Market Reports

The research examined the impact of 15 major sporting, cultural, and business events in Sydney, Melbourne, and Brisbane in 2023/2024 on hotel room demand and revenue.

Check out the latest Japan hospitality statistics for 2024 and a look ahead at 2025

Post-election clarity and ADR increases likely to sustain hotel performance through 2025 amid modest demand growth

October 2024 sees record-high average daily rate (ADR) exceeding CAD200 for Canada’s hotels, according to CoStar data.

Check out the latest U.S. hospitality statistics for 2024 and a look ahead at 2025

The U.S. hotel industry showed varied performance in the week ending 16th November, with Tampa experiencing the most significant increases in key metrics due to displacement demand from Hurricane Milton.

The U.S. hotel industry reported a rise in occupancy, average daily rate (ADR), and revenue per available room (RevPAR) in October 2024. 

At the market-level, significant downward movement in Bogotá began on 17 March as the government implemented measures to combat the spread of COVID-19. In year-over-year comparisons, Bogotá reached its steepest occupancy decline on 31 March (-94.0%).

Despite a slow summer and a sluggish third quarter, the U.S. hotel industry is predicted to see improved performance in the fourth quarter of 2024 and into 2025, according to the latest forecast by CBRE.

Check out the latest APAC hospitality statistics for 2024 and a look ahead at 2025