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In its Tremendous Bowl host week, Las Vegas reported the very best jumps in ADR (+126.1% to US$445.05) and RevPAR (+139.9% to US$335.61).
U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons remained blended, in accordance with CoStar’s newest knowledge by way of 10 February.
U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons remained blended, in accordance with CoStar’s newest knowledge by way of 10 February.
4-10 February 2024 (proportion change from comparable week in 2023):
- Occupancy: 56.2% (-2.7%)
- Common each day charge (ADR): US$160.96 (+6.8%)
- Income per obtainable room (RevPAR): US$90.40 (+3.9%)
Among the many High 25 Markets, Oahu Island noticed the most important improve in occupancy (+8.0% to 82.9%).
In its Tremendous Bowl host week, Las Vegas reported the very best jumps in ADR (+126.1% to US$445.05) and RevPAR (+139.9% to US$335.61). Weekly occupancy grew 6.1% to 75.4%. On Friday and Saturday nights, Las Vegas’ occupancy topped 80%, and ADR ballooned to greater than US$700.
Though Phoenix hosted the WM Open, the market reported the steepest RevPAR decline (-33.9% to US$198.13) due to comparability to its Tremendous Bowl host interval final 12 months.
CoStar is a number one supplier of on-line actual property marketplaces, data and analytics within the property markets. For extra details about the corporate and its services and products, please go to www.costargroup.com.
