WASHINGTON – Following seasonal patterns, U.S. lodge efficiency declined from the earlier week however confirmed optimistic comparisons 12 months over 12 months, in line with CoStar’s newest information via 26 August. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
20-26 August 2023 (share change from comparable week in 2022):
- Occupancy: 65.0% (+0.4%)
- Common every day fee (ADR): US$150.23 (+1.7%)
- Income per out there room (RevPAR): US$97.62 (+2.1%)
Among the many Prime 25 Markets, Las Vegas noticed the biggest year-over-year occupancy improve (+7.9% to 76.3%).
Houston posted the best ADR (+10.5% to US$112.08) and RevPAR (+17.8% to US$64.45) will increase.
Miami noticed the steepest RevPAR decline (-11.0% to US$102.75).
Of be aware, outdoors of the Prime 25 Markets, Maui Island reported greater efficiency from the week prior, however nonetheless confirmed vital year-over-year declines in occupancy (-17.1% to 53.6%) and RevPAR (-26.7% to US$271.21). An additional breakdown of the wildfire influence might be included within the subsequent STR Weekly Insights revealed on Friday, 1 September.
For extra details about the corporate and its services, please go to www.costargroup.com.
Extra Efficiency Knowledge: CoStar’s world-leading lodge efficiency pattern includes 78,000 properties and 10.3 million rooms across the globe. Members of the media ought to consult with the contacts listed beneath for extra information requests.
About STR
STR supplies premium information benchmarking, analytics and market insights for the worldwide hospitality business. 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 business and residential property markets. For extra info, please go to str.com and costargroup.com.
Haley Luther
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