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Articles by Didio Pequeno
Hotels in this East Coast city have outperformed comparable World Cup markets
Pessimism turns to optimism as hotels in downtown Baltimore thrive Downtown Baltimore has had a breakout year in 2026. (Getty Images/Cavan Images RF) CoStar Analytics October 28, 2026 | 4:20 P.M. Downtown Baltimore entered 2026 on shaky legs following the closure of the Sheraton Inner Harbor on New Year’s Eve 2025 and the foreclosure of The Renaissance Baltimore Harborplace Hotel in January 2026.
San Antonio hotels find summer momentum despite rising supply
Performance improving despite reduced airlift, supply growth Hotel performance in San Antonio has turned the corner through September. (Getty Images) CoStar Analytics October 27, 2026 | 2:47 P.M. San Antonio’s hospitality sector has faced a challenging operating environment over the past year, although a strong summer has provided encouraging signs of recovery. This news story is available exclusively to CoStar subscribers.
Hotels in Austin move past closure of convention center
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers.
Strong hotel performance fuels buying in New York
Manhattan continues to be driving force Manhattan remains the epicenter of hotel investment in New York City. (Getty Images) CoStar Analytics October 21, 2026 | 5:16 P.M. A sustained rebound in hotel performance is helping fuel hotel sales across New York, where investors are increasingly targeting upscale and upper-midscale properties while remaining heavily focused on Manhattan. This news story is available exclusively to CoStar subscribers.
Hotel strike in Chicago raises stakes for owners, operators, workers
The Windy City’s lodging sector faces a new source of operating pressure after unionized hotel workers represented by Unite Here Local 1, a labor union representing more than 15,000 hospitality, food service, gaming and airport workers in the Chicago metropolitan area and northwest Indiana, launched a strike during the weekend of the 2026 Bank of America Chicago Marathon.
Chicago wins World Cup by staying on the sidelines
Chicago has been one the hottest U.S. hotel markets this year, especially on the heels of a strong summer. As of September, only San Francisco has outpaced Chicago in year-over-year, revenue-per-available-room change among the top 25 markets. RevPAR and occupancy have grown year over year in each month of the year, and the same has been true for average daily rate with the exception of March.
Hospitality sector in Dallas moves on from World Cup
Strong August may serve as sign of what’s to come The World Cup reversed a downturn in hotel performance in Dallas. (Getty Images/Cavan Images RF) CoStar Analytics September 27, 2026 | 9:51 P.M. Hotel performance in Dallas experienced a dramatic shift through August, moving from the pressure created by the renovation to the Kay Bailey Hutchinson Convention Center into a World Cup-fueled rebound.
This Midwestern city has grown hotel demand by nearly 1 million room nights since 2019
Columbus, Ohio, defies national hotel demand trends Columbus, Ohio, is being recognized as more than just the home of Ohio State University. (Sam Blythe/CoStar) CoStar Analytics September 27, 2026 | 9:48 P.M. What began as a recovery from the pandemic has turned into something more for Columbus hotels, with demand now running nearly 20% above 2019 levels thanks to a widening mix of business, convention and leisure travel.
Washington, DC, hotel revenue per room jumps 20% over summer months
Major events propel the District’s recovery Washington, D.C.’s hospitality sector has overperformed thanks to a strong summer. (Getty Images) CoStar Analytics September 17, 2026 | 10:36 P.M. Hotel performance in downtown Washington, D.C., improved steadily through August after getting off to a seemingly weak start to the year because of an unusually tough comparison with January 2025.
Chicago emerges as a top U.S. hotel market in 2026
Strong summer fuels industry-leading performance Hotels in Chicago have thrived through August. (Getty Images/500px) CoStar Analytics September 14, 2026 | 9:26 P.M. Chicago’s hotel sector has been one of the strongest performers among the top 25 year to date. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success. This news story is available exclusively to CoStar subscribers. Sign Up For a Demo To Learn More. Already A Subscriber?
