Skip to main content

Home/ Travel for freedom/ Group items tagged Hotel-ADR-comparison

Rss Feed Group items tagged

asianhospitality

May STR: U.S. hotels occupancy, ADR, RevPAR fall in second week - 0 views

  •  
    U.S. WEEKLY HOTEL performance posted mixed year-over-year comparisons, while occupancy, ADR, and RevPAR declined in the second week of May over the previous week, according to STR. Meanwhile, "worsened comparisons than the week prior were expected due to normal given seasonal slowing and the negative side of the Mother's Day calendar shift," STR said. Occupancy was 65.1 percent for the week ending May 13, declined from 65.2 percent the week before and down 2 percent over the comparable week in 2022. ADR stood at $154.90, down from $157.62, and increased 3.4 percent from 2022. RevPAR came in at $100.81 in the last week, declined from $102.74 the week before and increased 1.3 percent against the same period in 2022. Among the top 25 markets, Philadelphia registered the only double-digit increase in occupancy in the second week of the month, up 13.3 percent to 73.2 percent. ADR jumped 14.5 to $189.50, while RevPAR was up 29.7 percent to $138.80. Of note, New York City, 83.7 percent, was the only major market to report occupancy above 80 percent. That level was up 3.9 percent year-over-year.
asianhospitality

U.S. hotels' weekly performance mixed, YOY up in fourth week of Sep 2024 | ADR & RevPAR... - 0 views

  •  
    U.S. HOTEL PERFORMANCE remained mixed in the fourth week of September compared to the prior week, according to CoStar. However, the industry reported positive year-over-year comparisons. Key metrics showed a slight decline in occupancy, while RevPAR and ADR experienced week-over-week growth. Occupancy dipped slightly to 68.4 percent for the week ending Sept. 28, down from 68.9 percent the previous week, but up 2.6 percent year-over-year. ADR rose to $170.24, an increase from $168.80 the prior week, and 7.5 percent higher than the same week last year. RevPAR edged up to $116.50 from $116.22, reflecting a 10.2 percent increase compared to the same period in 2023. Among the top 25 markets, New York City recorded the highest year-over-year increases in all key performance metrics: occupancy rose by 11.4 percent to 93.2 percent, ADR increased by 52.8 percent to $523.69, and RevPAR grew by 70.1 percent to $488.32. The market's performance was bolstered by the United Nations General Assembly.
asianhospitality

U.S. hotel performance rises in second week of January, YOY results mixed - 0 views

  •  
    U.S. HOTEL PERFORMANCE showed improvement in the second week of January compared to the previous week, with mixed year-over-year comparisons, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, saw moderate increases during the week compared to the New Year's commencement. The performance was influenced by the Consumer Electronics Show. Occupancy came in at 53.3 percent for the week ending Jan. 13, up from the previous week's 46.8 percent and reflecting a 2.8 percent year-over-year decrease. ADR rose to $153.84, compared to the prior week's $152.17, showing a 6.3 percent increase from the previous year. RevPAR increased to $81.96 from the prior week's $71.28, showing a 3.3 percent rise from the corresponding period in 2023. Among the top 25 markets, Las Vegas demonstrated the largest year-over-year increases in each of the three performance metrics. Occupancy increased by 29 percent to reach 79.8 percent, ADR rose by 77.3 percent to $283.74, and RevPAR increased by 128.8 percent to $226.34.
asianhospitality

U.S. Hotel Performance Declines Slightly in Late October 2024 | CoStar Analysis on Occu... - 0 views

  •  
    U.S. HOTEL PERFORMANCE declined slightly in the fourth week of October, though year-over-year comparisons remained positive, according to CoStar. Key metrics, including occupancy, RevPAR, and ADR, saw slight decreases from the previous week. Occupancy fell to 69 percent for the week ending Oct. 26, down from 70.1 percent the prior week but up 4.5 percent year-over-year. ADR declined to $168.69 from $169.85, marking a 4.6 percent increase year-over-year. RevPAR dipped to $116.32 from $119.01, showing a 9.3 percent gain over the same period in 2023. Among the top 25 markets, Tampa recorded the highest occupancy increase, up 28.1 percent to 84.2 percent, driven by ongoing displacement demand from Hurricane Milton. New Orleans saw the highest increases in ADR, up 64.1 percent to $301.30, and in RevPAR, up 77.6 percent to $227.24, boosted by Taylor Swift's Eras Tour.
asianhospitality

