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WASHINGTON – Following seasonal patterns, U.S. resort efficiency declined from the earlier week however confirmed optimistic comparisons 12 months over 12 months, based on CoStar’s newest knowledge by way of 26 August. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
20-26 August 2023 (proportion change from comparable week in 2022):
- Occupancy: 65.0% (+0.4%)
- Common each day price (ADR): US$150.23 (+1.7%)
- Income per accessible room (RevPAR): US$97.62 (+2.1%)
Among the many High 25 Markets, Las Vegas noticed the most important year-over-year occupancy enhance (+7.9% to 76.3%).
Houston posted the best ADR (+10.5% to US$112.08) and RevPAR (+17.8% to US$64.45) will increase.
Miami noticed the steepest RevPAR decline (-11.0% to US$102.75).
Of notice, exterior of the High 25 Markets, Maui Island reported increased efficiency from the week prior, however nonetheless confirmed vital year-over-year declines in occupancy (-17.1% to 53.6%) and RevPAR (-26.7% to US$271.21). An extra breakdown of the wildfire affect might be included within the subsequent STR Weekly Insights printed on Friday, 1 September.
For extra details about the corporate and its services, please go to www.costargroup.com.
Extra Efficiency Information: CoStar’s world-leading resort efficiency pattern includes 78,000 properties and 10.3 million rooms across the globe. Members of the media ought to discuss with the contacts listed beneath for extra 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 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 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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