Birmingham, Alabama, experiences hotel construction boom
Over 1,400 hotel rooms under construction in the Magic City with 1,000 to be completed this year
Hotel development in Birmingham has ramped up, with 1,070 rooms expected to open this year and another 428 rooms set to open by 2026.
More than just bourbon and horses; Louisville’s group segment drives hotel performance
“Drive-to-destinations” might be more than just a quick trip for the family
The Louisville hospitality market is demonstrating a compelling dichotomy between group and transient travel segments. While group travelers, defined by blocks of 10 or more rooms ...
Tucson, Arizona’s hotel market shifts the balance between transient and group segments
Group traveler trends reveal offsets in market’s normal travel patterns
The Tucson hotel market is experiencing a significant recalibration between transient and group travel segments, with measurable changes in occupancy and average daily rate (ADR). ...
Inflation erodes nominal gains for average daily rates in Texas’ largest markets
Five years after the pandemic, inflation-adjusted ADR reveals ongoing recovery struggles
Despite Texas' largest markets seeing nominal room rate growth in the last year, real average daily rates (ADR), adjusted for inflation, reveal ongoing challenges.
Austin, Texas’ Group ADR nearly surpasses 2019 levels; Overall market lags
Rate strength in group segment masks broader recovery challenges amid inflationary pressures
The dynamics of the Austin hotel landscape have captured the attention of investors and developers over the past two years. However, hotel performance tapered in 2024 amid persiste...
Extended-stay hotels shows pricing strength
Sector maintains consistent pricing advantage over conventional options
The extended-stay hotel sector emerged as an industry leader throughout 2024, demonstrating stronger pricing power than conventional hotels. Analysis of inflation-adjusted average ...
Multiple growth drivers propel the extended-stay hotel sector forward
Extended-stay hotels post strong fourth-quarter performance amid demand uptick
The extended-stay sector continues to outpace traditional hotel demand growth, posting a 3% annual increase through 2024, compared to modest 0.2% annual growth for non-extended sta...
Dallas hotel development shows no signs of slowing
Pipeline signals continued developer confidence in the market
It's no surprise Dallas is booming in terms of population, corporate relocations and hotel supply growth. After all, among the top 25 markets tracked by CoStar, Dallas ranks second...
Super Bowl returns to the Big Easy, with hotels positioned to score big
Infrastructure, room inventory among factors forecasting high performance in New Orleans
As New Orleans prepares to host Super Bowl LIX in February, hotel performance indicators suggest a markedly different environment from the last championship game there in 2013.
Population boom, corporate growth drive Nashville's hotel expansion
Construction pipeline to add over 4,000 rooms
Among the top 25 performing markets tracked by CoStar, Nashville ranks fourth with the most rooms under construction, with New York at No. 1 and Dallas and Orlando coming in second...
Conventions, hurricane aftermath send group hotel demand soaring for two Gulf Coast cities
Compared to western cities, southern spots see highest increases
The group travel landscape across the top 25 U.S. cities, based on hotel performance, shows Tampa and Houston emerging as the standout locales for group demand growth year over yea...
In a first this year, Atlanta’s weekday and weekend hotel occupancy simultaneously rise
Increased corporate, leisure travel drove improved October performance
Atlanta reported a positive shift in both weekday and weekend hotel occupancy through October, marking the first time this year both increased in the same month.
Orlando and Miami each surpass $1 billion in hotel sales
Nashville's hospitality market adjusts back to normalcy
Nearly 40% of the markets in the country's southern region reported higher hotel investment sales volume so far this year compared to the same period last year.
What to expect for Texas’ hotel pipeline and new upper-tier properties
More than 14,000 hotel rooms to open their doors over the next 36 months
Texas is gearing up for several years of substantial hotel construction, with over 14,000 hotel rooms to be completed in the next three years.
Extended-stay brands take the lead among hotel types under development
Marriott, Hilton are at the helm
Extended-stay hotels are growing considerably, with Marriott leading the charge in new development.
San Antonio’s Project Marvel could be catalyst to downtown, hotel landscape
New ballpark, sports arena and hotel expected to spur activity
Amid a strong month for the hospitality sector in downtown San Antonio, city officials have announced plans for a new sports and entertainment district code-named Project Marvel.
Extended-stay hotels continue to be a favorite for developers
Since 2022, extended-stay hotel supply increased by an average of 3%
The chart data and text in this article were corrected on Nov. 15 to reflect extended-stay properties only and not all traditional hotels as originally published.
Austin’s hotel industry experienced record-breaking performance in October
A unique convergence of high-profile events drove hotel performance
October ended with a bang for hotel operators in Austin, Texas, as a few high-profile events drove record performance over the last few weeks of the month. Notably, the annual Form...
Hotel performance shows mixed results during two-weekend run at Austin City Limits Music Festival
Calendar shifts, changing market dynamics play role in year-over-year performance
Hotel performance during the iconic Austin City Limits Music Festival, which transformed downtown Austin’s Zilker Park in October, painted a complex picture for the local hotel ind...
Hotel market bifurcation drives two Texas cities differently
Dallas luxury-class hotels lead city performance while mid-tier hotels show strength in Houston
The Texas hotel market is experiencing a divergence between its two largest cities, highlighting a broader trend of market bifurcation across the U.S. hospitality sector.