WASHINGTON—U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons remained blended, in response to CoStar’s newest information by Jan. 27, 2024.
U.S. Resort Efficiency
January 21-27, 2024
Proportion change from comparable week in 2023:
Occupancy: 56.2 p.c (down 0.3 p.c)
ADR: $149.76 (up 5.1 p.c)
RevPAR: $84.13 (up 4.8 p.c)
Among the many Prime 25 Markets, Las Vegas noticed the biggest year-over-year will increase in every of the three key efficiency metrics: occupancy (up 28.9 p.c to 83.4 p.c), ADR (up 46.3 p.c to $228.37), and RevPAR (up 88.5 p.c to $190.42). The market’s efficiency was pushed by the SHOT Present and World of Concrete.
Helped by the AHR Expo, Chicago reported the second-highest jumps in occupancy (up 25.5 p.c to 56.8 p.c), ADR (up 21.2 p.c to $140.49), and RevPAR (up 52.1 p.c to $79.74).
The steepest RevPAR declines had been seen in Atlanta (down 17.6 p.c to $75.46) and Dallas (down 13.4 p.c to $84.06).
