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.
For additional information about the business and its services and products, please check out www.costargroup.com.
