After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The U.S. hotel industry reported mixed comparisons year over year, according to CoStar’s latest data through 17 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
WASHINGTON -- The U.S. hotel industry reported mostly flat performance comparisons year over year, according to July 2024 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 positive comparisons year over year, according to CoStar’s latest data through 10 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
CBRE is reducing its forecast for U.S. hotel performance this year, as lodging demand softens due to weaker-than-expected leisure travel and slowing corporate profit growth.
The U.S. hotel industry reported slightly positive comparisons year over year, according to CoStar’s latest data through 3 August. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
STR and Tourism Economics made slight adjustments to the 2024-25 U.S. hotel forecast just released at the 16th Annual Hotel Data Conference.
A Pictorial Update on Our Latest Thoughts and the Facts and Figures Influencing Our Industry.
The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through 27 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Similar to other resort destinations in California, Monterey County was initially affected by the COVID-19 pandemic; however, the economic effects in 2020 were somewhat minimized by the market’s proximity to the San Francisco Bay Area. Monterey’s appeal as a picturesque, lower-density, drive-to destination drew significant interest from those seeking refuge from urban centers during the pandemic.
Confidence in taking an annual vacation has never been higher as new consumer data illustrates Americans’ desperation to find ways to travel, as revealed by Allianz Partners USA‘s 16th Annual Vacation Confidence Index*.
The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Canada’s hotel industry achieved continued performance gains through average daily rate (ADR), according to CoStar’s June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The U.S. hotel industry reported improved performance results from the previous month, according to June 2024 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 higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through 13 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.7-13 July 2024 (percentage change from comparable week in 2023):
The volume of U.S. hotel rooms under construction reached its highest level in 16 months, according to CoStar’s latest June 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.U.S. Hotel Pipeline June 2024 (percentage change from June 2023)
Thursday’s Consumer Price Index (CPI) release for June reveals an encouraging trend: Inflation is easing across the board—and travel-related goods and services are at the forefront. For the second month in a row, prices throughout the travel sector have fallen, and at a steeper rate than the overall economy.
U.S. hotel RevPAR rose 4% year over year (YoY) in May, following a 1.9% increase in April, marking the second consecutive month of growth after a slow Q1. Occupancy also grew for the second month in a row (+1.0 percentage points [ppts]), which was the largest gain since March 2023.
The U.S. hotel industry reported higher performance results from the previous week and positive comparisons year over year, according to CoStar’s latest data through 29 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The U.S. hotel industry reported lower performance results from the previous week and mixed comparisons year over year, according to CoStar’s latest data through 22 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.