CoStar: U.S. hotel performance sees positive growth in second week of May - 0 views

  •  
    U.S. HOTEL PERFORMANCE improved in the second week of May compared to the previous week, with positive year-over-year comparisons, according to CoStar. Key metrics such as occupancy, RevPAR, and ADR all increased week-over-week. Occupancy rose to 66.1 percent for the week ending May 11, up from 64.4 percent the previous week, representing a 2.1 percent year-over-year increase. ADR increased to $162.14 from $159.97, a 4.4 percent rise compared to last year. RevPAR reached $107.24, up from $103.09 the prior week, showing a 6.6 percent increase compared to the same period in 2023. Among the top 25 markets, San Francisco reported the highest year-over-year increases in each of the three key performance metrics: occupancy increased by 20.6 percent to 79.3 percent, ADR rose by 54.5 percent to $313.13, and RevPAR increased by 86.3 percent to $248.28. The market's performance was boosted by the RSA Conference.
asianhospitality

U.S. Hotel Performance Dips in Early November 2024 Yet Stays Strong YoY | CoStar Report - 0 views

  •  
    U.S. HOTEL PERFORMANCE dipped in early November, though year-over-year comparisons remained positive, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, decreased from the previous week. Occupancy decreased to 60.8 percent for the week ending Nov. 2, down from 69 percent the prior week but up 1.9 percent year-over-year. ADR dropped to $154.99 from $168.69, marking a 1.2 percent year-over-year increase. RevPAR fell to $94.22 from $116.32 the previous week, showing a 3.1 percent gain over the same period in 2023. Among the top 25 markets, Tampa maintained the largest occupancy increase, up 34.7 percent to 80.5 percent, driven by ongoing displacement demand from Hurricane Milton. New Orleans recorded the highest gains in ADR, up 27.7 percent to $225.51, and in RevPAR, up 53.3 percent to $169.73, boosted by Taylor Swift's Eras Tour. Las Vegas saw the steepest RevPAR drop, down 28.8 percent to $151.47, followed by San Francisco, down 14.9 percent to $123.16.
asianhospitality

CoStar: U.S. hotel performance dips as anticipated before Easter holiday - 0 views

  •  
    U.S. HOTEL PERFORMANCE dipped in the final week of April, as anticipated leading up to the Easter holiday, according to CoStar. Key metrics including occupancy, ADR, and RevPAR declined compared to the previous week, with year-on-year figures also showing a decrease. Occupancy fell to 62.3 percent for the week ending March 30, down from the previous week's 65.3 percent, marking a 5.6 percent year-over-year decrease. ADR dropped to $157.14 from $162.28, reflecting a 0.7 percent decline compared to last year. RevPAR stood at $97.83, down from $106.01 the previous week, indicating a 6.3 percent dip compared to the same period in 2023. Among the top 25 markets, New York City saw significant year-over-year growth across all three key performance metrics: occupancy surged by 13.2 percent to 88.2 percent, ADR rose by 14.1 percent to $285.98, and RevPAR increased by 29.1 percent to $252.18.
asianhospitality

U.S. hotel performance improves in third week of May, YOY comparisons up - 0 views

  •  
    U.S. HOTEL PERFORMANCE improved in the third week of May compared to the previous week, with positive year-over-year comparisons, according to CoStar. Key metrics, including occupancy, RevPAR, and ADR, all saw week-over-week increases. Occupancy increased to 67.4 percent for the week ending May 18, up from 66.1 percent the previous week, marking a 0.2 percent year-over-year rise. ADR rose to $163.11 from $162.14, reflecting a 2.6 percent jump compared to last year. RevPAR reached $109.93, up from $107.24 the prior week, showing a 2.8 percent increase compared to the same period in 2023. Among the top 25 markets, Houston experienced the only double-digit occupancy increase, rising 10.5 percent to 67.9 percent. Atlanta reported the highest year-over-year increases in ADR, rising by 10 percent to $137.30, while RevPAR increased by 18 percent to $98.86.
asianhospitality

