Following seasonal patterns, U.S. hotel efficiency decreased from the previous week however revealed most favorable contrasts year over year, according to CoStar's newest information through 19 August. CoStar is a leading supplier of online realty markets, details and analytics in the home markets.
13-19 August 2023 (portion modification from similar week in 2022):
- Tenancy: 67.0% (-0.1%)
- Typical day-to-day rate (ADR): US$ 154.10 (+1.8%)
- Earnings per readily available space (RevPAR): US$ 103.22 (+1.8%)
Amongst the Top 25 Markets, San Francisco saw the biggest year-over-year tenancy boost (+8.2% to 76.9%).
New York City published the greatest ADR (+10.7% to US$ 256.33) and RevPAR (+19.7% to US$ 214.86) boosts.
Orlando saw the steepest RevPAR decrease (-8.0% to US$ 89.94).
Of note, beyond the Top 25 Markets, Maui Island reported substantial year-over-year decreases in tenancy (-27.6% to 49.0%) and RevPAR (-40.8% to US$ 249.49). An additional breakdown of the wildfire effect will be consisted of in the next STR Weekly Insights released on Friday, 25 August.
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