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An update on GCC hotel performance: 🔸 Occupancy continues to slowly improve across key GCC markets, though levels vary drastically. 🔸 Jeddah & Abu Dhabi have crossed the 50% mark, while Qatar and Riyadh are within a few points of reaching that level. 🔸 GCC countries remain on many other nations’ travel advisory lists, which can limit demand from top source markets. 🔸 Limited flights and routes have increased the cost of airfare to the region – another limiting factor to international inbound demand. 🔸 There are some exceptions to the domestic demand base – Jeddah is the gateway market to Holy Cities, Makkah and Medina, and occupancy has improved since Hajj pilgrimages began on 18 April. 🔸 The relative rebound to date suggests that once airlift ramps up and travel advisories are lifted, demand recovery should be swift for many markets in the region.

April events drove hotel performance across several European markets: 🔹 #FIBO2026 drove Cologne's hotel performance to monthly-highs: bit.ly/3PApVkI 🔹 The #BridalFashionWeek coinciding with the #FCE/#SeaFood festival pushed Barcelona's hotel occupancy to 95% : bit.ly/3PyQ6Iu

🚧 Data center construction has become an increasingly hot topic as more projects continue to break ground across the U.S. 👷 These developments often create sustained lodging demand for construction crews. 📝 In this new analysis, we look at a few of the submarkets that experienced the largest performance impacts, as well as the potential influence on national averages. CoStar subscribers can read the full article here: bit.ly/4nx7w4Y

🎫 Event-driven travel helped U.S. hotel RevPAR grow for a 4th consecutive week. 🎤 Las Vegas was the standout market, thanks to 3 Phish shows and 2 Morgan Wallen concerts. 🎵 The BTS World Tour, Luke Combs, and George Strait also helped various markets across the country. 🏎️ Miami’s weekend ADR was one of its highest on record due to the F1 Grand Prix. 🌍 Global RevPAR fell, with most of that decrease coming from the GCC countries. Read the full insights here: bit.ly/42VFZ3p

📆 Elevated again by an easy Easter comp, U.S. weekly RevPAR grew YoY for a third consecutive week. 📈 Actual occupancy (67.7%) was the highest for any week so far in 2026. 🏈 NFL draft host, Pittsburgh, saw the highest RevPAR gain of any market (+71.1%). 🌏 Global performance rebounded, with RevPAR rising 3.8%. 📉 GCC RevPAR fell for a seventh week. Read the full analysis here: bit.ly/495OBIg

🏗️ The volume of U.S. hotel rooms under construction fell YoY for a 15th consecutive month, but there are just 10 less hotels in that phase than in March 2025. Read the full analysis here: bit.ly/3PaEN99

⬆️ The U.S. saw its largest week of YoY hotel performance growth since January 2025 with an easy comp against Holy Week 2025. 🎡 The first weekend of Coachella drove the highest three-day weekend occupancy (91.9%) in Palm Springs since 2007. 💼 Business and conference-driven group demand helped raise overall hotel performance in most U.S. markets. 📉 Global RevPAR fell for a fourth time since the U.S.-Iran war began. ⬇️ GCC countries reported a 69.4% RevPAR decline, the worst of the past six weeks. Read the full weekly analysis here: bit.ly/495j1KE

📈 Canada hotels reported a third straight month of performance gains in March. Read the full analysis: bit.ly/4sPX9tO

With the 2026 FIFA World Cup set to begin in less than two months, hoteliers in Mexico and Canada are feeling similar pains to their U.S. counterparts, with occupancy on the books trending lower than expected. Factors plaguing the tournament’s outlook include shorter booking windows and geopolitical conflicts raising prices worldwide. Read more here: bit.ly/489EAtm

🚀 The historical Artemis II launch sent Melbourne hotel performance soaring. March 31 (night before launch): RevPAR surged 123% year over year. April 1 (launch day): Occupancy reached 95.7%, marking the market’s highest daily occupancy since 2019 and its strongest weekday performance since May 2010.

March events boosted room performance across several global markets: 🔹 São Paulo's room rates climbed to BRL 1,041 during #DesignWeek: bit.ly/4vqBA5N 🔹 #ParisFashionWeek drove Paris' room rates to EUR438: bit.ly/4ckgMEb 🔹 #MCE2026 pushed Milan's occupancy to 91%: bit.ly/4moZmLr

We promised more analysis on Europe’s down Easter week. Beyond calendar shifts and economic conditions, data suggests that uncertainty in the Middle East may also be weighing on European hotel performance. Read the full piece here: bit.ly/48FRteD

Our last weekly insights are here. 📅 As expected, U.S. growth streak ends because of the Easter calendar shift. 🏆 Q1 demand still reached an all-time high, and RevPAR growth was highest since Q4 2024. 🔔 K–12 spring breaks drove noticeable RevPAR gains in the Caribbean, Hawaii, Florida and Southern California. 📉 Global RevPAR down again, with the steepest decline in the GCC (-68.8%). ⬇️ Europe performance down from last Easter—more analysis to come on that early next week. Read more from the week of 29 March-4 April: bit.ly/4t3u8vB

Cartel violence that began in late February caused a sharp disruption in Mexico’s hotel performance. Occupancy in major destinations, including Puerto Vallarta and Guadalajara, dropped to lows not seen since the COVID-19 recovery period. CoStar subscribers can read the full analysis here: bit.ly/4sXqjrZ

Another good week of U.S. data as we head into Easter weekend. Globally, performance was up when excluding the war impact in the Middle East. ⏫U.S. demand up for an 8th straight week and headed for a Q1 record. 🌉 Big growth week for San Francisco. ⏬ GCC RevPAR down 67.9%. ➕ Canada, France, Italy, Japan, and Spain all posted double-digit RevPAR growth. 📉 Mexico demand continued to show the impact from cartel violence. Read more via our Weekly Insights: bit.ly/4c40LSS

Recent weeks have marked the most severe disruption for the Middle East hospitality industry since the early days of the COVID-19 pandemic. What started as a noticeably busy February ahead of Ramadan ended with some of the lowest occupancies ever reported due to the war in Iran. Our current analysis on the Iran war impact can be found here: bit.ly/47AzgyO

The FIFA World Cup has historically meant a surge in international and domestic travel demand, but the current macroeconomic and geopolitical backdrop has introduced a layer of uncertainty that complicates expectations for the upcoming megaevent in North America. Read our full analysis, with both forecast projections and forward-booking data, here: bit.ly/4vioasD

⬆️ U.S. hotel room demand increased for a seventh consecutive week and at the highest level since mid-February. 🏨 Each class of U.S. hotels increased both demand and RevPAR for just the second time this year. 🏀 March Madness markets outperformed, with St. Louis and San Diego reporting weekly RevPAR increases of 29%. 📉 The weight of the Iranian war resulted in a 30.1% decrease in the GCC countries. Read the full analysis: bit.ly/4rUuMKz

With the Shanghai F1 race weekend complete, let's take a look at how the market's hotels performed ⤵️ 🏎️ Occupancy was strong pre-weekend reaching 91% on Thursday, but dropped sharply to 67% on Sunday. 🏎️ Exceptional ADR in 2026 - the weekend room rate average was CNY643, +CNY100 compared to 2024 and 2025. 🏎️ The F1 weekend brought in occupancy and ADR growth, RevPAR gains mirrored New Year's celebrations. 🏎️ Luxury RevPAR relative to Economy during the F1 race weekend was a difference of 238%.