WASHINGTON—U.S. resort efficiency decreased from the earlier week, whereas year-over-year comparisons improved, in accordance with CoStar’s newest information via Jan. 6, 2024.
U.S. Resort Efficiency
December 31, 2023-January 6, 2024
Share change from comparable week in 2023:
Occupancy: 46.8 % (down 0.7 %)
ADR: $152.17 (up 7.2 %)
RevPAR: $71.28 (up 6.4 %)
Among the many High 25 Markets, New Orleans noticed the biggest year-over-year will increase in every of the three key efficiency metrics: occupancy (up 36.5 % to 61.2 %), ADR (up 43.5 % to $211.90), and RevPAR (up 95.9 % to $129.62). The market’s efficiency was helped by the Sugar Bowl, FAN EXPO New Orleans, and a number of Mardi Gras parades.
Helped by New 12 months’s Eve, New York Metropolis posted the second-highest positive aspects in ADR (up 33.6 % to $260.35) and RevPAR (up 49.9 % to $189.85).
The steepest RevPAR declines had been seen in Las Vegas (down 38.3 % to $124.81) and Dallas (down 18.6 % to $49.03).
