CoStar: New York City and Nashville to Open Most Hotel Rooms in 2025
Lodging
FEBRUARY 10, 2025
markets, New York City and Nashville are projected to open the most hotel rooms in 2025, according to CoStar pipeline data. WASHINGTONAmong U.S.
Lodging
FEBRUARY 10, 2025
markets, New York City and Nashville are projected to open the most hotel rooms in 2025, according to CoStar pipeline data. WASHINGTONAmong U.S.
Hotel Management
FEBRUARY 27, 2025
Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%
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Hotel Management
FEBRUARY 13, 2024
Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.
Skift Blog
MAY 18, 2023
Skift Take: India’s booming aviation market coupled with sustained economic growth have made global hospitality titans check into the country with a robust pipeline of hotels over the next five years. Amrita Ghosh Read the Complete Story On Skift
Hotel Management
FEBRUARY 22, 2024
At the end of December 2023, the Group had a hotel portfolio of 821,518 rooms (5,584 hotels) and a pipeline of 225,000 rooms (1,315 hotels). In the fourth quarter of the year, the Premium, Midscale and Economy (PM&E) division grew its RevPAR by 12% versus Q4 2022, largely driven by prices rather than occupancy rates.
Hotel Management
JUNE 15, 2023
Following this wave of additions, higher debt cost and construction costs are anticipated to suppress the development pipeline, with activity being largely limited to key strategic sites usually having mixed use appeal. Melbourne is the primary recipient of new room supply (35% of total).
Hotel Management
FEBRUARY 20, 2024
In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. There is some stress in the market which can favor incoming investors, and a slowdown in the development pipeline helps reduce the high level of supply growth.
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