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PwC Manhattan Lodging Index - Fourth Quarter 2024

Occupancy, average daily rate (ADR), and revenue per available room (RevPAR) continued to experience strong growth as the market moves toward stabilization. Luxury hotels notably outperformed their lower-priced counterparts across these key performance indicators, reflecting a broader resurgence in the luxury segment during 2024. For the overall Manhattan hotel market, Q3 RevPAR increased by 5.1%, while Q4 saw an increase of 11.7% compared to the same periods in 2023.

PwC (US)
New York, New York, United States
Press Release

Lodging Analytics Research & Consulting (LARC)’s 1Q-2025 Hotel Industry Outlook and Market Intelligence Reports

U.S. economic growth slowed during 4Q-2024 with Real GDP growth of 2.3%, slightly below the 3.1% increase in 3Q-2024. Despite slowing economic growth, U.S. RevPAR growth accelerated to a 3.6% year-over-year increase in 4Q-2024, driven by a combination of increased demand tied to natural disaster relief and pent-up demand following a swift resolution of the U.S. general election.

LARC
United States
Opinion Article

What is contributing to the dynamic growth of Montréal’s hotel supply and demand?

The Montréal hotel market has made a strong comeback from the pandemic, experiencing a 4.6% rise in room supply, in contrast to the declines in Downtown Toronto and Vancouver. This expansion, combined with a rebound in air travel, extensive hotel renovations, and effective tourism promotion, has positioned Montréal as the most resilient market. With substantial investments and a thriving meetings and events sector, the city’s hotel industry is undergoing a significant evolution.

Monique RosszellLéa Vaksman
By Monique Rosszell and Léa Vaksman
Montréal, Quebec, Canada
Press Release

Americas hotel performance update

January kicked off 2025 with most countries in the Americas region (excluding the U.S.) reporting year-over-year (YoY) growth in revenue per available room (RevPAR). Argentina and Mexico led with the highest growth in RevPAR, disguised by currency issues that yielded a strong enough lift in average daily rate (ADR) to counter an occupancy decline in both countries.

CoStar
United States
Press Release

STR Weekly Insights: 16-22 February 2025

The U.S. hotel industry has been on a rollercoaster ride for the past eight weeks. The week ending 22 February 2025 produced nearly flat (-0.3%) revenue per available room (RevPAR) following a 3.4% increase the previous week, a 2.8% decline the week before that, and a 4.0% gain three weeks ago. Several factors have been driving recent performance, including calendar shifts, the Super Bowl, recovery from the Los Angeles wildfires, and recovery from Hurricane Helene and Hurricane Milton.

CoStar
United States
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Opinion Article

Baltimore Hotel Market 2025+ Outlook

This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025. With strong growth in ADR and RevPAR despite some challenges in the market, the analysis suggests a robust outlook for the city’s hotel sector as demand continues to strengthen, and hotel operators capitalize on reduced supply to push rates and increase occupancy.

David P. Fuller
By David P. Fuller, National Hotel Property Tax Practice Leader, CBRE, CBRE Hotels
Baltimore, Maryland, United States
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Supplier News

Cendyn and Amadeus Report U.S. Group Business Shows Highest Overall Index Rating in Four Quarters

Cendyn, a global integrated hotel technology and services company, and Amadeus, a leading travel intelligence and technology provider for the travel industry, today released metrics from the companies’ Hospitality Group and Business Performance Index (the “Index”). The 4Q2024 Index shows an overall health metric of 108.2 percent year-over-year (YOY), showing the highest overall index rating in four quarters. Top overall health index markets include:

Cendyn™ and Amadeus Hospitality
United States
Press Release

NYC, Nashville set to open the most hotel rooms in 2025

Among U.S. markets, New York City and Nashville are projected to open the most hotel rooms in 2025, according to CoStar pipeline data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.Top markets by projected 2025 room openings 1. New York City (5,719 rooms) 2. Nashville (2,849 rooms) 3. San Diego (2,818 rooms) 4. Dallas (2,749 rooms) 5. Phoenix (2,483 rooms)

CoStar
United States