WASHINGTON – Persevering with seasonal patterns, U.S. resort efficiency confirmed blended outcomes from the earlier week, based on CoStar’s newest knowledge by 9 September.
3-9 September 2023 (share change from comparable week in 2022):
- Occupancy: 60.3% (-1.9%)
- Common every day fee (ADR): US$150.66 (+1.8%)
- Income per out there 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).
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Further Efficiency Knowledge: CoStar’s world-leading resort 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.
STR gives premium knowledge benchmarking, analytics and market insights for the worldwide hospitality trade. Based in 1985, STR maintains a presence in 15 nations 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.