Less Global Markets Show RevPAR Growth, but Olympics and Concerts Produce Highlights

CoStar Group | August 30, 2024

Note: All financial figures presented in US$. STR's global "bubble chart" update for the four weeks ending 24 August 2024 shows 61% of markets with year-over-year growth in revenue per available room. That was a three-point decline in the proportion of global markets: 64% experiencing matched four-week RevPAR gains in last month's update. Among countries with 50,000 rooms and adequate hotel reporting levels, France, Greece, Singapore, Switzerland and Ireland — mostly the same as last month’s set of higher-priced countries with exception of Ireland in place of Italy—posted the highest RevPA...