Eras Tour led to March records for Singapore hotels
Eras Tour led to March records for Singapore hotelsWASHINGTON – 10 April 2024 – The host of six Taylor Swift concerts, Singapore’s hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Jeddah room rates jumped during Formula One
Jeddah room rates jumped during Formula OneRio de Janeiro room rates peaked during Carnival
Rio de Janeiro room rates peaked during CarnivalWASHINGTON – 12 March 2024 – Helped by Carnival, Rio de Janeiro’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) since 2016, according to February preliminary data from CoStar.
Record-high room rates in Melbourne, Sydney driven by the Eras Tour
Record-high room rates in Melbourne, Sydney driven by the Eras TourWASHINGTON – 12 March 2024 – Boosted by Taylor Swift’s Eras Tour, the hotel industries in both Sydney and Melbourne posted their highest average daily rate (ADR) for any month on record, according to February preliminary data from CoStar.
Dubai hotel performance jumped during eventful February
Dubai hotel performance jumped during eventful FebruaryWASHINGTON – 12 March 2024 – A series of events pushed all-time high occupancy levels in Dubai, according to February preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Coldplay concerts drove Singapore hotel performance in January, Taylor Swift up next in March
Coldplay concerts drove Singapore hotel performance in January, Taylor Swift up next in MarchWASHINGTON – 14 February 2024 – Helped by Coldplay’s World of the Spheres Tour, Singapore hotels saw healthy performance growth, according to preliminary January data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
London hotel performance jumped during holiday season
London hotel performance jumped during holiday seasonWASHINGTON – 15 January 2024 – Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
December 2023 (year-over-year % change):
COP28 and New Year’s Eve boosted Dubai hotel performance in December
COP28 and New Year’s Eve boosted Dubai hotel performance in DecemberWASHINGTON – 15 January 2024 – Helped by COP28 and New Year’s Eve, Dubai’s hotel industry reported its highest monthly average daily rate (ADR) on record, according to preliminary December data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Sydney hotels posted record-high room rates in December
Sydney hotels posted record-high room rates in DecemberWASHINGTON – 15 January 2024 – Helped by New Year’s Eve, Sydney’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to December preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Jakarta hotel occupancy and RevPAR reached significant levels in November
Jakarta hotel occupancy and RevPAR reached significant levels in NovemberWASHINGTON – 12 December 2023 – Jakarta hotels recorded their highest levels in occupancy and revenue per available room (RevPAR) since November 2011 and November 2013, respectively, according to preliminary data from C
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