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U.S. Lodge Efficiency for Week Ending December thirtieth

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U.S. Lodge Efficiency for Week Ending December thirtieth

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  • Among the many High 25 Markets, Miami noticed the most important year-over-year enhance 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.    

U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons have been skewed downward as a consequence of a calendar shift, in keeping with CoStar’s newest knowledge via 30 December.
 
24-30 December 2023 (share change from comparable week in 2022)

  • Occupancy: 50.1% (-7.1%)
  • Common each day charge (ADR): US$163.58 (-2.8%)
  • Income per accessible room (RevPAR): US$82.01 (-9.7%)  

Yr-over-year comparisons have been unfavourable because the comparable week from 2022 (25 December-31 December) ended with New Yr’s Eve. 

Among the many High 25 Markets, Miami noticed the most important year-over-year enhance 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 positive factors 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).

CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets. For extra details about the corporate and its services and products, please go to www.costargroup.com.

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