Hotels in Montreal thrive amid record visitations
Reduced construction, international auto racing, increased tourism drive hotel demand F1 and F2 races brought significant spikes in revenue per available room in Montreal during May. (NurPhoto via Getty Images) CoStar Analytics August 31, 2026 | 5:30 P.M. Of Canada’s 10 largest hotel regions, this year Montreal has emerged as the best performer through July, supported by an increasingly favorable supply-and-demand balance, strong visitation growth and few hotels being built.
Hotel demands diverge from office use, but room rates and rents tell a different story
Weekday transient demand and room prices continue to grow across top 25 regions Since 2019, Las Vegas has seen some of the highest increases in weekday transient average daily rates and office rent. (Getty Images) CoStar Analytics August 25, 2026 | 7:43 P.M. While remote work has weakened the connection between office occupancy and weekday hotel demand, inflation-driven increases in office rents and room rates have kept the two sectors moving in a similar direction.
As teleworking rates, office visits stabilize, weekday demand holds steady for hospitality
Hotel demand improves as office visits increase The rising number of office visits is linked to an increase in weekday hotel demand. (Getty Images) CoStar Analytics August 20, 2026 | 7:47 P.M. The path back for business travel has closely mirrored the return to the office, linking hotel performance to the evolution of hybrid work. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
San Francisco, championne de la performance hôtelière pendant la Coupe du monde
Miami, Dallas et New York ont également réalisé de très bonnes performances
During the World Cup, hotels in Toronto outperform Vancouver’s
Vancouver suffered pronounced decline in occupancy Science World turned into a FIFA soccer ball for the FIFA 2026 World Cup. (Justin Eckersall/CoStar) CoStar Analytics August 7, 2026 | 7:36 P.M. Toronto significantly outperformed Vancouver in hotel revenue during the 2026 FIFA World Cup period, despite declines in occupancy in both cities. The comparison covers the period from June 11 through the day after each city hosted its final match.
Spain won the World Cup, but San Francisco placed first in hotel performance
Miami, Dallas, New York also had very strong showings Spain lifts the FIFA World Cup Trophy. (Photo by Carl Recine/Getty Images) CoStar Analytics August 7, 2026 | 6:58 P.M. The largest FIFA World Cup to date delivered a significant boost to hotel performance across all 11 U.S. host cities, with rate growth serving as the primary driver of revenue gains. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
America250 celebrations produce World Cup-level growth spurts across East Coast hotels
Washington, Philadelphia grew revenue for available room by over 100% Spectators at the Jefferson Memorial watch fireworks burst in the sky on July 4 in Washington.
L'impact de la Coupe du monde sur le secteur hôtelier au Canada est moins marqué qu'aux États-Unis
Actualités Hôtellerie 7 juillet 2026 | 14:23 CET COSTAR INSIGHT Toronto et Vancouver enregistrent une hausse de leur chiffre d'affaires, mais leurs performances varient considérablement Une vue du match du groupe L de la Coupe du monde de la FIFA 2026 opposant le Panama à la Croatie au Toronto Stadium, en Ontario.
Hotels capitalize as World Cup fever sweeps US
San Francisco, Dallas, Miami lead the way Kylian Mbappe of France celebrates a goal. (Jean Catuffe/Getty Images) CoStar Analytics July 6, 2026 | 7:07 P.M. From the Tartan Army invasion to the “Viking Row,” the 2026 FIFA World Cup has dominated headlines over the past weeks.
World Cup’s impact on hotels in Canada underperforms that in US
Toronto, Vancouver increase revenue, but performance varies significantly A view of the FIFA World Cup 2026 Group L match between Panama and Croatia at Toronto Stadium in Ontario. (Mathew Tsang/Icon Sportswire via Getty Images) CoStar Analytics July 6, 2026 | 7:23 P.M. Canada’s World Cup hotel boost has been uneven, with Toronto significantly outpacing Vancouver despite occupancy declines in both cities.
New York Knicks won NBA championship, but San Antonio won hotel battle
New York Knicks fans help drive hotel performance in San Antonio Madison Square Garden hosted two games of the 2026 NBA Finals. (CoStar) CoStar Analytics June 17, 2026 | 8:15 P.M. The wait is finally over. After 53 long years, the New York Knicks won the 2026 National Basketball Association championship, besting the San Antonio Spurs in five games. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
First weekend of Pride lifts hotel performance in some surprising places
Salt Lake City, Memphis, Milwaukee and Cleveland lead the way Pride Month kicked off in the United States in June. (Getty Images) CoStar Analytics June 12, 2026 | 2:52 P.M. Pride Month, an annual celebration held in June that recognizes and honors the history, culture and contributions of LGBTQIA+ individuals and communities, is underway in the United States, and several surprising markets are seeing a big spike in hotel performance.
