WASHINGTON—As anticipated, the U.S. lodge trade reported decrease efficiency outcomes from the earlier month however improved year-over-year comparisons, based on November 2023 information from CoStar.
U.S. Resort Efficiency
November 2023
Share change from November 2022:
Occupancy: 58.4 p.c (down 1.2 p.c)
ADR: $151.23 (up 3.6 p.c)
RevPAR: $88.36 (up 2.4 p.c)
Among the many High 25 Markets, New York Metropolis skilled the very best occupancy stage (84.0 p.c), which was up 6.3 p.c yr over yr.
Markets with the bottom occupancy for the month included Minneapolis (49.1 p.c) and St. Louis (53.2 p.c).
The High 25 Markets confirmed larger occupancy and ADR than all different markets.
