U.S. Lodge Efficiency for Week Ending June twenty ninth

The U.S. lodge trade reported increased efficiency outcomes from the earlier week and optimistic comparisons 12 months over 12 months, in keeping with CoStar’s newest knowledge by way of 29 June.

23-29 June 2024 (proportion change from comparable week in 2023):

• Occupancy: 71.9% (+3.2%)
• Common each day price (ADR): US$162.81 (+3.6%)
• Income per out there room (RevPAR): US$117.13 (+6.9%)

Among the many High 25 Markets, Minneapolis noticed the highest year-over-year will increase in every of the three key efficiency metrics: occupancy (+20.1% to 74.8%), ADR (+15.7% to US$150.42) and RevPAR (+39.0% to US$112.46). The market’s efficiency was helped by the U.S. Olympic Gymnastics Trials and the Twin Cities Satisfaction Parade.  

The steepest RevPAR declines have been seen in New Orleans (-30.6% to US$82.54), Denver (-8.2% to US$159.00) and Philadelphia (-8.2% to US$110.22)

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