Midwest hotel growth shifts beyond major cities
Elevated costs drive pivot toward more affordable markets Cincinnati is a hotbed for hotel development in the Midwest. (Getty Images) CoStar Analytics June 10, 2026 | 8:59 P.M. Although Chicago, Detroit and Cincinnati continue to dominate the Midwest hotel pipeline, lower costs and growing traveler interest are increasingly pushing developers toward the region's secondary markets.
Hotel investors embrace new reality as development evolves, automation expands
Some key themes, insights from the 2026 NYU International Hospitality Investment Forum The New York Marriott Marquis has hosted the NYU IHIF conference for nearly 30 years. (CoStar) CoStar Analytics June 9, 2026 | 4:58 P.M. The 48th annual NYU International Hospitality Investment Forum took place last week, during which over 2,000 hotel professionals spent two days discussing trends shaping investment activity, development and the role of artificial intelligence in the hospitality industry.
Why a handful of hotel companies and brands dominate development in Midwest
Developers lean into efficiency, proven brands as costs soar Data shows that developers in the Midwest prefer building tried-and-true brand hotels. (Bloomberg via Getty Images) CoStar Analytics June 4, 2026 | 7:47 P.M. Over the last four years, hotel development in the Midwest has been defined by the dominance of a small group of global hotel companies and a clear preference for efficient, scalable brands.
Why the hotel pipeline is slowing in this World Cup host city
Capital shifts from new construction to renovations in Houston The property formerly known as the Hotel Derek has been renovated and is scheduled to reopen this summer as The Greenleigh Hotel, Autograph Collection. (CoStar) CoStar Analytics May 27, 2026 | 9:08 P.M. Houston’s hotel development pipeline has slowed markedly after a decade of aggressive expansion, reflecting a combination of economic pressures and regional characteristics.
After yearlong downturn, Washington, D.C., hotel performance is bouncing back
Events, record visitation, increasing demand drive better numbers This year has brought many visitors to Washington, D.C., giving hotels a boost. (Getty Images) CoStar Analytics May 26, 2026 | 5:57 P.M. Hotels in Washington, D.C., have experienced a notable turnaround through April, supported by record visitation levels, rising demand and improving revenue per available room, or RevPAR, metrics that now outpace national trends.
Austin Convention Center closure drives down regional hotel performance
One year into renovation, the decline in Texas' capital may have flattened out Austin, Texas' capital, is seeing a different mix of hotel occupants while the convention center is being revamped. (Getty Images) CoStar Analytics May 14, 2026 | 7:25 P.M. Over the past 12 months through March, hotel performance in Austin has softened, with the closure of the Austin Convention Center in April 2025 emerging as the primary driver of weaker results.
Events, immigration crackdown power Minneapolis hotels to strong start in 2026
Combination of sports, immigration enforcement has lifted hotel demand A busy start and a busy calendar are likely to keep hotel business in Minneapolis flowing. (Getty Images) CoStar Analytics May 13, 2026 | 5:15 P.M. Minneapolis hotels are off to a fast start this year, with revenue per available room, or RevPAR, up nearly 13% through March, well ahead of expectations. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
Houston leads Texas hotel sales surge
Higher-tier transactions accelerate, exemplified by purchase of iconic Houston hotel The St. Regis Houston sold for roughly $51 million earlier this year. (CoStar) CoStar Analytics April 20, 2026 | 7:44 P.M. Investors stepped up hotel acquisitions in Texas through March this year, with more interest in higher‑end properties across the state. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
Convention Center goes offline as FIFA World Cup is set to take the pitch in Dallas
Convention closures and soccer tournament displace demand in Dallas The Kay Bailey Hutchinson Convention Center in Dallas fully closed at the beginning of the year. (CoStar) CoStar Analytics April 15, 2026 | 6:46 P.M. After a year of weakening hospitality performance in Dallas tied to the city’s convention center closure, hotels are looking to the 2026 World Cup for a temporary lift in demand and rates.
