WASHINGTON – 16 September 2024 – São Paulo posted its highest monthly average daily rate and second highest revenue per available room (RevPAR) on record, according to August preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
August 2024 (year-over-year % change):
- Occupancy: 67.8% (+3.2%)
- ADR: BRL717.98 (+20.6%)
- RevPAR: BRL486.92 (+24.5%)
The first night of the Concrete Show (Tuesday, 6 August) drove highs across each of the three key performance metrics: occupancy (91.6%), ADR (BRL794.57) and RevPAR (BRL727.50). The second night of the show pushed occupancy to 91.5%, and ADR and RevPAR to BRL780.01 and BRL713.55, respectively.
On Wednesday, 28 August, the night before the 2024 Brazilian Cup quarterfinal match between Sao Paulo and Atletico Minero, hotel occupancy reached 89%, while ADR and RevPAR were pushed to BRL777.21 and BRL692.08, respectively.
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Additional Performance Data
CoStar’s world-leading hotel performance sample comprises 85,000 properties and 11 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
