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.
Press Releases
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
U.S. hotel results for week ending 7 December
The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 7 December. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Hotel F&B driving labor cost growth in 2024
In the U.S., it costs about $9 more to staff a hotel room than in 2023.
U.S. hotel results for week ending 30 November
Due to the Thanksgiving calendar shift, the U.S. hotel industry reported lower year-over-year performance comparisons, according to CoStar’s latest data through 30 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.24-30 November 2024 (percentage change from comparable week in 2023):
Lodging Analytics Research & Consulting (LARC)’s 4Q-2024 Hotel Industry Outlook and Market Intelligence Reports
U.S. economic growth improved during 3Q-2024 with Real GDP growth of 2.8%, slightly below the 3.0% increase in 2Q-2024. Despite strong economic growth, U.S. RevPAR only increased 0.9%, a deceleration from the 2.4% RevPAR change in 2Q-2024.
U.S. hotel results for week ending 23 November
WASHINGTON -- Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
East West Hospitality Welcomes Woodrun Place in Snowmass to its Growing Portfolio of Luxury Ski Vacation Rentals
East West Hospitality, a leading provider of property management and vacation rental services across Colorado’s premier mountain destinations, has assumed the management of Woodrun Place in Snowmass Village and added the property to its collection of premier mountain vacation rentals. Effective immediately, East West Hospitality will take over operations for the property, from HOA management to rental reservations, guest services, and asset management. The addition of this iconic ski-in/ski-out property further expands East West Hospitality’s presence in the popular winter playground of Aspen Snowmass.
Canada hotels posted record-high room rates for an October
Canada’s October hotel average daily rate (ADR) exceeded CAD200 for the first time on record, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.