Other Press Releases

ARLINGTON, Va. – 22 August 2025 – A number of Australian hotel markets saw significant jumps in performance during the British and Irish Lions Tour, including Brisbane posting record highs in average daily rate (ADR) and revenue per available room (RevPAR), according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

ARLINGTON, Va. – 29 July – The Oasis Live ’25 tour led to significant gains in average daily rate (ADR) and revenue per available room (RevPAR) in Cardiff and Manchester, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

ARLINGTON, Va. – 1 May 2025 – Rome’s hotel industry recorded its highest daily performance levels of 2025 due to the funeral of Pope Francis, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 

ARLINGTON, Va. – 14 April 2025 – During Eid al-Fitr celebrations in the United Arab Emirates (UAE), Ajman was the only hotel market to top 95% occupancy, and Ras Al Khaimah was the only market where average daily date (ADR) surpassed AED 1,000, according to data from CoStar.

LONDON – 31 March 2025 – Among European countries, the United Kingdom and Ireland have achieved hotel occupancy indices at or above 100% of pre-pandemic levels, according to CoStar data that will be presented this week at IHIF EMEA in Berlin.

WASHINGTON – 23 December 2024 – In its continued worldwide support of hospitality, tourism and real estate higher education, CoStar Group’s SHARE Center held four student market competitions in November 2024.

In total, 44 teams of three to six students, with the assistance of their faculty advisors, selected a market and were provided with a standard set of reports and data. Each competition was held via Zoom, with senior level industry professionals serving on the panels of judges.

WASHINGTON – 6 December 2024 – The 29th Conference of the Parties (COP29) drove Baku’s hotel average daily rate (ADR) and revenue per available room (RevPAR) to record-high levels, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. 

WASHINGTON – 19 November 2024 – The hotel industry in Cali, Colombia, posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record during the 16th UN Biodiversity Conference (COP16), according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. 

Cali saw both daily and monthly records because of COP16.