Boosted by the Rock in Rio music festival, Rio de Janeiro’s hotel industry reached its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) in eight years.

September 2024 (year-over-year % change):

• Occupancy: 71.5% (+10.3%)
• ADR: BRL907.20 (+35.5%)
• RevPAR: BRL648.33 (+49.4%)

The only month with higher ADR and RevPAR in Rio was August 2016 during the Summer Olympics.

The first night of the Rock in Rio (13 September) pushed the market’s ADR to a monthly high of BRL1,380.02, while night two resulted in the highest RevPAR at BRL1,166.58.

The highest daily occupancy level (89.8%) was seen on 25 September, which was the third night of the Rio Oil & Gas event. 

Auckland hotel booking levels topping 80% for upcoming Coldplay concerts

Auckland hotel booking levels are as high as 84% for Coldplay’s ‘Music of the Spheres’ World Tour next month, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. 

Over the course of October and November, Coldplay is set to perform 11 times across three markets in the region: Melbourne, Sydney, and Auckland. 

As of 30 September, Auckland was showing the highest levels in occupancy on the books, peaking at 84.1% for Friday, 15 November. That represents a 33.9% increase from the same time last year. The second highest occupancy on the books (79.1%, +25.5% year over year) falls on the following night. 

“Coldplay’s visit couldn’t come at a better time as Auckland has struggled with occupancy for a couple months now,” said Matthew Burke, regional director for the Pacific region at STR. “With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”

Both Sydney’s and Melbourne’s highest occupancy on the books are on Saturdays – 9 November (55.3%) and 2 November (54.5%), respectively. When compared to the same time last year, booking levels were at 45.6% in Sydney and 50.3% in Melbourne. 

“Perth saw a huge spike in hotel performance for Coldplay’s visit in November 2023, and we anticipate the same booking levels across Sydney and Melbourne,” Burke said. “Due to November being a traditionally busy month for Australian tourism, we can expect to see the tour’s impact reflected significantly on room rates rather than occupancy.”

Looking at 2025, the band is set to continue their tour in January, starting with Abu Dhabi and Mumbai.

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

CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.