- CoStar’s knowledge reveals a year-over-year dip in U.S. lodge business efficiency for the week ending twenty eighth December 2024.
- Among the many high 25 markets, Tampa showcases a promising pattern with important will increase in occupancy and RevPAR.
In accordance with the most recent knowledge from CoStar, the U.S. lodge business skilled a downturn within the final week of 2024, with a year-over-year lower in occupancy, common day by day fee (ADR), and income per obtainable room (RevPAR). The occupancy fee slipped by 4.9% to 47.7%, whereas the ADR fell 1.7% to US$160.96. The RevPAR noticed a extra important drop of 6.5% to US$76.83.
Nevertheless, amidst the nationwide decline, Tampa emerged as a promising market. It reported a notable improve in occupancy of 16.3%, reaching 74.0%. Its RevPAR additionally surged by 22.6% to US$124.36, marking the one double-digit improve among the many high 25 U.S. markets. Houston additionally confirmed a constructive pattern with the very best ADR carry of 5.6% to US$97.82.
Then again, Nashville and Atlanta skilled the steepest declines in RevPAR, falling to US$51.68 and US$40.05, respectively. The report signifies a tricky year-end for the lodge business, with only some markets managing to buck the pattern.
