U.S. lodge efficiency declined from the earlier week and confirmed decrease comparisons 12 months over 12 months, in keeping with CoStar’s newest knowledge by way of 5 August. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
30 July by way of 5 August 2023 (share change from comparable week in 2022):
- Occupancy: 68.9% (-1.0%)
- Common each day price (ADR): US$158.10 (+2.2%)
- Income per obtainable room (RevPAR): US$108.97 (+1.2%)
Among the many Prime 25 Markets, Boston noticed the most important year-over-year will increase in occupancy (+12.4% to 84.3%) and RevPAR (+25.4% to US$201.02), helped by the FAN EXPO Boston.
New York Metropolis posted the very best carry in ADR (+11.6% to US$268.31) and the second-highest occupancy (+10.4% to 86.6%) and RevPAR features (+23.3% to US$232.41).
St. Louis
noticed the steepest RevPAR decline (-18.3% to US$83.64).
For extra details about the corporate and its services, please go to www.costargroup.com.
About STR
STR gives premium knowledge benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 nations with a North American headquarters in Hendersonville, Tennessee, a global headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a number one supplier of on-line actual property marketplaces, info and analytics within the industrial and residential property markets. For extra info, please go to str.com and costargroup.com.
