Friday, January 17, 2025
The U.S. resort trade confronted year-over-year declines in key efficiency metrics for the week ending 11 January 2025, in keeping with knowledge from CoStar, a number one supplier of actual property analytics and marketplaces. The downturn was attributed to calendar shifts, climate disruptions, and different exterior elements.
Components Affecting Efficiency
Trade efficiency was influenced by:
Calendar Changes: Adjustments within the Martin Luther King Jr. Day vacation and group/convention schedules.
Climate Occasions: Winter storm Cora and fires in Los Angeles induced disruptions and displacement demand.
Weekly Efficiency Overview (5-11 January 2025)
In comparison with the identical week in 2024:
Occupancy: 49.2% (-7.7%)
Common Each day Price (ADR): $144.03 (-5.9%)
Income per Obtainable Room (RevPAR): $70.92 (-13.2%)
Market Highlights
Among the many High 25 U.S. markets, Tampa led the best way with vital progress throughout all metrics:
Occupancy: 79.1% (+18.2%)
ADR: $178.42 (+7.6%)
RevPAR: $141.20 (+27.2%)
Los Angeles skilled notable will increase because of displacement demand following the fires:
Occupancy: 65.0% (+5.7%)
RevPAR: $122.63 (+8.6%)
Conversely, San Francisco reported the steepest decline in RevPAR (-78.1% to $85.89), primarily as a result of rescheduling of the J.P. Morgan Healthcare Convention.
Trying Forward
Additional evaluation of the Los Angeles fireplace impression can be featured in STR’s Weekly Insights Weblog, set for launch on Friday. Trade stakeholders are intently monitoring the consequences of climate disruptions and calendar shifts on upcoming efficiency tendencies.
Because the trade navigates these challenges, key markets like Tampa display resilience and progress alternatives regardless of broader declines.
