November fairs boosted Madrid hotel performance
November fairs boosted Madrid hotel performanceWASHINGTON – 11 December 2024 – Madrid’s hotel industry recorded its highest November average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.
Rio de Janeiro room rates jumped for G20
Rio de Janeiro room rates jumped for G20WASHINGTON – 11 December 2024 – The 2024 G20 Summit pushed Rio de Janeiro’s hotel industry to its highest average monthly daily rate (ADR) and revenue per available room (RevPAR) since August 2016, according to November preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
November 2024 (year-over-year % change):
Qatar hotel performance jumped for Grand Prix
Qatar hotel performance jumped for Grand PrixWASHINGTON – 11 December 2024 – Qatar saw a spike in hotel performance helped by the Formula 1 Qatar Airways Grand Prix 2024, according to November preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
November 2024 (year-over-year % change):
Mix of October events drove Melbourne hotel performance
Mix of October events drove Melbourne hotel performanceWASHINGTON – 13 November 2024 – A number of events, including multiple concerts by Olivia Rodrigo and Coldplay, lifted Melbourne hotel performance in October, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
Occupancy: 75.3% (+4.5%)
Munich room rates spiked for Expo Real
Munich room rates spiked for Expo RealWASHINGTON – 13 November 2024 – Munich hotels saw a spike in average daily rate (ADR) and revenue per available room (RevPAR) during Expo Real, according to October preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
Dubai hotel occupancy jumped during Diwali
Dubai hotel occupancy jumped during DiwaliWASHINGTON – 13 November 2024 – Diwali celebrations helped Dubai’s hotel industry post its highest October occupancy level since 2012, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
October 2024 (year-over-year % change):
Rio de Janeiro’s room rates jumped to eight-year high thanks to Rock in Rio
Rio de Janeiro’s room rates jumped to eight-year high thanks to Rock in RioWASHINGTON – 16 October 2024 – Boosted by the Rock in Rio music festival, Rio de Janeiro’s hotel industry reached its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) in eight years, according to September preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (year-over-year % change):
Events pushed Brisbane hotel performance to September highs
Events pushed Brisbane hotel performance to September highsWASHINGTON – 16 October 2024 – Events pushed Brisbane hotel average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs for September, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
September 2024 (year-over-year % change):
Berlin hotels posted all-time high performance for September
Berlin hotels posted all-time high performance for SeptemberWASHINGTON – 16 October2024 – The 2024 International Trade Fair for Transport Technology (InnoTrans) pushed Berlin’s monthly average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs, according to September preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
São Paulo hotel room rates reached record high in August
São Paulo hotel room rates reached record high in AugustWASHINGTON – 11 September 2024 – São Paulo posted its highest monthly average daily rate (ADR) and second highest revenue per available room (RevPAR) on record, according to August preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
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