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.
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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.
Hotel Business
JULY 25, 2024
Wyndham Hotels & Resorts reported its second quarter results, including growing its development pipeline by 7% and system size by 4% in the period. Development pipeline grew 1% sequentially and 7% year-over-year to a record 245,000 rooms. Awarded 180 development contracts globally, including 96 contracts in the U.S., In the U.S.,
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 Business
APRIL 25, 2024
The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter. Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. and growth of 14% internationally.
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 Business
APRIL 27, 2023
In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. construction pipeline at Q1. This is the fourth consecutive quarter of total pipeline growth for the U.S., There are no growth spikes expected this year.
Hotel Management
MARCH 26, 2024
In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared. Elsewhere in the Australia Pacific region, Marriott is experiencing strong growth. “I
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
OCTOBER 31, 2024
Our properties are performing well, with solid occupancy and rate performance. Looking ahead, we have several exciting opportunities in the pipeline. We continue to see success across our network, particularly with the Quest brand, which has remained resilient in the corporate travel market.
Hotel Business
FEBRUARY 6, 2025
. “All segments drove RevPAR outperformance, with strong trends in leisure occupancy, as well as continued growth in business transient and group results, and we expect favorable trends to continue into 2025. compared to the same period in 2023 due to increases in both occupancy and ADR. .” 31, 2023 Diluted EPS was $2.06
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.
Hotel Business
MAY 8, 2025
compared to March 31, 2024, and the segment’s pipeline reached to more than 40,000 rooms as of March 31, 2025. and occupancy levels increased by 30 bps. compared to March 31, 2024, and its pipeline increased by 13% from Dec. from March 31, 2024, and its pipeline increased by 8% from Dec. Domestic ADR grew by 1.7%
Hotel Business
OCTOBER 26, 2023
30, reported a record-high development pipeline of 1,930 hotels. leisure demand, and international occupancy continued to recover. 30, the global development pipeline consisted of 1,930 hotels and approximately 237,000 rooms, representing a 12% YOY increase, including 16% growth in the U.S. Development On Sept.
Hotel Management
NOVEMBER 9, 2023
“STR’s 2024 outlook data suggests all of Australia’s capital cities are experiencing strong ADRs through the end of 2023 and that this is set to continue into the coming year, with occupancies following,” said Simpson. Hobart, Melbourne, Adelaide, and Perth have seen an influx of new stock over the past three years,” Simpson said.
Hotel Business
FEBRUARY 18, 2025
.” Established in 2013, the Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The pipeline hotels are set to open over the next three years across more European cities including Edinburgh, Marseille, Rome and Stockholm. .”
Hotel Business
MAY 23, 2023
According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report that at the close of the first quarter, the country’s hotel construction pipeline stands at 1,776 projects/266,901 rooms. The top countries in the Europe construction pipeline by project count are led by the U.K.
Hotel Management
DECEMBER 20, 2023
Veriu Group CEO, Zed Sanjana, and developer Tim Gurner are celebrating a successful first six months of Veriu Collingwood, with the apartment hotel garnering strong occupancy and room rates since opening. Yes, we have two office conversions in our pipeline, which is exciting. You’ve got an Adelaide project in the works.
Hotel Business
OCTOBER 20, 2023
vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% Occupancy was 72%, up 0.7% The Americas saw a 4.1% increase, with a 15.9%
Hotel Business
FEBRUARY 11, 2025
He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. from year-end 2023 At the end of the year, Marriott’s worldwide development pipeline totaled nearly 3,800 properties and more than 577,000 rooms The company returned more than $4.4 to more than 1.7 RevPAR in the U.S. &
Hotel Business
NOVEMBER 4, 2024
“We accelerated our unit growth, increased our global pipeline to new levels, expanded our international reach and significantly grew the size of our rewards program. Global pipeline as of Sept. Domestic rooms pipeline as of Sept. Domestic occupancy levels for the three-month period ended Sept. since Sept.
Hotel Management
DECEMBER 19, 2023
When it comes to room rates and occupancy levels, what’s your outlook for next year? Sydney is starting to get back to pre-pandemic occupancies – in the 80%s range, which is great. It’s a good thing in that it’s got outstanding quality accommodation, but occupancies are sitting in the mid-60%s at the moment.
Hotel Business
AUGUST 8, 2024
“We increased our global pipeline to new levels propelled by robust demand for our brands, accelerated the velocity of our global hotel openings, expanded our international reach and significantly grew the size of our rewards program. million, a 6% increase compared to the same period of 2023. for rooms since June 30, 2023.
