WASHINGTON – The U.S. lodge trade reported greater efficiency outcomes from the earlier month, in keeping with September 2023 from CoStar. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
September 2023 (share change from September 2022):
- Occupancy: 66.2% (-0.5%)
- Common every day price (ADR): US$160.18 (+3.5%)
- Income per obtainable room (RevPAR): US$106.07 (+2.9%)
Among the many Prime 25 Markets, New York Metropolis skilled the very best occupancy degree (87.6%), which was up 1.6% yr over yr.
Markets with the bottom occupancy for the month included New Orleans (53.0%) and Houston (59.5%).
The Prime 25 Markets confirmed greater occupancy and ADR than all different markets.
For extra details about the corporate and its services, please go to www.costargroup.com.
Extra Efficiency Knowledge: 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 confer with the contacts listed beneath for extra knowledge requests.
About STR
STR gives 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 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 industrial and residential property markets. For extra info, please go to str.com and costargroup.com.
Haley Luther
Communications Supervisor
+1 (216) 278 0627
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