Inbound international travel to the United States has been steadily rising year over year since the COVID-19 pandemic, and 2025 figures to be more of the same. Success with driving this travel has been market dependent. In Southeast markets such as Miami and Northeast...
The volume of U.S. hotel rooms under construction increased year over year for a seventh consecutive month, according to CoStar’s latest September data. U.S. Hotel Pipeline, September 2024 (percentage change from September 2023) In construction: 157,253 rooms (+7.0...
The volume of hotel rooms currently being built in the United States hit its highest level in 16 months, according to CoStar’s latest June 2024 data. While globally, the real estate information and analytics company finds hotel construction has dropped or leveled off,...
Household Spending Trends, Strength of the Economy Boosts Leisure Dema Runway for More Leisure Travel According to consumer surveys, projected leisure traveler spend in the next 12 months is “off the charts,” Ryan said. “People want to be out...
The U.S. hotel industry reported improved performance results from the previous month, according to May 2024 data from CoStar. May 2024 (percentage change from May 2023): Occupancy: 65.7 percent (+1.5 percent) Average daily rate: $160.40 (+2.4 percent) Revenue per...