The Boston lodging market continues to progress, steadily closing the gap on pre-pandemic RevPAR levels (inflation adjusted). With the new-construction pipeline empty and a record year anticipated in the convention sector, the market’s future is among the brightest in the nation.
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:
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)
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.
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
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.
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.
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.
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.
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.
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.
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.
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.
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).
The 2025 U.S. Hotel Investor Intentions Survey reveals growing optimism among investors driven by positive outlooks on returns and distressed opportunities.
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.
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.
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.
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.
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.