U.S. hotel efficiency revealed blended results over the previous week, according to CoStar’s newest information through 24 February. CoStar is a leading serviceprovider of online genuine estate markets, details and analytics in the residentialorcommercialproperty markets.
18-24 February 2024 (percentage modification from similar week in 2023):
- Occupancy: 62.0% (-3.3%)
- Average everyday rate (ADR): UnitedStates$156.62 (+0.3%)
- Revenue per offered space (RevPAR): UnitedStates$97.12 (-2.9%)
Among the Top 25 Markets, Minneapolis reported the biggest year-over-year tenancy boost (+4.5