Emmy Hise

Jul 3, 2024 | lodgingmagazine.com | Emmy Hise |Jan Freitag

The U.S. hotel industry saw 800 transactions in the first quarter of 2024, according to data from CoStar. Higher interest rates continue to take a toll on transactions, with the estimated undisclosed dollar volume at roughly $4 billion-the lowest for a first quarter since 2010. When looking at disclosed dollar volume, transactions were at $3.4 billion. made up 20 percent of the quarterly transaction activity.

Jun 25, 2024 | costar.com | Emmy Hise

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Jun 19, 2024 | costar.com | Emmy Hise

CoStar InsightLimited Impact on Hotel Performance Is Expected Based on Previous ChangesWith more than 100,000 hotel rooms, the Las Vegas Strip is the largest submarket in the United States. (Formula 1 via Getty Images)By year-end, the will have 4,600 fewer hotel rooms following the demolition of one major resort and extended closure of another. With more than 115,000 hotel rooms, the Las Vegas Strip is the largest submarket in the United States.

Jun 12, 2024 | costar.com | Emmy Hise

While Atlanta leads Georgia for the most hotel rooms under construction, a different region took the top spot for new hotels as a percentage of total rooms. The total number of hotels in Savannah will increase by 8%, with approximately 1,500 hotel rooms among 16 hotels, more than double the share increase of other locations in Georgia.

Jun 9, 2024 | costar.com | Emmy Hise

CoStar InsightMega Projects Lead Southwest Additions, While East Coast Developments Are DiversifiedMany areas with the highest share of under-construction hotel rooms compared to the current total number of rooms are outside major city centers. South and East San Diego, La Guardia/North Queens, and West Phoenix will have the most significant hotel room inventory share increase among the nearly 700 submarkets tracked by CoStar/STR. However, what is driving the growth in these destinations varies.