Throughout the year, the word "bifurcation" has been top of mind for many hotel owners and operators in terms of recent performance trends. Isaac Collazo, STR's vice president of analytics. popularized the term several years ago when higher-end hotels started outperforming midscale and economy hotels. In addition, both group and business travel are getting stronger while leisure travelers are showing price sensitivity to higher hotel rates.
New York bucks national hotel performance trends by class
While higher-tier hotels led the nation, lower-tier hotels posted stronger rate increases in the city
CoStar Analytics
November 11, 2024 | 4:58 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In