WASHINGTON– The U.S. hotel market reported favorable year-over-year efficiency contrasts, according to CoStar’s most current information through Dec. 21, 2024. Development rose due to the Hannukah calendar shift and the compressed company travel duration in between Thanksgiving and Christmas. As anticipated, real levels were considerably lower than the previous week since of the seasonal downturn.
U.S Hotel PerformanceDecember 15-21, 2024Portion modification from equivalent week in 2023Tenancy: 48.9 percent (up 11.4 percent)ADR: $135.79 (up 2.7 percent)RevPAR: $66.36 (up 14.3 percent)
Amongst the Top 25 Markets, Tampa reported the biggest year-over-year boosts in tenancy (up 37.9 percent to 71.5 percent) and RevPAR (up 63.8 percent to $110.51). The marketplace has actually been amongst the nationwide efficiency development leaders in current months due in part to cyclone healing need.
New York City as soon as again reported the greatest ADR lift (up 20.1 percent to $351.39).
Oahu Island was the only significant market with reductions in each of the 3 crucial metrics: tenancy (down 4.0 percent to 66.4 percent), ADR (down 16.7 percent to $259.60), and RevPAR (down 20.0 percent to $172.27).
