U.S. resort outcomes for week ending 21 December

WASHINGTON — The U.S. resort trade reported optimistic year-over-year efficiency comparisons, in line with CoStar’s newest information by way of 21 December. CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets.

Progress was elevated as a result of Hannukah calendar shift in addition to the compressed enterprise journey interval between Thanksgiving and Christmas. As anticipated, precise ranges had been considerably decrease than the prior week due to the seasonal slowdown.

15-21 December 2024 (share change from comparable week in 2023):

• Occupancy: 48.9% (+11.4%)
• Common day by day price (ADR): US$135.79 (+2.7%)
• Income per accessible room (RevPAR): US$66.36 (+14.3%)

Among the many High 25 Markets, Tampa reported the biggest year-over-year will increase in occupancy (+37.9% to 71.5%) and RevPAR (+63.8% to US$110.51). The market has been among the many nationwide efficiency progress leaders in latest months due partly to hurricane restoration demand.

New York Metropolis as soon as once more reported the best ADR raise (+20.1% to US$351.39).

Oahu Island was the one main market with decreases in every of the three key metrics: occupancy (-4.0% to 66.4%), ADR (-16.7% to US$259.60) and RevPAR (-20.0% to US$172.27).

For extra details about the corporate and its services and products, please go to www.costargroup.com.

Extra Efficiency Knowledge

CoStar’s world-leading resort efficiency pattern includes 85,000 properties and 11 million rooms across the globe. Members of the media ought to discuss with the contacts listed beneath for added information requests.

About CoStar Group, Inc.

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 keep 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 in search of nice condominium properties, offering property managers and homeowners a confirmed platform for advertising and marketing their properties. LoopNet is probably the most closely trafficked on-line business actual property market with 13 million common month-to-month international distinctive guests. STR gives premium information benchmarking, analytics, and market insights for the worldwide hospitality trade. Ten-X provides 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, consumers, and sellers. OnTheMarket is a number one residential property portal in the UK. 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 Each day is Germany’s largest on-line information pool in the actual property trade. Belbex is the premier supply of economic area accessible to let and on the market in Spain. CoStar Group’s web sites attracted over 163 million common month-to-month distinctive guests within the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains workplaces all through the U.S., Europe, Canada, and Asia. Every so often, 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.

This information launch consists of “forward-looking statements” together with, with out limitation, statements relating to CoStar’s expectations or beliefs relating to the longer term. These statements are based mostly upon present beliefs and are topic to many dangers and uncertainties that might trigger precise outcomes to vary materially from these statements. The next components, amongst others, might trigger or contribute to such variations: the chance that future media occasions won’t maintain a rise in future occupancy charges. Extra details about potential components that might trigger outcomes to vary materially from these anticipated within the forward-looking statements embody, however will not be restricted to, these said in CoStar’s filings every so often with the Securities and Trade Fee, together with in CoStar’s Annual Report on Type 10-Okay for the 12 months ended December 31, 2023 and Types 10-Q for the quarterly durations ended March 31, 2024, June 30, 2024, and September 30, 2023, every of which is filed with the SEC, together with within the “Threat Components” part of these filings, in addition to CoStar’s different filings with the SEC accessible on the SEC’s web site (www.sec.gov). All forward-looking statements are based mostly on data accessible to CoStar on the date hereof, and CoStar assumes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case.

Haley Luther
Communications Supervisor
+1 (216) 278 0627
STR