The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 5 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
Remington Hospitality, a premier hotel management company, is proud to announce its new role managing the luxurious Sofitel Chicago Magnificent Mile. Beginning in May 2025, the 415-room luxury property will transition from brand management to a franchise model under the existing master hotel management agreement with Braemar Hotels & Resorts.
In testimony before Congress today, a key leader for the U.S. travel industry called for urgent action to upgrade the American travel system ahead of hosting major global events, as competing countries like China and Saudi Arabia make massive investments in travel.
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 22 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
stayAPT Suites, a leader in apartment-style hotel accommodations, is proud to announce the signing of a multi-location franchise agreement with Destiny Partners, LLC/Destiny Hospitality, LLC. This partnership will bring five new stayAPT Suites locations to key markets across Pennsylvania, including Lancaster, Reading, York, Bethlehem, and Allentown.
Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were its highest for any February on record, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 15 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
stayAPT Suites, a leader in apartment-style hotel accommodations, is proud to announce a new franchise agreement with Capstone Stay, LLC, to develop five new hotel locations. This collaboration brings innovative modular construction solutions to stayAPT Suites, enhancing the brand's ability to expand quickly and efficiently while maintaining the high standards of comfort and design that guests have come to expect. The modular construction approach is a perfect fit for stayAPT Suites, allowing for faster development timelines and more sustainable building practices, while delivering a consistent, high-quality guest experience across all locations.
Visitation and other tourism indicators in 2024 met or exceeded most 2023 totals. Las Vegas hosted 40.8 million visitors in 2024, surpassing the 40-million visitor threshold for the second year in a row. Gaming revenue for Clark County in 2024 was $13.5 billion, setting a new annual record for the third straight year. In 2024, occupied room nights, as well as total occupancy (83.6%), continued to lag pre-COVID pandemic performance; however, ADR and RevPAR reached record levels.
The U.S. hotel industry reported mixed performance results from the previous month, according to February 2025 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
As hotel investors convene at the Hunter Hotel Investment Conference 2025, new insights from Profit Matters 2024 by HotStats reveal that rising operating costs in the US market—particularly labor—are squeezing hotel profit margins. Despite revenue growth, U.S. hotels saw GOP margins decline by 1.1 percentage points in 2024, making it the only major global region to experience a profit contraction.
The Downtown St. Louis hotel market steadily recovered from the impact of the COVID-19 pandemic until 2024, when the recovery stalled due to a correction in leisure demand and disruptions at the convention center. However, subsequent airport passenger traffic growth and completion of the convention center’s expansion, along with other trends and developments, provide a stronger outlook for the market in 2025 and beyond.
Cap rates continue to hold steady, with trends varying across sectors and strategies. Sales volume is expected to trend upward during 2025.
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
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.
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.
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 1 March. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
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.
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.