U.S. lodge efficiency was expectedly decrease from the earlier week, however year-over-year comparisons have been optimistic, in line with CoStar’s newest knowledge by 16 December. CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets.
10-16 December 2023 (share change from comparable week in 2022)
- Occupancy: 54.7% (+1.1%)
- Common every day charge (ADR): US$142.62 (+4.7%)
- Income per out there room (RevPAR): US$77.99 (+5.8%)
Among the many Prime 25 Markets, San Francisco noticed the most important year-over-year will increase in every of the three key efficiency metrics: occupancy (+32.0% to 70.2%), ADR (+21.5% to US$223.78) and RevPAR (+60.3% to US$157.14).
The steepest RevPAR declines have been seen in Chicago (-13.5% to US$64.61) and Washington, D.C. (-6.7% to US$90.28).
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 business. Based in 1985, STR maintains a presence in 15 international locations 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 industrial and residential property markets. For extra data, please go to str.com and costargroup.com.
