Home Hotel Industry Finance & Development December 2024 Reveals Blended Efficiency Outcomes

December 2024 Reveals Blended Efficiency Outcomes

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December 2024 Reveals Blended Efficiency Outcomes

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WASHINGTON—The U.S. lodge trade reported combined efficiency outcomes from the earlier month, in line with December 2024 knowledge from CoStar.

U.S. Lodge Efficiency
December 2024
Share change from December 2023
Occupancy: 53.2 % (up 1.1 %)
ADR: $156.67 (up 3.3 %)
RevPAR: $83.30 (up 4.4 %)

Among the many Prime 25 Markets, New York Metropolis skilled the best occupancy degree (up 1.4 % to 87.9 %).

Markets with the bottom occupancy for the month included Minneapolis (46.1 %) and Detroit (47.5 %).

The Prime 25 Markets confirmed increased occupancy and ADR than all different markets.

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