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.
Investors and operators remain 'cautiously' optimistic at this year’s Lodging Conference
Industry leaders discussed challenges and opportunities for 2025
With 2025 quickly approaching, the hotel industry was abuzz in Phoenix in the first week of October. Over 2,900 industry leaders, hotel owners, investors and decision-makers attend...
Upper-tier hotels continue to make their mark across the US
A review of the largest markets shows sizable growth for this room segment
Looking ahead to 2025 and beyond, construction pipelines are heating up for higher-end hotels. Across the U.S., more than 25,000 new upper-tier rooms classified as luxury and upper...
Momentum shows no signs of slowing in San Antonio’s Pearl District
The Pearl has secured several recent victories of late
San Antonio’s popular Pearl District continues its expansion, developing in seemingly all directions as 2024 marches on.
Midtier class hotels lead construction activity in Texas
Over the last 10 years, development has increased by 42%
In the past 10 years, midtier hotels have led hotel construction in Texas. Over a 10-year period, the number of midtier hotel rooms, categorized as upper and upper midscale, increa...
The west Texas city of El Paso sees largest hotel room increase in 10 years
Over 600 rooms are under construction, with more on the way
Hotel development in El Paso, Texas, has grown steadily after a slowdown between 2018 and 2023, which resulted in low new room completions. In fact, no new hotels opened in 2022 an...
Three Texas hotels receive coveted Two Key Michelin Guide rating
Austin, Fort Worth and San Antonio hotels are named for their exceptional stays and unique locations
Earlier this month, the Michelin Guide announced the latest additions to its list of One, Two and Three Key hotels in the United States, with 20 in Texas.