WASHINGTON – U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons have been skewed downward as a result of a calendar shift, in line with CoStar’s newest knowledge via 30 December. CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets.
24-30 December 2023 (share change from comparable week in 2022):
- Occupancy: 50.1% (-7.1%)
- Common every day charge (ADR): US$163.58 (-2.8%)
- Income per out there room (RevPAR): US$82.01 (-9.7%)
Yr-over-year comparisons have been destructive because the comparable week from 2022 (25 December-31 December) ended with New Yr’s Eve.
Among the many Prime 25 Markets, Miami noticed the most important year-over-year improve in occupancy (+3.9% to 79.6%). The market’s efficiency was helped by the Capital One Orange Bowl and New Yr’s Eve weekend.
Anaheim posted the best features in ADR (+11.9% to US$219.71) and RevPAR (+12.5% to US$160.25).
The steepest RevPAR declines have been seen in Las Vegas (-28.3% to US$112.79) and Nashville (-27.0% to US$80.19).
For extra details about the corporate and its services, please go to www.costargroup.com.
Further Efficiency Information: CoStar’s world-leading lodge efficiency pattern contains 80,000 properties and 10.5 million rooms across the globe. Members of the media ought to discuss with the contacts listed beneath for extra 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 provide and preserve the most important and most complete database of actual property data. CoStar is the worldwide chief in business actual property data, analytics, and information, enabling shoppers to investigate, interpret and achieve unmatched perception on property values, market situations and availabilities. Flats.com is the main on-line market for renters searching for nice condo properties, offering property managers and house owners a confirmed platform for advertising and marketing 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 offers premium knowledge benchmarking, analytics, and market insights for the worldwide hospitality business. Ten-X presents a number one platform for conducting business actual property on-line auctions and negotiated bids. Properties.com is the quickest rising on-line residential market that connects brokers, patrons, and sellers. BureauxLocaux is among the largest specialised property portals for purchasing and leasing business actual property in France. Enterprise Immo is France’s main business 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 business area out there to let and on the market in Spain. CoStar Group’s web sites entice over 160 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. Sometimes, 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 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.
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