Group demand in this World Cup host city has surged in 2026, leading the top 25
Hotels in New York cash in on events, regulatory changes, Javits expansion An expanded Javits Convention Center brings more travelers to New York City, along with other events. (CoStar) CoStar Analytics April 2, 2026 | 5:06 P.M. A wave of conferences, trade shows and other events is helping lift New York City hotel bookings this year, and recently enacted short‑term rental rules continue to reshape where visitors stay.
Hotels in Montreal continue to work through a supply surge in 2025
Occupancy dropped after nearly a dozen hotels opened last year Skyline view of Montreal overlooking Dorchester Square. (Getty Images) CoStar Analytics March 24, 2026 | 9:32 P.M. Montreal’s hotel sector has faced a challenging 12 months, marked by a sharp rise in new supply, pressure from tariff policy and uneven demand recovery. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
Hotels’ record 2024 fuels Houston hotel sales in 2025
Hotel trades last year exceeded the 10-year average The Westin at the Woodlands near Houston traded as part of a $284 million three-property portfolio in 2025. (CoStar) CoStar Analytics March 18, 2026 | 7:59 P.M. Hotel transaction activity in Houston accelerated over the past year as Houston hotels delivered exceptional operating results in 2024. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
A great divide emerges in New York hotel performance
Properties in Manhattan drive the city’s prolonged upturn It's not just Central Park that brings the green to Manhattan: Its hotels are commanding higher room rates. (Getty Images) CoStar Analytics March 12, 2026 | 3:40 P.M. Hotels in New York City have taken diverging paths over the past year: While Manhattan has thrived, the outer boroughs have struggled. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
Slump in DC hotel performance continues
Region has been in a prolonged downturn for over a year The most persistent challenge has been the continued retreat in government-funded travel. Shown here, a view of the U.S. Capitol in Washington, D.C. (Photo by Drew Angerer/Getty Images) CoStar Analytics March 12, 2026 | 3:53 P.M. Since February 2025, the hospitality industry across the Washington, D.C., region has been weighed down by a wide variety of challenges.
This World Cup host city is the top hotel construction region in Canada
Constrained room supply and recent legislation have boosted development in Vancouver Coal Harbour, Vancouver, Canada, is a scenic, upscale waterfront neighborhood in downtown Vancouver, BC (Getty Images/iStockphoto) CoStar Analytics March 2, 2026 | 7:13 P.M. Hotel construction activity in the Vancouver region has accelerated markedly, positioning it as one of the most active hotel development centers in Canada as of February, reflecting a combination of structural demand pressures, favorable...
News | New York leads in hotel investments across Northeast
Sales are up in the region, but averages stay below historical norms Among major markets in the Northeast, only New York is beating the 10-year average on hotel investments. (Getty Images/iStockphoto) CoStar Analytics February 27, 2026 | 8:54 P.M. Hotel investment across the five major Northeastern hospitality regions accelerated between 2024 and 2025.
News | Immigration crackdown drives hotel performance in the Twin Cities
Short-term gains complicate the region’s continued recovery Residents and businesses reacted to the surge in federal agents in the Twin Cities.(Stephen Maturen/Getty Images) CoStar Analytics February 24, 2026 | 3:09 P.M. In December 2025, the launch of a major U.S. Immigration and Customs Enforcement initiative, Operation Metro Surge, led to an influx of over 3,000 immigration agents to the Twin Cities.
Hotel investment activity slows down in the Midwest
Chicago garners most activity, but overall volume is consistently below historical averages in most regions Chicago continued to account for the largest share of Midwest transaction volume, but sales fell sharply from 2024 levels. (Brett Bulthuis/CoStar) CoStar Analytics February 23, 2026 | 9:15 P.M. Hotel investment activity across five major Midwestern hospitality regions declined meaningfully between 2024 and 2025.
