U.S. resort outcomes for week ending 30 December

WASHINGTON – U.S. resort efficiency increased from the previous week, while year-over-year comparisons own been skewed downward due to a calendar shift, consistent with CoStar’s most smartly-liked recordsdata thru 30 December. CoStar is a leading provider of online exact estate marketplaces, data and analytics in the property markets.

24-30 December 2023 (share switch from comparable week in 2022):

• Occupancy: 50.1% (-7.1%)
• Average day after day fee (ADR): US$163.58 (-2.8%)
• Earnings per readily available room (RevPAR): US$82.01 (-9.7%)

Yr-over-year comparisons own been harmful as the comparable week from 2022 (25 December-31 December) ended with Original Yr’s Eve.

Among the many Top 25 Markets, Miami saw the greatest year-over-year amplify in occupancy (+3.9% to 79.6%). The market’s efficiency used to be helped by the Capital One Orange Bowl and Original Yr’s Eve weekend.

Anaheim posted the supreme gains in ADR (+11.9% to US$219.71) and RevPAR (+12.5% to US$160.25).

The steepest RevPAR declines own been considered in Las Vegas (-28.3% to US$112.79) and Nashville (-27.0% to US$80.19).

For more data about the corporate and its merchandise and products and services, please trail to www.costargroup.com.

Extra Performance Records: CoStar’s world-leading resort efficiency sample comprises 80,000 properties and 10.5 million rooms around the globe. Participants of the media must aloof focus on over with the contacts listed under for extra recordsdata requests.

About CoStar Community

CoStar Community (NASDAQ: CSGP) is a leading provider of online exact estate marketplaces, data, and analytics in the property markets. Founded in 1987, CoStar Community conducts mountainous, ongoing analysis to perform and protect the greatest and most comprehensive database of exact estate data. CoStar is the worldwide chief in industrial exact estate data, analytics, and data, enabling purchasers to analyze, account for and attain unmatched insight on property values, market circumstances and availabilities. Residences.com is the leading online marketplace for renters looking out for distinguished house homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most carefully trafficked online industrial exact estate market with over twelve million month-to-month global odd traffic. STR presents premium recordsdata benchmarking, analytics, and market insights for the worldwide hospitality industry. Ten-X presents a leading platform for conducting industrial exact estate online auctions and negotiated bids. Properties.com is the fastest rising online residential market that connects agents, merchants, and sellers. BureauxLocaux is with out a doubt one of the greatest specialised property portals for having a gape and leasing industrial exact estate in France. Business Immo is France’s leading industrial exact estate recordsdata provider. Thomas Daily is Germany’s largest online recordsdata pool in the exact estate industry. Belbex is the premier source of business house readily available to let and on the market in Spain. CoStar Community’s internet sites attract over 160 million odd month-to-month traffic. Headquartered in Washington, DC, CoStar Community maintains places of work finally of the U.S., Europe, Canada, and Asia. On occasion, we knowing to perform the most of our corporate internet page, CoStarGroup.com, as a channel of distribution for cloth company data. For more data, trail to CoStarGroup.com.

About STR

STR presents premium recordsdata benchmarking, analytics and market insights for the worldwide hospitality industry. Founded in 1985, STR maintains a presence in 15 international locations with a North American headquarters in Hendersonville, Tennessee, an world headquarters in London, and an Asia Pacific headquarters in Singapore. STR used to be received in October 2019 by CoStar Community, Inc. (NASDAQ: CSGP), a leading provider of online exact estate marketplaces, data and analytics in the industrial and residential property markets. For more data, please trail to str.com and costargroup.com.

Haley Luther
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