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WASHINGTON – Persevering with seasonal patterns, U.S. lodge efficiency confirmed blended outcomes from the earlier week, in line with CoStar’s newest knowledge by way of 9 September.
3-9 September 2023 (proportion change from comparable week in 2022):
- Occupancy: 60.3% (-1.9%)
- Common every day price (ADR): US$150.66 (+1.8%)
- Income per accessible room (RevPAR): US$90.86 (-0.1%)
Among the many High 25 Markets, Denver noticed the most important year-over-year will increase in every of the important thing efficiency metrics: occupancy (+8.0% to 76.3%), ADR (+12.5% to US$163.16) and RevPAR (+21.4% to US$124.56).
Helped by the US Open and New York Style Week, New York Metropolis posted the second-highest jumps in ADR (+11.5% to US$348.39) and RevPAR (+15.1% to US$308.83).
St. Louis noticed the steepest RevPAR decline (-19.8% to US$60.02).
For extra details about the corporate and its services and products, please go to www.costargroup.com.
Further Efficiency Information: CoStar’s world-leading lodge efficiency pattern includes 78,000 properties and 10.3 million rooms across the globe. Members of the media ought to consult with the contacts listed beneath for added knowledge requests.
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 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.
Haley Luther
Communications Supervisor
+1 (216) 278 0627
STR
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