Markets & Performance USA & Canada News - Hospitality Net

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February 10, 2025

Holiday Travel Helps Boost Q4 Hotel Market Fundamentals

The overall hotel occupancy rate increased by 1.1% year-over-year in Q4 as demand growth of 2.1% outpaced supply growth of 1.0%. A 1.2% increase in average daily rate (ADR), coupled with the increase in occupancy, led to a 2.3% increase in revenue per available room (RevPAR). An uptick in hurricane-related demand led to gains in the lower price tiers, while a relatively short Thanksgiving-to-Christmas season, resulting in fewer group event days, led to stronger pricing power.

February 7, 2025

U.S. Hotels State of the Union February 2025 Edition

A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.

February 6, 2025

U.S. hotel results for week ending 1 February

The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 1 February. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

February 5, 2025

Sandpiper, LLC Announces Acquisition of an Extended Stay America Premier Suites in Bradenton, Florida

Sandpiper, LLC is pleased to announce the acquisition of the Extended Stay America (“ESA”) Premier Suites in Bradenton, FL. The fast growing, vibrant North Port – Sarasota – Bradenton MSA, just south of Tampa is one of Sandpiper’s highest conviction markets.

Sandpiper Hospitality

Bradenton, Florida, United States

February 5, 2025

U.S. hotel commentary - December 2024

December RevPAR was up 4.4%, which was the country’s largest year-over-year (YoY) gain since March 2023. That elevated growth was attributable to a compressed holiday season as well as the lingering effects of two major hurricanes in the fall. Two of the four full weeks in December produced double-digit RevPAR gains.

February 5, 2025

New Orleans Super Bowl: Hotel Performance Forecast

New Orleans is set to host Super Bowl LIX between the Kansas City Chiefs and the Philadelphia Eagles, and the market’s hotels are heading toward full occupancy around the big game on 9 February 2025.

New Orleans, Louisiana, United States

January 30, 2025

U.S. hotel results for week ending 25 January

As expected with the MLK Day holiday, the U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 25 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Radical Innovation Hospitality TECHNOLOGY

Radical Innovation is an initiative that challenges creative thinkers and visionaries in hospitality TECH to pioneer compelling innovations that fuel the future of the hospitality and travel industries.

Radical Innovation

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Opinion Article

January 30, 2025

Navigating the US Hospitality Landscape in 2025: Strategies for Growth Amid Dynamic Market Conditions

The U.S. hospitality industry stands on the cusp of a transformative period in 2025. While the road ahead presents challenges, it also offers promising opportunities for growth driven by economic stabilization, evolving traveler expectations, and a return to foundational revenue strategies. As stakeholders across the sector prepare to navigate this dynamic landscape, PwC US's latest Hospitality Directions sheds light on key trends shaping the industry's trajectory in the coming year.

By Jeanelle Johnson, Principal, Travel, Transportation, and Hospitality, PwC US, PwC (US)

January 30, 2025

Preferred Hotels & Resorts Unveils US Performance Report in Celebration of Independent Hotel Day

To commemorate Independent Hotel Day, a day which celebrates the individuality and authenticity of independent hotels worldwide, Preferred Hotels & Resorts – the world’s largest independent hotel brand – is pleased to unveil the results of the U.S. Performance Report, conducted by HVS, a global leader in hospitality consulting and services, which evaluated the performance of 92 Preferred-affiliated hotels in North America for the period from 2021 and 2023.

January 29, 2025

STR Podcast: Look up at 2025

Tell Me More: A Hospitality Data Podcast returns in 2025 with a look at recent changes that are having an impact on hotels, like natural disasters and a new U.S. administration. Tell Me More podcasters Isaac Collazo from STR and Jan Freitag from CoStar join host Stephanie Ricca for more in-depth looks at 2024 in review and what to expect as 2025 begins. Mentioned in this episode: 'More peeks of sun' in 2025 hotel industry outlook. And visit Spotify for a bonus playlist of all the songs Collazo, Freitag and Ricca mention on the podcast from 2024 through now.

By Isaac Collazo and Jan Freitag

January 29, 2025

CoStar, TE maintain growth projections in first U.S. hotel forecast of 2025

CoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2025 just released at the Americas Lodging Investment Summit (ALIS).

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

January 28, 2025

CBRE 2025 U.S. Hotel Investor Intentions Survey

The 2025 U.S. Hotel Investor Intentions Survey reveals growing optimism among investors driven by positive outlooks on returns and distressed opportunities.

January 27, 2025

LOGE Camps Partners With Schulte Hospitality Group

LOGE Camps, a leader in unique outdoor-inspired lodging experiences, and Schulte Hospitality Group (SHG), a prominent hotel management company, are pleased to announce the formation of a new partnership that is focused on the brand and operational growth of LOGE Camps’ existing 18 hotels and its expanding portfolio of hotels across the United States. The partnership leverages LOGE Camps’ innovative approach to blending outdoor exploration with comfortable, affordable lodging, and SHG’s deep industry experience, financial strength, and proven track record in hotel management.

Schulte Hospitality Group, Inc.

January 27, 2025

U.S. hotel performance for December 2024

The U.S. hotel industry reported mixed performance results from the previous month, according to December 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Opinion Article

January 24, 2025

Hotel Fundamentals Continue to Languish Amid Flat Occupancy Rate

2024 was an eventful year around the world with elections held in more than 60 countries, representing nearly 50 percent of the world’s population. One of the most consequential results was Donald J. Trump winning the U.S. presidential election, who along with the Republican Party also won majorities in both houses of Congress. In addition to representing the third straight U.S. Presidential election during which the incumbent party lost, the year was notable for many additional incumbent losses around the world.

By Daniel Lesser, President & CEO, LW Hospitality Advisors LLC (LWHA)

January 23, 2025

U.S. hotel results for week ending 18 January

On the positive side of the MLK Day calendar shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 18 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

January 23, 2025

Canada hotels set annual record for ADR and RevPAR

Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

January 23, 2025

U.S. hotel ADR and RevPAR grew at lowest rate since 2020

The U.S. hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR), but the country’s growth rate was its lowest since the declines of 2020, according to CoStar’s 2024 year-end data. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Opinion Article

January 22, 2025

Halifax Hotel Market Revitalization

The Nova Scotia lodging market, particularly in Halifax, has experienced rapid growth in the years following the pandemic. With welcoming immigration policies and a perceived lower cost of housing, the province has seen substantial population growth and increased capital investment, fueling lodging demand. In 2024, provincial RevPAR levels are projected to reach 128% of their 2019 benchmark, driven by rising ADR and an enhanced hotel supply.

By Monique Rosszell, Léa Vaksman, and Lucas Bruce

Halifax, Nova Scotia, Canada

January 20, 2025

Analysis: 2025 California wildfire impact on hotel performance

The devastating wildfires in Los Angeles appear to have had limited impacted on hotel performance as of the week ending 11 January 2025. Market demand surged Tuesday through Thursday (7-9 January), which were peak evacuation days, but dissipated over the weekend (Friday & Saturday).

California, United States