WASHINGTON—The U.S. lodge business reported constructive year-over-year efficiency comparisons, in accordance with CoStar’s newest knowledge by Dec. 21, 2024. Progress was elevated because of the Hannukah calendar shift and the compressed enterprise journey interval between Thanksgiving and Christmas. As anticipated, precise ranges have been considerably decrease than the prior week due to the seasonal slowdown.
| U.S Lodge Efficiency |
| December 15-21, 2024 |
| Proportion change from comparable week in 2023 |
| Occupancy: 48.9 p.c (up 11.4 p.c) |
| ADR: $135.79 (up 2.7 p.c) |
| RevPAR: $66.36 (up 14.3 p.c) |
Among the many High 25 Markets, Tampa reported the biggest year-over-year will increase in occupancy (up 37.9 p.c to 71.5 p.c) and RevPAR (up 63.8 p.c to $110.51). The market has been among the many nationwide efficiency progress leaders in current months due partly to hurricane restoration demand.
New York Metropolis as soon as once more reported the best ADR carry (up 20.1 p.c to $351.39).
Oahu Island was the one main market with decreases in every of the three key metrics: occupancy (down 4.0 p.c to 66.4 p.c), ADR (down 16.7 p.c to $259.60), and RevPAR (down 20.0 p.c to $172.27).
