As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
During Ramadan (11 March - 9 April), Dubai saw its highest daily occupancy levels on Friday, 29 March (at 78.9%), which coincided with the Easter holiday weekend. The market’s ADR levels peaked on Saturday, 30 March, at AED901.25.
U.S. hotel performance showed mixed results from the previous week, according to CoStar's latest data through 20 April.
After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data.
Hotel industry analysts share their expectations for the first-quarter earnings calls from publicly traded hotel brand companies and real estate investment trusts.
A number of large-scale events have boosted hotel performance in Adelaide, with further jumps expected for upcoming events, according to recent data from CoStar.
The Top 25 Markets showed higher occupancy and ADR than all other markets.
Final Four host markets Phoenix and Cleveland saw growth in hotel performance metrics compared to 2023.
Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar's latest data through 13 April.
The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data.