CoStar: Group demand across key markets uplifts U.S. hotel revenue in October
U.S. HOTEL REVENUE and profitability saw a rise in October, propelled by increased group demand across the top 25 markets, according to CoStar’s October...
Report: Extended-stay hotels outperform broader hotel industry in October
EXTENDED-STAY HOTELS OUTPEFORMED the broader hotel industry across all performance metrics in October, marking a notably strong month for the sector, according to The...
CoStar: Thanksgiving holiday dims U.S. hotel performance in fourth week of November
U.S. HOTEL PERFORMANCE witnessed an expected decline in the fourth week of November from the previous week, attributed to the Thanksgiving holiday, according to...
CoStar: U.S. hotel performance varied in third week of November
U.S. HOTEL PERFORMANCE exhibited mixed year-over-year comparisons in the third week of November, according to CoStar. Moreover, both occupancy and RevPAR declined compared to...
STR and TE upgrade U.S. ADR, RevPAR forecast for 2023
STR AND TOURISM ECONOMICS have increased year-over-year growth projections for ADR and RevPAR in the final revision of the U.S. hotel forecast for 2023....
PwC: Economy, politics to influence U.S. hotel performance in 2024
ECONOMIC HEADWINDS AND geopolitical concerns are expected to affect U.S. hotel performance in 2024, according to PwC. The issues include continuing high interest rates...
CoStar: U.S. hotel performance surges in second week of November
U.S. HOTEL PEFORMANCE saw a boost in the second week of November compared to the previous week, according to CoStar. Year-over-year comparisons also revealed...
HotStats: Competitive benchmarking enhances performance in uncertain times
BENCHMARKING AGAINST COMPETITORS is the first step for hotels to grasp the competitive landscape during budget planning, according to a blog from HotStats. The...
CBRE: RevPAR rebound expected in 2024 after summer deceleration
U.S. HOTELS REVPAR growth is likely to recover in 2024, as inbound international travel further improves and sector-specific headwinds moderate, according to CBRE. CBRE’s...
CBRE: U.S. hotel demand declines slightly in Q3
U.S. HOTEL DEMAND declined by 0.5 percent year over year in the third quarter of 2023, according to CBRE. Simultaneously, there was a matching...
