+9.1%) Revenue per available room (RevPAR): BRL694.02 (+4.0%) Carnival took place 9-17 February, and the market’s room rates peaked on the third and fourth night of the fe...
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