CoStar

WASHINGTON - After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according

Among countries in Europe, Germany (28,500) led in construction activity, closely followed by the U.K. (28,423).

Overall March ADR was down 5.5% year over year, however, due to several factors including cost-of-living increases, a dip in

Jeddah’s RevPAR levels peaked on the same night at SAR1,618.28.

At the market level, the lowest occupancy was reported in Edmonton (+4.6% to 53.3%).

Overall, the market’s daily occupancy levels remained above the 60% mark apart from Wednesday, 14 February (59.2%).

Daily ADR levels spiked on Wednesday, 21 February, at AED1,114.

Among the major markets, Toronto saw the highest occupancy (61.4%), up 2.2% over January 2023.

In terms of monthly occupancy levels, August is currently forecasted to surpass last year's comparables by 9.1%, whereas July is

Overall, 14 of the top 25 markets reported double-digit increases in GOPPAR.