The U.S. hotel industry reported higher performance from the previous week and positive comparisons year over year, according to CoStar's latest data through 11 May.
Qatar saw its highest daily occupancy levels on Thursday, 11 April (90.9%) and Friday, 12 April (91.7%). The country recorded its highest ADR on the same two nights,.
Looking ahead, forward occupancy on the books is continuing to run ahead of the 2023 pace for May and June with 53% and 31% booked as of 6 May.
While there have been many debt-related concerns in an era of high interest rates and limited availability, a panel of experts said the top issue driving distress in the hotel industry is still inefficient and ineffective operations.
U.S. hotel performance showed mixed results from the previous week, according to CoStar's latest data through 4 May.
As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar's latest data through 27 April.
During Ramadan (11 March - 9 April), Dubai saw its highest daily occupancy levels on Friday, 29 March (at 78.9%), which coincided with the Easter holiday weekend. The market’s ADR levels peaked on Saturday, 30 March, at AED901.25.
U.S. hotel performance showed mixed results from the previous week, according to CoStar's latest data through 20 April.
After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data.
Hotel industry analysts share their expectations for the first-quarter earnings calls from publicly traded hotel brand companies and real estate investment trusts.