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U.S. lodge efficiency confirmed combined year-over-year comparisons, in accordance with CoStar’s newest knowledge by 18 November. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
12-18 November 2023 (share change from comparable week in 2022)
- Occupancy: 62.4% (-0.6%)
- Common day by day price (ADR): US$156.47 (+7.0%)
- Income per out there room (RevPAR): US$97.61 (+6.3%)
Among the many High 25 Markets, Boston noticed the biggest year-over-year occupancy raise (+11.0% to 77.2%).
Helped by the System 1 Las Vegas Grand Prix, Las Vegas posted the biggest will increase in ADR (+81.9% to US$350.57) and RevPAR (+58.9% to US$249.29). Regardless of the occasion, the market reported the steepest occupancy decline (-12.7% to 71.1%).
The steepest RevPAR declines have been seen in Tampa (-10.4% to US$100.58) and San Diego (-8.1% to US$128.12).
For extra details about the corporate and its services, please go to www.costargroup.com.
About STR
STR offers premium knowledge benchmarking, analytics and market insights for the worldwide hospitality trade. 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, info and analytics within the industrial and residential property markets. For extra info, please go to str.com and costargroup.com.
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