U.S. Lodge Efficiency for Week Ending February seventeenth

U.S. resort efficiency elevated from the earlier week, whereas year-over-year comparisons remained blended, in line with CoStar’s newest information by way of 17 February.

11-17 February 2024 (share change from comparable week in 2023):

• Occupancy: 59.2% (-2.5%)
• Common day by day price (ADR): US$162.24 (+4.2%)
• Income per accessible room (RevPAR): US$96.10 (+1.6%)

Among the many High 25 Markets, Boston (+14.6% to 64.7%) and New Orleans (+14.6% to 75.7%) matched for the biggest enhance in occupancy. Mardi Gras drove New Orleans’ occupancy enhance.

Because of Tremendous Bowl LVIII, Las Vegas reported the best jumps in ADR (+76.7% to US$318.88) and RevPAR (+81.4% to US$257.72). Weekly occupancy grew 2.7% to 80.8%. On Sunday evening, Las Vegas occupancy topped 80%, and ADR reached increased than US$800.

Phoenix reported the steepest RevPAR decline (-21.6% to US$173.63) due to comparability to its Tremendous Bowl host interval final 12 months.  

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