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WASHINGTON—The U.S. lodge business reported optimistic year-over-year comparisons, in line with CoStar’s newest information via Oct. 26, 2024.
U.S. Lodge Efficiency
October 20-26, 2024
Proportion change from comparable week in 2023:
Occupancy: 69.0 % (up 4.5 %)
ADR: $168.69 (up 4.6 %)
RevPAR: $116.32 (up 9.3 %)
Among the many Prime 25 Markets, Tampa noticed the biggest occupancy raise (up 28.1 % to 84.2 %), attributable to continued displacement demand from Hurricane Milton.
New Orleans noticed the best will increase in ADR (up 64.1 % to $301.30) and RevPAR (up 77.6 % to $227.24). Taylor Swift’s Eras Tour drove the market’s efficiency.
The steepest RevPAR declines had been in Las Vegas (down 7.9 % to $196.40) and Minneapolis (down 6.5 % to $86.31).