U.S. lodge efficiency was expectedly decrease from the earlier week, however year-over-year comparisons have been optimistic, in accordance with CoStar’s newest information by means of 16 December. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
10-16 December 2023 (proportion change from comparable week in 2022)
- Occupancy: 54.7% (+1.1%)
- Common each day price (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 and products, please go to www.costargroup.com.
About STR
STR gives premium information 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 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.