WASHINGTON—Because of the Veteran’s Day calendar shift, the U.S. resort business reported blended year-over-year efficiency comparisons, in accordance with CoStar’s newest information by Nov. 16, 2024.
U.S. Resort Efficiency
November 10-26, 2024
Share change from comparable week in 2023:
Occupancy: 63.3 % (up 1.5 %)
ADR: $154.96 (down 1.1 %)
RevPAR: $98.11 (up 0.4 %)
Among the many Prime 25 Markets, Tampa noticed the most important will increase throughout every of the three key efficiency metrics: occupancy (up 30.3 % to 87.2 %), ADR (up 17.4 % to $176.73), and RevPAR (up 52.9 % to $154.16). The market’s efficiency was attributable to continued displacement demand from Hurricane Milton.
The steepest RevPAR declines have been seen in Las Vegas (down 47.1 % to $136.28) and San Francisco (down 27.8 % to $139.74). Las Vegas’ efficiency was impacted by the Formulation 1 calendar shift.
