STR

Our latest insights for 13-19 September: 🥇 U.S. hotel ADR ($179.30) was the highest for any week on record. ➕ RevPAR increased by double digits for the 4th time this year. 🌆 Chicago delivered the strongest performance among the Top 25 and was one of 5 major markets to record 90%+ occupancy on multiple nights. 🌐 The global RevPAR increase was the lowest of the last 5 weeks. 🍁 Canada stood out with RevPAR rising 14.5%. Read the full weekly analysis at the link in comments ⤵️

We had a great time at NoVacancy Hotel + Accommodation Industry Expo, where we were able to showcase CoStar with STR Benchmark ✨

🏎️ Earlier this month, Formula 1 returned to Madrid for the first time in 45 years, with the race delivering a podium finish for the market's hotels: 🏁 RevPAR was up as much as 150% YoY. 🏁 Luxury ADR approached €1,400. 🏁 The market surpassed Barcelona's F1 weekend ADR by over €100.

Canada's hotel industry reported its 8th straight month ⬆️ of YoY gains in ADR and RevPAR, with major markets, Toronto and Montreal, leading the way. 🔗 Read the full press release here: https://bit.ly/46BQ87x

🔸 Two weeks ago, U.K. airports experienced disruptions, with more than 600 flights cancelled due to traffic control issues. 🔸 Markets for major airports reported peak weekday rates on the dates of disruption. 🔸 London airports were the most impacted, with Heathrow ADR up 36% on the 2nd day of disruption. 🔸 The ADR impact stood out in London surrounding markets as well, with the only growth (at double digits) occurring on Wednesday, 9 September.

Our latest weekly insights: 🏨 U.S. hotels ended their 22-week RevPAR growth streak due to the Labor Day calendar shift. 💲 U.S. hotel ADR fell YoY for the first time since March. 👥 Group demand across the Top 25 fell 37.2%, with all but NYC experiencing declines. 🌐 Global RevPAR increased on an ADR gain, as occupancy fell for the first time in 4 weeks. Read the full analysis here: https://lnkd.in/efqcUQm4

Several highlights from global hotel performance in August: 🔹 August events pushed Rio de Janeiro's RevPAR past BRL600: https://bit.ly/3Vd9Cg1 🔹 Paris' occupancy peaked at 84.5% during #RockenSeine: https://bit.ly/46mTQlm 🔹 Adelaide events drove the market's RevPAR to an August high: https://bit.ly/4AbPtHn

Weekly Insights are here for 30 August-5 September. Here are the highlights: ➕ The favorable side of the Labor Day calendar shift delivered the highest U.S. RevPAR increase of 2026. 🏈 College football drove demand across plenty of markets, with standout gains in Atlanta, Des Moines, Syracuse and Columbus. 📈 The U.S. recorded its highest demand ever for weeks 35 and 36 of the year. 🌎 Global performance growth continued, increasing at a pace similar to the previous week. ✅ Canada, the Caribbean and India led year-over-year growth. 📉 Mexico and the GCC remained in negative territory, though trends varied by market. Read the full analysis at the link in comments 👇

💡 Luxury has levels 🔸Because it’s the highest class categorized by STR, Luxury spans a wide range of price points. 💡 Performance varies by Luxury level, but not much 🔸Price and demand are often inversely related. Europe's Luxury hotel segment provides a clear example, with occupancy at lower-priced Luxury hotels running seven percentage points higher than properties in the top price quartile. 🔸From a growth perspective, occupancy gains are much stronger among lower-priced Luxury properties, although occupancy has been rising for all quartiles. ADR is rising, too, which highlights several points: 1️⃣ The appetite for high-end travel has not diminished. 2️⃣ High-income consumers have not reached the bottom of their pocketbooks. 3️⃣ We are likely seeing some trade-up into Luxury travel, given the 3% occ growth reported by the 25th percentile. While it’s possible there is trade-down within Luxury, growth across all four quartiles does suggest new or traded-up travelers.

🏨 Investors in China's hotel industry could be facing a new era with the recent introduction of REITs. On the latest episode of the "CoStar News Hotels" podcast, Jesper Palmqvist said the introduction of hotel REITs in the country could spark a new wave of investment as there's now a new exit path for hotel developers. 🎧 Listen to the full episode at the link below or wherever you get your podcasts ⤵️