Tag: occupancy

April 4, 2024

As expected ahead of the Easter holiday, U.S. hotel performance decreased from the previous week, according to CoStar’s latest data through 30 March. 24-30 March 2024 (percentage change from comparable week in 2023): Occupancy: 62.3% (-5.6%) Average daily rate (ADR): […]

March 27, 2024

Top-Line Metrics (February 2024, percentage change from February 2023): Occupancy: 58.9% (-1.8%) Average daily rate (ADR): US$158.23 (+3.9%) Revenue per available room (RevPAR): US$93.19 (+2.0%) Key points February produced modest RevPAR growth, reflecting the continued return to low single-digit gains. […]

March 21, 2024

U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through 16 March. 10-16 March 2024 (percentage change from comparable week in 2023): Occupancy: 66.5% (-1.4%) Average daily rate (ADR): US$163.21 […]

March 4, 2024

Top-Line Metrics (January 2024, percentage change from January 2023): Occupancy: 51.9% (-1.7%) Average daily rate (ADR): $146.33 (+2.7%) Revenue per available room (RevPAR): $75.99 (+0.9%) Key points January produced modest RevPAR growth, reflecting the continued return to pre-COVID patterns of […]

September 15, 2023

Helped by the FIFA Women’s World Cup, Sydney’s hotel industry recorded its highest monthly performance levels since March 2023, according to preliminary August 2023 data from CoStar. August 2023 (year-over-year % change): Occupancy: 80.7% (+26.0%) Average daily rate (ADR): AUD261.83 […]

September 14, 2023

Continuing seasonal patterns, U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 9 September. 3-9 September 2023 (percentage change from comparable week in 2022): Occupancy: 60.3% (-1.9%) Average daily rate (ADR): US$150.66 (+1.8%) […]

June 2, 2023

As expected ahead of Memorial Day, U.S. hotel performance decreased from the previous week, according to STR‘s latest data through 27 May. Year-over-year comparisons were improved. 21-27 May 2023 (percentage change from comparable week in 2022): Occupancy: 66.8% (+0.6%) Average […]

May 19, 2023

U.S. hotel performance for April 2023 produced mix year-over-year comparisons, according to STR. April 2023 (percentage change from April 2022): Occupancy: 64.4% (-1.4%) Average daily rate (ADR): US$155.77 (+3.4%) Revenue per available room (RevPAR): US$100.39 (+1.9%) Among the Top 25 […]

March 27, 2023

Spring break travel propelled the U.S. hotel industry to stronger performance than projected. The week ending 18 March this year was the peak spring break period with the most students (both college and K-12 schools) out of session, according to […]

March 8, 2023

January 2023 Top-Line Metrics (percentage change from January 2019): Occupancy: 52.8% (-3.0%) Average daily rate (ADR): US$142.14 (+13.8%) Revenue per available room (RevPAR): US$75.01 (+10.4%) Key points Indexes are becoming challenging to translate and are less telling. Expect a shift […]

March 6, 2023

U.S. performance Hotel occupancy continued a seasonal rise, reaching 64.2% for the week ending 25 February. That level was up 2.2 percentage points (ppts) year over year (YoY). Room demand (24.9 million) was the highest ever for the week containing […]

February 22, 2023

India’s hotel industry turned in a stellar 2022 with revenue per available room (RevPAR) 100% recovered to pre-pandemic levels even with a devastating start to the year caused by a surge in the Omicron variant. Steeper declines, sharper inclines Recovery […]

February 20, 2023

Following seasonal patterns, the U.S. hotel industry reported lower performance from the month prior, according to January 2023 data from STR. January 2023 (percentage change from January 2019): Occupancy: 52.8% (-3.0%) Average daily rate (ADR): US$142.14 (+13.8%) Revenue per available […]

February 17, 2023

U.S. performance The U.S. hotel industry saw accelerated growth, as predicted, with revenue per available room (RevPAR) gaining 8.5% week on week (WoW) to US$87. That RevPAR level was the highest of the past nine weeks and 18.9% higher than […]

February 10, 2023

U.S. performance In the week ending 4 February 2023, occupancy fell one percentage point (ppt) week over week (WoW) to 55.4%. The drop was not unexpected given previous history, and more importantly, the decrease was less than what we anticipated […]

February 9, 2023

U.S. hotel performance fell slightly from the previous week, according to STR‘s latest data through 4 February. 29 January through 4 February 2023 (percentage change from comparable week in 2019*): Occupancy: 55.3% (-7.3%) Average daily rate (ADR): US$145.35 (+13.9%) Revenue […]

February 9, 2023

Performance recovery was substantial for most of Latin America’s hotel industry in 2022, with Mexico, Central America and South America easily surpassing their pre-pandemic comparables in revenue per available room (RevPAR). While all three experienced substantial growth in room rates, […]

February 2, 2023

U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January. 22-28 January 2023 (percentage change from comparable week in 2019*): Occupancy: 56.3% (-0.3%) Average daily rate (ADR): US$142.66 (+13.4%) Revenue per available room (RevPAR): […]

January 30, 2023

Leisure travel fatigue and inflation are causing Hawaii hoteliers in leisure destinations to drop rates to strengthen demand. Hawaii’s hotel industry is coming off a year of strong rate growth and continues to inch closer to pre-pandemic occupancy levels, but […]

January 26, 2023

With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR‘s latest data through 21 January. 15-21 January 2023 (percentage change from comparable week in 2019*): Occupancy: 54.2% (-6.2%) Average […]