WASHINGTON – Following seasonal patterns, the U.S. lodge business reported decrease efficiency outcomes from the earlier month however improved comparisons 12 months over 12 months, in keeping with August 2023 lodge efficiency knowledge from CoStar. CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets.
August 2023 (share change from August 2022):
- Occupancy: 66.0% (-0.3%)
- Common every day charge (ADR): US$153.60 (+1.8%)
- Income per out there room (RevPAR): US$101.35 (+1.5%)
Among the many Prime 25 Markets, Oahu Island skilled the best occupancy stage (84.4%), which was up 3.4% 12 months over 12 months.
Markets with the bottom occupancy for the month included New Orleans (45.7%) and Houston (56.8%).
The Prime 25 Markets confirmed larger occupancy and ADR than all different markets.
For extra details about the corporate and its services and products, please go to www.costargroup.com.
Further Efficiency Information: 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 confer with the contacts listed under for added knowledge requests.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a number one supplier of on-line actual property marketplaces, data, and analytics within the property markets. Based in 1987, CoStar Group conducts expansive, ongoing analysis to supply and preserve the biggest and most complete database of actual property data. CoStar is the worldwide chief in industrial actual property data, analytics, and information, enabling shoppers to investigate, interpret and achieve unmatched perception on property values, market circumstances and availabilities. Residences.com is the main on-line market for renters searching for nice residence properties, offering property managers and homeowners a confirmed platform for advertising and marketing their properties. LoopNet is probably the most closely trafficked on-line industrial actual property market with over twelve million month-to-month world distinctive guests. STR offers premium knowledge benchmarking, analytics, and market insights for the worldwide hospitality business. Ten-X presents a number one platform for conducting industrial actual property on-line auctions and negotiated bids. Houses.com is the quickest rising on-line residential market that connects brokers, patrons, and sellers. BureauxLocaux is among the largest specialised property portals for getting and leasing industrial actual property in France. Enterprise Immo is France’s main industrial actual property information service. Thomas Every day is Germany’s largest on-line knowledge pool in the true property business. Belbex is the premier supply of economic area out there to let and on the market in Spain. CoStar Group’s web sites entice almost 100 million distinctive month-to-month guests. Headquartered in Washington, DC, CoStar Group maintains workplaces all through the U.S., Europe, Canada, and Asia. Now and again, we plan to make the most of our company web site, CoStarGroup.com, as a channel of distribution for materials firm data. For extra data, go to CoStarGroup.com.
About STR
STR offers premium knowledge benchmarking, analytics and market insights for the worldwide hospitality business. Based in 1985, STR maintains a presence in 15 international locations 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, data and analytics within the industrial and residential property markets. For extra data, please go to str.com and costargroup.com.
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