WASHINGTON—U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons remained combined, based on CoStar’s newest knowledge by Feb. 17, 2024.
U.S. Lodge Efficiency
February 11-17, 2024
Share change from comparable week in 2023:
Occupancy: 59.2 % (down 2.5 %)
ADR: $162.24 (up 4.2 %)
RevPAR: $96.10 (up 1.6 %)
Among the many Prime 25 Markets, Boston (up 14.6 % to 64.7 %) and New Orleans (up 14.6 % to 75.7 %) matched for the biggest enhance in occupancy. Mardi Gras drove New Orleans’ occupancy enhance.
Due to Tremendous Bowl LVIII, Las Vegas reported the very best jumps in ADR (up 76.7 % to $318.88) and RevPAR (up 81.4 % to $257.72). Weekly occupancy grew 2.7 % to 80.8 %. On Sunday night time, Las Vegas’ occupancy topped 80 %, and ADR reached increased than $800.
Phoenix reported the steepest RevPAR decline (down 21.6 % to $173.63) due to comparability to its Tremendous Bowl host interval final 12 months.
