WASHINGTON—U.S. lodge efficiency confirmed blended outcomes from the earlier week however optimistic comparisons yr over yr, based on CoStar’s newest information by April 6, 2024.
U.S. Resort Efficiency
March 31-April 6, 2024
Proportion change from comparable week in 2023:
Occupancy: 64.1 % (up 4.7 %)
ADR: $156.96 (up 2.1 %)
RevPAR: $100.59 (up 6.9 %)
Among the many High 25 Markets, Philadelphia reported the biggest year-over-year occupancy carry (up 17.5 % to 66.1 %) and the second-highest jumps in ADR (up 17.3 % to $165.11) and RevPAR (up 37.8 % to $109.10). The market’s efficiency was pushed by WrestleMania 40.
Helped by the NCAA Males’s Remaining 4, Phoenix posted the biggest will increase in ADR (up 24.8 % to $237.38) and RevPAR (up 39.7 % to $184.07).
The steepest RevPAR declines had been seen in Orlando (down 7.7 % to $163.05) and Tampa (down 7.1 % to $162.81).
