U.S. Lodge Outcomes for Week Ending 9 December
WASHINGTON – U.S. lodge efficiency elevated from the earlier week, based on CoStar’s newest knowledge via 9 December. CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets.
3-9 December 2023 (proportion change from comparable week in 2022):
Occupancy: 58.7% (-1.1%)
Common each day charge (ADR): US$153.36 (+4.5%)
Income per accessible room (RevPAR): US$89.98 (+3.3%)
Among the many Prime 25 Markets, Boston
noticed the biggest year-over-year occupancy enhance (+14.1% to 72.7%).
Helped by Miami Artwork Week and Artwork Basel, Miami reported the biggest lifts in ADR (+48.8% to US$314.55) and RevPAR (+67.0% to US$262.16).
The steepest RevPAR declines had been seen in New Orleans (-26.8% to US$97.72) and Philadelphia (-20.3% to US$84.24).
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 under for added knowledge requests.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a number one supplier of on-line actual property marketplaces, data, and analytics within the property markets. Based in 1987, CoStar Group conducts expansive, ongoing analysis to supply and preserve the biggest and most complete database of actual property data. CoStar is the worldwide chief in business actual property data, analytics, and information, enabling purchasers to investigate, interpret and achieve unmatched perception on property values, market circumstances and availabilities. Flats.com is the main on-line market for renters looking for nice house properties, offering property managers and homeowners a confirmed platform for advertising their properties. LoopNet is probably the most closely trafficked on-line business actual property market with over twelve million month-to-month international distinctive guests. STR supplies premium knowledge benchmarking, analytics, and market insights for the worldwide hospitality business. Ten-X affords a number one platform for conducting business actual property on-line auctions and negotiated bids. Houses.com is the quickest rising on-line residential market that connects brokers, patrons, and sellers. BureauxLocaux is without doubt one of the largest specialised property portals for getting and leasing business actual property in France. Enterprise Immo is France’s main business actual property information service. Thomas Day by day is Germany’s largest on-line knowledge pool in the actual property business. Belbex is the premier supply of economic house accessible to let and on the market in Spain. CoStar Group’s web sites entice over 160 million distinctive month-to-month guests. Headquartered in Washington, DC, CoStar Group maintains workplaces all through the U.S., Europe, Canada, and Asia. Occasionally, we plan to make the most of our company web site, CoStarGroup.com, as a channel of distribution for materials firm data. For extra data, go to CoStarGroup.com.
Haley Luther
Communications Supervisor
+1 (216) 278 0627
STR
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