WASHINGTON—U.S. lodge efficiency elevated from the earlier week, whereas year-over-year comparisons have been skewed downward resulting from a calendar shift, in response to CoStar’s newest information by way of Dec. 30, 2023.
U.S. Lodge Efficiency
December 24-30, 2023
Share change from comparable week in 2022:
Occupancy: 50.1 % (down 7.1 %)
ADR: $163.58 (down 2.8 %)
RevPAR: $82.01 (down 9.7 %)
12 months-over-year comparisons have been damaging because the comparable week from 2022 (Dec. 25-Dec. 31) ended with New 12 months’s Eve.
Among the many High 25 Markets, Miami noticed the most important year-over-year improve in occupancy (up 3.9 % to 79.6 %). The market’s efficiency was helped by the Capital One Orange Bowl and New 12 months’s Eve weekend.
Anaheim posted the best good points in ADR (up 11.9 % to $219.71) and RevPAR (up 12.5 % to $160.25).
The steepest RevPAR declines have been seen in Las Vegas (down 28.3 % to $112.79) and Nashville (down 27.0 % to $80.19).
