Occupancy: 54.2% (-1.6%)- Average daily rate (ADR): US$144.88 (+0.8%)
- Revenue per available room (RevPAR): US$78.54 (-0.8%)
Among the Top 25 Markets, New York City saw the largest year-over-year increases in occupancy (+6.8% to 83.5%) and RevPAR (+17.2% to US$319.18).
Las Vegas posted the largest ADR lift (+11.2% to US$232.94).
Due to the Miami Art Week/Art Basel calendar shift, Miami saw the steepest declines in each of the three key performance metrics: occupancy (-14.0% to 69.0%), ADR (-42.5% to 191.20) and RevPAR (-50.6% to US$131.93).
For more information about the company and its products and services, please visit www.costargroup.com.
