WASHINGTON – U.S. lodge efficiency elevated from the earlier week, in accordance with CoStar’s newest knowledge by 9 December. CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets.
3-9 December 2023 (share change from comparable week in 2022):
- Occupancy: 58.7% (-1.1%)
- Common day by day price (ADR): US$153.36 (+4.5%)
- Income per obtainable room (RevPAR): US$89.98 (+3.3%)
Among the many Prime 25 Markets, Boston
noticed the biggest year-over-year occupancy enhance (+14.1% to 72.7%).
Helped by Miami Artwork Week and Artwork Basel, Miami reported the biggest lifts in ADR (+48.8% to US$314.55) and RevPAR (+67.0% to US$262.16).
The steepest RevPAR declines had been seen in New Orleans (-26.8% to US$97.72) and Philadelphia (-20.3% to US$84.24).
For extra details about the corporate and its services, please go to www.costargroup.com.
Extra Efficiency Information
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 under 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 provide and keep 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 circumstances and availabilities. Flats.com is the main on-line market for renters searching for nice residence houses, offering property managers and house owners a confirmed platform for advertising their properties. LoopNet is probably 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 gives 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, patrons, and sellers. BureauxLocaux is among 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 Every day is Germany’s largest on-line knowledge pool in the true property trade. Belbex is the premier supply of business area obtainable 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. Every now and then, 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.
Haley Luther
Communications Supervisor
+1 (216) 278 0627
STR