WASHINGTON—As anticipated forward of the Easter vacation, U.S. resort efficiency decreased from the earlier week, in line with CoStar’s newest knowledge by March 30, 2024.
U.S. Lodge Efficiency
March 24-30, 2024
Share change from comparable week in 2023:
Occupancy: 62.3 % (down 5.6 %)
ADR: $157.14 (down 0.7 %)
RevPAR: $97.83 (down 6.3 %)
Among the many High 25 Markets, New York Metropolis reported the most important year-over-year will increase in every of the three key efficiency metrics: occupancy (up 13.2 % to 88.2 %), ADR (up 14.1 % to $285.98), and RevPAR (up 29.1 % to $252.18).
The steepest RevPAR decline was seen in Houston (down 22.3 % to $68.44) due to comparability to its NCAA Males’s Closing 4 host interval final yr.
