CoStar Data Shows U.K. Hotel RevPAR on an Upward Trajectory

LONDON--(BUSINESS WIRE)--May 1, 2026--

The U.K. industry posted improved revenue per available room (RevPAR) in March, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

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In the first quarter of 2026, the U.K. recorded a 1.2% increase in RevPAR, while occupancy remained flat, supported by events in regional markets including Glasgow, Manchester, Cardiff and Birmingham.

The Barclays UK Consumer Spend Report also showed travel spending fell in March for the first time in five years, with year‑on‑year declines across travel agents, airlines and public transport,” said Cristina Balekjian, principal market analyst at CoStar Europe. “Cancellations of overseas travel plans could boost demand for domestic staycations, as seen over the Easter weekend when demand spiked from Good Friday to Easter Sunday, although rate growth remained challenging.”

Looking ahead, stronger demand from British travellers staying closer to home is expected to support key U.K. tourist destinations, particularly over the summer, while London, which is more reliant on international and long‑haul demand, may face greater challenges than regions driven primarily by domestic travel.

The full analysis can be found here.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that London occupancy demand is not negatively impacted as increasing demand for short distance travel to other U.K. regions would suggest and the risk that higher demand in U.K. regions other than London due to domestic travel by British travelers does not continue as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2022 and Forms 10-Q for the quarterly periods ended March 31, 2023, June 30, 2023, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website ( www.sec.gov ). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The U.K. industry posted improved revenue per available room (RevPAR) in March

South Korea left the World Cup in turmoil after the team's quick elimination from the group stage that drew heavy criticism from the country's president and South Korea media reports that coach Hong Myung-bo had quit.

South Korea won its opening match against Czech Republic, then lost its next two Group A matches to South Africa and Mexico.

South Korea hoped it would qualify for the next round as one of the third-place teams to advance in this year's expanded tournament. That ended when Congo defeated Uzbekistan 3-1 on Saturday.

The quick exit for a team that expected to advance prompted harsh criticism from President Lee Jae Myung.

“As a former honorary professional football club chairman and, at heart, a member of the Red Devils, I feel not just surprise but deep bewilderment at this unexpected result," the president said in a lengthy statement critical of national team structure and oversight and coach Myung-bo's appointment in the first place.

“Once again, it has been proven that personnel decisions determine everything. If loyalty and factionalism are valued over competence and an incapable person is appointed as a leader, the outcome is as predictable as fire,” the president said.

Hong, 57, was in his second stint with the national team. He was the coach at the 2014 World Cup in Brazil when South Korea also failed to advance past the group stage.

South Korea is a regular at the World Cup with 11 consecutive appearances, and was a semifinalist when it was co-host of the tournament in 2002.

President Myung called for the national Ministry of Culture, Sports and Tourism to review the national team its failures.

"I sincerely apologize to the public for the deep disappointment caused by this absurd situation. We will move swiftly to reform sports administration to ensure this does not happen again,” Myung said.

See more of AP’s World Cup coverage here

Soccer fans react as they watch a live broadcasting of the World Cup Group A soccer match between South Africa and South Korea at a public viewing venue in Seoul, South Korea, Thursday, June 25, 2026. (AP Photo/Lee Jin-man)

South Korea's Lee Kang-in (19) reacts at the end of the World Cup Group A soccer match between South Africa and South Korea in Guadalupe, near Monterrey, Mexico, Wednesday, June 24, 2026. (AP Photo/Moises Castillo)

South Korea head coach Hong Myung-bo looks on ahead the World Cup Group A soccer match between South Africa and South Korea in Guadalupe, near Monterrey, Mexico, Wednesday, June 24, 2026. (AP Photo/Moises Castillo)