WASHINGTON – The U.S. resort business reported larger efficiency outcomes from the earlier month, in accordance with October 2024 knowledge from CoStar. CoStar is a number one supplier of on-line actual property marketplaces, data, and analytics within the property markets.
October 2024 (share change from October 2023):
- Occupancy: 67.3% (+2.3%)
- Average each day fee (ADR): US$164.86 (+1.8%)
- Revenue per accessible room (RevPAR): US$110.94 (+4.1%)
Among the Top 25 Markets, New York City skilled the very best occupancy stage (+4.6% to 91.0%).
Markets with the bottom occupancy for the month included St. Louis (61.7%) and Minneapolis (63.1%).
The Top 25 Markets confirmed larger occupancy and ADR than all different markets.
For extra details about the corporate and its services, please go to www.costargroup.com.
Additional Performance Data
CoStar’s world-leading resort efficiency pattern contains 85,000 properties and 11 million rooms across the globe. Members of the media ought to seek advice from the contacts listed beneath for extra knowledge requests.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a number one supplier of on-line actual property marketplaces, data, and analytics within the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing analysis to provide and keep the biggest and most complete database of actual property data. CoStar is the worldwide chief in business actual property data, analytics, and information, enabling purchasers to investigate, interpret and acquire unmatched perception on property values, market situations and availabilities. Apartments.com is the main on-line market for renters looking for nice residence properties, offering property managers and house owners a confirmed platform for advertising their properties. LoopNet is probably the most closely trafficked on-line business actual property market with 13 million common month-to-month international distinctive guests. STR gives premium knowledge benchmarking, analytics, and market insights for the worldwide hospitality business. Ten-X provides a number one platform for conducting business actual property on-line auctions and negotiated bids. Homes.com is the quickest rising on-line residential market that connects brokers, consumers, and sellers. OnTheMarket is a number one residential property portal within the United Kingdom. BureauxLocaux is likely one of the largest specialised property portals for getting and leasing business actual property in France. Business Immo is France’s main business actual property information service. Thomas Daily is Germany’s largest on-line knowledge pool in the true property business. Belbex is the premier supply of business house accessible to let and on the market in Spain. CoStar Group’s web sites attracted over 163 million common month-to-month distinctive guests within the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains places of work all through the U.S., Europe, Canada, and Asia. From time to time, we plan to make the most of our company web site, CoStarGroup.com, as a channel of distribution for materials firm data. For extra data, go to CoStarGroup.com.
This information launch contains “forward-looking statements” together with, with out limitation, statements relating to CoStar’s expectations or beliefs relating to the longer term. These statements are based mostly upon present beliefs and are topic to many dangers and uncertainties that would trigger precise outcomes to vary materially from these statements. The following elements, amongst others, may trigger or contribute to such variations: the chance that future media occasions is not going to maintain a rise in future occupancy charges. More details about potential elements that would trigger outcomes to vary materially from these anticipated within the forward-looking statements embody, however should not restricted to, these said in CoStar’s filings on occasion with the Securities and Exchange Commission, together with in CoStar’s Annual Report on Form 10-Okay for the 12 months ended December 31, 2023 and Forms 10-Q for the quarterly intervals ended March 31, 2024, June 30, 2024, and September 30, 2023, every of which is filed with the SEC, together with within the “Risk Factors” part of these filings, in addition to CoStar’s different filings with the SEC accessible on the SEC’s web site (www.sec.gov). All forward-looking statements are based mostly on data accessible to CoStar on the date hereof, and CoStar assumes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case.
Haley Luther
Communications Manager
+1 (216) 278 0627
STR