U.S. lodge efficiency confirmed blended year-over-year comparisons, in keeping with CoStar’s newest knowledge via 18 November. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
12-18 November 2023 (share change from comparable week in 2022)
- Occupancy: 62.4% (-0.6%)
- Common every day price (ADR): US$156.47 (+7.0%)
- Income per accessible room (RevPAR): US$97.61 (+6.3%)
Among the many High 25 Markets, Boston noticed the most important year-over-year occupancy raise (+11.0% to 77.2%).
Helped by the Components 1 Las Vegas Grand Prix, Las Vegas posted the most important will increase in ADR (+81.9% to US$350.57) and RevPAR (+58.9% to US$249.29). Regardless of the occasion, the market reported the steepest occupancy decline (-12.7% to 71.1%).
The steepest RevPAR declines had been seen in Tampa (-10.4% to US$100.58) and San Diego (-8.1% to US$128.12).
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About STR
STR supplies 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, info and analytics within the business and residential property markets. For extra info, please go to str.com and costargroup.com.
