ARLINGTON, Va. — The U.S. hotel industry reported negative year-over-year comparisons, according to CoStarLatest data for the month of May. CoStar, a leader in online real estate marketplaces and information for the property market, provides analytics as well as data.
25-31 May 2020 (change in percentage from the comparable week of 2024)
- Occupancy: 61.0% (-1.6%)
- Average daily rate: US$151.48
- Revenue per available room (RevPAR): US$92.45 (-1.9%)
Top 25 markets in the world St. Louis This was the year that saw the highest occupancy (+11,1% to 64.5%).
New York City (+5.7%, to US$290.35). Los Angeles The highest ADR increase was (+5.7%, to US$189.06).
The sharpest declines in RevPAR were observed in New Orleans (-32.2% to US$73.59). Dallas (-21.5% to US$67.25).
Visit the website for more information on the company, its products and services. costargroup.com.
Additional Performance Data
CoStar’s hotel performance sample is comprised of more than 88,000 hotels and 11.5 Million rooms in over 80 countries. Media members should contact the below contacts for any additional data requests.
CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP), is a leading online provider of real estate information and analytics. CoStar Group, founded in 1987, conducts extensive, ongoing research for the production and maintenance of the largest, most comprehensive database on real estate. CoStar, the world’s leading provider of commercial real estate news, analytics and information, allows clients to gain unparalleled insight into property values, market conditions, and availability. Apartments.com, the world’s leading online apartment marketplace, offers property managers and owners an effective platform to market their properties. LoopNet has thirteen million monthly unique visitors on average. STR offers benchmarking data, analytics and market insights to the global hospitality industry. Ten-X provides a platform that is the leader in online commercial real estate auctions and negotiated offers. Homes.com connects buyers and sellers with agents in the fastest-growing residential online marketplace. OnTheMarket is the leading residential property portal for the United Kingdom. BureauxLocaux, one of France’s largest property portals specialized in buying and renting commercial real estate, is a leading site for this purpose. Business Immo France is the leading news service for commercial real estate. Thomas Daily is Germany’s largest online real estate data pool. Belbex, the leading source for commercial space in Spain that is available to rent and sell, is the most comprehensive resource. CoStar Group’s websites attracted 163 million unique visitors per month on average during the third quarter of 2020. CoStar Group, headquartered in Washington, DC, has offices across the U.S., Europe, Canada, Asia, and Canada. We plan to use our corporate website CoStarGroup.com as a distribution channel for company material information from time to time. Visit https://www.costargroup.com/ for more information. CoStarGroup.com.
This news release contains “forward-looking” statements, including statements about CoStar’s beliefs or expectations regarding the future. These statements are based on current beliefs, and they are subject to many uncertainties and risks that could cause the actual results to be materially different from these statements. These differences could be caused or contributed to by a number of factors including the possibility that future media events may not result in an increase in occupancy rates. CoStar has provided additional information regarding potential factors which could lead to results differing materially from the ones anticipated in forward-looking statement. This includes, but is not limited to the statements made in CoStar’s periodic filings with Securities and Exchange Commission. CoStar has made all forward-looking claims based on the information it had at that time. CoStar does not assume any obligation to revise or update these statements as a result new information or future events.
Haley Luther
Senior Communications Manager
+1 (216) 278 0627
STR
