The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data. The change projected in March 2024 compared to March 2023 is an increase of 1.5% in terms of new hotel construction, 39.5% in terms of development planning and 9.8% in terms […]
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A significant increase of 13.8% in overnight stays in short-term rentals in Europe in 2023, compared to 2022, with Greece participating in this increase, as it ranks sixth, with just over 36.4 million overnight stays, according to data from the European Statistical Authority (Eurostat). In absolute terms, it is estimated that last year, travellers booked […]
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After 25 consecutive months of year-over-year declines, U.S. hotel construction increased slightly in December, according to pipeline data from STR. At a market-level, New York City, Phoenix and Dallas are set to see the largest supply percentage increases from current construction. Among the chain scales, the Luxury and Upscale segments lead in that measurement. U.S. […]
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STR, the leader in global hospitality benchmarking, has commenced providing the Japan National Tourism Organization (JNTO) with comprehensive hotel industry data covering the key performance metrics in major countries and cities around the world. “We are delighted to deliver reliable and necessary data to the JNTO in support of the thriving Japanese lodging and tourism sector,” […]
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At the Athens International Airport total international arrivals declined in Q1 2017 with 0.6% y-o-y, mainly caused by the performance of the month of February, which recorded a drop of 7% y-o-y, according to GBR Hospitality Newsletter. Occupancy levels as well as room rates of Athenian hotels showed a positive trend, resulting in an improvement […]
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