Markets & Performance USA & Canada - Hospitality Net

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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

Opinion Article

January 17, 2025

HOTEL CURRENTS™: Hotel Financial Performance in Central and Non-Central City Submarkets, 2018 and 2024

During the pandemic, residential and commercial property prices in the central business districts (CBDs) of large metropolitan areas (MSAs) declined while prices generally increased in suburban areas. Many businesses located in CBDs that were dependent on residents, commuters, and tourists either ceased operations or relocated to the suburbs, often within the same MSA.

By Jack Corgel, Managing Director, CBRE Hotels’ Americas Research, CBRE Hotels

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Hospitality Net

January 17, 2025

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

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

January 16, 2025

U.S. hotel results for week ending 11 January

The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 11 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

January 9, 2025

U.S. hotel results for week ending 4 January

Due to the New Year’s holiday shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 4 January. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

January 9, 2025

U.S. hotel results for week ending 28 December

The U.S. hotel industry reported negative year-over-year comparisons during the holiday week, according to CoStar’s latest data through 28 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

January 8, 2025

U.S. hotel commentary - November 2024

The U.S. presidential election, a year-over-year Thanksgiving calendar shift, ongoing hurricane recovery efforts, and an extra weekend all factored into the equation as U.S. revenue per available room (RevPAR) increased 2.5% in November. Like in October, occupancy growth was the main driver as the gain in average daily rate (ADR) was under 1%. Even with the stronger occupancy, the measure remained 2 percentage points (ppts) in arrears versus November 2019.

December 31, 2024

U.S. hotel results for week ending 21 December

The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 21 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

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Hospitality Net

December 27, 2024

Canada’s November hotel performance driven by Taylor Swift’s Eras Tour

Canada’s hotel performance was lifted by Taylor Swift’s Eras Tour as well as a calendar shift, according to November data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

December 20, 2024

U.S. Travel Demand Reaches Four-Year High as Americans Plan to Travel More and Spend Bigger in 2025

Accentuated by upticks in brand loyalty and outbound tourism, Americans expressed their strong appetite for travel in the “Winter Edition” of MMGY’s Portrait of American Travelers® study released today. A quarterly examination of the evolving habits, preferences and behaviors of today’s U.S. travel consumers, the survey found that nearly 8 in 10 U.S. adults plan to take a vacation in the next 12 months, a 7% increase since winter 2023.

December 19, 2024

U.S. hotel results for week ending 14 December

The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 14 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

December 19, 2024

U.S. hotel performance for November 2024

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

December 18, 2024

U.S. hotel conversion activity remains muted

U.S. hotel conversion activity, which involves changing an existing hotel from its independent status, or affiliating it with a new brand; continues to trend below the long-term average of the 20-year period ending 2019. We are benchmarking to this period given that it excludes the disruption in hotel development brought about by the pandemic.

December 13, 2024

U.S. Hotel Performance Impacted by Moderate Summer Demand; Growth Forecast to Improve in Q4

Despite facing challenges from subdued summer demand and a sluggish third quarter, U.S. hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast.

December 13, 2024

U.S. Hotels State of the Union December 2024 Edition

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