News | Hotel regions to watch in the Northeast in 2026
Potential upside in Philadelphia, Boston and New York City hall on the skyline of downtown Philadelphia. (Bill Marrs/CoStar) CoStar Analytics 23 February 2026 | 19:43 The Northeastern hospitality regions of Philadelphia, Boston and New York are positioned for a strong year of hotel performance in 2026, driven by an outsized boost from the FIFA World Cup and the America250 celebrations.
News | Regional hotel success stories from 2025
St. Louis flourished, and New York thrived America’s Center Convention Complex added over 70,000 square feet of exhibit space last year in St. Louis, improving hospitality numbers there. (Getty Images/iStockphoto) CoStar Analytics February 20, 2026 | 7:22 P.M. While hotel performance in the U.S. fell flat through December 2025, both St. Louis and New York posted revenue per available room, or RevPAR, metrics that were stronger than expected.
World Cup set to reshape hotel demand in Toronto and Vancouver
Hotel regions to watch in Canada in 2026 Vancouver hotels are likely to score well with the influx of soccer fans for the World Cup. Ditto for Toronto. (Getty Images/iStockphoto) CoStar Analytics February 20, 2026 | 7:18 P.M. The Canadian hospitality regions of Vancouver and Toronto entered 2026 with different levels of momentum, but the unprecedented impact of the 2026 FIFA World Cup is set to position Toronto and Vancouver among the most visible host markets in North America.
News | Hotel regions to watch in the Midwest in 2026
Potential upside in Kansas City, Chicago, Detroit The World Cup could be a significant driver in Kansas City, Missouri, pushing RevPAR growth above the existing forecast of 1.7% through December 2026. Shown is GEHA Field at Arrowhead Stadium in Kansas City.
News | Are there too many hotel brands? What the data says
As the number of hotel brands has increased, corporate revenue has soared More brands have equaled more revenue. (Getty Images) CoStar Analytics December 24, 2025 | 7:52 P.M. In 1993, Marriott, Hilton, Accor, Hyatt and InterContinental Group, known as IHG, had a total of 19 brands. Fast-forward to 2025, and the five major hotel companies now feature nearly 180 brands and counting. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
Investors are betting big on the resurgence of DC area hotels
Hotel sales volume has significantly increased, driven by interest in the district The Washington Marriott at Metro Center traded for $177 million earlier this year. (CoStar) CoStar Analytics December 17, 2025 | 7:37 P.M. Hotel investment in the Washington, D.C., region has surged in 2025, with the district’s downtown emerging as the epicenter of sales and capital flow. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
News | Big Apple gets bigger: New York ranks as top hotel construction market in the country
Despite development hurdles, the city continues to attract developers The 529-room Kimpton Era Midtown New York is rising on West 48th Street. (CoStar) CoStar Analytics December 8, 2025 | 9:28 P.M. New York City’s hotel construction pipeline is the largest in the United States, with over 8,100 rooms being built and projected to open by 2028. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
Sharp increase in hotel sales volume in the Northeast driven by investment activity in New York
Hotel transactions also pick up in Washington, D.C., Baltimore and Philadelphia The sale of the Hilton Garden Inn New York Chelsea this year exemplifies a growing trend. (CoStar) CoStar Analytics November 25, 2025 | 9:05 P.M. Through October 2025, hotel transaction volume has increased in most Northeastern markets, as the high cost of borrowing and elevated interest rates have slightly eased.
Government shutdown is over, but hotel recovery in DC will likely be prolonged
Washington faces a decline in revenue per available room CoStar Analytics November 20, 2025 | 8:37 P.M. Washington, D.C.’s hotel industry, which relies heavily on federal travel and conferences, experienced sharp declines in occupancy and revenue per available room, or RevPAR, during the government shutdown, and the trouble is likely to persist. Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
News | Hoteliers grateful for resilience, team dedication amid trying year
In a year defined by uncertainty, what do hoteliers have to be grateful for? A handful of hospitality professionals cited their hard-working teams, the resilient and collaborative nature of the industry, emerging technology and more on a recent episode of the CoStar News Hotels Podcast. To set the scene for the episode, Didio Pequeno, director of hospitality market analytics in the Northeast and Midwestern regions at CoStar, shared an overview of U.S. hotel performance for the year so far.
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