Hotel Business
FEBRUARY 20, 2025
and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. from year-end 2023, and its pipeline reached nearly 43,000 rooms. from year-end 2023, and its pipeline reached nearly 25,000 rooms. Global pipeline as of Dec. Domestic ADR grew by 3.1%
Hotel Business
MAY 24, 2023
According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) , the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY). Hilton tops the list with a record 99 projects having 24,736 rooms.
Hotel Management
JANUARY 8, 2024
New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline. “Our ambition for Lyf, alongside our other brands, is to expand horizons, pushing boundaries across geographies while deepening our local presence in current and new locations.”
Hotel Business
MAY 8, 2025
and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% year-on-year increase in our pipeline. pts Gross system size growth accelerated to +7.1% YOY, +1.5%
Hotel Business
MAY 3, 2024
Global occupancy moved up to 62% and ADR increased by a further 2% as pricing remained robust, reflecting the complete return of leisure, business and group travel.” YOY; the global pipeline at the end of the quarter was 305,000 rooms (2,079 hotels), up 6.6% Occupancy was 63.1%, down 1.1 YOY, with occupancy up 2.7
Hotel Management
OCTOBER 24, 2023
Sydney’s hotel market is the top performer nationally with occupancy above 75%, an average daily rate (ADR) above AU$300 and revenue per available room (RevPAR) above AU$200, according to STR and Colliers. Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.
Hotel Management
MAY 2, 2023
Adelaide is an exciting destination for AHICE as the city’s accommodation sector has boomed in recent years with the addition of a range of new hotels and many more in the pipeline including the Marriott Hotel Adelaide at GPO, Holiday Inn and Suites Adelaide Mawson Lakes and the Little National.
Hotel Management
JULY 25, 2023
Following the success of Maximum Occupancy New Zealand and successful partnerships in the region, BWH Hotels ramps up its focus on emerging growth opportunities in New Zealand. BWH has a strong pipeline of future lifestyle, luxury and extended stay offerings to bring to Australia and New Zealand.
Hotel News Resource
NOVEMBER 9, 2023
With the pandemic mostly in the past, Downtown Indianapolis’s ADR has fully recovered, but occupancy still has not returned to 2019 levels given the slow rebound of corporate demand. However, leisure demand has increased, and the city’s event pipeline is robust, supporting a positive outlook for Downtown Indianapolis.
Hotel Management
JULY 25, 2023
“A bed tax would create a significant barrier to Victoria’s attractiveness from a business meetings and events perspective, adding $895,000 of direct cost to our pipeline of 179,000 room nights and could lead event organisers to consider alternative options outside our state,” he said.
Hotel Business
AUGUST 8, 2023
.” H1 highlights include: Americas H1 RevPAR up +11% YOY, EMEAA +42% and Greater China +94%, reflecting the differing levels of travel restrictions that were still in place in H1 2022 ADR up +7% vs. 2022, +11% vs 2019; occupancy up +9% pts vs 2022, just 1.3% and now has 25 open and pipeline properties globally.
Hotel Business
JULY 26, 2023
We continue to drive long-term growth of our global network through the launch of strategic new brands and have already added more than 60,000 rooms to our development pipeline during 2023.” compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1%
Hotel Business
FEBRUARY 20, 2024
Other highlights include: Americas FY RevPAR up 7% YoY (Q4 +1.5%), EMEAA +23.7% (Q4 +7%) and Greater China +71.7% (Q4 +72%), reflecting the differing levels of travel restrictions that were still in place in 2022 ADR up 5% vs 2022, +13% vs 2019; occupancy up 6 pts. Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5%
Amadeus Hospitality
APRIL 8, 2025
Every hotelier dreams of high occupancy, steady revenue, and a thriving business year-round. Theres a tendency to rely on one-off discounts, flash sales, or online travel agencies (OTAs) to fill rooms quickly without building a sustainable demand pipeline. And if you ask, theyll all agree demand generation is the key to success.
Hotel Business
MARCH 4, 2025
We are thankful for the Marriott Foundations generous donation to help reduce barriers to entry and build a robust pipeline of skilled hospitality professionals through engaging applied learning opportunities, professional mentoring, lower tuition costs and seamless links to earn degrees.
Hotel Business
FEBRUARY 7, 2024
for the full year Approved 33,800 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to a record 462,400 rooms as of Dec. compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% from the same period in 2019.
Hotelier Magazine
APRIL 15, 2025
Hotel Crunch Threatens Growth Vancouver hotels are operating at near full capacity, with 80 per cent average annual occupancy and up to 95 per cent during peak seasons well above rates in peer cities. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.
Hotel Speak
OCTOBER 3, 2024
Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%. While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. Robert Shrimsley, Financial Times 2. Only ultra-luxury properties saw a slight decline, from 31.7%
Hotel Business
MAY 2, 2023
First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. Our industry-leading pipeline grew to approximately 502,000 rooms, up 2.6% Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter.
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