WASHINGTON – U.S. lodge efficiency elevated from the earlier week, and year-over-year comparisons remained blended, in keeping with CoStar’s newest knowledge by means of 14 October.
8-14 October 2023 (share change from comparable week in 2022):
- Occupancy: 68.5% (-2.3%)
- Common every day fee (ADR): US$164.25 (+3.2%)
- Income per accessible room (RevPAR): US$112.51 (+0.8%)
Among the many High 25 Markets, Oahu Island noticed the biggest year-over-year will increase in occupancy (+17.8% to 85.2%) and RevPAR (+29.7% to US$243.22).
Las Vegas posted the best elevate in ADR (+14.7% to US$226.94) and the second-largest soar in RevPAR (+21.1% to US$199.88).
New Orleans noticed the steepest RevPAR decline (-28.3% to US$107.38).
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 contains 78,000 properties and 10.3 million rooms across the globe. Members of the media ought to consult with the contacts listed beneath 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 business actual property data, analytics, and information, enabling purchasers to research, interpret and acquire unmatched perception on property values, market situations and availabilities. Flats.com is the main on-line market for renters searching for nice condominium properties, offering property managers and house owners a confirmed platform for advertising their properties. LoopNet is essentially the most closely trafficked on-line business actual property market with over twelve million month-to-month world distinctive guests. STR gives premium knowledge benchmarking, analytics, and market insights for the worldwide hospitality trade. Ten-X provides a number one platform for conducting business actual property on-line auctions and negotiated bids. Houses.com is the quickest rising on-line residential market that connects brokers, consumers, and sellers. BureauxLocaux is likely one of the largest specialised property portals for getting and leasing business actual property in France. Enterprise Immo is France’s main business actual property information service. Thomas Each day is Germany’s largest on-line knowledge pool in the true property trade. Belbex is the premier supply of economic area accessible to let and on the market in Spain. CoStar Group’s web sites appeal to almost 100 million distinctive month-to-month guests. Headquartered in Washington, DC, CoStar Group maintains places of work all through the U.S., Europe, Canada, and Asia. Occasionally, 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 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 world 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 business and residential property markets. For extra data, please go to str.com and costargroup.com.
Haley Luther
Communications Supervisor
+1 (216) 278 0627
STR