CoStar: U.S. hotel performance improves in fourth week of January - 0 views

  •  
    U.S. HOTEL PERFORMANCE improved in the fourth week of January compared to the previous week, according to CoStar. However, year-over-year comparisons remained mixed, with key metrics like occupancy, ADR, and RevPAR experiencing an increase compared to the preceding period. Occupancy came in at 56.2 percent for the week ending Jan. 27, up from the previous week's 52.2 percent but down 0.3 percent year-over-year. ADR increased to $149.76 from the prior week's $142.27, a 5.1 percent rise from the previous year. RevPAR rose to $84.13 from the prior week's $74.31, reflecting a 4.8percent increase compared to the corresponding period in 2023. Among the top 25 markets, Las Vegas exhibited the highest year-over-year growth across all key performance metrics: a 28.9 percent increase in occupancy to 83.4 percent, a 46.3 percent rise in ADR to $228.37, and an 88.5 percent growth in RevPAR to $190.42. This performance surge was attributed to the SHOT Show and World of Concrete events.
asianhospitality

U.S. hotel performance dips in first week of January - 0 views

  •  
    U.S. HOTEL PERFORMANCE dropped in the first week of January from the prior week, although year-over-year comparisons showed improvement, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, all declined at the start of the New Year compared to the previous week. Occupancy was 46.8 percent for the week ending Jan. 6, down from the previous week's 50.1 percent and reflecting a 0.7 percent year-over-year decrease. ADR fell to $152.17, compared to the prior week's $163.58, showing a 7.2 percent increase from the previous year. RevPAR decreased to $71.28 from the prior week's $82.1, but rose 6.4 percent from the corresponding period in 2023. Among the top 25 markets, New Orleans saw the largest year-over-year increases in each of the three performance metrics. Its occupancy was up 36.5 percent to 61.2 percent, ADR was up 43.5 percent to $211.90 and RevPAR rose 95.9 percent to $129.62. The market's performance was boosted by the Sugar Bowl, FAN EXPO New Orleans and multiple Mardi Gras parades.
asianhospitality

CoStar: Thanksgiving boosts YOY hotel performance in week ending Nov. 23 - 0 views

  •  
    THE THANKSGIVING CALENDAR shift boosted year-over-year performance comparisons for the U.S. hotel industry during the third week of November, according to CoStar. However, occupancy, RevPAR and ADR all declined from the prior week. Seattle led performance gains among the top 25 markets. Occupancy declined to 59.7 percent for the week ending Nov. 23, down from 63.3 percent the previous week but up 20.7 percent year-over-year. ADR fell to $150.49 from $154.96, marking an 8.6 percent year-over-year increase. RevPAR reached $89.80, down from $98.11 the prior week but up 31.1 percent compared to the same period in 2023. Among the top 25 markets, Seattle posted the highest year-over-year occupancy gain, up 62.9 percent to 76.7 percent. Chicago saw the largest increases in ADR, up 43.8 percent to $181.36, and RevPAR, which jumped 113.7 percent to $127.91.
asianhospitality

U.S. Hotel Performance Dips YoY During Election Week | CoStar Report Insights 2024 - 0 views

  •  
    U.S. HOTEL PERFORMANCE improved in the first week of November, though year-over-year comparisons remained negative as expected due to the U.S. election, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, rose from the previous week. Occupancy rose to 62.6 percent for the week ending Nov. 9, up from 60.8 percent the prior week but down 3.5 percent year-over-year. ADR increased to $156.11 from $154.99, reflecting a 0.1 percent year-over-year decline. RevPAR grew to $97.73 from $94.22, showing a 3.5 percent decrease compared to the same week in 2023. Among the top 25 markets, Las Vegas posted the largest year-over-year growth in each key performance metric: occupancy rose 6.8 percent to 85.4 percent, ADR increased 28.2 percent to $256.38 and RevPAR climbed 36.9 percent to $219.07.
asianhospitality

