sao paulo hotel performance
São Paulo Hotel Room Rates Reached Record High in August
CoStar Group | September 16, 2024
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 secon...
São Paulo Hotel ADR and RevPAR Reached Record Highs in November
CoStar Group | December 13, 2023
WASHINGTON – 13 December – São Paulo’s hotel industry reported its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, helped by several notable events, according to preliminary November data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. November 2023 (year-over-year % change): Occupancy: 71.9% (+5.0%) Average daily rate (ADR): BRL749.67 (+20.7%) Revenue per available room (RevPAR): BRL539.37 (+26.8%) The market’s occupancy level was above 70% for just the second time since November 2019....
