The U.S. lodge trade reported decrease efficiency outcomes from the earlier month however optimistic comparisons yr over yr, in accordance with August 2024 knowledge from CoStar. CoStar is a number one supplier of on-line actual property marketplaces, info, and analytics within the property markets.
August 2024 (proportion change from August 2023):
- Occupancy: 66.9% (+1.5%)
- Common day by day charge (ADR): US$157.84 (+2.3%)
- Income per obtainable room (RevPAR): US$105.67 (+3.9%)
Among the many High 25 Markets, New York Metropolis skilled the very best occupancy degree (+5.2% to 87.3%).
Markets with the bottom occupancy for the month included New Orleans (54.1%) and Phoenix (58.4%).
The High 25 Markets confirmed greater occupancy and ADR than all different markets.
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Further Efficiency Knowledge
CoStar’s world-leading lodge efficiency pattern contains 85,000 properties and 11 million rooms across the globe. Members of the media ought to seek advice from the contacts listed under for added knowledge requests.