CoStar: U.S. hotels' weekly performance mixed, YOY up in fourth week of May - 0 views

  •  
    U.S. HOTEL WEEKLY performance showed mixed results in the fourth week of May compared to the previous week but posted positive year-over-year comparisons, according to CoStar. Despite a slight uptick in occupancy, both ADR and RevPAR decreased week-on-week across all key metrics. Occupancy rose to 67.7 percent for the week ending May 25, up from 67.4 percent the prior week, reflecting a 1.6 percent year-over-year increase. ADR decreased to $160.67 from $163.11, yet still representing a 2.3 percent surge compared to last year. RevPAR stood at $108.73, a decline from the previous week's $109.93, but marking a 3.9 percent increase compared to the same period in 2023. Among the top 25 markets, Houston experienced the most significant year-over-year boosts in occupancy, soaring 20.9 percent to reach 74.1 percent, while RevPAR surged by 29.2 percent to $89.15. Las Vegas recorded the sole double-digit increase in ADR, climbing by 10.9 percent to $217.53.
asianhospitality

Hotel Performance Dips as Hanukkah Shifts Timing - CoStar Report - 0 views

  •  
    U.S. HOTEL PERFORMANCE declined in the third week of December compared to the previous week, according to CoStar. However, year-over-year comparisons were positive due to the Hanukkah calendar shift and a shortened business travel period between Thanksgiving and Christmas. Occupancy, RevPAR and ADR all saw week-over-week decreases. Occupancy fell to 48.9 percent for the week ending Dec. 21, down from 59.5 percent the previous week but up 11.4 percent year-over-year. ADR declined to $135.79 from $155.21, reflecting a 2.7 percent year-over-year increase. RevPAR dropped to $66.36 from $92.32 week-over-week but showed a 14.3 percent gain compared to the same period in 2023. Tampa, driven partly by hurricane recovery demand, led year-over-year growth among the top 25 markets, with occupancy up 37.9 percent to 71.5 percent and RevPAR up 63.8 percent to $110.51. New York City recorded the highest ADR increase, up 20.1 percent to $351.39.
asianhospitality

CoStar: Anticipated dip in U.S. hotel performance in second week of December - 0 views

  •  
    U.S. HOTEL PERFORMANCE stayed below the levels of the previous week as anticipated, according to CoStar. Occupancy, ADR, and RevPAR all saw declines compared to the preceding week. However, year-over-year comparisons remained positive. Occupancy dropped to 54.7 percent for the week ending Dec. 16, down from the previous week's 58.7 percent, but reflected a year-over-year increase of 1.1 percent. ADR decreased to $142.62, compared to the previous week's $153.36, showing a 4.7 percent uptick from the prior year. RevPAR also declined to $77.99, compared to the prior week's $89.98, indicating a 5.8 percent increase from the corresponding period in 2022. Among the top 25 markets, San Francisco saw the largest year-over-year increases in all three key performance metrics: occupancy surged by 32.0 percent to 70.2 percent, ADR soared 21.5 percent to $223.78, and RevPAR increased by 60.3 percent to $157.14.
asianhospitality

U.S. Hotel Performance: Year-Over-Year Growth in August Week 4 - 0 views

  •  
    U.S. HOTEL PERFORMANCE reported positive year-over-year comparisons for the fourth week of August, according to CoStar. However, key metrics, including occupancy, RevPAR, and ADR, declined compared to the previous week. Occupancy fell to 66.1 percent for the week ending Aug. 24, down from 66.9 percent the previous week, but up 1.7 percent year-over-year. ADR was $154.80, lower than the prior week's $156.35, but 2.7 percent higher than the same week last year. RevPAR fell to $102.30 from $104.54 the previous week, yet was still 4.5 percent higher compared to the same period in 2023. Driven by the Democratic National Convention, Chicago experienced the largest increases in ADR, which rose 41.8 percent to $215.60, and RevPAR, which jumped 51.1 percent to $156.32. The market's occupancy increased 6.5 percent to 72.5 percent.
asianhospitality

