WASHINGTON – U.S. lodge efficiency decreased from the earlier week however confirmed optimistic year-over-year comparisons, in line with CoStar’s newest information by 28 October. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
22-28 October 2023 (share change from comparable week in 2022):
- Occupancy: 66.0% (+0.7%)
- Common day by day price (ADR): US$160.89 (+3.9%)
- Income per obtainable room (RevPAR): US$106.16 (+4.6%)
Among the many High 25 Markets, Minneapolis noticed the biggest year-over-year carry in occupancy (+12.7% to 64.5%).
New York Metropolis posted the best ADR enhance (+12.7% to US$365.05).
San Francisco reported the biggest soar in RevPAR (+22.7% to US$178.32).
Tampa noticed the steepest RevPAR decline (-16.9% to US$98.63).
For extra details about the corporate and its services and products, please go to www.costargroup.com.
Further 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 seek advice from the contacts listed beneath for extra information requests.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a number one supplier of on-line actual property marketplaces, info, 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 info. CoStar is the worldwide chief in business actual property info, analytics, and information, enabling shoppers to investigate, interpret and achieve unmatched perception on property values, market circumstances and availabilities. Residences.com is the main on-line market for renters looking for nice condo houses, offering property managers and homeowners a confirmed platform for advertising and marketing their properties. LoopNet is essentially the most closely trafficked on-line business actual property market with over twelve million month-to-month international distinctive guests. STR supplies premium information benchmarking, analytics, and market insights for the worldwide hospitality trade. Ten-X gives 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 Each day is Germany’s largest on-line information pool in the true property trade. Belbex is the premier supply of business area obtainable 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 places of work all through the U.S., Europe, Canada, and Asia. Sometimes, we plan to make the most of our company web site, CoStarGroup.com, as a channel of distribution for materials firm info. For extra info, go to CoStarGroup.com.
* In September 2023, Houses.com surpassed 100 million month-to-month distinctive guests, in line with Google Analytics, exceeding Realtor.com’s 74 million month-to-month common distinctive guests for its fiscal fourth quarter as reported in its earnings launch on August 10, 2023, and Redfin’s 52 million month-to-month common distinctive guests for the quarter ended June 30, 2023 as reported in its Type 10-Q filed August 3, 2023.
STR supplies premium information 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 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 business and residential property markets. For extra info, please go to str.com and costargroup.com.