The U.S. resort business reported larger efficiency outcomes than the earlier week however decrease comparisons 12 months over 12 months, in accordance with CoStar’s newest knowledge by 13 July. CoStar is a number one supplier of on-line actual property marketplaces, info and analytics within the property markets.
7-13 July 2024 (share change from comparable week in 2023):
- Occupancy: 69.2% (-3.7%)
- Common each day price (ADR): US$158.21 (-1.5%)
- Income per out there room (RevPAR): US$109.51 (-5.2%)
Among the many High 25 Markets, Houston noticed the very best year-over-year will increase in every of the three key efficiency metrics: occupancy (+13.4% to 72.2%), ADR (+22.4% to US$137.17) and RevPAR (+38.8% to US$98.97). The market’s efficiency was impacted by the consequences of Hurricane Beryl.
The steepest RevPAR declines had been seen in Denver (-29.4% to US$125.40) and San Diego (-26.7% to US$188.40).
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