CoStar 2024 : U.S. hotel performance up in mid-October, YOY results up - 0 views

  •  
    U.S. HOTEL PERFORMANCE improved in the third week of October, with positive year-over-year comparisons, according to CoStar. Key metrics showed a slight decrease in occupancy, while RevPAR and ADR increased week-over-week. Occupancy declined slightly to 70.1 percent for the week ending Oct. 19, down from 70.3 percent the previous week, though it rose 1.6 percent year-over-year. ADR increased to $169.85 from $166.88, a 2.5 percent year-over-year gain. RevPAR rose to $119.01 from $117.28 the previous week, up 4.2 percent from the same period in 2023. Among the top 25 markets, Tampa saw the largest occupancy increase, up 23.6 percent to 83.7 percent, driven by continued displacement demand from Hurricane Milton. Miami recorded the highest increases in ADR, up 29.9 percent to $245.28, and in RevPAR, up 35.5 percent to $179.72. The market's performance was driven by Taylor Swift's Eras Tour and Adobe MAX 2024.
asianhospitality

CoStar: U.S. hotel metrics rise in first week of June, yearly trends vary - 0 views

  •  
    U.S. HOTEL PERFORMANCE improved in the first week of June compared to the previous week, with mixed year-over-year results, according to CoStar. All key metrics, including occupancy, RevPAR, and ADR, rose compared to the prior week. Occupancy rose to 69.1 percent for the week ending June 8, up from 62 percent the previous week, with a slight 0.1 percent year-over-year decrease. ADR increased to $160.90 from $150.87, showing a 1.8 percent rise compared to last year. RevPAR increased to $111.26 from the previous week's $93.50, marking a 1.7 percent increase compared to the same period in 2023. Among the top 25 markets, Houston saw the highest year-over-year increases in occupancy, rising 14.8 percent to 71.1 percent, and in RevPAR, increasing 19.3 percent to $85.20. New York City recorded the largest increase in ADR, rising 9.1 percent to $358.25.
asianhospitality

U.S. Hotel Performance Declines in Early October Due to Rosh Hashanah - CoStar Insights - 0 views

  •  
    U.S. HOTEL PERFORMANCE declined in the first week of October compared to the previous week due to Rosh Hashanah, according to CoStar. Year-over-year comparisons also decreased, with key metrics-occupancy, RevPAR, and ADR-all falling from the prior week. Occupancy fell to 65.6 percent for the week ending Oct. 5, down from 69.4 percent the previous week, reflecting a 3.4 percent year-over-year decrease. ADR decreased to $156.25 from $159.63 the prior week, indicating a 4.4 percent decline compared to last year. RevPAR dropped to $102.44, down from $110.84 the previous week, marking a 7.7 percent decrease compared to the same period in 2023. Among the top 25 markets, Tampa saw the highest year-over-year occupancy increase at 81.3 percent, up 24.1 percent, while RevPAR rose 22.1 percent to $125.39. As is common after natural disasters, the market's hotel performance was boosted by displacement demand from Hurricane Helene.
asianhospitality

CoStar: U.S. hotel performance down in early June, YOY comparisons up - 0 views

  •  
    U.S. HOTEL INDUSTRY reported lower performance results in the first week of June from the previous week, according to CoStar. However, there was slightly positive comparisons year over year. All key metrics including occupancy, RevPAR and ADR were down compared to prior week. Occupancy declined to 62 percent for the week ending June 1, down from 67.7 percent the prior week, reflecting a 0.9 percent year-over-year increase. ADR decreased to $150.87 from $160.67, yet still showed a 0.1 percent increase compared to last year. RevPAR stood at $93.50, a decline from the previous week's $108.73, but marking a 1 percent increase compared to the same period in 2023. Among the top 25 markets, New Orleans experienced the highest year-over-year occupancy increase, rising 17.8 percent to 66.8 percent.
1 - 20 of 44 Next › Last »
Showing 20 items per page