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Amongst the Top 25 Markets, Houston saw the greatest year-over-year boosts in tenancy (+28.1% to 75.8%) and RevPAR (+45.7% to US$ 93.88). – Image Credit Unsplash+
The U.S. hotel market reported a little favorable contrasts year over year, according to CoStar's most current information through 3 August.
28 July through 3 August 2024 (portion modification from similar week in 2023):
- Tenancy: 69.4% (+0.8%)
- Typical day-to-day rate (ADR): US$ 159.63 (+0.6%)
- Income per readily available space (RevPAR): US$ 110.84 (+1.3%)
Amongst the Top 25 Markets, Houston saw the greatest year-over-year boosts in tenancy (+28.1% to 75.8%) and RevPAR (+45.7% to US$ 93.88).
Houston (+13.7% to US$ 123.82) and Philadelphia (+13.7% to US$ 161.02) matched for the biggest lift in ADR.
The steepest RevPAR decreases were seen in Anaheim(-12.0% to US$ 171.55) and Los Angeles (-10.7% to US$ 158.64).
CoStar is a leading company of online realty markets, details and analytics in the home markets. For additional information about the business and its product or services, please check out www.costargroup.com.
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